Layoff Plan
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Boeing To Fire Over 2,000 Employees In US, Home To Its Oldest Facilities
- Tuesday November 19, 2024
- World News | Agence France-Presse
The US aviation giant Boeing sent out its first redundancy notifications on Monday as part of a previously announced plan to cut 10 percent of its global workforce.
- www.ndtv.com
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Boeing To Fire 10% Workforce, 17,000 Employees Set To Be Sacked
- Thursday November 14, 2024
- World News | Julie Johnsson, Bloomberg
Boeing Co. will start sending out pink slips on Wednesday to employees affected by a planned round of job cuts, a delicate balancing act between improving efficiency and keeping together a skilled workforce to help lift output again.
- www.ndtv.com
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AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
- Thursday November 14, 2024
- Reuters
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
- www.gadgets360.com
-
Intel Resumes Free Coffee, Tea To Boost Morale After Laying Off 15,000 Employees
- Sunday November 10, 2024
- World News | Edited by Anjali Thakur
In August, it announced plans to reduce its workforce by 15,000 through voluntary separations and layoffs.
- www.ndtv.com
-
Boeing To Cut 17,000 Jobs Worldwide Amid Factory Strikes
- Saturday October 12, 2024
- World News | Agence France-Presse
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.
- www.ndtv.com
-
TikTok Cuts Hundreds Of Jobs In Shift Towards AI Content Moderation
- Friday October 11, 2024
- Ai | Reuters
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.
- www.ndtv.com
-
Samsung Said to Cut Thousands of Jobs Amid Struggles in AI Market
- Thursday October 3, 2024
- Yoolim Lee and Olivia Poh, Bloomberg News
Samsung Electronics Co. is initiating layoffs across Southeast Asia, Australia, and New Zealand. These layoffs are expected to impact roughly 10 percent of the workforce in these regions, though the figures may differ for each subsidiary, sources told Bloomberg.
- www.gadgets360.com
-
Goldman Sachs To Cut A Few Hundred Jobs In Coming Weeks In Annual Cull: Report
- Saturday August 31, 2024
- Business News | Sridhar Natarajan, Bloomberg
Goldman Sachs Group Inc. plans to dismiss a few hundred employees in the coming weeks as part of the firm's annual cull of low-performing staff, according to people familiar with the matter.
- www.ndtv.com
-
GoPro to Cut 15 Percent of Workforce in Restructuring Push
- Tuesday August 20, 2024
- Reuters
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,
- www.gadgets360.com
-
Bungie Reiterates Commitment to Destiny After Layoffs, Says Will Reveal Future of Franchise Soon
- Friday August 9, 2024
- Written by Manas Mitul
Destiny maker Bungie announced last week that it was laying off 220 employees and making structural changes as part of cost-cutting measures. The studio cited rising development costs and grim economic environment as factors behind its decision. Now, Bungie has sought to reassure players over its commitment to Destiny and has said that it will soon...
- www.gadgets360.com
-
Intel Says It Will Sack 18,000 Staff, Cut $20 Billion In Expenses
- Friday August 2, 2024
- World News | Agence France-Presse
US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.The plan to cut approximately $20 billion in expenses this year came as Intel reported a loss of $1.6 billion in the recently ended qua
- www.ndtv.com
-
"Hardcore" About Cost Cut, Elon Musk's Tesla To Cut Hundreds More Jobs: Report
- Tuesday April 30, 2024
- World News | Agence France-Presse
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.
- www.ndtv.com
-
Tesla To Fire 10% Workforce, 14,000 Employees Brace For Sacking: Report
- Tuesday April 16, 2024
- World News | Edited by Muskaan Sharma
Elon Musk-owned electric vehicle maker Tesla is planning to lay off over 10% of its global workforce, citing duplication of roles as the reason behind the job cuts.
- www.ndtv.com
-
Paytm Payments Bank Said to Cut About 20 Percent of Staff as Business Halt Looms
- Thursday March 14, 2024
- Reuters
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its banking unit amid uncertainty over the unit's future due to a looming central bank deadline for it to halt most operations, two sources said.
- www.gadgets360.com
-
Electronic Arts to Lay Off 5 Percent of Workforce, Reduce Office Space
- Thursday February 29, 2024
- Reuters
Electronic Arts will reduce 5 percent of its workforce as part of a restructuring plan that also includes a reduction in real estate, the company said on Wednesday, as the video game industry struggles to grow amid high interest rates.
- www.gadgets360.com
-
Boeing To Fire Over 2,000 Employees In US, Home To Its Oldest Facilities
- Tuesday November 19, 2024
- World News | Agence France-Presse
The US aviation giant Boeing sent out its first redundancy notifications on Monday as part of a previously announced plan to cut 10 percent of its global workforce.
- www.ndtv.com
-
Boeing To Fire 10% Workforce, 17,000 Employees Set To Be Sacked
- Thursday November 14, 2024
- World News | Julie Johnsson, Bloomberg
Boeing Co. will start sending out pink slips on Wednesday to employees affected by a planned round of job cuts, a delicate balancing act between improving efficiency and keeping together a skilled workforce to help lift output again.
- www.ndtv.com
-
AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
- Thursday November 14, 2024
- Reuters
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
- www.gadgets360.com
-
Intel Resumes Free Coffee, Tea To Boost Morale After Laying Off 15,000 Employees
- Sunday November 10, 2024
- World News | Edited by Anjali Thakur
In August, it announced plans to reduce its workforce by 15,000 through voluntary separations and layoffs.
- www.ndtv.com
-
Boeing To Cut 17,000 Jobs Worldwide Amid Factory Strikes
- Saturday October 12, 2024
- World News | Agence France-Presse
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.
- www.ndtv.com
-
TikTok Cuts Hundreds Of Jobs In Shift Towards AI Content Moderation
- Friday October 11, 2024
- Ai | Reuters
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.
- www.ndtv.com
-
Samsung Said to Cut Thousands of Jobs Amid Struggles in AI Market
- Thursday October 3, 2024
- Yoolim Lee and Olivia Poh, Bloomberg News
Samsung Electronics Co. is initiating layoffs across Southeast Asia, Australia, and New Zealand. These layoffs are expected to impact roughly 10 percent of the workforce in these regions, though the figures may differ for each subsidiary, sources told Bloomberg.
- www.gadgets360.com
-
Goldman Sachs To Cut A Few Hundred Jobs In Coming Weeks In Annual Cull: Report
- Saturday August 31, 2024
- Business News | Sridhar Natarajan, Bloomberg
Goldman Sachs Group Inc. plans to dismiss a few hundred employees in the coming weeks as part of the firm's annual cull of low-performing staff, according to people familiar with the matter.
- www.ndtv.com
-
GoPro to Cut 15 Percent of Workforce in Restructuring Push
- Tuesday August 20, 2024
- Reuters
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,
- www.gadgets360.com
-
Bungie Reiterates Commitment to Destiny After Layoffs, Says Will Reveal Future of Franchise Soon
- Friday August 9, 2024
- Written by Manas Mitul
Destiny maker Bungie announced last week that it was laying off 220 employees and making structural changes as part of cost-cutting measures. The studio cited rising development costs and grim economic environment as factors behind its decision. Now, Bungie has sought to reassure players over its commitment to Destiny and has said that it will soon...
- www.gadgets360.com
-
Intel Says It Will Sack 18,000 Staff, Cut $20 Billion In Expenses
- Friday August 2, 2024
- World News | Agence France-Presse
US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.The plan to cut approximately $20 billion in expenses this year came as Intel reported a loss of $1.6 billion in the recently ended qua
- www.ndtv.com
-
"Hardcore" About Cost Cut, Elon Musk's Tesla To Cut Hundreds More Jobs: Report
- Tuesday April 30, 2024
- World News | Agence France-Presse
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.
- www.ndtv.com
-
Tesla To Fire 10% Workforce, 14,000 Employees Brace For Sacking: Report
- Tuesday April 16, 2024
- World News | Edited by Muskaan Sharma
Elon Musk-owned electric vehicle maker Tesla is planning to lay off over 10% of its global workforce, citing duplication of roles as the reason behind the job cuts.
- www.ndtv.com
-
Paytm Payments Bank Said to Cut About 20 Percent of Staff as Business Halt Looms
- Thursday March 14, 2024
- Reuters
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its banking unit amid uncertainty over the unit's future due to a looming central bank deadline for it to halt most operations, two sources said.
- www.gadgets360.com
-
Electronic Arts to Lay Off 5 Percent of Workforce, Reduce Office Space
- Thursday February 29, 2024
- Reuters
Electronic Arts will reduce 5 percent of its workforce as part of a restructuring plan that also includes a reduction in real estate, the company said on Wednesday, as the video game industry struggles to grow amid high interest rates.
- www.gadgets360.com