Job Cuts

Omnicom to cut 4,000 jobs after IPG merger; iconic ad agencies to shut

Omnicom will cut over 4,000 jobs and close several well-known agency brands after its $13 billion takeover of IPG, as the company restructures to reduce costs and compete with big tech

HP planning to lay off 4,000 to 6,000 employees by FY28, boosts AI efforts

The teams that are expected to be impacted will include those focused on product development, internal operations, and customer support, its CEO Enrique Lores said during a media briefing call

Did Amazon lay off 14,000 due to cost-cutting and AI? Here's what CEO said

Amazon CEO Andy Jassy in the company's quarterly earnings call on Thursday clarified the reason behind the recent job cuts

Amazon's automation drive could reshape global logistics and workforce

The company has responded to the news report with a statement that these are projections made by only one division (its robotics division) and they are not necessarily correct

Amazon to cut 30,000 corporate jobs starting Tuesday, largest since 2022

Amazon will lay off around 30,000 corporate employees this week, its largest job cut since 2023, as CEO Andy Jassy pushes cost control, AI-driven efficiency, and leaner operations

Amazon may lay off 15% of HR roles, others in fresh round of job cuts

Amazon's human resources division, known as PXT or the People eXperience Technology team, which has over 10,000 staff globally, will be impacted the most, along with other core consumer businesses

Vance warns of 'deeper' cuts for federal workers as shutdown enters day 12

Vice President JD Vance on Sunday said there will be deeper cuts to the federal workforce the longer the government shutdown goes on, adding to the uncertainty facing hundreds of thousands who are already furloughed without pay amid the stubborn stalemate in Congress. Vance warned that as the federal shutdown entered its 12th day, the new cuts would be painful," even as he said the Trump administration worked to ensure that the military is paid this week and some services would be preserved for low-income Americans, including food assistance. Still, hundreds of thousands of government workers have been furloughed in recent days and, in a court filing on Friday, the Office of Management and Budget said well over 4,000 federal employees would soon be fired in conjunction with the shutdown. The longer this goes on, the deeper the cuts are going to be, Vance said on Fox News' Sunday Morning Futures. To be clear, some of these cuts are going to be painful. This is not a situation that we

SoftBank to trim Vision Fund team by 20% to focus on Son's AI projects

SoftBank will cut nearly 20 per cent of Vision Fund staff worldwide as it shifts focus to AI projects like the $500 billion Stargate plan, investing heavily in chips, data centres and OpenAI

Ozempic maker Novo Nordisk to cut 9,000 job to save $1.3 billion annually

Novo Nordisk will cut 11.5 per cent of its workforce to save costs and streamline operations as competition rises and sales of Wegovy and Ozempic slow, especially in the US market

Amazon cuts hundreds of AWS jobs amid shift towards generative AI tools

Amazon has laid off hundreds of employees in its AWS cloud division as part of a wider shift towards AI-driven automation, despite strong March-quarter growth in sales and operating income

Walmart to cut hundreds of store-support, training roles in latest revamp

The company cut corporate jobs earlier this year and asked other workers to relocate to its headquarters in Bentonville, Arkansas, or to Sunnyvale, California

Wells Fargo slashes about 400 jobs in 2 months in India; more may follow

Wells Fargo had three centres in India with Bengaluru, Hyderabad, and Chennai till last year, employing about 37,000 people

US State Department lays off over 1,300 employees under Trump admin's plan

The US State Department fired more than 1,300 employees on Friday in line with a dramatic reorganization plan from the Trump administration that critics say will damage America's global leadership and efforts to counter threats abroad. The department sent layoff notices to 1,107 civil servants and 246 foreign service officers with assignments in the United States, according to a senior department official who spoke on the condition of anonymity to discuss personnel matters. Notices said positions were being abolished and the employees would lose access to State Department headquarters in Washington and their email and shared drives by 5 p.m., according to a copy obtained by The Associated Press. As employees packed their belongings, dozens of former colleagues, ambassadors, members of Congress and others spent a warm, humid day protesting outside. Holding signs saying, Thank you to America's diplomats and We all deserve better, they mourned the institutional loss from the cuts and .

Microsoft to cut 9,000 jobs companywide in second wave of layoffs this year

US units were expected to be told later Wednesday how many jobs would be cut at each office. Microsoft's gaming division had about 20,000 employees as of January 2024

Microsoft planning thousands more job cuts in sales amid focus on AI

The cuts are expected to be announced early next month, following the end of Microsoft's fiscal year

Amazon lays off employees in Books division as part of cost-cutting plan

Amazon has laid off 100 employees from its Books division, including Goodreads and Kindle teams, as part of a broader restructuring effort to streamline operations and boost efficiency

Procter & Gamble to cut 7,000 jobs in global office workforce over 2 years

The job cuts are part of P&G's reorganisation to create broader roles and smaller teams, aiming to improve efficiency - not just reduce costs, the company said

Citigroup to cut 3,500 jobs at China tech centres amid global revamp

The reduction of staff at the China Citi Solution Centres in Shanghai and Dalian is expected to be completed by the start of the fourth quarter this year

Walmart slashes 1,500 jobs in technology team amid reorganisation push

Walmart's plan will affect teams in its global operations, e-commerce fulfilment in US stores and its advertising business. It is the largest US private employer with about 1.6 million employees

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