The decision follows dwindling demand for EVs and intensifying competition from Chinese manufacturers
Read More
This is part of a larger plan to downsize its workforce as the company grapples with financial difficulties, regulatory setbacks and an eight-week machinists’ union strike
Read More
Impacted employees will remain on the company's payroll until January, in compliance with federal regulations requiring a 60-day notice
Read More
The announcement follows a significant 46% decline in profit within Siemens' core digital industries business
Read More
The company laid off about 15,000 employees in August and scaled back perks like internet, phone, and travel reimbursements
Read More
As per reports, Audi aims to reduce its workforce by around 6,500 positions, with 2,000 roles affected in development alone
Read More
The solar inverter manufacturer is implementing these cuts to streamline operations amid declining residential solar demand, particularly in Europe
Read More
The company is scaling back global production capacity by 20%, in response to weakening sales in key markets like China, North America & Japan
Read More
Hegde shared on LinkedIn that the decision aligns with the company’s current focus on achieving cost efficiencies through artificial intelligence integration
Read More
CEO Dennis Woodside emphasised that the layoffs are part of the company’s broader strategy to enhance efficiencies and refocus on core priorities
Read More
