The layoffs are planned for the first half of 2024 as part of a plan to save $100 million in expenses this year, president Michelle Gass told investors in the call.
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The to-be hired team will oversee content related to child sexual exploitation moderation (CSEM) after the platform faces scrutiny
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The e-commerce platform launches these performance-based labour cost cuts every year. The company currently employs approximately 22,000 workers
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In 2023, the company reduced its personnel by 10%, amounting to 8,000 employees and closed certain operations
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Europe's top chipmaker intends to expand its workforce by adding 'multiple hundreds of engineers' across India and Vietnam
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Despite macroeconomic problems, the company predicts strong growth and a big increase in margins in the coming quarter
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The fintech firm's decision to restructure will eliminate 282 roles across the organisation
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While the exact count and the nature of roles affected are not certain, the company has assured support to the departing employees.
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