Australiajobcuts

PGIM Fixed Income Executive Portfolio Advisor Michael Collins says this April jobs report locks in a stalemate at the Federal Reserve and means they are on hold for now. He speaks on "Bloomberg Surveillance."

Commerzbank CEO Bettina Orlopp discusses the company's performance as the lender lifted its guidance for profit this year and outlined more job cuts. Orlopp also discusses the hostile takeover attempt by UniCredit, saying it would put a lot of revenue at risk. She speaks on Bloomberg Television.

Meta Platforms plans to cut 10% of workers, or roughly 8,000 employees, in an effort to boost efficiency and offset its heavy spending on artificial intelligence. Ed Ludlow reports on "Balance of Power."

Layoff announcements at technology companies continued to mount in March, as employers in the technology sector announced 18,720 job cuts, up more than 24% from March 2025, according to outplacement firm Challenger, Gray & Christmas Inc. Michael McKee reports on Bloomberg Television.

US job openings fell and hiring slowed notably in February while US consumer confidence unexpectedly rose in March. Mike McKee reports on "Bloomberg Open Interest."

HSBC is said to be considering a wave of deep job cuts over the coming years as CEO Georges Elhedery bets on AI to shrink its middle and back office footprint. Bloomberg's Adam Haigh reports.

Volkswagen CFO Arno Antlitz comments on earnings, cost savings and the outlook for growth in China. He speaks to Bloomberg's Oliver Crook after the firm, Europe's largest automaker, forecast an operating return in a range of 4% to 5.5% this year as higher raw material costs, intense competition and geopolitical tensions combine for a challenging outlook.

Jack Dorsey's Block aims to improve efficiency by reducing headcount and leveraging artificial intelligence tools. A key focus is on an internal AI tool called Goose, which the company plans to rely on heavily to streamline business processes and enhance productivity. Emily Mason reports on "Bloomberg The Close."