Job Cut

Verizon weighs up to 20,000 layoffs as new CEO Dan Schulman takes charge

Verizon has about 100,000 employees. The planned cuts are part of an aggressive strategy that Schulman recently unveiled to reclaim market share

Bajaj Auto plans KTM turnaround with India production shift, job cuts

Bajaj Auto, which is set to take majority control of KTM AG, is looking at various options, including moving more production to India and job cuts as part of plans to reduce costs at the financially troubled Austrian bike maker, a senior company official said on Friday. The Pune-based two and three-wheeler maker is expected to get required regulatory approvals and gain majority control over KTM AG by mid-November, Bajaj Auto Executive Director Rakesh Sharma told reporters in a Q2 earnings call. "We have made an application for taking majority control over KTM AG, and we have submitted our application. There are some nine approvals which are needed from various commissions in Europe, and eight of them have been secured," he said. He further said, "The ninth one should also be through, hopefully by mid-November, which is when the turnaround can start, to be very actively led and directed by us." Responding to a query on whether it made sense for KTM to continue manufacturing operatio

US job cuts hit two-decade October high as AI and costs reshape firms

Companies announced 153,074 job cuts last month, almost triple the number during the same month last year and driven by the technology and warehousing sectors

Nestle plans to slash 16,000 jobs as new CEO speeds up turnaround

The reductions, which would amount to about 6 per cent of the workforce, will be made over the next two years, the maker of Nespresso coffee capsules and KitKat candy bars said

Renault plans to cut 3,000 jobs under voluntary exit scheme: Report

The newsletter quoted a source familiar with the matter as saying that a final decision should be made by the end of the year

Bosch to axe 13,000 jobs in Germany as Tesla, BYD gain; Trump tariffs bite

Bosch said the cuts were necessary due to weak demand, rising costs and intensifying competition in the global auto market

Over 200 Google AI raters laid off: Did they train their own replacement?

More than 200 contract "raters" working on Google's AI projects were laid off without warning, sparking concerns over job security, pay, and their role in training replacement systems

Tata Motors-owned Jaguar Land Rover to cut several managerial roles in UK

Tata Motors-owned Jaguar Land Rover (JLR) on Thursday confirmed plans to cut hundreds of managerial roles as part of a "limited" voluntary redundancy programme, which it says is aimed at better aligning its leadership workforce with the luxury car brand's business strategy. The UK-based car manufacturer, which has been under pressure from US President Donald Trump's tariff wars, welcomed the recent trade deal that eases some pressure on its automotive exports to the American market. However, the latest figures released last week had revealed a drop in sales in the April to June quarter which had witnessed a temporary pause in shipments to the US amid high tariffs of 25 per cent on cars. "JLR regularly offers eligible employees voluntary redundancy (VR) programmes, a JLR spokesperson said. "Through this limited UK VR programme for managers, JLR is aligning its leadership workforce for the business's current and future needs. We are grateful to the government for delivering at speed

Smart companies will hire more engineers, says GitHub CEO on AI jobs impact

GitHub CEO Thomas Dohmke's remarks come at a time when tech giants have laid off over 100,000 employees since the start of 2025, citing slow growth, rising costs, and a shift towards AI and automation

Automation will replace white-collar jobs; manual trades safe: Father of AI

Geoffrey Hinton said for mundane intellectual labour, AI is just going to replace everybody

UN seeks 20% cut in staff to help deal with critical funding crunch

More than 60 United Nations offices, agencies and operations have been ordered to submit proposals by mid-June to cut 20 per cent of their staff, as part of a major reform effort to consolidate operations in the face of a critical funding crunch. The cuts affect about 14,000 posts covered by the regular budget, or about 2,800 posts, UN spokesman Stephane Dujarric told reporters on Friday. These include staff in the UN's political and humanitarian offices, and its agencies helping refugees, promoting gender equality and dealing with international trade, the environment and cities. The UN agency supporting Palestinian refugees, UNRWA, is also on the list. UN Controller Chandramouli Ramanathan said in a memo to the affected agencies that the staff cuts are part of Secretary-General Antonio Guterres' goal of achieving a reduction of between 15 per cent and 20 per cent in the UN's current budget of USD 3.72 billion. The cuts are part of the UN80 reform initiative launched by Guterres i

Westpac Banking Corp to axe over 1,500 jobs in biggest shake-up in a decade

Westpac Banking Corp's plan to cut jobs is part of a broader overhaul under its internal strategy, 'Unite', which aims to streamline operations and modernise technology

Burberry to cut 1/5 of its workforce globally as profits plunge, costs rise

Burberry will cut 1,700 jobs worldwide by 2027 including its entire night shift in Castleford after a £66 million loss forces the luxury brand to intensify cost-cutting efforts

Why Moet Hennessy is slashing jobs and retreating from retail bets

Job cuts, failed acquisitions and aggressive pricing have left LVMH's spirits division in turmoil, as new leadership scrambles to stabilise performance and regain retailer confidence

Microsoft to cut 3% of global workforce amid AI investment focus: Report

Microsoft did not immediately respond to a Reuters request for comment. The company's stock was slightly lower in morning trading

Nissan to cut over 10K more jobs globally amid deepening financial woes

It is set to announce on Tuesday results for the business year that ended in March. It warned last month it would likely book a record 700 billion yen to 750 billion yen

Panasonic to cut 10,000 jobs globally as profits fall, demand weakens

Panasonic will slash its global workforce by 10,000 people, half in Japan and half overseas, to become a more efficient, lean company, the Japanese manufacturer said Friday. The job cuts, amounting to about 4% of its 230,000 workers, will include early retirement offers in Japan and closures and consolidation of various operations, according to the Osaka-based maker of home appliances, such as washing machines and refrigerators. Panasonic also makes solar panels, delivery robots, facial recognition technology, fuel cells for homes and EV batteries for Tesla cars. Also Friday, Panasonic reported a 17.5% drop in profit for the fiscal year through March at 366 billion yen ($2.5 billion), down from 443 billion yen in the previous fiscal year. It sales totaled 8.46 trillion yen ($58 billion), down 0.5% year-on-year. The company said the slowing global economy and weaker demand for electric vehicles were a factor behind its weak results. But sales of air-conditioners and consumer ...

UPS to cut 20,000 jobs on lower Amazon shipments; profit beats estimates

The company last year said it cut its workforce by 12,000 jobs. It expects expenses between $400 million to $600 million during 2025

US Energy Dept flags thousands of nonessential jobs for possible DOGE cuts

The Energy Department has identified thousands of federal workers it deems "nonessential and would not be protected if there is another round of large-scale firings, according to a document obtained by The Associated Press. The jobs at risk include more than 8,500 positions across the Energy Department and the National Nuclear Security Administration -- which upgrades and maintains the nation's nuclear warheads. The department identified them as eligible to be cut to meet the goals of President Donald Trump's executive order for mass reductions in federal employees. It was not clear if every position identified as nonessential would be eliminated. All federal agencies had until March 13 to identify what departments and positions could be consolidated in a planning process to streamline the agencies and ready them for potential large scale reductions in force, Trump's February 26 order directed. Asked if large-scale firings are coming, the Energy Department, through spokesperson Ben

Meta's content moderation contractor to cut 2,000 jobs in Barcelona

A Meta spokesperson said the company has moved the services that were being performed from Barcelona to other locations and the company is not reducing its content review efforts