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The company plans to let go of another 40-50 staff in the coming weeks as part of a cost-rationalisation exercise amid rising input costs and muted consumer demand, sources said
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Tata-owned Jaguar Land Rover will reduce its global workforce by around 4,000 roles over the next two years as part of a £1.7 billion savings programme. The company said the cuts are not expected to affect direct manufacturing jobs
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China’s leading technology firms have reportedly cut around 1.3 lakh jobs amid AI adoption and restructuring. Companies including Alibaba, Tencent and ByteDance are reducing staff while shifting toward automation. A report criticised the Chinese government for not addressing workforce disruption or retraining needs
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Meta Platforms and Microsoft plan major job cuts and buyouts amid rising AI investments. Workforce reductions and restructuring aim to streamline operations while expanding data centres and infrastructure to support growing artificial intelligence initiatives globally
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The development comes at a time when several global companies, including Amazon, Intel and Goldman Sachs, are also cutting jobs amid the growing influence of AI and global economic uncertainty
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The latest layoffs are happening across various departments, including procurement, fulfilment, customer relations and charging infrastructure, according to report
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It comes after staffers from the Department of Government Efficiency, or DOGE, were at the Pentagon earlier in the week and received lists of such employees
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This was the fifth consecutive quarter that the firm experienced a decrease in workforce. The firm's total employee count was 240,234 by the end of 2023
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Several hundred employees from Google's core engineering organization lost corporate access and received notices that their roles were eliminated, two of the people said, as per The New York Times report
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The job cuts mainly impacted workers in the visual effects studio and global IT team, reports The Verge.
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"Market Watch reports that Cisco disclosed this information in a filing with California's Employment Development Department."
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In a statement, the company noted that Pega anticipates that "certain" reductions will impact employees in the state of Massachusetts.
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Chip major Qualcomm's shares fell about 7 per cent after it provided a gloomy outlook for its fiscal Q4
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Delivering its quarterly results for the second quarter of fiscal 2023, Accenture also reduced its annual revenue growth and profit forecasts
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The job cuts by Indian IT major Wipro are at only one location in Florida's Tampa
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New Delhi: At least half of the companies worldwide are planning to lay off people, most are reducing bonuses and rescinding job offers amid the economic downturn, a new report has warned. According to the latest PwC ‘Pulse: Managing business risks in 2022’ survey in the US, 50 per cent of respondents are reducing their […]
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San Francisco: Meta (formerly Facebook) has paused hirings for several verticals, like shopping and Messenger Kids, which has triggered the fear of lay offs among employees. According to The Verge, Meta has frozen hirings for a number of products. The company recently stopped hiring for certain engineering roles and also for low-level data scientists. Meta […]
