Lowe’s Companies, one of the largest home improvement chains in the US, with over 1,700 stores, has entered the growing list of retailers announcing job cuts in 2026. The company revealed on Feb 13, that it will reduce 600 corporate and support roles nationwide, representing around 1% of its total workforce. The plan is to shift resources toward store operations and customer-facing employees. As part of the broader pullback, a recent Worker Adjustment and Retraining Notification (WARN) spread across 10 ...

Core Viewpoint - UPS is undergoing significant workforce reductions, announcing 30,000 job cuts as part of a strategy to decrease its volume from Amazon, following a previous layoff of 48,000 jobs in October 2025 [1][2] Group 1: Job Reductions and Legal Issues - UPS has announced a second driver buyout plan, facing legal action from the International Brotherhood of Teamsters, which seeks to halt this initiative [1][2] - The Teamsters union, representing over 1 million members, filed for a temporary restraining order against UPS's "Driver Choice Program," labeling it an illegal buyout scheme [2][3] - Teamsters General President Sean M. O'Brien criticized UPS for its disregard for legal obligations and contracts with the union, emphasizing the company's role as the largest employer within the Teamsters [3] Group 2: Driver Choice Program - The Driver Choice Program is UPS's second buyout initiative, following the Driver Voluntary Separation Program announced in July 2025, which included a $1,800 annual service award and a minimum payout of $10,000 for participating drivers [4][5] - The specifics of how many drivers accepted the initial buyout remain undisclosed, but the new program is set to be implemented shortly [5] Group 3: Legal Proceedings and Stock Performance - The ongoing legal dispute between Teamsters and UPS may complicate the implementation of the buyout, although UPS has stated that legal proceedings will not impact its operations [6] - Despite the challenges, UPS's stock has seen a 19% increase year-to-date [7]

Core Viewpoint - Heineken plans to cut up to 6,000 jobs globally, nearly 7% of its workforce, due to declining beer demand and challenging market conditions [1][4] Group 1: Job Cuts and Financial Strategy - The job cuts will affect brewing and white-collar roles within Heineken's 87,000-strong workforce [1] - The company aims to strengthen operations and invest in growth through these job reductions, as stated by the head of finance [2] - The cuts will occur in Europe and other markets, including previously announced measures affecting the supply network and regional divisions [2][3] Group 2: Leadership Changes and Market Challenges - The announcement follows the unexpected resignation of CEO Dolf van den Brink, who faced pressure to improve growth and productivity [3] - Heineken's profit growth forecast for 2026 has been lowered, now expected to be between 2% and 6%, compared to a previous forecast of 4-8% for 2025 [4] - The company reported a 1.2% decline in total beer volumes last year, indicating a broader trend of declining beer sales, particularly in Europe and North America [4][5] Group 3: Investor Reaction and Future Leadership - Investors reacted positively to the job cut announcement, leading to a 4% increase in Heineken's share price, reaching a six-month high [5][6] - The new CEO, who will replace van den Brink in May, will face significant challenges as many difficult decisions have already been made [6]

Core Viewpoint - The majority of job reductions in UBS' Swiss business are expected to occur in the second half of 2026, as stated by the bank's CEO Sergio Ermotti [1] Group 1 - UBS is planning significant job reductions within its Swiss operations [1] - The timing for these job cuts is projected for the latter half of 2026 [1] - CEO Sergio Ermotti provided this information during a press briefing [1]

General Motors said on Thursday it will eliminate roughly 500 jobs in Canada when a plant in Oshawa, Ontario, cuts a shift, adding more pain to one of the sectors that has been most affected by U.S. t... ...

Group 1 - Societe Generale announced a reduction of 1,800 positions in its French retail banking branch [1] - The job cuts may extend beyond the French retail banking sector [1]

Group 1 - Capgemini plans to cut up to 2,400 jobs in France, representing approximately 6% of its workforce in the country [1] - The job cuts are a response to weak demand in key sectors within the company's home market [1] - The decision reflects broader challenges faced by the IT services group amid changing market conditions [1]

Group 1 - BlackRock Inc. is cutting about 250 jobs, which is approximately 1% of its global headcount, as part of a broader trend among Wall Street firms to reduce staff [1][3] - The job cuts include members from investment and sales teams, indicating a strategic shift within the company [1] - The company aims to align its resources with its objectives and enhance its service to clients, as stated by a company spokesperson [2] Group 2 - CEO Larry Fink is focusing on restructuring BlackRock to deepen its involvement in alternative investments, following the $12 billion acquisition of HPS Investment Partners [2] - BlackRock had around 24,600 employees and managed approximately $13.5 trillion in assets as of the end of September [4]

Core Points - FedEx is laying off 856 employees in Coppell, Texas, due to a major customer shifting its business to another provider, with layoffs starting in January and the facility closure expected by April 29, 2026 [1][2] - The layoffs are part of a broader trend affecting logistics and manufacturing employers, influenced by trade policies, facility closures, and changing consumer demand [4] Company Summary - FedEx is providing job placement assistance, relocation aid, or severance to affected employees, and some may be eligible for other roles within the company [3] - The Coppell layoffs follow previous job reductions in North Texas, including 305 layoffs in Fort Worth and 131 layoffs in Garland and Plano [3] Industry Summary - The logistics and manufacturing sectors are experiencing significant job cuts due to various pressures, including trade policies and supply chain strains [4]

The executive board of SAP, Europe’s most valuable software company, is facing declining employee trust following recent job cuts and organizational restructuring, underscoring growing concerns about its senior leadership https://t.co/hhNl8k1STS ...