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Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Cisco Systems Aug 14 (Reuters) - U.S. and Canadi an companies have continued to cut jobs in 2024 after letting go thousands last year, a s they remain uncertain about t he econom i c conditions . Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Cisco Systems CSCO.O will lay off 7% of its global workforce , as part of a restructuring plan, the networking giant said, about six months after announcin
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U.S. STOCKS Paysafe, HUYA, Oklo

BUZZ-U.S. STOCKS ON THE MOVE-Paysafe, HUYA, Oklo Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stocks hit a near two-week high on Tuesday after a softer producer prices data reinforced bets of an interest rate cut by the Federal Reserve in September.
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Indian e-tailer Nykaa misses Q1 profit estimate as apparel sales slow sharply

Indian e-tailer Nykaa misses Q1 profit estimate as apparel sales slow sharply BENGALURU, Aug 13 (Reuters) - Indian retailer Nykaa reported a much smaller-than-expected quarterly profit on Tuesday, hurt by slowing growth in its mainstay beauty products and especially in apparel sales. The company, listed as FSN E-Commerce Ventures FSNE.NS , said its consolidated net profit nearly tripled to 96.4 million rupees ($1.2 million) in the first quarter.
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Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Paramount Global Aug 9 (Reuters) - Companies in the United States and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime uni
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Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Intel layoffs Aug 2 (Reuters) - Companies in the United States and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime unit ,
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