Page 4 - Job Cut
Citigroup prepares for job cuts as it revamps top management structure
The moves will result in a number of job cuts, though the company doesn't yet have firm targets for how many employees will be affected
 "Citigroup prepares for job cuts as it revamps top management structure")
Barclays PLC to cut about 450 jobs in UK retail bank, says trade union
The bank is consulting over which roles will be cut, with the majority expected to be in head office roles, including at vice-president level
 "Barclays PLC to cut about 450 jobs in UK retail bank, says trade union")
National Geographic lays off last writers, will not be sold in US anymore
National Geographic layoffs: Job cuts by Disney, the publication's parent company, were the second over the past nine months
 "National Geographic lays off last writers, will not be sold in US anymore")
Wall Street job cuts likely to surpass 11K as CEOs unwind hiring binge
Only this week, Citigroup announced its plans to cull 5,000 jobs, mostly in investment banking and trading, by the end of the second quarter
 "Wall Street job cuts likely to surpass 11K as CEOs unwind hiring binge")
Third round of layoffs: Meta's senior India executives get pink slips
Directors of marketing, media partnerships among impacted
 "Third round of layoffs: Meta's senior India executives get pink slips")
First Citizens-owned Silicon Valley Bank to lays off about 500 employees
"It is increasingly clear that we must make decisions to right-size our scope and scale to remain competitive"
 "First Citizens-owned Silicon Valley Bank to lays off about 500 employees")
Layoffs coming: US telecom carrier Verizon warns customer service employees
The layoff warning as the company lost 127,000 postpaid subscribers in the first quarter this year
 "Layoffs coming: US telecom carrier Verizon warns customer service employees")
Money transfer service Zepz to lay off 420 employees, 26% of its workforce
Zepz said that it was implementing "workforce optimisation" to account for roles that had been duplicated following its combination of Sendwave with WorldRemit, according to the report
Vodafone to slash 11,000 jobs over next 3 yrs in new CEO's turnaround plan
Adjusted free cash flow, a closely watched metric, will drop by about 31% to €3.3 billion ($3.6 billion) in the fiscal year ending in March, following divestments
 "Vodafone to slash 11,000 jobs over next 3 yrs in new CEO's turnaround plan")
Akamai Tech lays off nearly 3% of global workforce impacting 300 workers
"This was a difficult decision, but it was necessary for us to prioritise investments in the areas with the greatest potential for future growth as we strive to deliver greater value for shareholders"
 "Akamai Tech lays off nearly 3% of global workforce impacting 300 workers")
Paramount Media Networks slashes 25% jobs, to also shut down MTV News
"Through the elimination of some units and by streamlining others, we will be able to reduce costs and create a more effective approach to our business as we move forward"
 "Paramount Media Networks slashes 25% jobs, to also shut down MTV News")
Chip-maker Intel confirms to cut further workforce to reduce costs
Intel said that it is working to accelerate its strategy while navigating a challenging macro-economic environment
 "Chip-maker Intel confirms to cut further workforce to reduce costs")
Vroom lays off 11% of workforce as part of 'organisational restructuring'
US-based online used-vehicle retailer Vroom has laid off 11 per cent of its workforce, or around 120 employees, across different departments and locations
 "Vroom lays off 11% of workforce as part of 'organisational restructuring'")
Software firm Amplitude lays off 99 employees, 13% of workforce globally
"Unfortunately, we are not immune to the headwinds being faced by our customers or to the macroeconomic environment at large"
Walt Disney begins job cuts with goal of eliminating 7,000 positions
The cuts are expected to fall on all parts of the company, including theme parks and the ESPN sports networks
 "Walt Disney begins job cuts with goal of eliminating 7,000 positions")
Apply for jobs, give interviews on tourist, biz visa in US: Federal agency
The move by the USCIS came as thousands of highly skilled foreign-born workers, including Indians, in the US, have lost their jobs due to a series of recent layoffs at companies like Google, Microsoft
 "Apply for jobs, give interviews on tourist, biz visa in US: Federal agency")
KPMG lays off 700 people in US, 1st among Big4 accounting firms to cut jobs
KPMG has announced that it is laying off 2 per cent of its workforce at its office in the United States with an aim to keep costs low as the economy slows
 "KPMG lays off 700 people in US, 1st among Big4 accounting firms to cut jobs")
Ford to cut 3,800 engineering, administration jobs in Europe in next 3 yrs
Around 2,300 jobs will go at the carmaker's Cologne and Aachen sites in Germany, 1,300 in the UK and 200 in the rest of Europe, the company said
 "Ford to cut 3,800 engineering, administration jobs in Europe in next 3 yrs")
Meta beats Street, announces $40-bn buyback; to sack some mid-level staff
'Year of efficiency', says Zuckerberg; shares surge over 20%. The stock has added $237 bn in market value since its November low
 "Meta beats Street, announces $40-bn buyback; to sack some mid-level staff")
Paypal to cut 2,000 jobs in push to trim costs amid economic slowdown
While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do: Dan Schulman
 "Paypal to cut 2,000 jobs in push to trim costs amid economic slowdown")
