Job Cuts News
Ford to cut 1,100 jobs in Spain
The cuts follow the announcement last month by Ford of 3,800 job cuts elsewhere in Europe, including 2,300 positions in Germany and 1,300 in Britain
General Motors to fire 500 salaried employees; know details
The 500 job cuts account for less than 1 percent of the General Motor’s salaried workforce
How IT professionals are struggling to stay in the United States after being laid off
Nearly 200,000 IT workers have been laid off since November of last year, with 30 to 40 per cent of them being Indian
Microsoft to sack 10,000 employees over poor economy
The job cuts will affect slightly less than five percent of employees and follow in the wake of similar moves by Facebook owner Meta, Amazon and Twitter which have announced thousands of layoffs in the once-unassailable tech sector
Explained: Why Amazon’s 18,000 employees being laid off is just the tip of the iceberg for 2023
Amazon isn’t the only company firing employees. Other big firms, including Goldman Sachs and McDonald’s, will see mass layoffs in the coming months. Just a week into 2023 and 30,000 jobs have already been cut across the globe and the situation is only going to worsen
WATCH: Washington Post chief announces job cuts, walks out without answering questions
The Washington Post guild released a video of Fred Ryan, CEO, leaving the meeting without answering questions posed by some of his employees. The management said that the job cuts would not reduce the size of the newsroom
'Some roles will no longer be required': Amazon begins mass layoffs in US
"After a deep set of reviews, we recently decided to consolidate some teams and programs. One of the consequences of these decisions is that some roles will no longer be required," hardware chief Dave Limp wrote in a memo to workers on Wednesday.
Explained: How layoffs at Singapore tech firms are affecting Indians
Technology companies around the world and in Singapore — a major tech hub where many of the tech giants host their regional headquarters — are freezing hiring or downsizing in the face of sluggish consumer spending, higher interest rates and inflation
Elon Musk said to begin job cuts across Twitter: Report
According to the reports, some managers were being asked to draw up lists of employees to cut and 75 per cent of the workforce at the company could be laid off
Elon Musk plans to cut 75% of Twitter workforce if he becomes owner, say reports
While job cuts have been expected regardless of the sale, the magnitude of Musk's planned cuts are far more extreme than anything Twitter had planned
Elon Musk mulls laying off 10% of Tesla workers; company's shares tumble 9%
Tesla had around 100,000 employees worldwide according to recent regulatory filings, including its subsidiaries
Tim Paine disappointed with job losses but sees opportunity in COVID-19 cutbacks by Cricket Australia
Australia captain Tim Paine has been disappointed to see support staff lose their jobs as part of cost-cutting measures during the coronavirus crisis but says there is opportunity in the challenges brought on by the pandemic.
India's manufacturing output falls further in May, rate of job cuts accelerates: PMI survey
The country's manufacturing sector activity recorded another sharp deterioration in business conditions during May as new orders placed with producers continued to fall after April's record contraction, leading firms to cut jobs at the quickest pace on record, a monthly survey said on Monday
Coronavirus Outbreak Impact: Nissan to close Indonesia, Spain auto plants after sinking into red for first time in 11 years
Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the pandemic squashed global demand and disrupted production
Nissan Motor plans to close Barcelona factories, 3,000 jobs lost; Spain's govt urges carmaker to consider alternatives
Spain's government says that Japanese carmaker Nissan Motor Co. has decided to close its manufacturing plants in the northeastern Catalonia region, resulting in the loss of some 3,000 direct jobs
Uber cuts 600 jobs in India due to COVID-19; 'made the decision so that we can look to future with confidence', says country head
Uber announced it is laying-off a fourth of its total headcount of 2,400 in the country across customer and driver support, business development, legal, finance, policy and marketing verticals.
Nirmala Sitharaman says Centre has no more announcements to make; rules out any cut in income tax rates
Nirmala Sitharaman, who had over the last week announced an economic package to help revive the economy, said how the coronavirus and the lockdown has hurt revenues is yet to be completely assessed.
Coronavirus Lockdown: After Zomato, Swiggy sacks 1,100 employees as pandemic continues to hurt business
Joining arch rival Zomato, food delivery platform Swiggy on Monday announced to lay off 1,100 employees, nearly 14 per cent of its workforce, spanning across grades and functions in the cities and head office over the next few days as Covid-19 continues to hurt its business across verticals, IANS reported
Coronavirus Outbreak: One crore job cuts likely in textile industry without govt support, says CMAI
There could be as many as one crore job cuts in the textiles sector, which has been severely hit by the ongoing lockdown, if there is no support and revival package from the government, according to apparel industry body Clothing Manufacturers Association of India (CMAI)
Coronavirus Outbreak: Oyo starts furloughing in US, select markets to reduce costs; India to be unaffected till lockdown
Oyo can keep job cuts at bay through a combination of lowered work weeks, pay cuts, temporary leave of absence until business recovers and other such measures, he added.