Dr. Reddy's Laboratories denies rumors of a 25% workforce cost reduction, calling the reports 'factually incorrect'. The company emphasizes its commitment to regulatory disclosures...
The US Small Business Administration plans a 43% workforce reduction, eliminating non-essential positions to align with pre-pandemic levels and President Trump's economic prioritie...
Santander UK plans to lay off 750 employees as part of a strategy to close 95 branches, aiming to modernize its network to 349 branches by June 2025, including various service mode...
Siemens AG is set to lay off over 6,000 employees globally, including 5,600 in automation and 450 in electric vehicle charging, aiming to enhance competitiveness. The company plans...
Porsche AG plans to reduce its workforce by 3,900 by 2029 as part of a strategic rescaling program. The company aims to adapt to industry changes, with significant investments in p...
Porsche AG has announced a strategic reduction of 3,900 jobs by 2029 to ensure future growth, with 1,900 cuts through natural turnover and 2,000 via expiring contracts. The company...
Banks are increasingly adopting automation and AI, leading to workforce reductions. This shift towards digitalization is reshaping the banking sector, with a focus on enhancing eff...
Goldman Sachs is set to reduce its workforce by 3% to 5%, with vice presidents expected to be the main target. CEO David Solomon cited overhiring as a key reason, aiming to enhance...
Porsche AG plans to cut 1,900 jobs in Germany by 2029, ensuring job security until 2030 and focusing on voluntary redundancies. The company also stops renewing temporary contracts,...
Porsche AG is set to lay off 1,900 employees in Germany by 2029, with job security guaranteed until 2030. The company has ceased renewing temporary contracts, affecting 1,000 posit...
Chevron plans to reduce its global workforce by 15%-20% as part of a cost-saving strategy aiming to save up to $3 billion. The layoffs, starting this year and mostly completed by 2...
Chevron plans to reduce its global workforce by 15%-20% as part of a cost-cutting strategy aiming to save up to $3 billion. The layoffs, announced by Vice Chairman Mark Nelson, are...
BP plc's stock surged 7% following rumors of a stake sale to Elliott Investment Management, hinting at dramatic changes. Amidst speculation, BP's recent announcement of global work...
Meta Platforms Inc. is set to announce a significant workforce reduction, affecting around 3,600 employees identified as low-performing. Employees will receive severance package no...
Meta Platforms Inc. is set to announce significant staff layoffs, affecting around 3,600 employees identified as low-performing. Employees will be notified via email about their se...
Meta Platforms Inc. is set to announce a significant workforce reduction, affecting around 3,600 employees identified as low-performing. Affected employees will receive severance p...
General Motors announces a 50% workforce reduction at its Cruise Robotaxi division following a strategic decision to cease funding, highlighting the competitive and costly nature o...
Ubisoft Entertainment SA is set to lay off over 200 employees across its European offices as part of a cost-reduction strategy. The layoffs will affect offices in the UK, Germany, ...
India's IT sector sees a structural shift with a significant reduction in workforce among top firms due to automation. Infosys and HCLTech buck the trend, adding employees, while o...
Tech Mahindra reports a 1.3% year-on-year revenue growth in the December quarter, with a slight increase in sequential revenue. CEO Mohit Joshi emphasizes strategic wins and operat...
BP plc is set to reduce its global workforce by 4,700 employees and cut 3,000 contractor positions as part of its cost-cutting strategy. The company anticipates a drop in fourth-qu...
Wayfair Inc. announces its withdrawal from the German market to focus on core regions like Canada, the UK, and Ireland, citing the need to realign resources for greater impact. Thi...
