Layoffs / Restructuring

UPS to eliminate 30,000 more jobs as Amazon volume cuts accelerate; shares rise

In 2025, UPS eliminated 48,000 jobs, launched driver buyouts and ‍closed operations at 93 buildings as Amazon volume shrank. This year's job reductions will come via attrition and another buyout offer for full-time drivers. Layoffs are not planned, Chief Financial Officer Brian Dykes said.

Layoffs / Restructuring

Former Citi wealth executive sues bank; alleges harassment and biased HR probe

Citigroup is under renewed scrutiny after a former senior executive in its wealth-management division filed a lawsuit accusing the bank of fostering a hostile workplace culture and mishandling allegations of misconduct at the top levels of leadership. The suit was brought by a former global head of platform and experiences at Citi Wealth, who left [...] The post Former Citi wealth executive sues bank; alleges harassment and biased HR probe appeared first on HR Katha .

Layoffs / Restructuring

Prudential Life Japan faces sales misconduct fallout; announces compensation and leadership reset

Prudential Life Insurance has moved to contain the fallout from widespread monetary misconduct involving its sales force, announcing customer compensation, senior leadership changes, and a broad overhaul of sales practices and governance in Japan. The action follows an internal review that uncovered improper financial dealings by more than 100 current and former employees. The issues [...] The post Prudential Life Japan faces sales misconduct fallout; announces compensation and leadership reset appeared first on HR Katha .