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Tag: job cuts

ILO
Latest
  • Reuters
  • May 28, 2025
ILO cuts more than 200 jobs as US slashes funding

ILO head also raises the possibility of relocating some of the agency’s operations out of Geneva

Thyssenkrupp job cuts
Latest
  • Reuters
  • Nov 25, 2024
Thyssenkrupp to cut 11,000 jobs in major corporate shakeup

Germany’s largest steelmaker is under pressure from cheaper Asian competitors, high power prices and a weakening global economy

Walmart announced that it plans to cut hundreds of jobs at its corporate headquarters and relocate its remote workforce to three offices.
Business
  • Reuters
  • May 15, 2024
Walmart to cut jobs at headquarters, relocate others

Like other US companies, Walmart is shifting its strategy towards more in-person work after years of pandemic-induced remote working. At one point it even endorsed remote work as the new norm.

Apple stock price
Technology
  • Web Desk
  • Apr 05, 2024
Apple initiates layoffs amid EV project setback

Apple has recently initiated a workforce reduction, resulting in the dismissal of over six hundred employees, as per recent reports.

US job cuts 2024
Business
  • Web Desk
  • Mar 07, 2024
US records 3% surge in job cut announcements

WEB DESK: Layoff announcements in the United States experienced a 3 per cent surge last month, reaching the highest level in 11 months.

Sony PlayStation workforce reduction
Business
  • Web Desk
  • Feb 28, 2024
Sony announces job cuts, studio closure amid industry challenges

Japan’s Sony, revealed on Tuesday that it will be reducing its workforce by approximately 900 employees within its PlayStation unit.

Nike announces job cuts due to declining sales
Business
  • Web Desk
  • Feb 16, 2024
Nike to cut over 1,600 jobs amid declining demand

Nike, the global sportswear giant, has revealed plans to trim approximately 2 per cent of its total workforce, equating to over 1,600 jobs.

Continental's research and development teams will be affected by the cuts
Business
  • Hum News
  • Feb 15, 2024
German auto parts firm Continental to slash over 7,000 jobs

The automotive sector has been forced to retool as consumer demand shifts to electric vehicles.

Microsoft Bing AI risks
Latest
  • Web Desk
  • Jan 26, 2024
Microsoft to cut 1,900 jobs in gaming division restructuring

Microsoft is set to lay off approximately 1,900 employees across Activision Blizzard and Xbox this week, as reported by The Verge.

Nokia
Technology
  • Web Desk
  • Oct 19, 2023
Nokia to cut 14,000 jobs due to poor sales performance

On Thursday, Nokia, the renowned phone manufacturer, revealed plans to slash up to 14,000 jobs as part of a cost-cutting strategy.

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