Nissan sees $4.5bn loss as market pressures mount
Japanese automaker Nissan has announced a sweeping global restructuring plan that includes cutting an additional 11,000 jobs and shutting down seven manufacturing plants. The decision...
Tag : job cuts
MicroStrategy’s bitcoin holdings top $45 billion in market value
MicroStrategy, now operating under the name Strategy, has significantly reduced its workforce while aggressively expanding its bitcoin holdings. The company disclosed in its audited 2024...
UK firms to slash jobs as tax hikes and costs squeeze margins
UK businesses are preparing for the largest wave of redundancies in a decade as confidence in the economic outlook plummets, driven by tax increases set...
Meta job cuts hit thousands as AI investments reshape workforce
Meta is laying off approximately 3,600 employees, accounting for about 5% of its workforce, as part of its ongoing restructuring efforts in 2025. The layoffs,...
European markets struggle; Barclays surges 7% on earnings
European stock markets experienced a lackluster performance on Tuesday, reflecting the ongoing struggle to uplift sentiment amidst global market uncertainties. The pan-European Stoxx 600 index...
Tech industry sees 32,000 job cuts in ongoing layoff wave
In a continuation of an unsettling trend, the tech industry is facing yet another wave of job cuts, further exacerbating the repercussions of widespread layoffs...
Deutsche Bank to slash 3,500 jobs amidst $4.5 billion profit
In a surprising move, Deutsche Bank has declared its intention to cut 3,500 jobs as part of a broader strategy to trim costs by 2.5...
UPS reports disappointing Q4 earnings and reveals 12,000 job cuts
United Parcel Service (UPS) reported a significant drop in shipping volume, both domestically and internationally, in its fourth-quarter earnings report released on Tuesday. The company...
eBay cuts 1,000 full-time jobs in 9% workforce reduction
In a recent announcement, eBay revealed plans to eliminate approximately 1,000 full-time positions, marking a substantial 9% reduction of its workforce. The move comes as...
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...