Corporations are likely to feel the bite of higher rates as an estimate $1.8 trillion of corporate debt matures in the next two years, which could cost jobs,.
Amazon is cutting jobs in its Fresh Grocery stores, eliminating ‘zone lead’ roles as part of a restructuring plan. The company did not disclose how many employees would be affected. Amazon operates 44 Fresh grocery stores and also owns Whole Food
More than 500 job losses have been confirmed at the Auckland Council and its agencies as part of Mayor Wayne Brown’s cost-cutting budget.
Auckland Council
Australia’s Star Entertainment Group Ltd announced 500 job cuts and trimmed its annual earnings forecast, sending its shares 11% lower as regulatory restrictions and weak consumer behaviour dent the casino operator’s earnings.