Articles for Layoffs

KPMG Cuts 330 Audit Jobs

The workforce reduction has taken place is the U.S audit division

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Alibaba Downsizing Metaverse Unit Amid Strategic Restructuring

The restructuring has led to the layoff of dozens of employees at Yuanjing, impacting its operations in Shanghai and Hangzhou

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Bosch To Cut Over 7,000 Jobs In Germany

The job cuts will take place primarily within the automotive supply sector, tools department and BSH household appliances division

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X Prepares For Another Round Of Layoffs

The company has already seen significant reductions in its workforce, with more than 6,000 employees laid off since Musk’s acquisition in 2022

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October Job Cuts In Tech Reach Yearly Low, Signaling Industry Recovery

In September, about 3,941 employees were laid off by 35 tech companies, while October marked a further drop, with 3,080 positions eliminated across 30 companies

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Visa Plans To Cut 1,400 Roles

The layoffs will affect tech division, while others are in international sales and partnership roles

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Volkswagen Weighs Major Layoffs, 10% Pay Cut In German Restructuring

This plan includes the potential closure of three factories, as well as downsizing across all other German production facilities, raising serious concerns about job security for thousands of employees

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AI Takes Over Customer Service Operations At PhonePe

According to the company's FY23-24 annual report, the workforce in customer service dropped from 1,100 to just over 400

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Nokia To Slash Over 2,000 Jobs

The company plans to reduce nearly 2,000 jobs in Greater China and another 350 positions across Europe

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Airbus To Cut 2,500 Jobs In Defence & Space Division

These cuts, which represent around 7% of the division's workforce, are expected to take place by mid-2026

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