Tag #Job Cuts

Showing 169 to 180 of 240 results

bbc.com
🌐 75% Global Worthiness
News related image

BP Announces 7,700 Job Cuts in Cost-Cutting Drive

BP, a British oil firm, announced 4,700 job cuts and 3,000 contractor reductions on Thursday, aiming for $2 billion in cost savings by 2026, primarily impacting office-based roles and potentially impacting its energy transition commitments.

Progress

40% Bias Score

Decent Work and Economic Growth
us.cnn.com
🌐 85% Global Worthiness
News related image

Meta to Lay Off 3,600 Employees Amidst Policy Changes

Meta is cutting approximately 3,600 jobs, or 5% of its workforce, due to performance issues, a move that follows recent policy changes that have drawn criticism for potentially increasing the spread of misinformation and harmful content.

Progress

52% Bias Score

Decent Work and Economic Growth
lefigaro.fr
🌐 65% Global Worthiness
News related image

French Regional Newspaper Le Courrier Picard Announces 20% Job Cuts

Le Courrier picard, a French regional newspaper, announced a plan to cut 18 jobs (20% of its staff) in January 2024, eliminating its editing department and impacting other areas due to industry challenges and competition, despite current profitability.

Progress

44% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
News related image

Record U.S. Job Cuts in 2024 Amidst Technological Advancements and Economic Uncertainty

U.S. companies announced over 1.5 million job cuts in 2024, a 15-year high excluding 2020, driven by rapid technological advancements and economic shifts; the technology sector led with 133,988 job losses, while government job cuts surged 1,520% due to military reductions.

Progress

40% Bias Score

Decent Work and Economic Growth
kathimerini.gr
🌐 85% Global Worthiness
News related image

VW, Unions Reach Deal: 35,000 Job Cuts, Production Reduction

Volkswagen and German unions reached a deal on December 20th, averting plant closures and mass layoffs, but involving 35,000 job cuts and a 700,000 vehicle production reduction by 2030 to address shrinking European markets and competition from China.

Progress

24% Bias Score

Decent Work and Economic Growth
politico.eu
🌐 85% Global Worthiness
News related image

Volkswagen Agrees to 35,000 Job Cuts in Germany

Volkswagen and German unions reached a deal to avoid strikes, resulting in 35,000 job cuts in Germany and plant restructuring, including relocation of some production to Mexico, to improve competitiveness against Chinese rivals and secure €15 billion in annual savings.

Progress

52% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
News related image

Meta Faces UK Staff Backlash Over Job Cuts and Program Scrapping

UK Meta staff are "concerned" and "let down" by the company's decision to scrap factcheckers and diversity programs, prompting their union, Prospect, to warn Meta of potential difficulties in hiring and keeping staff, particularly given plans to cut about 3,600 jobs globally and the UK government's ...

Progress

56% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
News related image

Meta Cuts 3,600 Jobs, Prioritizes AI and Free Speech

Meta is cutting approximately 3,600 jobs (5% of its global workforce), prioritizing free speech and AI development, and eliminating third-party fact-checkers and DEI programs, leading to criticism and uncertainty regarding content moderation.

Progress

60% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 75% Global Worthiness
News related image

Wayfair Exits German Market, Cuts 730 Jobs to Focus on Physical Retail

Wayfair announced it is exiting the German market and cutting approximately 730 jobs (3% of its global workforce), costing $102 million to $111 million, to focus on higher-return initiatives like physical retail, after 15 years of operation in Germany, where it makes up a low single-digit percentage...

Progress

60% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 75% Global Worthiness
News related image

Microsoft Cuts Fewer Than 2,300 Jobs Due to Performance

Microsoft is cutting less than 1% of its roughly 228,000 employees due to performance issues, a spokesperson confirmed to CNBC, following previous layoffs and amidst a shifting relationship with OpenAI and slower-than-expected Copilot adoption.

Progress

40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
News related image

Aviva Acquires Direct Line for £3.7bn, Sparking Job Loss Concerns

Aviva's £3.7bn acquisition of Direct Line, completed on Christmas Day, will create the UK's second-largest car insurer, but will result in 1,650-2,300 job losses and raise concerns about reduced competition and potential price hikes.

Progress

44% Bias Score

Decent Work and Economic Growth
taz.de
🌐 85% Global Worthiness
News related image

Volkswagen Averts Plant Closures in Restructuring Deal

Volkswagen and its worker representatives reached a compromise to restructure the company, involving the reduction of over 35,000 jobs and a 25% cut in production capacity, while avoiding plant closures and extending job security until 2030, saving over €15 billion annually.

Progress

44% Bias Score

Decent Work and Economic Growth

Showing 169 to 180 of 240 results