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Galapagos Capital has eliminated 45 roles across its global operations, about 9% of its workforce, as part of a broader efficiency drive, according to a Bloomberg report citing people familiar with the matter. The São Paulo-based asset manager is targeting operational streamlining through expanded use of artificial intelligence while dealing with persistent market headwinds.
Read the original →The feature looks ahead five years at key sectors, analyzing strengths and weaknesses and the earnings of major companies. It also covers changes in industry rankings, salary levels and hiring trends. It notes that Kioxia Holdings briefly overtook Toyota Motor as the largest company by market capitalization amid volatility in AI and semiconductor stocks.
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