Lloyd’s Bank To Cut 730 Jobs In January
In another unfortunate event, Lloyd's bank plan to cut over 700 jobs in a bit to restructure their process. These jobs cuts would majorly be in its technology and retail operations. As per a Bloomberg report, this would not happen till January though. The bank employed 63,000 people in 2019. To rea ...
751,000 claim unemployment benefits
The number of Americans seeking unemployment benefits has gone down marginally the last week to 751,000. However, these numbers are still historically high and a lot of employers are still cutting jobs in the face of rising cases. The surge in cases and lack of benefits and packages to aid and help ...
US service sector cools in October
U.S. services industry activity slowed in October, with growth in new orders and employment moderating. The primary reason for this could be waning fiscal stimulus and a resurgence in new COVID-19 cases across the nation. The ISM reported on Monday that factory activity accelerated in October as ne ...
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