Page 3 - Job Cuts

Trump orders USAID staff cut from 10,000 to 300, global aid in limbo

Trump's USAID overhaul slashes staff from 10,000 to 300, risking global aid as critics warn mass layoffs will disrupt life-saving programs worldwide

Why Walmart is cutting scores of jobs, relocating employees to main offices

Last year, Walmart instructed employees in Dallas, Atlanta, and Toronto to relocate to larger hubs, with most transitioning to the company's headquarters in Bentonville

Nissan plans job, output cuts at US assembly plants amid merger with Honda

Nissan has pledged to cut 9,000 jobs globally and reduce production capacity by 20 per cent

Wall Street expected to slash 200,000 jobs as AI encroaches human roles

Back office, middle office and operations are likely to be most at risk, according to Tomasz Noetzel, the BI senior analyst who wrote the report

Google layoffs: Sundar Pichai announced 10% job cuts in managerial roles

Google CEO Sundar Pichai has announced a 10 per cent reduction in managerial roles, aiming to improve efficiency in response to rising AI competition and economic challenges

Boeing lays off hundreds in Washington, California as part of planned cuts

Boeing has laid off hundreds of additional employees in Washington state and California as part of planned cuts that will eventually reduce the company's workforce by about 17,000. Nearly 400 Boeing employees were laid off in Washington state and more than 500 in California, news outlets reported Monday. The aerospace giant announced previously it would reduce its workforce by 10% in the coming months as it tries to recover from financial and regulatory troubles and a strike by its machinists that lasted almost two months. CEO Kelly Ortberg has said the strike did not cause the layoffs, which he said was the result of overstaffing. In November, the company started notifying workers who would be laid off. Notices filed with state employment agencies showed the first round of cuts impacted about 3,500 people around the country, The Seattle Times reported. Those cuts touched people in roles from engineers to recruiters to analysts and impacted Boeing's commercial, defense and global

Big tech's bloodbath: 150,000 jobs cut as market shifts shake industry

In 2024, nearly 150,000 workers across major tech companies, including Tesla, Intel, Microsoft, and Cisco, are facing layoffs as these giants restructure and adapt to challenging economic conditions

Thyssenkrupp to cut 11K jobs at steel division in major corporate shakeup

Germany's largest steelmaker, a division of Thyssenkrupp AG , is under pressure from cheaper Asian competitors, high power prices and a weakening global economy,

European companies cut jobs amidst difficult economy, weak demand

Companies across Europe are being forced to freeze hiring or cut jobs on difficult economy and persistent weak demand for many products

Musk, Ramaswamy share their blueprint for govt reforms including job cuts

Tesla owner billionaire Elon Musk and Indian American entrepreneur Vivek Ramaswamy in an op-ed provided an insight into their blueprint for an unprecedented government reform that includes mass federal job cuts and massive expense reduction. Following his stunning electoral victory, President-elect Donald Trump entrusted Musk, 53, and Ramaswamy, 39, with government reform by appointing them to head the newly created Department of Government Efficiency (DOGE). The two confidants of Trump wrote in an op-ed in The Wall Street Journal on Wednesday that they will serve as outside volunteers, assisting the Trump transition team in identifying and hiring a lean team of small-government crusaders, including some of the sharpest technical and legal minds in America. This team will work closely with the White House Office of Management and Budget in the new administration. The two of us will advise DOGE at every step to pursue three major kinds of reform: regulatory rescissions, administrati

Boeing to cut over 2,500 jobs in US amid global workforce reduction plans

Boeing said in a notice filed with Washington's Employment Security Department on Monday that it has so far laid off 2,199 workers in the state, among job cuts that will eventually total about 17,000 across the company. The aerospace giant announced in October that it planned to cut about 10 per cent of its workforce in the coming months as it struggles to recover from financial and regulatory troubles as well as a strike by its machinists that lasted nearly two months. The planned cuts include workers at Boeing facilities across the country, from Washington to Missouri to Arizona to South Carolina, The Seattle Times reported. They also appeared to impact workers in all three of Boeing's divisions -- commercial aeroplanes, defence and global services. Before the layoff notices were delivered last week, Boeing had 66,000 workers in Washington. Among the layoffs so far are notices that went out last week to more than 400 members of Boeing's professional aerospace labour union, the ..

Boeing to repay lost wages to furloughed employees, proceed with job cuts

Boeing on Monday won ratification of a contract giving its machinists a 38 per cent pay hike over four years and a $12,000 bonus, ending the strike

With seats slashed, Telangana faculty turn to delivery jobs to survive

Senior faculty members of engineering branches face layoffs and financial hardship as focus shifts to high-demand tech fields

PepsiCo closing 4 US bottling plants, cutting 400 jobs to streamline ops

PepsiCo said Wednesday it plans to close four US bottling plants and lay off nearly 400 workers as part of its efforts to streamline its operations. The company said the closures will impact 136 workers in Cincinnati; 131 in Chicago; 127 in Harrisburg, Pennsylvania; and fewer than 50 in Atlanta. The Chicago plant is the only one that will fully close. PepsiCo confirmed that closure earlier this week. The company said sales, delivery and warehouse functions will continue at the other three locations. Earlier this month, PepsiCo lowered its sales forecast for the year as consumers in the US, China and elsewhere pulled back on buying its drinks and snacks after years of price hikes. PepsiCo's North American beverage sales fell 3 per cent in both the second and third quarters of this year. PepsiCo's net income fell 5 per cent to USD 2.9 billion in the July-September period. The company has repeatedly said it is sharply focused on efficiency and productivity gains. PepsiCo, which is ba

McKinsey to cut 500 jobs in China, reducing ties with govt-linked clients

McKinsey's employee restructuring is aimed at separating its China unit from its global operations amid political pressure in the US over its work in Saudi Arabia and China

China's top private firms slash 300,000 jobs despite revenue growth in 2023

China's private economy contributes over half of the country's tax revenues, more than 60 per cent of its gross domestic product, and employs over 80 per cent of urban workers

PwC US to cut 1,800 jobs over restructuring, its first layoffs in 15 years

PwC's US unit will lay off around 1,800 workers, its first formal job cuts since 2009, as part of a restructuring process amid decreased demand for certain services, its US leader, Paul Griggs said

Goldman Sachs to lay off up to 1,800 employees amid annual review process

Goldman Sachs' annual review process has historically resulted in workforce reductions of 2 to 7%, depending on financial performance and market conditions

Apple cuts 100 jobs in digital services group as priorities shift

The layoffs included some engineering roles, and the biggest cuts were made to the team responsible for the Apple Books app and Apple Bookstore

Mastercard plans to cut 3% of staff worldwide before Sept 30 amid overhaul

That would work out to about 1,000 people, based on its reported employee count at the end of last year