#job-cuts

#job-cuts

Citigroup plans to reduce 20,000 jobs by 2026 to save on costs.

The restructuring includes significant organizational simplification for improved decision-making.

Cargill is cutting 8,000 jobs to realign its workforce with a new strategic focus.

Nissan plans to cut 9,000 jobs and reduce global production to address severe financial challenges.

Meta is cutting 5% of its lowest performers to improve overall performance management, amidst broader investments in AI and efficiency.

TalkTalk is cutting hundreds of jobs to save £120 million as part of a major restructuring initiative. The aim is to restore financial health.

HSBC is restructuring its corporate division, requiring managers to reapply, potentially leading to significant job cuts.

The Post Office plans to close 115 unprofitable branches, impacting over 1000 jobs, to improve financial performance.

Northvolt is seeking urgent funding to stabilize operations after significant layoffs amidst challenging conditions in the European electric vehicle market.

Deloitte is cutting roles in its advisory division due to declining demand for consultancy services.

Amazon is cutting approximately 200 jobs in its Fashion and Fitness group as part of a restructuring effort.

Mulberry is restructuring due to a 19% revenue drop and significant job cuts to navigate challenging market conditions and restore profitability.

Meta plans to implement annual performance-based job cuts to enhance employee performance standards and manage workforce efficiency.

Meta plans to cut about 5% of its workforce, focusing on low performers to strengthen its teams for an anticipated intense year.

Meta will expedite the removal of low-performers and expects to backfill roles in 2025.

Meta plans to cut approximately 3,600 jobs, representing 5% of its workforce, focusing on low performers as part of a performance management overhaul.

Meta is cutting 5% of low-performers, using euphemistic language like 'non-regrettable attrition' to describe layoffs, reflecting a broader corporate trend.

Meta plans to cut 5% of its workforce to enhance performance management while hiring new employees to replace those let go.

BP is cutting 7,700 jobs as part of a strategy to simplify and enhance competitiveness.

BP is cutting 5% of its workforce to save at least $2 billion by 2026 and address shareholder concerns.

BP is reducing its workforce by cutting 4,700 jobs and 3,000 contractor roles as a cost-saving measure.

Ford is cutting 4,000 jobs in Europe by 2027 due to financial losses and regulatory challenges.

The company plans to adjust working hours at its Cologne plant as part of workforce reductions.

The hospitality sector faces tough choices due to a new national insurance tax, risking cuts to jobs and investment.

PageGroup's profits fell significantly due to a weakening jobs market in Europe, prompting job cuts and profit warnings.

Microsoft's upcoming job cuts will target underperforming employees as part of a broader trend in the tech industry.

Microsoft is implementing job cuts focused on underperforming employees while maintaining overall headcount through backfills.

Microsoft's recent job cuts affect underperforming employees, representing less than 1% of its total workforce.

The tech industry is experiencing significant layoffs in 2024 with over 130,000 job cuts, impacting innovation and job security.

Major companies like Tesla and Amazon are among those making substantial workforce reductions.

Tech industry continues to experience massive layoffs in 2024, with over 130,000 jobs cut across various companies.

Tech layoffs in 2024 continue with over 130,000 job cuts across 457 companies, impacting both large firms and startups.

The tech layoff wave led to over 150,000 job cuts in 2024, extending trends from 2022 and 2023.

The German automotive industry is facing a multi-faceted crisis, primarily due to job cuts and the transition to electric mobility.

The German economy is in recession, heavily impacted by the automotive industry's crisis and job cuts at major car manufacturers.

Volkswagen is closing at least three plants in Germany, leading to significant job losses as the company faces economic challenges.

IG Metall has called for labor strikes at Volkswagen plants due to failed job cut negotiations.

The UK government plans to reduce over 10,000 civil service jobs amid budget cuts and a push for increased efficiency.

Job cuts are deemed inevitable as part of a broader efficiency strategy to address an overgrown civil service.

Over 5,000 job cuts in the MoD aim for a 10% reduction in staff amidst cost-cutting measures.

Germany's upcoming snap election is critical for reviving its economy amid high energy prices and job losses.

Ford plans to cut 14% of its European workforce, facing backlash for job reductions in Cologne due to weak EV demand and stiff competition.

Thyssenkrupp Steel Europe plans substantial job cuts, notably affecting the Kreuztal-Eichen plant, leading to widespread employee distress and community ramifications.

UK retailers face a £7 billion cost increase risking job losses and higher consumer prices due to national living wage hikes and insurance contributions.

Over half of UK employers plan job cuts due to rising costs and economic uncertainty following national insurance increases.

Volkswagen plans factory closures in Germany, marking a historic change for the company amidst rising costs and competition, risking tens of thousands of jobs.

Germany's automotive industry is facing significant job cuts, highlighting economic challenges and the urgency for companies to adapt to market changes.

Volkswagen faces tough negotiations with unions over plant closures and layoffs amid a significant profit decline.

Volkswagen plans to close factories in Germany for the first time due to falling sales and increasing competition in the EV market.

Volkswagen plans to cut costs drastically by closing plants and reducing salaries, leading to potential job losses.

Management faces backlash for prioritizing profits over sustainability amid significant industry challenges.

Volkswagen is facing severe profitability issues and potential job cuts as it transitions to electric mobility amidst rising competition and operational challenges.

ThyssenKrupp is eliminating up to 11,000 jobs by 2030 to combat economic weakness and remain competitive in the steel market.

ArcelorMittal is closing two French plants due to sharp declines in activity from key customers, impacting employment.

Musk's efficiency commission seeks to cut government spending, impacting millions of federal jobs amidst rising concerns of instability.

Trump's new commission aims to eliminate federal agencies to cut government spending, impacting millions of federal employees.

HSBC is restructuring its corporate and institutional banking division, leading to potential job cuts and requiring managers to reapply for their positions.

Santander to cut over 1,400 jobs in the UK to reduce costs and automate operations.

AMD is laying off 4% of its workforce, approximately 1,000 employees, to focus on growth opportunities, particularly in AI.

Tech layoffs in 2024 are down significantly from 2023, despite notable cuts from major companies like Dropbox.

Dropbx reported significant layoffs due to softening demand and a complex organizational structure.

Gilead Sciences is reducing its workforce amid a strategic reallocation of resources for future product launches.

AMD is laying off about 4% of its workforce to focus on artificial intelligence markets.

Media brands are contemplating a return to X as it becomes intertwined with the Trump administration.

AMD is cutting jobs to enhance focus on artificial intelligence growth areas amid competitive pressure.

Polymarket faces FBI scrutiny for potential illegal betting activities following successful election predictions.

The Post Office is restructuring, risking 100+ branches and 1,000 jobs, to boost postmaster pay and improve operations after the Horizon scandal.

Asda is cutting 475 roles and mandating office attendance as part of a restructure to adapt to market challenges.

Boeing is raising $19bn to counter financial losses from a worker strike and ongoing safety issues.

The company reported a $6bn quarterly loss and is cutting 17,000 jobs.

Southwest Airlines is offering voluntary separation packages to manage overstaffing caused by aircraft delivery delays from Boeing.

Direct Line Group is reducing its workforce to save costs and improve operational efficiency.

Direct Line Group plans to cut 550 jobs to save costs amidst a turnaround strategy.

Nissan is officially in trouble, entering emergency recovery mode with drastic measures including job cuts and reduced production to improve efficiency.

Nissan is cutting 9,000 jobs and reducing production capacity by 20% to combat financial losses.

Nissan is cutting 9,000 jobs and slashing production capacity by 20% amid significant sales declines and a 90% drop in operating profit.