As Cost-Cutting Efforts Ramp-Up, Uber Lays off 400

Uber, to cut costs and make operations efficient, is set to lay off almost one-third of their 1,200-person strong marketing department, following its first-quarter losses of $1 billion and public debut. As per the layoffs reported by The New York…
Deutsche Bank Plans to Eliminate 18K Jobs

Deutsche Bank is planning to cut its worldwide equities sales along with the trading businesses and cut the investment banking business back for improving the profit margins. In the second quarter, the restructuring plan will lead to a total reduction…