JLR TO CUT 4,000 ROLES IN US $ 2.7BN COST-SAVING OVERHAUL
The UK government has ruled out plans to offer state support for Jaguar Land Rover( JLR) as the carmaker looks to implement a £ 1.7bn( US $ 2.7bn) cost-saving strategy. With falling revenues and intense market competition from countries like China, JLR plans to cut 4,000 jobs across two years as part of this strategy.
CHIME ACQUIRES STRIDE FOR US $ 590M AMID AI BANKING STRATEGY
Chime has agreed to acquire Stride Bank’ s parent company in an all-cash transaction valued at US $ 590m. The deal is expected to close in H1 2027 and will see Chime rebranded as Chime Bank. The firm will vertically integrate its AI-native platform and will also keep its consolidated assets below the US $ 10bn threshold for the foreseeable future.
US $ 10bn
The threshold Chime plans to keep its consolidated assets under
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