April 22, 2026
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Tag : job cuts

Business

Vietnam shoemaker PouYuen to lay off 6,000 workers amid plummeting demand

omandailynews.com
One of Vietnam’s leading shoe manufacturers, catering to brands like Nike Inc and Adidas AG, announced plans to lay off thousands of employees due to a significant drop in orders. PouYuen Vietnam Co, a subsidiary of Taiwan-based Pou Chen Corp, is set to let go of nearly 6,000 workers with......
Business

Wall Street faces staffing cuts as Morgan Stanley plans to eliminate 3,000 jobs

omandailynews.com
As the slump in Initial Public Offerings (IPOs) and mergers on Wall Street continues to deepen this year, leading advisory firms including Morgan Stanley, Bank of America, and Citigroup have resorted to job cuts. Specifically, Morgan Stanley is planning to axe roughly 3,000 positions by the end of June, as......