Layoffs

How a US startup fired its entire workforce over a 2-minute call

Proptech startup Frontdesk has reportedly sacked all its 200 employees over a virtual call. This is the first big mass layoff of 2024. Here’s what happened

Vantage | Argentina's Javier Milei makes bold moves to fix country's economy

Argentina's bold move to trim down its government workforce under President Milei reflects a global trend of governments resorting to layoffs during economic crises

Want to live the American Dream? Why the EB-5 visa is a better option than the H-1B

Amid the ‘Great Layoff Season’, several Indians are looking at seeking an EB-5 visa to continue their stay in the United States. In 2022, the number of desis choosing this programme rose by 75 per cent compared to 2019. What are the advantages of an EB-visa over the conventional H-1B option?

Why Wiener Zeitung, 320-year-old Austrian newspaper, is ending its daily print run

Following a decision by the Austrian parliament on Thursday, the Wiener Zeitung will now primarily publish online. The decision concludes a years-long dispute between the Austrian government and the newspaper over the future of the state-owned daily

British financial services firm EY to cut 3,000 jobs in US

The move comes after EY stopped its planned reorganisation, called "Project Everest," which aimed to accelerate growth and avoid conflicts of interest. The change was opposed by the firm's US branch

McDonald's closes US offices ahead of layoffs: WSJ

The Wall Street Journal cited an internal email from the Chicago fast-food giant saying US corporate staff and some employees overseas should work from home while the company notifies people of their job status

Richard Branson's Virgin Orbit cuts 85% of its workforce

Earlier this month Virgin Orbit said that it was pausing all operations amid reports of possible job cuts. In January, a mission by Virgin Orbit to launch the first satellites into orbit from Europe failed after a rocket’s upper stage prematurely shut down

Employer contacts man 4 years after firing him, demands he shares old passwords or they’ll sue him

What would you do if an old employer, calls you after firing you four years ago and demands you share a password you used ages ago? A Reddit user in a similar situation shared how he was threatened with a lawsuit when he couldn't remember the password.

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

Meta plans to cut thousands of jobs as soon as this week in fresh round of layoffs

Meta's mass layoffs in November that cut more than 11,000 jobs was among the biggest last year and the first in the company's history