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DNB made NOK 9.8bn in quarterly profit. Why is AI still eliminating 400 technology roles?
DNB Bank ASA plans to eliminate around 400 full-time-equivalent roles from Technology & Services after deploying agentic artificial intelligence across customer-data controls, KYC processes and software development. Norway's largest bank is explicitly connecting AI productivity to workforce redesign, creating a clearer test of whether automation can reduce costs without weakening technology execution or regulatory controls.
Telia wants SEK 1bn of savings. Can fewer central roles make the telecom group faster?
Telia Company AB plans to eliminate around 900 positions across its Nordic and Baltic operations by year-end while transferring another 220 roles closer to national businesses. The SEK 1 billion annual cost programme is designed to simplify decision-making and improve cash flow, but the restructuring comes while revenue, EBITDA and customer metrics have already been improving.
Could Mike Danson unlock GlobalData’s (LSE: DATA) hidden value without selling the entire company?
GlobalData founder Mike Danson is open to selling core divisions, according to The Times, reopening questions over the company's £1.115 billion healthcare valuation, deteriorating growth expectations, private equity interest and the financial consequences of breaking up the London-listed intelligence group.
Hays plc (LSE: HAS) shares tumble as recruitment recovery stalls despite stronger US demand
Hays' latest trading update reveals improving demand in the Americas and Asia, but continued weakness in Germany and Britain is testing its restructuring strategy and earnings recovery.
Lumino Industries (NSE: LUMINO) wins Rs 496cr orders after IPO, order book reaches Rs 3,215cr
Lumino Industries Limited has secured ₹496 crore in new power infrastructure orders since its September listing, taking its order book to ₹3,215 crore as the company prepares to expand manufacturing capacity by nearly 88%.
Krystal plans 10,000 jobs across India. Can margins keep pace with such rapid workforce expansion?
Krystal Integrated Services Limited plans to generate more than 10,000 employment opportunities across over 25 Indian cities between October 2026 and March 2027. The expansion follows 9,500 opportunities already generated in the current financial year and puts workforce deployment, contract economics and service quality at the centre of its next growth phase.
Glenn Sanford built eXp Realty. Why is he handing AGNT to Leo Pareja now?
AGNT, Inc., formerly eXp World Holdings, has promoted eXp Realty Chief Executive Officer Leo Pareja to lead the listed parent while founder Glenn Sanford relinquishes the Chief Executive Officer role and all other employment positions but remains Chairman. The transition gives an operating executive control of a platform that is growing transactions and adjusted EBITDA even as AGNT shares trade near the bottom of their 52-week range.
Canara Robeco (NSE: CRAMC) Q2 FY27 profit rises 22% to Rs 59.2cr, but AUM signals caution
Canara Robeco Asset Management Company Limited reported 17% revenue growth and a 22% increase in quarterly profit, although lower closing assets, declining SIP accounts and a sequential earnings slowdown complicate the outlook.
Kip McGrath (ASX: KME) takeover turns unconditional as Crimson lifts cash offer to 75c
Crimson Consulting Australia has increased its takeover offer for Kip McGrath Education Centres to A$0.75 per share and removed all remaining defeating conditions, prompting the target's board to unanimously recommend acceptance ahead of the 19 October deadline.
MFA Financial has named its next CEO nine months early. Why is the mortgage REIT planning such a long handover?
MFA Financial, Inc. has appointed President and Chief Investment Officer Bryan Wulfsohn to become Chief Executive Officer on July 1, 2027, following Craig Knutson’s planned retirement. The unusually long transition also brings former Starwood Capital executive Andrew Kail in as Chief Investment Officer, giving the mortgage-focused real estate investment trust time to transfer leadership while navigating credit risk, funding costs and a stock price trading far below book value.