Page 17 - Layoff
3M to cut 6,000 positions globally to focus on high-growth businesses
The move comes as consumers are cutting back on discretionary spending as a series of interest rate hikes over the past year to bring down stubbornly high inflation
 "3M to cut 6,000 positions globally to focus on high-growth businesses")
Tech investors focus on profits after layoffs; companies to highlight AI
The companies are likely to give updates on their AI efforts, a trend noticeable since last quarter when chief executives packed earnings calls with mentions of the technology
 "Tech investors focus on profits after layoffs; companies to highlight AI")
Lenovo begins laying off employees as PC business takes a beating: Report
According to a report in CRN, the job cuts at Levono are "part of a roughly $115 million cost-cutting plan"
 "Lenovo begins laying off employees as PC business takes a beating: Report")
Lyft, Deloitte announce to lay off employees amid global meltdown
According to reports, the layoffs at Uber rival may affect 30 per cent of its 4,000 employees
 "Lyft, Deloitte announce to lay off employees amid global meltdown")
Lyft plans job cuts, may hit 30% of employees as it struggles over profit
The Wall Street Journal earlier reported the cuts, adding that they could help Lyft slash 50% of its costs
 "Lyft plans job cuts, may hit 30% of employees as it struggles over profit")
News outlet 'Insider' to lay off 10% workforce including staff writers
The digital publication, however, denied that its experiments with AI chatbot ChatGPT for writing assignments is behind the job cut move, reports The Daily Beast
 "News outlet 'Insider' to lay off 10% workforce including staff writers")
Tiger Global-backed Koo lays off 30% of its workforce in a year
The micro-blogging website, however, says it is well capitalised at the moment after raising fresh funding recently
 "Tiger Global-backed Koo lays off 30% of its workforce in a year")
BuzzFeed to shut down its News division amid workforce reductions
BuzzFeed CEO said that he planned to engage with the News Guild union regarding the cost reduction plans and what that would mean for affected union members
 "BuzzFeed to shut down its News division amid workforce reductions")
Social media platform Koo laid off 30% of staff in recent months: Report
The spokesperson of the company said that dismissed employees will be supported by compensation packages, health benefits and aid in finding new jobs
Fresh layoffs begin at Meta globally, technical employees most hit
Meta (formerly Facebook) has kicked off a fresh round of layoffs, handing over pink slips to employees with technical backgrounds globally
 "Fresh layoffs begin at Meta globally, technical employees most hit")
Google hit leadership diversity goal 3 yrs ahead of schedule before layoffs
The company met its commitment of boosting leadership representation for underrepresented minorities by 30% in 2022, according to its annual diversity report
 "Google hit leadership diversity goal 3 yrs ahead of schedule before layoffs")
Disney poised to eliminate thousands of jobs next week to cut annual costs
As part of that effort, the company is paring its commitment to general entertainment, focusing more on franchise properties and well-recognized brands
 "Disney poised to eliminate thousands of jobs next week to cut annual costs")
Ernst & Young to slash 3,000 jobs in US due to 'overcapacity': Report
Joining the 'Big Four' consulting firms, global professional services provider Ernst & Young (EY) will slash around 3,000 jobs or 5 per cent of its workforce in the US, the media reported.
 "Ernst & Young to slash 3,000 jobs in US due to 'overcapacity': Report")
Nearly half of Indian workers don't plan to hop jobs as hiring slows
The findings showed that working from office emerged as the favoured work mode for current jobseekers, with 57 per cent preferring to work from office
 "Nearly half of Indian workers don't plan to hop jobs as hiring slows")
Top headlines: HDFC Bank recommends 1900% dividend, Sec 144 imposed in UP
Business Standard brings you top headlines at this hour
 "Top headlines: HDFC Bank recommends 1900% dividend, Sec 144 imposed in UP")
US retail giant Best Buy to lay off hundreds of employees amid inflation
"Employees in 'consultant' roles told they can reapply for other internal jobs or receive severance," the report said
 "US retail giant Best Buy to lay off hundreds of employees amid inflation")
Mass layoffs and absentee bosses create a morale crisis at Meta
"So many of the employees feel like they're in limbo right now," said Erin Sumner, a global director of human resources at DeleteMe, who was laid off from Facebook in November
 "Mass layoffs and absentee bosses create a morale crisis at Meta")
Grocery delivery app MilkRun to wind down business, lays off 400 employees
MilkRun in February had announced it would make 20 per cent of its then staff redundant, as part of a move to consolidate its delivery hubs
 "Grocery delivery app MilkRun to wind down business, lays off 400 employees")
Running Twitter 'quite painful', firing people 'not fun at all': Elon Musk
Musk said the legacy verified blue ticks on Twitter will be removed by next week
 "Running Twitter 'quite painful', firing people 'not fun at all': Elon Musk")
Parag Agrawal sues Elon Musk: everything about the Twitter story so far
Ex-CEO Parag Agrawal, Twitter's former general counsel Vijaya Gadde and Ned Segal, former chief financial officer were removed from their positions
 "Parag Agrawal sues Elon Musk: everything about the Twitter story so far")