Page 2 - Layoff

Nestlé to cut 16,000 jobs globally: New CEO pushes restructuring to revive growth

Nestlé, the world’s largest food and beverage company, has announced it will slash 16,000 jobs over the next two years.

Nestle plans to slash 16,000 jobs as new CEO speeds up turnaround

The reductions, which would amount to about 6 per cent of the workforce, will be made over the next two years, the maker of Nespresso coffee capsules and KitKat candy bars said

Another layoff: Amazon to cut jobs — here’s why | Private jobs | AI | Job cut

Amazon is reportedly planning to slash up to 15% of its human resources workforce as the tech giant invests heavily in artificial intelligence and cloud infrastructure.

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

Trump admin begins mass federal layoffs, escalating US govt shutdown fight

The administration plans to slash at least 4,100 workers from the government during the shutdown, according to newly filed court documents

TCS headcount falls below 6 lakh for the first time in years amid layoffs and restructuring

Tata Consultancy Services (TCS), India’s largest IT services firm, has seen its workforce shrink sharply in Q2FY26.

Winning with AI: It's not AI, but users of AI, who'll take your job

The authors' calm and confident approach makes AI seem less monstrous than it is made out to be

Trump blames Democrats for federal layoffs as govt shutdown enters day 6

Republican and Democratic lawmakers at an impasse on reopening the federal government provided few public signs Sunday of meaningful negotiations taking place to end what is about to be a six-day shutdown with President Donald Trump saying that layoffs are occurring. Asked on Sunday night when federal workers would be fired as he has threatened to do, Trump told reporters: It's taking place right now and it's all because of the Democrats. The Democrats are causing the loss of a lot of jobs, Trump added, declining to answer a question about which agencies are subject to the cuts. The possibility of layoffs would escalate an already tense situation in which Washington lawmakers have struggled to find common ground and build mutual trust. Leaders in both parties are betting that public sentiment has swung their way, putting pressure on the other side to cave. Democrats are insisting on renewing subsidies to cover health insurance costs for millions of households, while Trump wants to

Renault plans to cut 3,000 jobs under voluntary exit scheme: Report

The newsletter quoted a source familiar with the matter as saying that a final decision should be made by the end of the year

TCS offers severance pay of up to 2 yrs' salary amid workforce realignment

TCS is offering severance pay of up to two years' salary to long-serving staff whose skills no longer match company needs, as it realigns workforce

Google lays off woman on O-1 visa: What it is and how it differs from H-1B

US O-1 visa is a special non-immigrant visa provided to individuals exhibiting extraordinary ability. Eligibility requires meeting stringent criteria that establish national or international acclaim

Bosch to axe 13,000 jobs in Germany as Tesla, BYD gain; Trump tariffs bite

Bosch said the cuts were necessary due to weak demand, rising costs and intensifying competition in the global auto market

After cost-cutting blitz, Trump govt rehires hundreds of laid-off employees

Hundreds of federal employees who lost their jobs in Elon Musk's cost-cutting blitz are being asked to return to work. The General Services Administration has given the employees who managed government workspaces until the end of the week to accept or decline reinstatement, according to an internal memo obtained by The Associated Press. Those who accept must report for duty on Oct. 6 after what amounts to a seven-month paid vacation, during which time the GSA in some cases racked up high costs passed along to taxpayers to stay in dozens of properties whose leases it had slated for termination or were allowed to expire. Ultimately, the outcome was the agency was left broken and understaffed, said Chad Becker, a former GSA real estate official. They didn't have the people they needed to carry out basic functions. Becker, who represents owners with government leases at Arco Real Estate Solutions, said GSA has been in a triage mode for months. He said the sudden reversal of the ...

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

Gameskraft to cut 120 jobs amid gaming ban, ex-CFO siphoning case

The move comes shortly after the Centre enacted the Promotion and Regulation of Online Gaming Act, 2025, which bans real-money gaming and has forced Gameskraft to suspend its platforms

Over 200 Google AI raters laid off: Did they train their own replacement?

More than 200 contract "raters" working on Google's AI projects were laid off without warning, sparking concerns over job security, pay, and their role in training replacement systems

Elon Musk's xAI lays off 500 data annotators amid Grok chatbot shake-up

Elon Musk's xAI lays off at least 500 data annotators, the largest team working on its Grok chatbot, as the company shifts focus to specialist AI tutors and reorganises roles

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

ArcelorMittal South Africa job cuts likely to rise above 4,000: Report

The company has been reporting losses since 2023 and posted a half-year headline loss of 1.0 billion rand ($56 million) on persistently low sales volumes and low prices

Qantas fined $59 million for illegally sacking 1,800 staff during Covid

A judge on Monday fined Qantas Airways 90 million Australian dollars (USD 59 million) for illegally firing more than 1,800 ground staff at the start of the Covid-19 pandemic. The penalty is in addition to the AUD 120 million (USD 78 million) in compensation that Australia's biggest airline had already agreed to pay its former employees. Australian Federal Court Justice Michael Lee said the outsourcing of 1,820 baggage handler and cleaner jobs at Australian airports in late 2020 was the largest and most significant contravention of relevant Australian labour laws in their 120-year history. Qantas agreed in December last year to pay AUD 120 million (USD 78 million) in compensation to former staff after seven High Court judges unanimously rejected the Sydney-based airline's appeal against the judgment that outsourcing their jobs was illegal. The Transport Workers Union, which took the airline to court, had argued the airline should receive the largest fine available AUD 121,212,000 (