Today: November 14, 2024
Today: November 14, 2024

Job Cuts

Business|Europe

Audi plans thousands of job cuts outside production, report says

German automaker Audi is looking to shrink its workforce in the medium term by cutting jobs outside of production, with thousands of positions at risk, the Manager Magazin reported

Audi plans thousands of job cuts outside production, report says
Business|Europe|Finance

HSBC CEO tells staff senior redundancies inevitable after revamp

Some senior HSBC staff should brace for job cuts after the bank's latest restructuring, Chief Executive Georges Elhedery told staff in a memo seen by Reuters on

HSBC CEO tells staff senior redundancies inevitable after revamp
Business|Finance|US

Rescued New York Community Bank to lay off 700 at its Flagstar subsidiary

Struggling New York Community Bancorp said it's cutting 700 jobs at its Flagstar subsidiary as it tries to return to profitability after being rescued by investors earlier this year

Rescued New York Community Bank to lay off 700 at its Flagstar subsidiary
Business|Technology|US

Meta lays off employees at WhatsApp and Instagram, the Verge reports

Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.

Meta lays off employees at WhatsApp and Instagram, the Verge reports
Business|US

Boeing to issue layoff notices to thousands next month, union and source say

Boeing will send 60-day notices in mid-November to staff being made redundant as part of a plan announced last week to cut 17,000 jobs at the debt-laden planemaker, an engineering

Boeing to issue layoff notices to thousands next month, union and source say
Business|Finance|US

Boeing prepares layoff notices for thousands of workers as turmoil deepens

Thousands of Boeing staff will get layoff notices within weeks, a union and industry sources said, as a senior U.S. official flew to

Boeing prepares layoff notices for thousands of workers as turmoil deepens
Business|Economy|Technology

Blink Charging to reduce global workforce by 14% in cost-saving effort

Blink Charging said on Tuesday it would lay off about 14% of its global workforce as part of a cost-reduction plan, as the electric vehicle charging equipment maker tackles weaker demand.

Blink Charging to reduce global workforce by 14% in cost-saving effort
Business|Europe|Finance

Volkswagen may book up to $4.4 billion in provisions on capacity cuts, Jefferies says

Volkswagen may book up to 4 billion euros ($4.4 billion) in provisions for planned capacity cuts as early as the fourth quarter, analysts at brokerage Jefferies said in a note after

Volkswagen may book up to $4.4 billion in provisions on capacity cuts, Jefferies says
Business|Economy|Europe

Volkswagen aims to cancel a no-layoffs pledge and won't rule out closing plants in Germany

Volkswagen says it's not getting the cost reductions that it needs - and won't rule out plant closings in its home country Germany

Volkswagen aims to cancel a no-layoffs pledge and won't rule out closing plants in Germany
Business|Economy|Finance|US

Goldman to lay off a few hundred employees in annual talent review, source says

Goldman Sachs is planning to cut a few hundred jobs as part of an annual review process aimed at low performers, a person familiar with the matter told Reuters on Friday.

Goldman to lay off a few hundred employees in annual talent review, source says
Business|Technology|US

US senator presses Intel CEO on chips award after job cut plan

Republican Senator Rick Scott on Wednesday asked Intel CEO Pat Gelsinger for more details on the company's plans to cut more than 15,000 jobs despite being

US senator presses Intel CEO on chips award after job cut plan
Asia|Business|Economy|Fashion and Beauty|Finance|Lifestyle

Beauty retailer Sephora cuts China jobs as market slumps

LVMH-owned beauty retailer Sephora is cutting its workforce in China, the company said on Wednesday, as consumers curb their spending on creams and make-up in the world's No. 2

Beauty retailer Sephora cuts China jobs as market slumps
Business|Finance|Technology|US

Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet

Intel said on Thursday it would cut more than 15% of its workforce, some 17,500 people, and suspend its dividend starting in the fourth quarter as the chipmaker pursues a

Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet
Business|Finance|Stock Markets

Cost savings drive Philips' profit beat, flags insurance payout

Philips reported second-quarter results that exceeded analysts' expectations on Monday thanks to cost savings, partly from job cuts,

Cost savings drive Philips' profit beat, flags insurance payout
Business|Finance

Australia's Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO

Fortescue will reduce about 700 jobs, or 4.5% of its global workforce, in a fresh restructuring round, the Australian miner said on Wednesday, as it appointed acting Chief Financial

Australia's Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO
Business|Finance

Paramount to continue job cuts until Skydance deal closes, memo says

Paramount Global will continue reducing the size of its workforce until its merger with Skydance Media closes, the company's co-CEOs said in a memo seen by Reuters on Sunday, hours after

Paramount to continue job cuts until Skydance deal closes, memo says
Asia|Business|Finance

Morgan Stanley to cut around 50 investment banking jobs in Asia-Pacific, sources say

Morgan Stanley is cutting around 50 investment banking jobs in the Asia-Pacific region due to a deals slump, sources with knowledge of the matter said.

Morgan Stanley to cut around 50 investment banking jobs in Asia-Pacific, sources say
Business|Technology

Rivian cuts 1% of workforce in second round of layoffs this year

Electric vehicle maker Rivian said on Wednesday it cut about 1% of its workforce - the second round of job cuts this year - as it reduces cost

Rivian cuts 1% of workforce in second round of layoffs this year
Business|Economy|Europe

Norway's Schibsted to cut 250 jobs in cost drive

Norwegian online classified ads group Schibsted will cut around 250 jobs in the Nordic region as part of a restructuring plan to reduce costs and boost efficiency, the company said on

Norway's Schibsted to cut 250 jobs in cost drive
Business|Finance|Technology

Google cuts at least 100 jobs across its cloud unit, CNBC reports

Alphabet-owned Google is laying off at least 100 employees from several teams in its cloud unit, CNBC reported on Monday.

Google cuts at least 100 jobs across its cloud unit, CNBC reports
Business|US

Campbell to cut 415 jobs as it restructures its manufacturing plants

Campbell Soup on Tuesday said it plans to reduce the size of its Jeffersonville, Indiana site and close Tualatin, Oregon site, leading to 415 job cuts.

Campbell to cut 415 jobs as it restructures its manufacturing plants
Business|Economy|Europe|Technology

Siemens Energy's Gamesa to cut 4,100 jobs, CEO says in staff letter

Siemens Energy's wind turbine division Siemens Gamesa is planning to cut 4,100 jobs, or around 15% of its workforce, the unit's Chief Executive Jochen Eickholt said in an internal

Siemens Energy's Gamesa to cut 4,100 jobs, CEO says in staff letter
Business|Economy|Finance|Technology|US

Lucid to trim US workforce by 6% amid softening EV demand

Lucid Group will reduce its workforce in the United States by 6%, or around 400 employees, it said on Friday, becoming the latest electric-vehicle maker to cut jobs as the industry grapples

Lucid to trim US workforce by 6% amid softening EV demand
Asia|Business|Economy|Finance

Recently delisted Toshiba to cut 4,000 jobs in restructuring drive

Japan's Toshiba said on Thursday it will cut up to 4,000 jobs domestically as the industrial conglomerate accelerates restructuring under new ownership.

Recently delisted Toshiba to cut 4,000 jobs in restructuring drive

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