Tag #Layoffs

Showing 37 to 48 of 217 results

nos.nl
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Wehkamp Cuts 10% of Workforce Amidst Financial Losses

Dutch online retailer Wehkamp is cutting 103 jobs (10% of its workforce) at its Zwolle and Hilversum offices to simplify the organization and address three years of financial losses, totaling nearly €8.7 million last year.

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40% Bias Score

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nbcnews.com
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AI's Limited Impact on US Job Losses in 2024

Despite executive warnings, AI-related job losses account for a small fraction of overall layoffs in 2024; economic uncertainty and cost-cutting are more impactful, with companies using AI to reduce headcount and freeze hiring rather than directly replacing workers.

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36% Bias Score

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theglobeandmail.com
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Microsoft Lays Off 9,000 Employees in Restructuring Focused on AI

Microsoft announced layoffs of approximately 9,000 employees, or about 4% of its workforce from a year ago, impacting its Xbox gaming division and other departments as part of a restructuring focused on AI and cloud computing; this follows a previous layoff of 6,000 employees in May.

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48% Bias Score

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bbc.com
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VOA Shut Down After Hundreds of Journalists Fired

President Trump's administration fired hundreds of Voice of America journalists, effectively shutting down the US-funded news outlet, leaving only 50 employees across VOA, the Office of Cuba Broadcasting, and the US Agency for Global Media (USAGM), following an order in March to eliminate the agency...

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cbsnews.com
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P&G to Cut 7,000 Jobs Amidst Sales Decline

Procter & Gamble announced 7,000 job cuts (15% of its non-manufacturing workforce) over two years due to declining sales ($19.8 billion in Q3, down 2% year-over-year) and a challenging business environment; the company also plans portfolio changes, including possible brand divestitures.

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nbcnews.com
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US Job Openings Rise Unexpectedly in April Despite Layoff Increase

The Bureau of Labor Statistics reported nearly 7.4 million job openings in April, exceeding expectations despite rising layoffs and softening sentiment, suggesting a relatively steady labor market.

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dailymail.co.uk
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UPS Announces 20,000 Job Cuts and Facility Closures

UPS is offering voluntary buyouts to its US drivers following the announcement of 20,000 job cuts and 73 facility closures, part of a \$3.5 billion cost-reduction plan aiming for a 12 percent US operational margin by next year; this follows the company's decision to halve Amazon deliveries and comes...

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repubblica.it
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Microsoft Cuts 9,000 Jobs Amidst Gaming Division Restructuring

Microsoft is cutting 9,000 jobs (4% of its workforce), impacting its gaming division significantly, closing studios like The Initiative and canceling projects like Perfect Dark and Everwild, despite record profits, signaling a potential systemic crisis in AAA game development.

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cincodias.elpais.com
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Teleperformance Cuts 251 Jobs Amidst Union Disputes

Teleperformance's redundancy plan resulted in 251 job losses in Spain – 218 voluntary and 33 forced – due to the loss of Vodafone and Verisure campaigns, prompting union disputes and highlighting the sector's volatile nature.

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nbcnews.com
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460 CDC Employees Reinstated After Layoffs

More than 460 CDC employees laid off in April were reinstated Wednesday, according to a union and HHS, partially restoring programs impacted by cuts in infectious disease, environmental health, and information access, but not fully reversing the damage.

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cbsnews.com
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Unemployment Claims Surge to Eight-Month High, Signaling Potential Labor Market Slowdown

Initial U.S. unemployment claims reached a eight-month high of 247,000 for the week ending May 31, exceeding expectations and indicating a potential labor market slowdown amid tariff concerns and large-scale layoffs at major companies, including over 280,000 federal job cuts this year.

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dailymail.co.uk
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Disney Announces Hundreds of Layoffs Amidst Cost-Cutting Drive

On Monday, Disney laid off hundreds of employees across various film and television departments as part of a larger cost-cutting initiative aiming for $7.5 billion in reductions and 7,000 job eliminations, despite reporting better-than-expected second-quarter earnings.

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Showing 37 to 48 of 217 results