Vera Bradley Slashes Corporate Jobs, ‘Rightsizes’ Expenses, Bids Farewell to CFO
Vera Bradley Inc., a leading American handbag and luggage design company, announced a major reorganization to cut costs and streamline operations. The company’s primary objectives are to reduce costs by an additional $12 million and replace Chief Financial Officer Michael Schwindle. To achieve these goals, the company plans to cut around 25 corporate positions to […]
“Discover Today’s FX Option Expiries: Expert Insights for April 20 NY Cut – Don’t Miss!”
Foreign Exchange (FX) option expiries for April 20 in the New York cut at 10:00 Eastern Time, via DTCC, can be found below. An FX option or currency option is a financial derivative that gives the buyer, or holder, the right, but not the obligation, to buy or sell a currency at a specific exchange […]
“US Job Cuts Soar 15% in March: Interest Rates Fuel Layoff Surge & Employment Challenges”
Job cuts at U.S.-based employers surged in March, with a total of 89,703 layoffs announced—a 15% increase from the prior month. This figure marks the third time this year that job cuts have been significantly higher than in the same month the previous year. In fact, job cuts in March 2023 were more than four […]