Layoffs

US employers announced the highest number of layoffs in five months in August, primarily driven by cuts in the…

Swiss banking behemoth UBS will initiate five-stage layoffs starting in June as part of its cost-cutting programme…

HSBC is reportedly expanding its investment banking job cuts in Asia, with plans to eliminate an additional 20…

Tesla confirmed a major global workforce reduction, impacting employees in sales, technology, and engineering…

Daraz Group, an Alibaba-owned e-commerce platform, has announced layoffs across the group in an effort to establish…

UK’s CMC Markets Plc, a leading global provider of online retail and institutional platform technology, said on…

Deutsche Bank is planning to cut 3,500 jobs after recording a net profit of 1.4 billion euros in the fourth quarter…

U.S. United Parcel Service (UPS) company is planning to cut 12,000 jobs after it lowered its 2024 revenues forecast…

X violated contracts when it failed to pay millions of dollars in bonuses promised to its employees, a federal…

Meta is set to lay off employees in the metaverse silicon unit on Wednesday, informed sources told Reuters on…

Streaming company Spotify announced on Monday that it is laying off 200 of its podcast division staff in its second…

First Citizens Bank announced on Wednesday it was cutting about 500 jobs of corporate Silicon Valley Bank…

Margherita Della Valle, CEO of Vodafone Group announced the company's plans for cutting 11,000 jobs over the period…

Walt Disney Co will be starting its second wave of layoffs from Monday through Thursday, as part of the company’s…

McDonald’s Corp. is cutting the pay for some of its employees as part of its restructuring according to the Wall…

McDonald’s Corp. is temporarily closing down its US offices this week to prepare for informing employees of its…

Microsoft waved its entire ethics and society team within the artificial intelligence organisation as part of…

Switzerland’s UBS Group AG, which recently acquired Credit Suisse, plans to reduce its workforce by 20-30 percent,…

Meta is set to lay off 10,000 workers to cut costs, between $3 billion to $5 billion, as the company’s economic…

The Federal Trade Commission (FTC) said that it is investigating Twitter’s privacy practices, citing concerns that …

Swedish telecom equipment maker Ericsson announced that it will lay off about 8,500 employees globally to cut…

Boeing will lay off this week 7,000 employees, just a portion of the layoffs the aircraft manufacturer targets as…

The Trump Organisation has laid off or furloughed more than 2,500 people as the coronavirus pandemic has led to…

Fast-fashion retailer H&M announced on Monday it is weighing cutting tens of thousands of jobs worldwide…

ING Groep NV on Monday became the latest European lender to announce a new round of layoffs and restructuring as…

Twitter will lay off employees next week as freshly-returned chief Jack Dorsey pushes for a leaner operation…