Tag #Layoffs

Showing 145 to 156 of 173 results

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Meta to Lay Off 3,600 Employees Amidst Policy Overhaul

Meta will lay off approximately 3,600 employees, or 5% of its workforce, due to underperformance, as part of broader policy changes that include relaxing content moderation and ending third-party fact-checking programs, prompting criticism of political motivations.

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44% Bias Score

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forbes.com
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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.

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40% Bias Score

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forbes.com
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Worker Compensation Satisfaction Varies Widely Across Industries Amidst Job Cuts

A Vaco survey of 15,000 professionals shows 44% believe their compensation is fair, but this varies widely by industry; 3.7 million white-collar job cuts occurred in the U.S. this year, impacting employee confidence, which is down 5% from last quarter.

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56% Bias Score

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forbes.com
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GM's Text-Message Layoffs Spark Debate on Digital Communication and Empathy

General Motors laid off roughly 1,000 employees, including a long-term engineer notified by text message, citing market conditions and efficiency as reasons; this sparked debate about balancing digital communication's efficiency with empathy in layoff procedures.

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dw.com
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Thyssenkrupp Steel to Cut 11,000 Jobs, Close Kreuztal Plant

Thyssenkrupp Steel, Germany's largest steel producer, announced plans to cut 11,000 jobs, close its Kreuztal plant, and reduce Duisburg production capacity due to cheaper Asian imports, declining automotive demand, and insufficient past investment, severely impacting the Ruhr region.

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cnbc.com
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U.S. Job Market Stagnant: Low Hiring, Low Layoffs Create Challenges for Job Seekers

The U.S. job market is currently stagnant, with low hiring and low layoffs despite near-record-low unemployment (4.2% in November). This follows a period of high employee turnover, and job seekers now face increased competition.

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forbes.com
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U.S. Job Growth Strong Despite Tech Layoffs

Despite exceeding expectations with 2.32 million new jobs in 2024 and a 4.1% unemployment rate in December, the U.S. job market faces significant layoffs in tech and finance due to AI, impacting white-collar workers; however, job growth in healthcare and retail remains strong.

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cnbc.com
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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.

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foxnews.com
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MSNBC Hosts Face Pay Cuts Amid Ratings Slump and Network Restructuring

MSNBC hosts Joy Reid and Stephanie Ruhle are reportedly facing salary cuts amid declining ratings and the network's upcoming spin-off into SpinCo, causing significant concern among employees about potential layoffs.

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dailymail.co.uk
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GM's Mass Layoff Sparks Outrage Over Treatment of Long-Term Employee

General Motors laid off approximately 1,000 employees globally on November 15th, 2024, including Adam Bernard, a 60-year-old with 38 years of service, who was notified via email at 5:07 a.m.; this sparked public outrage due to the impersonal nature of the dismissal and broader concerns about corpora...

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48% Bias Score

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forbes.com
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CEO Murder Spurs Surge in Corporate Security Spending

The killing of UnitedHealthcare CEO Brian Thompson in New York City has prompted a sharp increase in security spending among S&P 500 companies, with median spending doubling to nearly $100,000 from 2021 to 2023, as threats against healthcare executives have risen.

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lemonde.fr
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Airbus DS to Cut 2,043 Jobs Amidst Satellite Project Setbacks

Airbus Defence and Space is cutting 2,043 jobs globally by mid-2026, with significant losses in France and Germany, due to €1.6 billion in provisions from satellite development setbacks; the CGT union protests the plan, citing high workload and future projects.

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60% Bias Score

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Showing 145 to 156 of 173 results