Citigroup inc. said it expects to incur as much as $1 billion in severance and reorganization costs this year as it continues the process of eliminating 20,000 roles as part of Chief Executive Officer Jane Fraser’s quest to boost the Wall Street giant’s lagging returns.

Job cuts at Citibank: 20,000 roles to be axed by Wall Street giant

Troubled edtech giant Byju’s has laid off nearly 600 employees from its content and marketing teams. Meanwhile, Byju’s lenders win the battle over $1.2 billion term loan.

Byju’s slashes 600 jobs

After a year-long delay due to governance issues, indian education startup byju said that losses at its parent company narrowed only marginally amid a pandemic-era economic boom. That highlights the firm's issues with creditors over a 1.2 billion dollar debt. Bengaluru-based online teaching service think & learn reported an operational loss of 271 million dollars in 2021-2022, down 6% from 292 million dollars a year earlier.

Byju's reports operational loss of $271 million in 2021-22

Spotify has surpassed expectations with a remarkable surge in monthly active users and premium subscribers however the company's quarterly revenues fell short of estimates and a larger-than-expected loss has sent its shares down five per cent

Spotify's Q2 report card: Rapid user growth, bigger losses

Norway's sovereign wealth fund suffers historic losses of $164 billion

Swiss National Bank estimates record $143 billion loss in 2022

Walt Disney Company has announced a change in the upper hierarchy of the company. Former CEO, Bob Iger will be returning to the company after two years. He'll be replacing his successor Bob Chapek.

Losses for Disney+ doubled to $1.5 billion; Bob Iger returns to Walt Disney Co.

Plunging startup valuations have led to the SoftBank group suffering a loss of $7.2 billion in the third quarter. The company will also slow down its investments after suffering massive losses.

WION Dispatch: Softbank vision fund posts massive losses

Russia slows offensive deliberately to help people evacuate, Zelensky calls it lies to hide losses  

South Africa's ANC on cusp of historic losses

Mark Zuckerberg loses $7 billion in hours as Facebook plunges

Bitcoin recoups some losses in Asia after plunging on Chinese crackdown

Oil exporters report losses despite price hike

HSBC profits hammered by pandemic and soaring US-China tensions

Indian Oil Corp posts quarterly loss as inventory losses surge

Israel's Bezeq Tel third-quarter profit falls, headed for big 2019 loss

Manlio Fabio Beltrones announced his decision after the PRI won only five of the dozen governors races up for grabs in the June 5 vote

Head of Mexico's ruling party resigns after electoral drubbing

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