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Volkswagen To Cut 35,000 Jobs In Germany By 2030
Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.
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Google Slashes 10% Of Managerial Staff In Hunt For 'Googleyness': Report
Google Layoffs: Google has laid off 10 per cent of its managerial staff as part of a long-running campaign to increase efficiency by double that number, multiple news reports said Wednesday.
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Siemens To Cut Up To 5,000 Jobs In Automation Business After Downturn
Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.
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China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division
Alibaba is slashing dozens of jobs from its metaverse division, as per a report by the South China Morning Post (SCMP). The report suggests that the job cuts from Alibaba’s Yuanjing unit are impacting teams in Shanghai and Hangzhou.
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Bandai Namco Begins to Cut Workforce After Cancelling Games
Bandai Namco Holdings is cutting its workforce after canceling several titles due to lackluster demand. Like its competitors, the company’s now under pressure to cut costs and adjust to a post-pandemic drop in the time users have for games.
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Boeing To Cut 17,000 Jobs Worldwide Amid Factory Strikes
Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.
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TikTok Cuts Hundreds Of Jobs In Shift Towards AI Content Moderation
TikTok confirmed the layoffs and said that several hundred employees were expected to be impacted globally as part of a wider plan to improve its moderation operations.
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ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
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Samsung Defends Indian Wages as Strike at Plant Enters Third Week
More than 1,000 workers have disrupted operations and protested in a makeshift tent close to Samsung's home appliances factory near the city of Chennai since September 9.
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Microsoft Announces 650 Layoffs at Xbox Unit in Bid to Cut Costs After Activision Acquisition
Microsoft is laying off 650 employs from its Xbox unit. The job cuts will affect mostly corporate and supporting functions, the report said, citing a memo sent to staff by Xbox chief Phil Spencer.
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Apple Cuts Jobs in Online Services Group as Priorities Shift
Apple is cutting about 100 jobs in its digital services group. The layoffs included some engineering roles, and the biggest cuts were made to the team responsible for the Apple Books app and Apple Bookstore.
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GoPro to Cut 15 Percent of Workforce in Restructuring Push
GoPro has decided to cut about 15 percent of its workforce this year, as part of a restructuring plan to reduce operating expenses. The company expects to take charges in the range of $5 million (roughly Rs. 41.8 lakh) to $7 million (roughly Rs. 58.6 lakh) for the restructuring plan,
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Intel Sells Stake in Chip Designer Arm Holdings
Intel, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings in the second quarter, a regulatory filing showed on Tuesday.
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Intel Shareholders Sue Chipmaker After Job, Dividend Cuts Cause Stock Plunge
The lawsuit came after Intel said last Thursday it would lay off more than 15 percent of its workforce, or more than 15,000 jobs, and suspend its dividend starting in the fourth quarter as part of a restructuring meant to save $10 billion (roughly Rs. 83,976 crore) in 2025.
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''Hardest Thing I Have Done In My Career'': Intel CEO On Over 15,000 Job Cuts
Intel will lay off over 15,000 employees, approximately 15 per cent of its workforce by the end of 2024, CEO Pat Gelsinger announced on Thursday.
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Volkswagen To Cut 35,000 Jobs In Germany By 2030
Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.
-
Google Slashes 10% Of Managerial Staff In Hunt For 'Googleyness': Report
Google Layoffs: Google has laid off 10 per cent of its managerial staff as part of a long-running campaign to increase efficiency by double that number, multiple news reports said Wednesday.
-
Siemens To Cut Up To 5,000 Jobs In Automation Business After Downturn
Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.
-
China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division
Alibaba is slashing dozens of jobs from its metaverse division, as per a report by the South China Morning Post (SCMP). The report suggests that the job cuts from Alibaba’s Yuanjing unit are impacting teams in Shanghai and Hangzhou.
-
Bandai Namco Begins to Cut Workforce After Cancelling Games
Bandai Namco Holdings is cutting its workforce after canceling several titles due to lackluster demand. Like its competitors, the company’s now under pressure to cut costs and adjust to a post-pandemic drop in the time users have for games.
-
Boeing To Cut 17,000 Jobs Worldwide Amid Factory Strikes
Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.
-
TikTok Cuts Hundreds Of Jobs In Shift Towards AI Content Moderation
TikTok confirmed the layoffs and said that several hundred employees were expected to be impacted globally as part of a wider plan to improve its moderation operations.
-
ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
-
Samsung Defends Indian Wages as Strike at Plant Enters Third Week
More than 1,000 workers have disrupted operations and protested in a makeshift tent close to Samsung's home appliances factory near the city of Chennai since September 9.
-
Microsoft Announces 650 Layoffs at Xbox Unit in Bid to Cut Costs After Activision Acquisition
Microsoft is laying off 650 employs from its Xbox unit. The job cuts will affect mostly corporate and supporting functions, the report said, citing a memo sent to staff by Xbox chief Phil Spencer.
-
Apple Cuts Jobs in Online Services Group as Priorities Shift
Apple is cutting about 100 jobs in its digital services group. The layoffs included some engineering roles, and the biggest cuts were made to the team responsible for the Apple Books app and Apple Bookstore.
-
GoPro to Cut 15 Percent of Workforce in Restructuring Push
GoPro has decided to cut about 15 percent of its workforce this year, as part of a restructuring plan to reduce operating expenses. The company expects to take charges in the range of $5 million (roughly Rs. 41.8 lakh) to $7 million (roughly Rs. 58.6 lakh) for the restructuring plan,
-
Intel Sells Stake in Chip Designer Arm Holdings
Intel, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings in the second quarter, a regulatory filing showed on Tuesday.
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Intel Shareholders Sue Chipmaker After Job, Dividend Cuts Cause Stock Plunge
The lawsuit came after Intel said last Thursday it would lay off more than 15 percent of its workforce, or more than 15,000 jobs, and suspend its dividend starting in the fourth quarter as part of a restructuring meant to save $10 billion (roughly Rs. 83,976 crore) in 2025.
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''Hardest Thing I Have Done In My Career'': Intel CEO On Over 15,000 Job Cuts
Intel will lay off over 15,000 employees, approximately 15 per cent of its workforce by the end of 2024, CEO Pat Gelsinger announced on Thursday.
