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Latest Articles in job cuts
Meta Layoffs: Fresh Round May See 6,000 Job Cuts
In March, Meta CEO Mark Zuckerberg had said the company planned to cut 10,000 positions by end of May
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IBM To Pause Hiring, Replace 7800 Jobs With AI: Report
IBM CEO Arvind Krishna says as many as 30 per cent of all non-customer facing roles could be replaced by automation in five years
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Microsoft To Start Layoffs From Wednesday: Reports
Though the company has already indulged in some workforce slashes in the past one year, they have impacted less than 1 per cent of Microsoft employees. The cuts now will have larger impact than in the recent past
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Meta To Freeze Hiring, Reduce Headcount
During the meeting, Zuckerberg also mentioned budget cuts across most teams at Meta
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Softbank To Cut At Least 20% Of Vision Fund Staff
The conglomerate will cut at least 100 positions and could announce the reductions as early as this month
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Apple Plans To Slow Hiring, Spending For Select Teams In 2023: Report
Apple Inc plans to slow hiring and spending growth next year in some units to cope with a potential economic downturn, Bloomberg News reported on Monday, citing people with knowledge of the matter
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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.
Read MoreAmerican 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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