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Tag: workforce reduction

US Federal Reserve Chair Jerome Powell
Latest
  • AFP
  • May 17, 2025
US Fed plans to cut workforce by 10% in next ‘couple of years’

The plans will include a “voluntary” deferred resignation program for eligible employees at the Federal Reserve Board in Washington.

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.

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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