Page 20 - Layoff

Microsoft's 3rd layoff round hits employees in supply chain, Cloud, IoT biz

Microsoft has conducted a third round of job cuts that impacted employees in roles related to supply chain, Artificial Intelligence (AI) and Internet of Things (IoT)

Facebook parent Meta plans additional layoffs over several rounds: Report

Meta Platforms, the parent company of Facebook is planning additional job cuts over several rounds in the next few months, according to media reports, reported The Wall Street Journal (WSJ)

Ford Motor Co to cut 1,100 jobs in Spain after other European layoffs

Ford Motor Co. announced Friday that it will cut around 1,100 jobs at its plant in the eastern Spanish city of Valencia. The cuts are in addition to the 2,300 layoffs largely in Germany and the U.K. that the automaker announced last month as part of a leaner, more competitive cost structure in Europe. Ford Spain said in a statement that it notified unions on Friday of what it said was a profound restructuring of its operations, which comes even as Ford champions the Valencia plant as its preferred site to assemble next-generation electric vehicles on the continent. The plant is Ford's only such facility in Spain and employed 5,400 people. Ford has said its strategy to offer an all-electric fleet in Europe by 2035 has not changed and that production of its first European-built electric car is due to start later this year. The cuts were mainly due to the already announced discontinuing production of the S-Max and Galaxy models in April 2023, Ford Spain said in an email. In January,

89% companies hired foreign nationals laid off in US, finds survey

The finding of the survey indicate that many companies benefited by recruiting foreign talent that faced layoffs

Meta Platforms planning to lay off thousands more as early as this week

The imminent round of cuts is being driven by financial targets and is separate from the "flattening," said the people, who asked not to be identified

LIVE: Death toll due to explosion at building in Dhaka rises to 15

Catch all the latest updates from across the globe here

upGrad subsidiary 'Campus' lays off 30% workforce due to lack of VC funding

According to leading startup covering portal Entrackr, citing sources, a lack of VC funding has caused layoffs in the startup ecosystem, affecting especially late-stage organisations

63% of tech professionals started their own firm post-layoff: Report

About 93 per cent of workers say they are now competing with the company that let them go

'We can't pay you more', small tech firms tell laid-off Big tech employees

As lakhs of Big Tech employees make a beeline to secure a job as soon as possible, smaller tech firms are hiring the talented laid-off workers albeit with a caveat: We can't pay you any more

Twitter no longer able to protect users from trolls as layoffs continue

The BBC investigation also revealed that child sexual exploitation is on the rise on Twitter and not being sufficiently raised with the law enforcement agencies as it used to be earlier

Automaker General Motors lays off 500 workers to cut costs: Report

Automaker General Motors is laying off hundreds of workers as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits, the media reported

Layoffs hit Nike, impacted workers share personal experience on LinkedIn

The employees posted on LinkedIn after Nike announced the resignation of Ratnakar Lavu, the top technology executive at the company

Fraudsters hit LinkedIn with recruitment scam wave amid layoffs: Report

The platform has sought to block tens of millions of fake accounts in recent months, as regulators warn of a spike in job-related frauds

Twitter sacks product manager Esther Crawford in another round of layoffs

Crawford led various projects at Twitter, including the company's Blue with verification subscription and its forthcoming payments platform

Twitter lays off 200 employees, nearly 10% of current workforce: Report

The layoffs on Saturday night impacted product managers, data scientists and engineers who worked on machine learning and site reliability, which helps keep Twitter's various features online

BASF to cut 2,600 jobs as firm adjusts to future without cheap Russian gas

Europe's competitiveness is increasingly suffering from overregulation, slow and bureaucratic permitting processes, and in particular, high costs for most production input factors

Meta may lay off another 11K or so employees in March, says report

Meta (formerly Facebook) is set for another big round of layoffs -- similar to the one it announced in November last year -- as early as next month once the performance bonuses are paid out

Facebook-parent Meta planning more layoffs, to impact thousands: Report

Last year, the social media giant said it will let go of 13% of its workforce, or more than 11,000 employees, as it grappled with soaring costs and a weak advertising market

McKinsey plans to cut about 2K jobs in one of its biggest rounds of layoffs

The plan is expected to be finalized in the coming weeks, and the final number of roles to be eliminated from its 45,000 workforce could still change

Nation needs to embrace compassionate capitalism: Narayana Murthy

Touching upon the issue of layoffs, Murthy said that it seems to have become a worldwide phenomenon as several companies are indulging in it