Page 3 - Job Cuts

Elon Musk renews firing threat after being obstructed by federal officials

The US agency that oversees federal employees said on Monday they could ignore a weekend email from Musk that required them to summarize their work or face losing their jobs

Pentagon says it will cut 5,400 probationary workers starting next week

The Defence Department has said that it's cutting 5,400 probationary workers starting next week and will put a hiring freeze in place. It comes after staffers from the Department of Government Efficiency, or DOGE, were at the Pentagon earlier in the week and received lists of such employees, US officials said Friday. They said those lists did not include uniformed military personnel, who are exempt. Probationary employees are generally those on the job for less than a year and who have yet to gain civil service protection. "We anticipate reducing the Department's civilian workforce by 5-8 per cent to produce efficiencies and refocus the Department on the President's priorities and restoring readiness in the force," Darin Selnick, who is acting undersecretary of defence for personnel and readiness, said in a statement. Probationary employees are generally those on the job for less than a year and who have yet to gain civil service protection. President Donald Trump's administration

Meta raises executive bonuses to 200% amid layoffs, cost-cutting measures

The announcement to raise bonuses comes just a week after Meta began laying off 5 per cent of its workforce, a move the company attributed to targeting underperforming employees

Trump can continue mass firings despite disruption and chaos: US judge

Unions are instead likely required to file complaints with the Federal Labor Relations Authority, which hears disputes between federal agencies and unions that represent their workers, the judge said

Trump, Musk target tax enforcers, scientists, bank regulators for job cuts

White House has not said how many people it plans to fire and has given no numbers on the mass layoffs

Chevron to cut 20% staff in long-awaited layoffs, CEO takes responsibility

Chevron's plan to cut as much as a fifth of its workforce - about 8,000 people - comes after oil prices traded in the $70-80 per barrel range for most of the past year

Southwest Airlines to cut 15% of corporate jobs, remove about 1,750 roles

Layoffs, to be completed substantially by the end of the second quarter, are estimated to net $210 million in savings this year and full-year savings of $300 million in 2026

Trump, Musk slash federal workforce as 9,500 govt employees laid off

Trump and Musk have cut 9,500 federal jobs as part of their effort to reduce bureaucracy. Led by Musk's DOGE, the move has sparked political backlash, legal challenges

US consumer watchdog CFPB broadens layoffs beyond probationary staff

Some staff discovered they had lost access to the agency's IT systems before receiving their termination letters, two of the sources said

Thousands fired in US govt as Donald Trump, Musk purge federal employees

Trump and Tesla CEO Musk's overhaul of the federal government appeared to be widening as Musk aides arrived for the first time at the federal tax-collecting agency

President Trump directs federal job cuts as Musk defends downsizing

Agencies will be permitted to hire no more than one employee for every four workers leaving the government, the document said

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