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May 22, 2026
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‘I am sorry’: Standard Chartered CEO Bill Winters apologises for comments over job cuts

    ‘I am sorry’: Standard Chartered CEO Bill Winters apologises for comments over job cuts

    2 hours ago02 mins

    Standard Chartered global CEO Bill Winters on Friday said he was “sorry” for comments describing “lower-value” workers, made while announcing job-cut plans earlier this week. Winters apologised in a LinkedIn post as he tried to cool debate among upset employees after he announced on Tuesday a 15 per cent cut of back-office staff at the…

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    Layoffs Hitting 22-Year High for October Sparks Fresh Stock Losses
    • Finance

    Layoffs Hitting 22-Year High for October Sparks Fresh Stock Losses

    Cs news7 months ago7 months ago05 mins

    US stocks dropped sharply on Thursday as investors took in the worst layoff data for the month of October in over two decades. Employers announced 153,074 job cuts for October, according to data from Challenger, Gray & Christmas. That represents a 183% increase from job cuts announced in September, and marked the worst October for…

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