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Uber lays off roughly 100 workers in its self-driving team

Thursday, July 12, 2018, 4:47 PM

After Uber's self-driving car crash which killed a pedestrian in Arizona in March, the ride-hailing startup has laid off about 100 self-driving vehicle operators. However, the company said "we look forward to returning to public roads in coming months". Uber reportedly plans to replace the jobs with about 55 "mission specialists", positions for which the affected employees can also apply.
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Taiwan smartphone maker HTC to lay off 1,500 workers

Tuesday, July 3, 2018, 12:05 PM

Smartphone maker HTC plans to lay off 25% of its workforce, a decision which would affect 1,500 employees at its manufacturing unit in Taiwan. The layoffs "will allow more effective and flexible resource management going forward", the company said. It comes after HTC posted a $170-million operating loss in the first quarter of 2018 while revenue dropped to $290 million.
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'Deutsche Bank Planning To Cut 10,000 Jobs To Reduce Costs'

Wednesday, May 23, 2018, 8:27 PM

Deutsche Bank is planning to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, The Wall Street Journal reported on Wednesday. The Journal, citing unnamed sources, reported that job cuts were likely to extend into 2019. Separately, a source reported the lender was planning to withdraw from a number of equities markets across the globe.

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