Page 7 - Layoff

Salesforce to cut 1,000 roles while hiring salespeople for AI products

More than 1,000 roles will be affected, according to the person, who asked not to be identified because the information is private. Displaced workers will be able to apply for other jobs internally

CNN announces 200 job cuts, $70 mn digital investment to revamp strategy

To counter traditional TV decline, CNN is launching a global streaming service, creating hundreds of new roles, with the first 100 positions to be filled by mid-2025

Microsoft confirms performance-based job cuts across key divisions

Microsoft's restructuring plans began in 2023 with 10,000 layoffs, followed by 1,900 more in its gaming unit after the $75.4 billion Activision Blizzard acquisition

Outlook 2025: Funding crash, layoffs shift edtech's focus on innovation

The ed-tech sector, however, was once referred to as the poster child of the country's startup landscape

Barclays fires 15 bankers, denies bonuses ahead of holidays; faces flak

The 15 professionals were among 50 employees let go last month by the UK-based bank, sparking legal threats as employees claim bonuses should be paid for work done

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

'Slap us if you want': YesMadam CEO apologises after stress survey backlash

In an eight-minute video shared on LinkedIn, YesMadam CEO Mayank Arya acknowledged that the campaign had been 'poorly communicated' but stood by its intent

YesMadam fires employees after stress survey, HR's email sparks outrage

Noida-based YesMadam has faced backlash after firing over 100 employees who reported high-stress levels in a recent survey. HR's email notifying terminations has gone viral, drawing criticism online

YesMadam's 'fired for stress' stunt explodes, company faces backlash

YesMadam's controversial 'fired for stress' campaign has sparked outrage on social media, with users calling it a cheap PR stunt

Agri-business giant Cargill reduces workforce by 5% to 'realign resources'

Agribusiness giant Cargill is laying off thousands of its employees. Cargill confirmed this week that it would be reducing its global workforce by about 5%. In a statement sent to The Associated Press on Tuesday, the food production company said that the cuts were part of a long-term strategy to strengthen Cargill's impact, which includes realigning resources. Minnesota-based Cargill did not immediately provide further specifics around the layoffs. But a 2024 annual report from the company noted that it had more than 160,000 employees worldwide, meaning the latest job cuts would be set to impact around 8,000 workers. As a privately-held company, Cargill doesn't regularly publish its finances publicly. A 2024 report from the company, however, notes that it operates in 70 countries and sells to 125 markets raking in some $160 billion in annual revenue. That's down from $177 billion in revenues seen the year prior. This week's layoff announcement arrives while much of the agricultura

Ola Electric may lay off 500 employees as part of restructuring exercise

The aim is to remove redundant roles, improve efficiency, increase margin and attain profitability, according to the sources

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 issues layoff notices to 400-plus workers as it begins drastic cuts

Boeing has delivered layoff notices to more than 400 members of its professional aerospace labour union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its Machinists union. The pink slips went out last week to members of the Society of Professional Engineering Employees in Aerospace, or SPEEA, The Seattle Times reported. The workers will remain on the payroll through mid-January. Boeing announced in October that it planned to cut 10 per cent of its workforce, about 17,000 jobs, in the coming months. CEO Kelly Ortberg told employees the company must "reset its workforce levels to align with our financial reality". The Society of Professional Engineering Employees in Aerospace, or SPEEA, union said the cuts had affected 438 members. The union's local chapter has 17,000 Boeing employees who are largely based in Washington, with some in Oregon, California and Utah. Of those 438 workers, 218

General Motors laying off nearly 1,000 workers worldwide, most in US

The layoffs come as car company is trying to reposition itself as a leader in electric vehicles and software, which are both costly. GM is aiming to cut $2 bn to $4 bn in losses on EVs next year

Booking.com may face layoffs in restructuring amid rising operational costs

Meanwhile, other brands under Booking Holdings - such as Priceline, Agoda, Kayak, and OpenTable - are not expected to be impacted

Deloitte, EY cut staff in UK amid decline in demand for advisory services

Deloitte recently laid off around 250 advisory staff members in the UK, while EY's annual report on Thursday revealed a reduction of 2,450 employees over the past fiscal year, a first in 14 years

Meta lays off employees across units at WhatsApp, Instagram, Reality Labs

These terminations are separate from the team restructurings and took place last week

After Boeing, Airbus to slash 2,500 jobs amid ongoing financial losses

These job cuts at Airbus, which represent around 7 per cent of its defence and space division's workforce, are expected to be implemented by mid-2026

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

Boeing to lay off 10% employees as workers' strike cripples production

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company's best-selling airline planes. New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will include executives, managers and employees. The company had already imposed rolling temporary furloughs, but Ortberg said those will be suspended because of the impending layoffs. The company will delay the rollout of a new plane, the 777X, to 2026 instead of 2025. It will also stop building the cargo version of its 767 jet in 2027 after finishing current orders. Boeing has lost more than $25 billion since the start of 2019. Union machinists have been on strike since Sept. 14. Two days of talks this week failed to produce a deal.