Tag #Layoffs

Showing 157 to 168 of 173 results

welt.de

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Dec 5, 21:05

ETAS to Cut 400 Jobs Amidst Automotive Industry Crisis

Bosch subsidiary ETAS plans to cut up to 400 jobs globally by 2026 due to weak demand for intelligent driver assistance systems and the overall automotive industry crisis; this impacts approximately one-eighth of its workforce, with details on German job losses pending negotiations.

ETAS to Cut 400 Jobs Amidst Automotive Industry Crisis

Bosch subsidiary ETAS plans to cut up to 400 jobs globally by 2026 due to weak demand for intelligent driver assistance systems and the overall automotive industry crisis; this impacts approximately one-eighth of its workforce, with details on German job losses pending negotiations.

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What is the impact of the automotive industry crisis on Bosch subsidiary ETAS's workforce?

Bosch subsidiary ETAS, specializing in vehicle software, will cut up to 400 jobs globally over the next three years due to the automotive industry crisis. This represents about one-eighth of its 3,100 employees. The exact number depends on negotiations with employee representatives.

cnbc.com

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Dec 3, 22:11

Intel Stock Plunges After CEO Ouster Amid Financial Struggles

Intel shares dropped over 5% after CEO Pat Gelsinger was ousted, marking the stock's worst day since early September and a more than 50% decline year-to-date, amid declining revenue, market share losses to competitors like Nvidia, and billions in quarterly foundry losses.

Intel Stock Plunges After CEO Ouster Amid Financial Struggles

Intel shares dropped over 5% after CEO Pat Gelsinger was ousted, marking the stock's worst day since early September and a more than 50% decline year-to-date, amid declining revenue, market share losses to competitors like Nvidia, and billions in quarterly foundry losses.

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What are the immediate consequences of Intel CEO Pat Gelsinger's removal?

Intel shares plummeted over 5% following CEO Pat Gelsinger's dismissal, marking the stock's worst day since early September and a more than 50% loss year-to-date. Interim co-CEOs have been appointed while a search for a permanent replacement is underway. This follows a period of declining revenue and market share losses to competitors like Nvidia.

english.elpais.com

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Dec 2, 17:25

Goop Announces Further Layoffs Amidst Strategic Restructuring

Gwyneth Paltrow's Goop, a lifestyle brand, announced another round of layoffs, affecting 6% of its workforce, following an 18% reduction in September. Despite the cuts, Goop reports revenue growth in 2023 and 2024 in beauty (21%) and fashion (45%), indicating a strategic shift toward core sectors.

Goop Announces Further Layoffs Amidst Strategic Restructuring

Gwyneth Paltrow's Goop, a lifestyle brand, announced another round of layoffs, affecting 6% of its workforce, following an 18% reduction in September. Despite the cuts, Goop reports revenue growth in 2023 and 2024 in beauty (21%) and fashion (45%), indicating a strategic shift toward core sectors.

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What are the immediate consequences of Goop's recent layoffs, and how do they impact the company's overall strategy?

Goop, Gwyneth Paltrow's lifestyle company, recently laid off 6% of its workforce, impacting various departments including beauty, programming, engineering, and creative. This follows an earlier 18% reduction in September, indicating a strategic restructuring to focus on core areas like beauty and fashion. Despite these cuts, Goop reported year-over-year revenue growth in 2023 and projects continued growth in 2024, with specific increases in beauty (21%) and fashion (45%) revenue.

kathimerini.gr

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Nov 19, 19:37

AP Announces 8% Workforce Reduction

The Associated Press, a major international news agency, is cutting 8% of its workforce in response to the changing media landscape and economic challenges in the news industry.

AP Announces 8% Workforce Reduction

The Associated Press, a major international news agency, is cutting 8% of its workforce in response to the changing media landscape and economic challenges in the news industry.

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How will the workforce reduction impact the AP's news operations?

The AP will initially offer a voluntary departure and retirement program before eliminating positions, impacting approximately half of the news sector.

theguardian.com

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Nov 18, 22:18

AP to Cut 8% of Workforce

The Associated Press plans to cut its workforce by 8% through buyouts and layoffs to adapt to industry challenges and invest in its digital future.

AP to Cut 8% of Workforce

The Associated Press plans to cut its workforce by 8% through buyouts and layoffs to adapt to industry challenges and invest in its digital future.

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How will the reduction in workforce be implemented?

The reduction will be achieved through a combination of voluntary buyouts and layoffs, affecting approximately 8% of the company's employees, with fewer than half of those changes impacting the news division.

lemonde.fr

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Nov 11, 19:02

Union Leader Laid Off: A Personal Perspective

François Hommeril, president of the CFE-CGC union, unexpectedly faced job loss, providing a personal perspective on the issue he has dedicated his career to fighting.

Union Leader Laid Off: A Personal Perspective

François Hommeril, president of the CFE-CGC union, unexpectedly faced job loss, providing a personal perspective on the issue he has dedicated his career to fighting.

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What is the main focus of this article?

François Hommeril, president of the CFE-CGC union, was recently laid off from his job at Niche Fused Alumina. This is particularly noteworthy because he has spent his career advocating for workers' rights and has never personally experienced job loss before.

theglobeandmail.com

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Dec 4, 04:09

Cargill Announces 5% Global Layoff Amidst Strategic Restructuring

Cargill, facing low crop prices and a revenue drop to $160 billion in fiscal year 2024, is laying off 5% of its global workforce, primarily managerial roles, to streamline operations and cut costs; the impact on Canada is expected to be minimal.

Cargill Announces 5% Global Layoff Amidst Strategic Restructuring

Cargill, facing low crop prices and a revenue drop to $160 billion in fiscal year 2024, is laying off 5% of its global workforce, primarily managerial roles, to streamline operations and cut costs; the impact on Canada is expected to be minimal.

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What are the main reasons behind Cargill's decision to lay off 5% of its global workforce?

Cargill, a major agricultural commodities trader, announced a 5% global workforce reduction, primarily targeting managerial roles to streamline operations and cut costs. This follows a drop in revenue to $160 billion in fiscal year 2024 from $177 billion in 2023, with less than one-third of its businesses meeting earnings goals. The cuts aim to reduce redundancies and expand manager responsibilities.

dw.com

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Dec 2, 10:31

Indonesia to Form Task Force Amid 64,288 Layoffs

Facing 64,288 layoffs in 2024, Indonesia's government will form a task force to study the issue, focusing on affected industries like manufacturing, services, and retail; Jakarta, Central Java, and Banten are hardest hit.

Indonesia to Form Task Force Amid 64,288 Layoffs

Facing 64,288 layoffs in 2024, Indonesia's government will form a task force to study the issue, focusing on affected industries like manufacturing, services, and retail; Jakarta, Central Java, and Banten are hardest hit.

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How do the recent minimum wage increases relate to the surge in layoffs across various sectors in Indonesia?

The formation of this task force follows a 6.5% increase in the minimum wage, potentially triggering further job losses. Analysis of affected industries aims to understand the fundamental issues driving these layoffs and inform future policy.

dailymail.co.uk

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Nov 19, 04:03

Boeing to Slash 17,000 Jobs Amidst Crisis

Boeing announces 17,000 job cuts, impacting Washington and Oregon, as it grapples with financial difficulties, legal issues, and production challenges.

Boeing to Slash 17,000 Jobs Amidst Crisis

Boeing announces 17,000 job cuts, impacting Washington and Oregon, as it grapples with financial difficulties, legal issues, and production challenges.

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How are the layoffs affecting Boeing's employees and unions?

The layoffs affect engineers and production workers, impacting major unions like SPEEA and IAM. Workers will receive severance and remain on payroll until January 17, 2025, due to federal regulations.

theguardian.com

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Nov 19, 04:03

DNC Layoffs Spark Union Accusations of Betrayal

The union representing workers at the DNC accuses the party of a "callous" betrayal after layoffs without severance, sparking a dispute over labor practices and highlighting the impact on affected workers.

DNC Layoffs Spark Union Accusations of Betrayal

The union representing workers at the DNC accuses the party of a "callous" betrayal after layoffs without severance, sparking a dispute over labor practices and highlighting the impact on affected workers.

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What were the DNC's justifications for the layoffs, and how did they address the union's concerns?

The DNC responded by stating that they had met the terms of the union agreement and that 95% of those laid off were cycle hires. They also claimed to have provided 60-day notice as per the WARN Act and that they were in communication with the union.

lefigaro.fr

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Nov 12, 16:04

Union President Laid Off Amidst French Job Cuts

François Hommeril, president of the CFE-CGC union, was unexpectedly laid off after 26 years, highlighting a broader wave of job cuts in France.

Union President Laid Off Amidst French Job Cuts

François Hommeril, president of the CFE-CGC union, was unexpectedly laid off after 26 years, highlighting a broader wave of job cuts in France.

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Who was laid off from their job?

François Hommeril, president of the CFE-CGC union, was laid off from his job at Niche Fused Alumina after 26 years. The company was taken over by Alteo, which let go of 51 employees.

corriere.it

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Nov 9, 16:15

Just Eat Milan Layoffs

Just Eat announces 50 layoffs in Milan as part of a cost-cutting and restructuring plan, drawing criticism from labor unions.

Just Eat Milan Layoffs

Just Eat announces 50 layoffs in Milan as part of a cost-cutting and restructuring plan, drawing criticism from labor unions.

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How did labor unions react to the news of the layoffs?

Labor unions, including Filcams Cgil, Fisascat, and Uiltucs, criticized Just Eat's decision, expressing concerns about the impact on workers and potential exploitation of cheaper labor in other countries.

Showing 157 to 168 of 173 results