Us Job Cuts

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.

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.

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.

Microsoft is cutting around 1,900 jobs at gaming divisions Activision Blizzard and Xbox.

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.

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

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.

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.

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.

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 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.

Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.

Binance US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, according to a company spokesperson.

Amazon's decision to eliminate tens of thousands of jobs, part of the wave of hundreds of thousands of cuts at firms across the US this year, is forcing remote workers to make hard choices.

Facebook owner Meta announced a fresh wave of job cuts on Tuesday, part of what CEO Mark Zuckerberg called the company's "year of efficiency" as the US tech sector continues to downsize.

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.

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.

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.

Microsoft is cutting around 1,900 jobs at gaming divisions Activision Blizzard and Xbox.

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.

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

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.

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.

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.

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 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.

Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.

Binance US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, according to a company spokesperson.

Amazon's decision to eliminate tens of thousands of jobs, part of the wave of hundreds of thousands of cuts at firms across the US this year, is forcing remote workers to make hard choices.

Facebook owner Meta announced a fresh wave of job cuts on Tuesday, part of what CEO Mark Zuckerberg called the company's "year of efficiency" as the US tech sector continues to downsize.