Nissan sees $4.5bn loss as market pressures mount
Nissan cuts 11,000 more jobs and shuts seven plants as global restructuring deepens amid sales decline and failed merger....
Tag : job cuts
MicroStrategy’s bitcoin holdings top $45 billion in market value
MicroStrategy cut 20% of its workforce as it doubled its bitcoin holdings in 2024, spending $22.1 billion on cryptocurrency while shedding 400 jobs across key...
UK firms to slash jobs as tax hikes and costs squeeze margins
UK employers face a decade-high redundancy surge as tax hikes and rising costs erode confidence, with firms slashing jobs to counter financial pressures in an...
Meta job cuts hit thousands as AI investments reshape workforce
Meta is laying off 3,600 employees, or 5% of its workforce, as it continues restructuring in 2025. The layoffs, focused on “low performers,” impact multiple...
European markets struggle; Barclays surges 7% on earnings
European markets struggle amidst global sentiment uncertainty, while Barclays surges 7% on strong earnings....
Tech industry sees 32,000 job cuts in ongoing layoff wave
Despite job postings in AI surge, layoffs continue as tech firms trim excess workforce, awaiting economic stability....
Deutsche Bank to slash 3,500 jobs amidst $4.5 billion profit
Deutsche Bank, amidst a $4.5 billion profit, cut 3,500 jobs as part of a cost-cutting strategy, capitalizing on global interest rate trends....
UPS reports disappointing Q4 earnings and reveals 12,000 job cuts
UPS reports disappointing Q4 earnings and unveils 12,000 job cuts, aiming to streamline resources in 2024....
eBay cuts 1,000 full-time jobs in 9% workforce reduction
eBay cuts 1,000 jobs (9% of its workforce) as CEO Iannone emphasizes reducing alternate workforce contracts....
Vietnam shoemaker PouYuen to lay off 6,000 workers amid plummeting demand
One of Vietnam’s leading shoe manufacturers, catering to brands like Nike Inc and Adidas AG, announced plans to lay off thousands of employees due to...