Layoff News
Microchip Technology to lay off 2,000 employees
Microchip Technology has announced plans to cut its workforce by about 2,000 employees, nearly 9% of its total staff.
Ola Electric is firing over 1,000 employees to curb losses
Ola Electric is laying off over 1,000 employees and contract workers, as per Bloomberg. The move comes as the company attempts to curb its growing losses.
Mark Cuban offers support to laid-off US government tech workers
Billionaire investor Mark Cuban has joined the conversation surrounding a recent reshuffle of the US government's tech department, extending his support to the recently dismissed federal employees.
Meta fires around 20 employees for leaking confidential company information
Meta, the tech giant led by Mark Zuckerberg, has fired around 20 employees for leaking confidential company information.
Google lays off employees in cloud division
Google has confirmed a reduction in its cloud division workforce, affecting less than 100 employees mostly working in sales operations.
Why Starbucks is laying off 1,100 corporate employees
Starbucks, the global coffee chain giant, has announced plans to lay off 1,100 of its corporate employees.
AI effect: Banking giant DBS to lay off 10% workforce
DBS Group, a leading global banking corporation, wants to cut its workforce by 10% or 4,000 employees over the next three years.
National Science Foundation fires 10% of workforce on Trump's order
The US National Science Foundation (NSF) has laid off nearly 10% of its workforce. The layoffs were announced on Tuesday, with 168 employees being let go.
Terminated Meta employees allege layoffs were not based on performance
Meta, the parent company of Facebook and Instagram, is facing the ire of its employees over a string of layoffs. The tech giant announced plans to fire over 3,000 workers.
Jeff Bezos's Blue Origin to lay off hundreds of employees
Blue Origin, Jeff Bezos's space exploration company, is said to be gearing up for a major job cut.
Meta initiates mass layoff, nearly 3,700 employees to be affected
Meta has kicked off a major redundancy process today, one that is likely to affect around 5% of its global workforce.
Boeing laying off 400 employees from SLS Moon rocket program
US aerospace giant Boeing has announced plans to lay off around 400 employees from its Space Launch System (SLS) Moon rocket program.
Meta to start laying off employees worldwide from Monday
Meta Platforms, the parent company of Facebook, will embark on a global layoff drive starting this Monday.
Sprinklr lays off 500 employees due to weak business performance
US-based customer experience management platform provider Sprinklr has confirmed that it has laid off nearly 15% of its workforce.
Salesforce to lay off 1,000 employees amid AI product expansion
Salesforce, a leading customer relationship management software provider, is planning to lay off over 1,000 employees.
Swiss banking giant Julius Baer to lay-off nearly 400 employees
Swiss banking giant Julius Baer has announced plans to cut its workforce by around 5%. The layoff is as part of a cost-saving strategy launched by the new CEO, Stefan Bollinger.
Porsche considers terminating CFO, sales chief contracts amid poor sales
German luxury car maker, Porsche, is considering firing its Chief Financial Officer Lutz Meschke and Sales Executive Detlev von Platen.
Gaming giant Ubisoft closes UK studio, lays off 185 employees
Ubisoft has announced plans to shut down its Leamington studio in the UK and lay off around 185 employees.
CNN, NBC to lay off employees amid digital shift
Cable News Network (CNN) will lay off hundreds of its employees today, CNBC reported.
Oil giant British Petroleum to lay off 4,700 employees
Oil giant British Petroleum (BP) has announced plans to cut thousands of jobs as part of a major cost-cutting effort.
Google-backed unicorn ShareChat to lay off 5% of workforce
Indian social media platform ShareChat, which is backed by Google and Temasek, is preparing to lay off about 5% of its workforce, as per Moneycontrol.
Meta to fire 3,600 'low-performing' employees in latest layoff round
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, is preparing to fire around 3,600 employees flagged as underperformers.
Global banks may cut 200,000 jobs as AI takes over
Global banks are expected to cut up to 200,000 jobs in the next three to five years as artificial intelligence (AI) continues to seep into the work done by humans.
Microsoft to lay off underperforming employees in workforce restructuring move
Microsoft is planning to lay off a bunch of its underperforming employees, according to Business Insider.
Why Bezos-owned Washington Post is axing 4% of its workforce
The Washington Post, a leading US newspaper owned by Amazon founder Jeff Bezos, has announced plans to lay off nearly 100 workers or 4% of its staff.
BSNL may lay off around 19,000 employees via VRS
The Department of Telecommunications (DoT) is planning to propose a second voluntary retirement scheme (VRS) for Bharat Sanchar Nigam Limited (BSNL).
Stellantis reverses plan to lay off 1,100 employees in US
Italian automaker Stellantis has reversed its decision to lay off around 1,100 employees at an Ohio-based Jeep plant.
Google cuts 10% of management roles in latest layoff round
As part of an ongoing efficiency drive, Google has slashed its top management roles by 10%, CEO Sundar Pichai revealed in a company-wide meeting on Wednesday, according to Business Insider.
YesMadam denies firing stressed employees, calls it awareness campaign
Noida-based beauty services start-up YesMadam has denied allegations of firing employees over work-related stress.
Boeing lays off hundreds of employees, resumes 737 MAX production
Aerospace giant Boeing has confirmed that it has laid off nearly 900 employees across Washington and California.
Beleaguered German steel giant Thyssenkrupp to slash 11,000 jobs
Germany's largest steelmaker, Thyssenkrupp Steel Europe (TKSE), has announced a major cut in its workforce by 2030.
Ola Electric to lay off 500 employees in restructuring move
Ola Electric is preparing to lay off over 500 employees across different roles as part of a restructuring plan, according to Moneycontrol.
Ford to cut 4,000 jobs in Europe by 2027
US automaker Ford has announced plans to cut its workforce by 4,000 in Europe by the end of 2027.
US heading toward 'millions' of government job cuts: Vivek Ramaswamy
Entrepreneur-turned-politician Vivek Ramaswamy has hinted at a drastic cut to federal government jobs in the United States.
General Motors fires 1,000 employees amid cost-cutting and reorganization
General Motors (GM), one of the world's largest automakers, has laid off around 1,000 employees as part of its cost-cutting and restructuring strategy.
Boeing begins process to cut 17,000 jobs
Boeing will begin sending layoff notices this week as part of its plan to cut around 17,000 jobs or nearly 10% of its global workforce.
Siemens to cut around 5,000 jobs in factory automation division
Siemens is planning to layoff up to 5,000 workers in its factory automation division.
AMD to lay off 1,000 employees amid AI-focused business realignment
Advanced Micro Devices (AMD), one of the world's top chipmakers, has announced plans to cut its workforce by some 4%.
Amazon discontinues 4-year-long project to develop fertility tracker
Amazon has killed a secret project to build a home-based fertility tracker, according to CNBC.
CNN to fire hundreds of employees as ratings tank: Report
After suffering a major ratings drop during the recent Presidential Election Day coverage in the US, CNN is gearing up for major layoffs, as per Puck News.