Job Cuts
Recent Highlights
All Stories for Job Cuts
Ford to cut 1,100 jobs in Spain
•The cuts follow the announcement last month by Ford of 3,800 job cuts elsewhere in Europe, including 2,300 positions in Germany and 1,300 in Britain
General Motors to fire 500 salaried employees; know details
Trendingdesk •The 500 job cuts account for less than 1 percent of the General Motor’s salaried workforce
How IT professionals are struggling to stay in the United States after being laid off
•Nearly 200,000 IT workers have been laid off since November of last year, with 30 to 40 per cent of them being Indian
Microsoft to sack 10,000 employees over poor economy
•The job cuts will affect slightly less than five percent of employees and follow in the wake of similar moves by Facebook owner Meta, Amazon and Twitter which have announced thousands of layoffs in the once-unassailable tech sector
Explained: Why Amazon’s 18,000 employees being laid off is just the tip of the iceberg for 2023
Fp Explainers •Amazon isn’t the only company firing employees. Other big firms, including Goldman Sachs and McDonald’s, will see mass layoffs in the coming months. Just a week into 2023 and 30,000 jobs have already been cut across the globe and the situation is only going to worsen
WATCH: Washington Post chief announces job cuts, walks out without answering questions
Fp Staff •The Washington Post guild released a video of Fred Ryan, CEO, leaving the meeting without answering questions posed by some of his employees. The management said that the job cuts would not reduce the size of the newsroom
'Some roles will no longer be required': Amazon begins mass layoffs in US
•"After a deep set of reviews, we recently decided to consolidate some teams and programs. One of the consequences of these decisions is that some roles will no longer be required," hardware chief Dave Limp wrote in a memo to workers on Wednesday.
Explained: How layoffs at Singapore tech firms are affecting Indians
•Technology companies around the world and in Singapore — a major tech hub where many of the tech giants host their regional headquarters — are freezing hiring or downsizing in the face of sluggish consumer spending, higher interest rates and inflation
Elon Musk said to begin job cuts across Twitter: Report
•According to the reports, some managers were being asked to draw up lists of employees to cut and 75 per cent of the workforce at the company could be laid off
Elon Musk plans to cut 75% of Twitter workforce if he becomes owner, say reports
•While job cuts have been expected regardless of the sale, the magnitude of Musk's planned cuts are far more extreme than anything Twitter had planned