IKEA Group looks to cut 7,500 jobs in the next couple of years, according to the company. The furniture giant said these jobs would mostly be administrative staff in central support roles.
However, IKEA Group said that it also plans to create 11,500 more jobs in the same period as it explores new formats of retail sale and in online channels.
IKEA confirmed that this reorganization is not aimed at store operation or distribution units, and said that it was trying to cut down on duplicate roles.
Earlier this week, Business Insider reported that IKEA employees were dissatisfied with the company due to a policy introduced in 2017 across all of its US stores.
The O4G policy — which moves around the roles of store workers — seemed to have caused dissent among its employees, or “co-workers” as the company terms them.
Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew
Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter
Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings