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Factbox-US financial giants shedding jobs in 2024

Their actions highlight challenges stemming from tighter monetary policy and follow a year of massive layoffs on Wall Street. The digital payments giant is planning to cut about 2,500 jobs, or 9% of its global workforce, in 2024. CEO Alex Chriss said the decision to right-size the business was taken "to move with the speed needed to deliver for our customers and drive profitable growth."

Societe Generale: Third quarter 2023 earnings -November 03, 2023 at 01:26 am EDT

L&T share price: L&T to divest 100% stake in subsidiary LTIEL

Larsen & Toubro (L&T) will sell its entire stake in L&T Infrastructure Engineering Ltd (LTIEL) to STUP Consultants Pvt Ltd, a subsidiary of France s Assystem SA. This divestment aligns with L&T s strategy to concentrate on its core businesses, and the transaction is expected to be finalized before January 15, 2023, pending certain conditions.

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