Us Job Cuts
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Meta to Cut Roughly Five Percent of Staff, Targeting Lowest Performers
Meta Platforms Inc. is cutting roughly five percent of its staff through performance-based terminations. Affected workers in the US are expected to be notified on February 10, while those based in other countries will be informed at a later date, according to the memo.
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Sensex, Nifty Slide, Rupee Weakens To Record Low Of Rs 86.27
The share market tumbled in early trade today, after an unexpectedly strong US jobs report dampened expectations of early interest rate cuts by the Federal Reserve, while worries over slowing earnings continued to persist.
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Vivek Ramaswamy Indicates Massive Government Job Cuts In US
Entrepreneur-turned politician Vivek Ramaswamy, who along with Tesla owner Elon Musk has been nominated in-charge of the Department of Government Efficiency, has indicated a massive cut in federal government jobs in the United States.
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Trump Tracker: US Heading Towards Massive Job Cuts? What Vivek Ramaswamy Said
Donald Trump, who swept all seven swing states and won a decisive victory against his Democratic rival Kamala Harris, is now on a spree naming his top aides who will chalk out the government strategy for the next four years.
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EY Fires Staff In US For Taking Multiple Online Training Courses At Once
Ernst & Young (EY) recently fired dozens of employees in the US for attending multiple online training courses simultaneously during the firm's learning week organised earlier this year.
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Kamala Harris Says She Will Cut Degree Requirements For Certain Federal Job
US Vice President Kamala Harris said on Friday she will cut college degree requirements for certain federal jobs if elected president after the Nov. 5 elections in which she faces Republican former President Donald Trump.
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Amidst AI Push, Cisco To Lay Off Thousands In Second Job Cut This Year, Sources Say
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.
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Layoffs Continue In US, Canada As Companies Uncertain Of Economy
Microsoft is cutting around 1,900 jobs at gaming divisions Activision Blizzard and Xbox.
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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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Intel Says It Will Sack 18,000 Staff, Cut $20 Billion In Expenses
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
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"Hardcore" About Cost Cut, Elon Musk's Tesla To Cut Hundreds More Jobs: Report
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.
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'Grand Theft Auto' Video Game Publisher Cuts Workforce, Shelve Some Games
Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs.
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Dating App Bumble To Lay Off 350 Employees After $32 Million Loss
US online dating platform Bumble on Tuesday announced plans to cut 350 positions, about a third of its workforce, as part of a restructuring plan.
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Layoffs In US Soared 98% In 2023 And It Could Get Worse This Year, Report Claims
US companies planned 721,677 job cuts last year, a 98% jump from 363,832 layoffs reported in 2022, a new report published by professional outplacement firm Challenger, Gray & Christmas has revealed.
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Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
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Meta to Cut Roughly Five Percent of Staff, Targeting Lowest Performers
Meta Platforms Inc. is cutting roughly five percent of its staff through performance-based terminations. Affected workers in the US are expected to be notified on February 10, while those based in other countries will be informed at a later date, according to the memo.
-
Sensex, Nifty Slide, Rupee Weakens To Record Low Of Rs 86.27
The share market tumbled in early trade today, after an unexpectedly strong US jobs report dampened expectations of early interest rate cuts by the Federal Reserve, while worries over slowing earnings continued to persist.
-
Vivek Ramaswamy Indicates Massive Government Job Cuts In US
Entrepreneur-turned politician Vivek Ramaswamy, who along with Tesla owner Elon Musk has been nominated in-charge of the Department of Government Efficiency, has indicated a massive cut in federal government jobs in the United States.
-
Trump Tracker: US Heading Towards Massive Job Cuts? What Vivek Ramaswamy Said
Donald Trump, who swept all seven swing states and won a decisive victory against his Democratic rival Kamala Harris, is now on a spree naming his top aides who will chalk out the government strategy for the next four years.
-
EY Fires Staff In US For Taking Multiple Online Training Courses At Once
Ernst & Young (EY) recently fired dozens of employees in the US for attending multiple online training courses simultaneously during the firm's learning week organised earlier this year.
-
Kamala Harris Says She Will Cut Degree Requirements For Certain Federal Job
US Vice President Kamala Harris said on Friday she will cut college degree requirements for certain federal jobs if elected president after the Nov. 5 elections in which she faces Republican former President Donald Trump.
-
Amidst AI Push, Cisco To Lay Off Thousands In Second Job Cut This Year, Sources Say
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.
-
Layoffs Continue In US, Canada As Companies Uncertain Of Economy
Microsoft is cutting around 1,900 jobs at gaming divisions Activision Blizzard and Xbox.
-
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.
-
Intel Says It Will Sack 18,000 Staff, Cut $20 Billion In Expenses
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
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"Hardcore" About Cost Cut, Elon Musk's Tesla To Cut Hundreds More Jobs: Report
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.
-
'Grand Theft Auto' Video Game Publisher Cuts Workforce, Shelve Some Games
Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs.
-
Dating App Bumble To Lay Off 350 Employees After $32 Million Loss
US online dating platform Bumble on Tuesday announced plans to cut 350 positions, about a third of its workforce, as part of a restructuring plan.
-
Layoffs In US Soared 98% In 2023 And It Could Get Worse This Year, Report Claims
US companies planned 721,677 job cuts last year, a 98% jump from 363,832 layoffs reported in 2022, a new report published by professional outplacement firm Challenger, Gray & Christmas has revealed.
-
Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
