#workforce-reduction

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#layoffs

Meta Layoffs Include Instagram, WhatsApp, Threads, Reality Labs | Entrepreneur

Meta is laying off employees across multiple divisions as part of its realignment strategy.
Layoffs follow a series of previous cutbacks in response to significant financial losses.

Meta reorganized some of its biggest businesses and eliminated some roles

Meta reorganized units to enhance efficiency, impacting roles at Instagram, Reality Labs, and WhatsApp.

Cargill is laying off thousands of workers

Cargill is laying off about 8,000 employees to strengthen its impact and realign resources amid declining agricultural commodity prices.

Bay Area tech giant Cisco announces $10.3B yearly profit, thousands of layoffs

Cisco is laying off 7% of its workforce to invest in growth opportunities and improve efficiency amidst a trend in the tech industry.

GM axes 1,000+ jobs, majority in US

GM is downsizing its workforce in the software division, focusing on strategic priorities and efficiency.

Boeing lays off hundreds in California and Washington as part of cuts announced previously

Boeing plans to cut around 17,000 jobs to align workforce with financial challenges and overstaffing issues.

Meta Layoffs Include Instagram, WhatsApp, Threads, Reality Labs | Entrepreneur

Meta is laying off employees across multiple divisions as part of its realignment strategy.
Layoffs follow a series of previous cutbacks in response to significant financial losses.

Meta reorganized some of its biggest businesses and eliminated some roles

Meta reorganized units to enhance efficiency, impacting roles at Instagram, Reality Labs, and WhatsApp.

Cargill is laying off thousands of workers

Cargill is laying off about 8,000 employees to strengthen its impact and realign resources amid declining agricultural commodity prices.

Bay Area tech giant Cisco announces $10.3B yearly profit, thousands of layoffs

Cisco is laying off 7% of its workforce to invest in growth opportunities and improve efficiency amidst a trend in the tech industry.

GM axes 1,000+ jobs, majority in US

GM is downsizing its workforce in the software division, focusing on strategic priorities and efficiency.

Boeing lays off hundreds in California and Washington as part of cuts announced previously

Boeing plans to cut around 17,000 jobs to align workforce with financial challenges and overstaffing issues.
morelayoffs
#klarna

Klarna CEO Aims to Cut Half of Workforce, Give AI the Work | Entrepreneur

AI is set to replace nearly half of Klarna's workforce, reducing employee numbers from 3,800 to 2,000.

CEO Says He Hasn't Hired Anyone in a Year as He Replaces Human Workers With AI

Klarna's CEO highlights the company's shift towards AI, resulting in reduced human workforce and increased efficiency.

Klarna models the future of work as headcount shrinks for AI

Klarna's CEO forecasts significant workforce reduction due to successful AI implementation, performing the work of hundreds of employees more efficiently.

Klarna Replaces Workers With AI With Hiring Freeze, Pay Bump | Entrepreneur

Klarna is enhancing employee salaries tied to productivity improvements from AI, despite a significant workforce reduction over the past year.

Klarna has 1,800 employees it hopes AI will render obsolete

Klarna plans to reduce its workforce to 2,000 employees, leveraging AI to maintain productivity and efficiency.

Klarna only needs half its staff, because AI lets the buy-now-pay-later company 'do much more with less'

Klarna's CEO plans to halve the workforce, leveraging AI for efficiency and cost-cutting as the company prepares for an IPO.

Klarna CEO Aims to Cut Half of Workforce, Give AI the Work | Entrepreneur

AI is set to replace nearly half of Klarna's workforce, reducing employee numbers from 3,800 to 2,000.

CEO Says He Hasn't Hired Anyone in a Year as He Replaces Human Workers With AI

Klarna's CEO highlights the company's shift towards AI, resulting in reduced human workforce and increased efficiency.

Klarna models the future of work as headcount shrinks for AI

Klarna's CEO forecasts significant workforce reduction due to successful AI implementation, performing the work of hundreds of employees more efficiently.

Klarna Replaces Workers With AI With Hiring Freeze, Pay Bump | Entrepreneur

Klarna is enhancing employee salaries tied to productivity improvements from AI, despite a significant workforce reduction over the past year.

Klarna has 1,800 employees it hopes AI will render obsolete

Klarna plans to reduce its workforce to 2,000 employees, leveraging AI to maintain productivity and efficiency.

Klarna only needs half its staff, because AI lets the buy-now-pay-later company 'do much more with less'

Klarna's CEO plans to halve the workforce, leveraging AI for efficiency and cost-cutting as the company prepares for an IPO.
moreklarna

GOP Seizes on Musk Plan to Force Federal Workers Back to Office

Republican lawmakers focus on ending federal telework as a key strategy for workforce reduction and office attendance post-pandemic.
#tech-layoffs

Tech sector layoffs mount amid AI investment frenzy | Computer Weekly

Tech companies are laying off employees to finance AI initiatives, indicating a major shift in industry focus towards artificial intelligence.

A comprehensive list of 2024 tech layoffs | TechCrunch

The tech industry continues to experience substantial layoffs in 2024, impacting both large and small companies.

A comprehensive list of 2024 tech layoffs | TechCrunch

Tech layoffs in 2024 continue with 60,000 job cuts across 254 companies, reflecting ongoing economic challenges and shifts towards automation.

A comprehensive list of 2024 tech layoffs | TechCrunch

The ongoing wave of tech layoffs in 2024 is significant, extending the trend from previous years.
Large companies and startups alike are making substantial workforce cuts, affecting innovation and employment.
The embrace of AI and automation may exacerbate layoffs in industries previously seen as stable.

A comprehensive list of 2024 tech layoffs | TechCrunch

Tech layoffs in 2024 exceed 130,000 jobs across 457 companies, signaling an ongoing industry contraction and shift toward automation.

A comprehensive list of 2024 tech layoffs | TechCrunch

Tech layoffs continue into 2024, with over 130,000 job cuts impacting major companies and startups.
The ongoing adoption of AI and automation is reshaping job security and workforce dynamics in the tech industry.

Tech sector layoffs mount amid AI investment frenzy | Computer Weekly

Tech companies are laying off employees to finance AI initiatives, indicating a major shift in industry focus towards artificial intelligence.

A comprehensive list of 2024 tech layoffs | TechCrunch

The tech industry continues to experience substantial layoffs in 2024, impacting both large and small companies.

A comprehensive list of 2024 tech layoffs | TechCrunch

Tech layoffs in 2024 continue with 60,000 job cuts across 254 companies, reflecting ongoing economic challenges and shifts towards automation.

A comprehensive list of 2024 tech layoffs | TechCrunch

The ongoing wave of tech layoffs in 2024 is significant, extending the trend from previous years.
Large companies and startups alike are making substantial workforce cuts, affecting innovation and employment.
The embrace of AI and automation may exacerbate layoffs in industries previously seen as stable.

A comprehensive list of 2024 tech layoffs | TechCrunch

Tech layoffs in 2024 exceed 130,000 jobs across 457 companies, signaling an ongoing industry contraction and shift toward automation.

A comprehensive list of 2024 tech layoffs | TechCrunch

Tech layoffs continue into 2024, with over 130,000 job cuts impacting major companies and startups.
The ongoing adoption of AI and automation is reshaping job security and workforce dynamics in the tech industry.
moretech-layoffs
#corporate-restructuring

Cargill plans to slash roughly 8,000 jobs globally | CBC News

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

Boeing Will Cut 17,000 Jobs in Bid to Slash Costs

Boeing plans to cut 10% of its workforce, totaling around 17,000 jobs, to improve operations and cut costs amid ongoing production issues.

Edelman cuts 5% of global workforce amid restructuring

Edelman is restructuring to streamline global PR services amid economic challenges, impacting over 330 employees and closing several boutique agencies.

Genetic testing firm 23andMe cuts 40% of its workforce amid financial struggles

23andMe is cutting 40% of its workforce and halting therapy development to focus on consumer services after a significant data breach.

Read the Walmart memo ordering remote employees to relocate

Walmart is slashing corporate positions and asking remote workers to relocate to central hubs while some employees can work remotely part-time.

Cargill plans to slash roughly 8,000 jobs globally | CBC News

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

Boeing Will Cut 17,000 Jobs in Bid to Slash Costs

Boeing plans to cut 10% of its workforce, totaling around 17,000 jobs, to improve operations and cut costs amid ongoing production issues.

Edelman cuts 5% of global workforce amid restructuring

Edelman is restructuring to streamline global PR services amid economic challenges, impacting over 330 employees and closing several boutique agencies.

Genetic testing firm 23andMe cuts 40% of its workforce amid financial struggles

23andMe is cutting 40% of its workforce and halting therapy development to focus on consumer services after a significant data breach.

Read the Walmart memo ordering remote employees to relocate

Walmart is slashing corporate positions and asking remote workers to relocate to central hubs while some employees can work remotely part-time.
morecorporate-restructuring
#financial-challenges

Sweden's Northvolt cuts 1,600 amid EV slowdown

Northvolt is reducing workforce and pausing expansion to manage financial challenges.

Boeing to cut workforce by 10% as strike eats into reserves

Boeing plans to cut around 10% of its workforce due to ongoing strikes and financial difficulties.

Quebec's Lion Electric temporarily lays off more than half of remaining workforce | CBC News

Lion Electric is laying off 400 more employees, halving its workforce to approximately 300, while pursuing financial restructuring.

San Jose-based solar-power firm cutting 1,000 workers

SunPower will reduce its workforce by more than 25% due to the rooftop solar industry's prolonged slump.

Sweden's Northvolt cuts 1,600 amid EV slowdown

Northvolt is reducing workforce and pausing expansion to manage financial challenges.

Boeing to cut workforce by 10% as strike eats into reserves

Boeing plans to cut around 10% of its workforce due to ongoing strikes and financial difficulties.

Quebec's Lion Electric temporarily lays off more than half of remaining workforce | CBC News

Lion Electric is laying off 400 more employees, halving its workforce to approximately 300, while pursuing financial restructuring.

San Jose-based solar-power firm cutting 1,000 workers

SunPower will reduce its workforce by more than 25% due to the rooftop solar industry's prolonged slump.
morefinancial-challenges
#job-cuts

Boeing starts sending out its 2,199 layoff notices in Washington, the state where it was founded

Boeing is cutting nearly 2,200 jobs in Washington as part of a workforce reduction strategy amidst ongoing production and operational challenges.

German steel giant ThyssenKrupp to slash 11,000 jobs DW 11/25/2024

ThyssenKrupp Steel Europe will cut its workforce from 27,000 to 16,000 over six years.

Associated Press to cut 8% of staff through layoffs and buyouts

AP plans to cut 8% of workforce to adapt to changes in the media landscape and focus on digital operations.

5 Effective Marketing Tips For Professionals Who Just Got Laid Off

Planned job cuts increased by 15% since February 2023, reaching 89,703.
Job losses in 2023 have increased by 396% compared to the same time last year.

Boeing starts sending out its 2,199 layoff notices in Washington, the state where it was founded

Boeing is cutting nearly 2,200 jobs in Washington as part of a workforce reduction strategy amidst ongoing production and operational challenges.

German steel giant ThyssenKrupp to slash 11,000 jobs DW 11/25/2024

ThyssenKrupp Steel Europe will cut its workforce from 27,000 to 16,000 over six years.

Associated Press to cut 8% of staff through layoffs and buyouts

AP plans to cut 8% of workforce to adapt to changes in the media landscape and focus on digital operations.

5 Effective Marketing Tips For Professionals Who Just Got Laid Off

Planned job cuts increased by 15% since February 2023, reaching 89,703.
Job losses in 2023 have increased by 396% compared to the same time last year.
morejob-cuts

Bosch gives employees unwanted 4-day week as German economy sputters

Bosch is reducing hours for 450 employees, reflecting economic strain on the automotive industry amid declining demand and competition.

AMD to cut around 1,000 staff amid resource realignment

AMD is reducing its global workforce by 4% to realign business priorities and focus on growth opportunities in AI.
#genetic-testing

23andMe customer? Here's what to know about the privacy of your genetic data.

23andMe is drastically reducing its workforce and exploring privatization amid significant concerns about genetic data security and ownership restructuring.

23andMe cuts 40% of staff in restructuring | TechCrunch

23andMe is cutting 40% of its workforce and discontinuing its therapeutics business to focus on its core consumer operations.

DNA-testing site 23andMe to lay off 40% of its workers

23andMe is cutting 40% of its workforce and halting therapy developments to focus on its core consumer business amid financial struggles.

23andMe customer? Here's what to know about the privacy of your genetic data.

23andMe is drastically reducing its workforce and exploring privatization amid significant concerns about genetic data security and ownership restructuring.

23andMe cuts 40% of staff in restructuring | TechCrunch

23andMe is cutting 40% of its workforce and discontinuing its therapeutics business to focus on its core consumer operations.

DNA-testing site 23andMe to lay off 40% of its workers

23andMe is cutting 40% of its workforce and halting therapy developments to focus on its core consumer business amid financial struggles.
moregenetic-testing

NASA Jet Propulsion Laboratory lays off another 5 percent of workforce

JPL is laying off 325 staff members due to budget cuts and challenges with the Mars Sample Return program.
#business-strategy

$3 billion startup Sword Health cuts some physical therapists as it ramps up AI to treat more patients

Sword Health is reducing its physical therapist workforce to enhance patient management through AI.

Dropbox cuts its workforce by 20 percent in latest round of layoffs

Dropbox lays off 20% of its workforce as part of a restructuring effort amid slowing growth in its core cloud storage business.

$3 billion startup Sword Health cuts some physical therapists as it ramps up AI to treat more patients

Sword Health is reducing its physical therapist workforce to enhance patient management through AI.

Dropbox cuts its workforce by 20 percent in latest round of layoffs

Dropbox lays off 20% of its workforce as part of a restructuring effort amid slowing growth in its core cloud storage business.
morebusiness-strategy
#automotive-industry

Nissan CEO Cuts Salary in Half, Company Laying Off 9,000 | Entrepreneur

Nissan reports a loss prompting 9,000 job cuts and a CEO salary cut of 50% as part of a restructuring effort.

A Major US Automaker Is Rumored To Be Doing a 50% Layoff

Stellantis plans significant layoffs and outsourcing due to intense market competition and struggles within the U.S. automotive sector.

Volkswagen Could Close 3 Plants in Germany to Cut Costs

Volkswagen plans to close factories and lay off workers in response to declining sales and competition from China.

Nissan CEO Cuts Salary in Half, Company Laying Off 9,000 | Entrepreneur

Nissan reports a loss prompting 9,000 job cuts and a CEO salary cut of 50% as part of a restructuring effort.

A Major US Automaker Is Rumored To Be Doing a 50% Layoff

Stellantis plans significant layoffs and outsourcing due to intense market competition and struggles within the U.S. automotive sector.

Volkswagen Could Close 3 Plants in Germany to Cut Costs

Volkswagen plans to close factories and lay off workers in response to declining sales and competition from China.
moreautomotive-industry

iRobot lays off another 105 employees | TechCrunch

iRobot is laying off 16% of its workforce as part of an operational restructuring, following failed Amazon acquisition plans.

Why Wiz really turned down Google's $23B offer | TechCrunch

Wiz's refusal of Google's offer was driven by long-term confidence in cloud security's market potential.
Dropbox is significantly downsizing to improve operational efficiency amidst restructuring efforts.
#financial-performance

Boeing will delay its 777X plane and cut 10% of workforce as it deals with a strike and 737 Max issues

Boeing will reduce its workforce by 10% due to ongoing strikes and financial pressures.

Meta Announces a New Round of Job Cuts

Meta is realigning resources and roles to meet long-term strategic and location goals, even after significant layoffs last year.

Boeing will delay its 777X plane and cut 10% of workforce as it deals with a strike and 737 Max issues

Boeing will reduce its workforce by 10% due to ongoing strikes and financial pressures.

Meta Announces a New Round of Job Cuts

Meta is realigning resources and roles to meet long-term strategic and location goals, even after significant layoffs last year.
morefinancial-performance

Boeing's endless doom loop gives no respite to new CEO Ortberg

Boeing's ongoing crises reveal deep-rooted quality issues and a struggling workforce, as the company aims for recovery amid drastic leadership changes.

Boeing is cutting 10 percent of its workforce

The company faces significant challenges requiring structural changes and a focus on core areas to ensure competitiveness.
#northvolt

Swedish battery maker Northvolt blames 'challenging' market for workforce job cuts

Northvolt is scaling back operations and cutting jobs to focus on its main gigafactory in Sweden amidst challenging market conditions.

Northvolt to cut 1,600 jobs; suspends Ett expansion project

Northvolt restructures operations, cutting 1,600 jobs to accelerate production at Northvolt Ett amid cancelled contracts and production delays.

Swedish battery maker Northvolt blames 'challenging' market for workforce job cuts

Northvolt is scaling back operations and cutting jobs to focus on its main gigafactory in Sweden amidst challenging market conditions.

Northvolt to cut 1,600 jobs; suspends Ett expansion project

Northvolt restructures operations, cutting 1,600 jobs to accelerate production at Northvolt Ett amid cancelled contracts and production delays.
morenorthvolt
#generative-ai

So you lost your job at Klarna to AI - at least your former coworkers get a pay rise

Generative AI is beginning to influence job reductions in major companies, signaling that the threat of widespread layoffs is becoming reality.

Duolingo Fires Translators in Favor of AI

Duolingo is cutting 10% of its contracted translators as it integrates generative AI into its services.
AI is contributing to the reduction of Duolingo's contract workforce.

So you lost your job at Klarna to AI - at least your former coworkers get a pay rise

Generative AI is beginning to influence job reductions in major companies, signaling that the threat of widespread layoffs is becoming reality.

Duolingo Fires Translators in Favor of AI

Duolingo is cutting 10% of its contracted translators as it integrates generative AI into its services.
AI is contributing to the reduction of Duolingo's contract workforce.
moregenerative-ai

Lyft to lay off employees as it gets rid of some bikes and scooters

Lyft is laying off 1% of its workforce to focus on its core product offerings and discontinue certain bike and scooter operations.

The OpenAI squad in charge of mitigating the risks of super-intelligent AI has lost nearly half its members, says a former researcher

OpenAI's AI safety team has been reduced significantly, impacting efforts focused on AGI safety and preparedness.
Former researcher Daniel Kokotajlo highlights a trend of marginalization among AI safety personnel at OpenAI.

GoPro to Cut 15 Percent of Workforce in Restructuring Push

GoPro is restructuring by cutting 15% of its workforce to reduce costs amid declining revenues. Layoffs will affect approximately 139 jobs.

Google Expands AI Overviews to More Regions; Paramount to Cut 15% of Workforce; AltStore Launches on iOS for EU Users

Google's AI Overview feature is now available in more regions and is boosting traffic to publishers.
Paramount Global is making significant workforce reductions to streamline costs amid financial challenges.

Sabrina Caluori Exits as Head of Kids and Family Marketing for Nickelodeon, Paramount+

Sabrina Caluori, the head of global kids and family marketing for Nickelodeon and Paramount+, has departed Paramount, amid organizational restructuring.
#cost-cutting

Intel to slash 15,000 jobs amid struggles to keep up with Nvidia and AMD

Intel plans to cut 15% of its workforce to reduce costs by $10bn in 2025.

Calgary-based Enbridge to cut 650 jobs in effort to shrink costs | CBC News

North American energy pipeline operator Enbridge will cut its workforce by 650 jobs in a bid to cut costs.
The cuts will begin in February and be completed by March 1, and will primarily target vacant positions, contract positions, and staff redeployment.

Intel to slash 15,000 jobs amid struggles to keep up with Nvidia and AMD

Intel plans to cut 15% of its workforce to reduce costs by $10bn in 2025.

Calgary-based Enbridge to cut 650 jobs in effort to shrink costs | CBC News

North American energy pipeline operator Enbridge will cut its workforce by 650 jobs in a bid to cut costs.
The cuts will begin in February and be completed by March 1, and will primarily target vacant positions, contract positions, and staff redeployment.
morecost-cutting

Exclusive: Sprinklr lays off more than 100 employees

Sprinklr laid off 3% of its workforce, 116 people, to realign customer operations team.

New Survey Shows AI May Be Reducing Worker Numbers

Approximately 41% of companies anticipate a reduction in their workforce due to AI integration.

AI will reduce workforce, say 41% of execs in a survey

41% of senior executives expect smaller workforce due to AI in 5 years.
Only 50% of leaders plan to redeploy employees affected by AI, raising concerns about skills scarcity.

Mars Mission's Budget Problems Force NASA Layoffs

The Jet Propulsion Laboratory (JPL) is reducing its workforce by about 8%, affecting approximately 530 employees and 40 contractors.
The budgetary cuts are necessary to adhere to the allocation while continuing important work for NASA and the nation.

Earnings call: Snap Inc. reports growth and restructuring plans By Investing.com

Snap Inc. reports a 5% increase in revenue YoY, totaling $1.361 billion.
Monthly active users surpass 800 million, with daily active users at 414 million.

Buy Now, Pay Later' Giant To Shrink Human Workforce as It Goes All-in on AI

Klarna has instituted a hiring freeze outside of engineers as tasks are expected to be allocated to AI in the future.
The company is using ChatGPT for various tasks and more than half of employees are using ChatGPT Enterprise.

Tesla has cut 14% of work force since start of 2024 - laying off more than 19,000 employees

Tesla has reduced its workforce by 14% due to competition and decreased demand. Elon Musk plans stock options for outstanding performance.
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