My Investing Muse (03Feb2025) Layoffs & Closure news Microsoft has initiated a wave of performance-based job cuts, with impacted employees losing their jobs effective immediately and receiving no severance packages, according to termination letters sent to staff. Berkshire Hathaway said on Friday it has shed more than 4,000 jobs over the last year, on pace to post a record annual operating profit. In a regulatory filing, Berkshire said its dozens of operating businesses employ about 392,000 people, down from 396,440 shown in its most recent annual report last February. - Reuters The JG Summit conglomerate will shut down its petrochemical business — which makes raw materials for the production of plastic products and industrial chemicals — due to a China-induced global oversupply of res
Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
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