Job Cut

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Boeing has laid off hundreds of additional employees in Washington state and California as part of planned cuts that will eventually reduce the company's workforce by about 17,000. Nearly 400 Boeing employees were laid off in Washington state and more than 500 in California, news outlets reported Monday. The aerospace giant announced previously it would reduce its workforce by 10% in the coming months as it tries to recover from financial and regulatory troubles and a strike by its machinists that lasted almost two months. CEO Kelly Ortberg has said the strike did not cause the layoffs, which he said was the result of overstaffing. In November, the company started notifying workers who would be laid off. Notices filed with state employment agencies showed the first round of cuts impacted about 3,500 people around the country, The Seattle Times reported. Those cuts touched people in roles from engineers to recruiters to analysts and impacted Boeing's commercial, defense and global

Heavy recruitment by the armed forces and defence industries has drawn workers away from civilian enterprises, as has emigration, pushing unemployment to a record low of 2.3 per cent

Companies across Europe are being forced to freeze hiring or cut jobs on difficult economy and persistent weak demand for many products

Ford Motor Co. says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker than expected sales of electric cars. Ford said most of the job cuts would come in Germany and would be carried out in consultation with employee representatives. The company said that it would also reduce working time for workers at its Cologne, Germany plant where it makes the Capri and Explorer electric vehicles. Dave Johnston, Ford's European vice president for transformation and partnerships, said in a statement that it is critical to take difficult but decisive action to ensure Ford's future competitiveness in Europe. The company said that the global auto industry continues to be in a period of significant disruption as it shifts to electrified mobility. The transformation is particularly intense in Europe where automakers face significant competitive and economic headwinds while also tacklin

These job cuts at Airbus, which represent around 7 per cent of its defence and space division's workforce, are expected to be implemented by mid-2026

The European planemaker aims to implement the cuts, which represent 7 per cent of its workforce in the Defence & Space unit, by the middle of 2026

South Korea-based Samsung has instructed subsidiaries worldwide to reduce sales and marketing staff by about 15 per cent and the administrative staff by up to 30 per cent

That would work out to about 1,000 people, based on its reported employee count at the end of last year

Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity. The company based in San Jose, California, did not specify the number of jobs it is cutting. It had 84,900 employees as of July 2023. Based on that figure, the number of jobs cut would be about 5,900. In February, Cisco announced it would cut about 4,000 jobs. The networking equipment maker said in June that it would invest $1 billion in tech startups like Cohere, Mistral and Scale to develop reliable AI products. It recently also announced a partnership with Nvidia to develop infrastructure for AI systems. Cisco's layoffs come just two weeks after chipmaker Intel Corp announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. Intel's quarterly earnings report disappointed investo

Intel, which employed 116,500 people as of June 29, excluding some subsidiaries, said the majority of the job cuts would be completed by the end of 2024

Software engineers, consultants made the most such withdrawals in 18 countries, says payroll company Deel

Hemant Bakshi's exit coincides with company's impending restructuring efforts, poised to impact at least 10 per cent of the workforce

Job scarcity, price hikes, and a first class bias - the voices echo down the Brahmaputra Mail's corridors. Dhruvaksh Saha buys a ticket to reality

Musk last announced a round of job cuts in 2022, after telling executives he had a "super bad feeling" about the economy

The firm has warned about 3,000 of its consultants that their performance was unsatisfactory and will need to improve

The latest round of layoffs at edtech firm is estimated to affect between 100 to 500 employees

The company also plans to cut costs separately by eliminating facilities and the use of consultants and will streamline processes, it said in a statement on Monday

The company and its online travel peers such as Airbnb Inc. and Booking Holdings are contending with moderating travel growth

RBC had injected about $2.95 billion into the US unit in October to bolster its capital, as a part of management actions to improve profitability at City National