job cuts

crowdstrike-announces-500-employee-layoffs-amid-ai-shift

Tech

4 months ago

CrowdStrike Announces 500 Employee Layoffs Amid AI Shift

CrowdStrike, a leader in cybersecurity software, announced Wednesday that it would lay off 500 employees, representing about 5% of its workforce. CEO George Kurtz attributed the decision to advancements in artificial intelligence

southwest-airlines-announces-first-ever-mass-layoffs

Business

7 months ago

Southwest Airlines Announces First-Ever Mass Layoffs

Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — marking the first mass layoffs in the company’s history. Details of the Workforce Reduction The layoffs,

hsbc-reports-3%-workforce-reduction-and-stable-bonus-pool

Business

7 months ago

HSBC Reports 3% Workforce Reduction and Stable Bonus Pool

HSBC’s headcount fell by 3% in 2024 while its staff bonus pool remained largely unchanged, according to the bank’s financial report issued on Wednesday. The Asia-focused lender continues to focus on cost-cutting

Amazon Cuts Jobs in AWS Amid Refocus on Priorities

Layoffs Hit Cloud Division After Internal Review Amazon confirmed it is laying off employees within its cloud computing arm, Amazon Web Services (AWS), as part of a restructuring effort aimed at realigning

2 months ago

Tech

Starbucks Expands Office Mandate to Four Days a Week

Corporate Staff Face October Return or Exit Offer Starbucks has informed its corporate workforce that they will be required to return to the office four days per week starting in October. The

2 months ago

Business

Indeed and Glassdoor Cut 1,300 Jobs Amid AI Shift

Recruit Holdings Moves Toward AI-Driven Operations Recruit Holdings, the Japanese parent company of job platforms Indeed and Glassdoor, is laying off around 1,300 employees as it accelerates its adoption of artificial intelligence.

2 months ago

Business

UPS Offers Driver Buyouts, Sparking Union Backlash

Teamsters call the move illegal as UPS seeks to cut 20,000 jobs UPS has announced voluntary buyouts for unionized delivery drivers for the first time in its history, a move aimed at

3 months ago

Business

P&G to Cut 7,000 Jobs in Restructuring Amid Trade Challenges

Procter & Gamble (P&G) announced plans to cut 7,000 jobs, or 15% of its non-manufacturing workforce, as part of a broader two-year restructuring program. This move comes as the company faces rising

4 months ago

Business

Volvo Cars to Lay Off 3,000 Jobs Amid Restructuring Efforts

Volvo Cars announced plans to cut 3,000 mostly white-collar jobs as part of a restructuring effort aimed at reducing costs and adapting to a slowdown in electric vehicle demand and ongoing trade

4 months ago

Business

Volkswagen and Labor Unions Near Historic Pay and Jobs Deal

Volkswagen (VW) is edging closer to an agreement with labor representatives after months of tense negotiations over wages, jobs, and plant operations. These discussions, which began in September, mark the company’s longest-ever

9 months ago

Business