Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Victoria's Secret & Co announced on Tuesday this week that it will slash management roles in the company, and around 160 workers are affected. This is said to be equivalent to five percent of the company's workers, including the home office staff and a former Amazon executive that was previously hired.
The job layoffs are necessary as the firm merges its three businesses to form just one organization. The three divisions affected by the reorganization are PINK, Victoria's Secret, and Pink Beauty.
As per Reuters, along with the announcement of job cuts, Victoria's Secret also revealed it has appointed three executives for key leadership roles. They will be directly reporting to the company's chief executive officer, Martin Waters.
The PINK brand has been led by Amy Hauk since 2018, and she is set to take on an additional role in the company as Victoria's Secret unit's chief executive officer. The firm said via an email that its Beauty division would then be integrated into her organization.
Christine Rupp has been given the role of chief customer officer. Prior to becoming part of Victoria's Secret, she worked for Albertsons Cos Inc., Microsoft Corp., and Amazon.com Inc. At Amazon, Rupp was responsible for the launch of Amazon Prime Day and led the e-commerce firm's Fulfillment by Amazon.
The third executive to be appointed in Victoria's Secret restructuring is Greg Unis. He is now the new chief growth officer, but he has been with the company since 2016 as part of PINK Beauty and VS.
"Over the last year, we have progressed a thoughtful revolution of our business by redefining the VS brand and rebuilding our strategy for growth. We can now better connect with and represent our millions of customers around the globe," Victoria's Secret & Co.'s CEO said in a press release regarding the reorganization. "As a result, we have more relevant brand positioning, more compelling merchandise assortments, and a more inclusive culture that celebrates our people."
He added, "With our brand revolution well underway and gaining momentum, now is the time to reimagine our leadership structure to better align with a shifting consumer landscape and become more efficient as an organization."
