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Latest Articles in job cuts

Exxon Mobil Considering Global Job Cuts

"We have evaluations underway on a country-by-country basis to assess possible additional efficiencies to right-size our business and make it stronger for the future,"

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British Airways Makes Progress With Job Cuts

British Airways, which had 42,000 staff at the beginning of the pandemic, has already agreed a jobs deal with pilots union BALPA for a pay cut of about 20% and some compulsory job cuts estimated around 270.

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American Airlines warns 25,000 employees of possible job cuts amid pandemic

American Airlines warns 25,000 employees of possible job cuts amid pandemic

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Swiss Watchmakers Fear Job Cuts As Coronavirus Crisis Hits Sales

The Swiss Watch Federation described May as a "second month of quasi-paralysis" in a statement on Thursday. Exports in April were down 81%.

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UK Luxury Brand Mulberry To Cut 25% Of Workforce

The majority of Mulberry's over 120 owned and partner stores across 25 countries remain closed due to national lockdowns.

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American Airlines Says To Cut Management And Support Staff By 30%

Competitor United Airlines Holdings Inc has also said it will need to reduce its management and administrative staff by about 30%.

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Uber cuts 600 jobs in India as lockdown hits business

The company's rival in India, SoftBank Group-backed Ola said last week it would cut abut 1,400 jobs as a lockdown brought down revenue by 95% in the last couple of months.

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Fiji Airways To Cut More Than Half Its Staff, Seek Aircraft Payment Deferrals

The airline said the staff cuts would affect 758 employees, including 78 expatriate pilots and eight expatriate executives.

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Rolls-Royce To Cut 9,000 Jobs As Demand For Air Travel Crashes

The cash restructuring costs related to these actions are likely to be around 800 million pounds with outflows incurred across 2020 to 2022.

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SoftBank-Backed Ola To Cut About 35% Workforce Amid COVID-19 Crisis

SoftBank-backed WeWork, restaurant aggregator Zomato and food delivery service Swiggy, that have laid off employees to cut costs as the pandemic wreaks havoc on businesses and forces people to stay indoors.

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Uber To Focus On Core Rides, Delivery Business As It Cuts 23% Of Workforce

Uber employed 28,600 people before the pandemic crippled its business, according to a regulatory filing at the end of the first quarter.

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Tata Steel Dutch Workers Groups Blast Plans For Job Cuts

The company's works council said that Theo Henrar has been dismissed in what they described as "incomprehensible and ill-considered" decisions made in the interests of Tata Steel UK at the expense of the Dutch arm.

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Swiggy To Lay Off 1,100 Employees As COVID-19 Hits Online Food Orders

India's best known startups, is among many that are laying off employees and reshaping their business in response to the COVID-19 pandemic, which has forced 1.3 billion Indians indoors and crippled business.

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Airbnb Cuts 1,900 Jobs As Coronavirus Hits Home Rentals

The laid off employees in the United States will get 14 weeks of base pay plus one additional week for every year at Airbnb

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Qatar Airways Planning Substantial Job Cuts

A Qatar Airways spokesman had no immediate comment when contacted by Reuters outside of normal business hours

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