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Job cuts News

16 Apr 2024

Tesla’s Senior Vice President Drew Baglino Resigns Amid Job Cuts

Baglino comes with 18 years of experience and has been part of Tesla since 2006.

23 Jan 2024

Layoffs Might Get Worse This Year, 98% Surge in US Layoffs Last Year

The report said, around 168,032 employees were laid off in 2023 with 73% increase from the last year.

24 May 2023

Alibaba To Make Significant Job Cuts Amid IPO Plans

In March, Alibaba Group planned to split into six business groups and launch separate public listings, triggering mass layoff, according to a Nikkei Asia report.

16 May 2023

Vodafone To Cut 11,000 Jobs Over Next 3 Years, Sees Big Drop In Cash Flow

Vodafone has recently cut jobs in several of its big markets, shedding 1,000 in Italy earlier this year and a media report said it was looking to cut around 1,300 in Germany.

29 Nov 2022

Job cut: Dailyhunt & Josh parent firm VerSe Innovation lays off 150 employees

VerSe Innovation is the parent company of Dailyhunt and short-form video platform Josh. The company has laid off nearly 150 employees. The layoffs impacted about 5 percent of a 3,000-strong workforce at VerSe Innovation.

15 Nov 2022

DNA: Why are big companies laying off employees?

According to a New York Times report, the biggest e-commerce company Amazon is about to lay off employees on a large scale. In the name of cost cutting, they are preparing to fire about 11,000 employees. This will be the biggest layoff ever in Amazon's history.

15 Sep 2019

Job opportunities in plenty, lack of capability in north Indians: Gangwar

The minister said what’s lacking is skillset and capabilities in north Indians, as there are a number of job opportunities across several sectors.

08 Jul 2019

Axe falls on 18,000 Deutsche Bank jobs in USD 8.3 billion reinvention

In a retreat from a decades-long ambition to make its struggling investment bank, which employs 38,000 people, a force on Wall Street, Deutsche Bank said on Sunday it would scrap its global equities operations and cut some in fixed income.

02 Mar 2018

GM plants to cut 5,000 South Korean jobs, keep production at current level

The US automaker announced last month that it would shut down a factory in Gunsan, southwest of Seoul.

19 Feb 2018

Deutsche Bank to cut up to 500 investment banking jobs: Report

Deutsche's Corporate and Investment Bank had 17,251 full-time employees at the end of 2017.

12 Feb 2018

Amazon cutting hundreds of jobs: Report

According to the report, the layoffs are primarily focused on the online giant's consumer retail businesses.

04 Feb 2016

Credit Suisse announces 4,000 job cuts amid big Q4 loss

Credit Suisse is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter that includes "substantial charges which are not reflective of our underlying business performance," the bank said Thursday.

03 Feb 2016

Half a million jobs to be cut globally! Check out which cos are slashing jobs

We give a list of some of the major companies of the world that are cutting jobs.

03 Feb 2016

Ford to cut hundreds of jobs in Europe to boost profitability

US auto giant Ford plans to cut hundreds of jobs in Europe in a bid to strengthen profitability in the region, it said Wednesday, just days after turning in its first annual profit in years.

Royal Dutch Shell

30 Jul 2015

Shell Q2 net profit drops 37%, to cut 6,500 jobs this year

Royal Dutch Shell on Thursday reported a 37 percent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices.

Wall Street Journal

18 Jun 2015

News Corp`s WSJ seeing cuts, shifting resources

The Wall Street Journal and its Dow Jones parent announced Thursday an unspecified number of job cuts and the closing of some foreign bureaus as they shift resources into digital.

02 Jun 2015

'HSBC set to cut thousands of jobs globally'

HSBC Holdings Plc is planning to cut thousands of jobs globally and is set to make an announcement next week, Sky News reported on Monday, citing unidentified sources.

23 May 2015

BlackBerry cuts jobs worldwide as it consolidates businesses

Canadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business.

16 Jan 2015

Schlumberger cuts 9,000 jobs due to low oil prices

Oil services company Schlumberger Thursday said it was firing 9,000 workers due to plunging oil prices that have forced petroleum companies to cut drilling budgets.

Australian Broadcasting Corporation

24 Nov 2014

Australian Broadcasting Corporation to cut 400 jobs

More than 400 jobs could be lost at the Australian Broadcasting Corporation, the head of the organisation said on Monday, after the government cut funding.

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