Layoff

Noida-based YesMadam has faced backlash after firing over 100 employees who reported high-stress levels in a recent survey. HR's email notifying terminations has gone viral, drawing criticism online

YesMadam's controversial 'fired for stress' campaign has sparked outrage on social media, with users calling it a cheap PR stunt

Agribusiness giant Cargill is laying off thousands of its employees. Cargill confirmed this week that it would be reducing its global workforce by about 5%. In a statement sent to The Associated Press on Tuesday, the food production company said that the cuts were part of a long-term strategy to strengthen Cargill's impact, which includes realigning resources. Minnesota-based Cargill did not immediately provide further specifics around the layoffs. But a 2024 annual report from the company noted that it had more than 160,000 employees worldwide, meaning the latest job cuts would be set to impact around 8,000 workers. As a privately-held company, Cargill doesn't regularly publish its finances publicly. A 2024 report from the company, however, notes that it operates in 70 countries and sells to 125 markets raking in some $160 billion in annual revenue. That's down from $177 billion in revenues seen the year prior. This week's layoff announcement arrives while much of the agricultura

The aim is to remove redundant roles, improve efficiency, increase margin and attain profitability, according to the sources

Boeing said in a notice filed with Washington's Employment Security Department on Monday that it has so far laid off 2,199 workers in the state, among job cuts that will eventually total about 17,000 across the company. The aerospace giant announced in October that it planned to cut about 10 per cent of its workforce in the coming months as it struggles to recover from financial and regulatory troubles as well as a strike by its machinists that lasted nearly two months. The planned cuts include workers at Boeing facilities across the country, from Washington to Missouri to Arizona to South Carolina, The Seattle Times reported. They also appeared to impact workers in all three of Boeing's divisions -- commercial aeroplanes, defence and global services. Before the layoff notices were delivered last week, Boeing had 66,000 workers in Washington. Among the layoffs so far are notices that went out last week to more than 400 members of Boeing's professional aerospace labour union, the ..

Boeing has delivered layoff notices to more than 400 members of its professional aerospace labour union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its Machinists union. The pink slips went out last week to members of the Society of Professional Engineering Employees in Aerospace, or SPEEA, The Seattle Times reported. The workers will remain on the payroll through mid-January. Boeing announced in October that it planned to cut 10 per cent of its workforce, about 17,000 jobs, in the coming months. CEO Kelly Ortberg told employees the company must "reset its workforce levels to align with our financial reality". The Society of Professional Engineering Employees in Aerospace, or SPEEA, union said the cuts had affected 438 members. The union's local chapter has 17,000 Boeing employees who are largely based in Washington, with some in Oregon, California and Utah. Of those 438 workers, 218

The layoffs come as car company is trying to reposition itself as a leader in electric vehicles and software, which are both costly. GM is aiming to cut $2 bn to $4 bn in losses on EVs next year

Meanwhile, other brands under Booking Holdings - such as Priceline, Agoda, Kayak, and OpenTable - are not expected to be impacted

Deloitte recently laid off around 250 advisory staff members in the UK, while EY's annual report on Thursday revealed a reduction of 2,450 employees over the past fiscal year, a first in 14 years

These terminations are separate from the team restructurings and took place last week

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

China's private economy contributes over half of the country's tax revenues, more than 60 per cent of its gross domestic product, and employs over 80 per cent of urban workers

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company's best-selling airline planes. New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will include executives, managers and employees. The company had already imposed rolling temporary furloughs, but Ortberg said those will be suspended because of the impending layoffs. The company will delay the rollout of a new plane, the 777X, to 2026 instead of 2025. It will also stop building the cargo version of its 767 jet in 2027 after finishing current orders. Boeing has lost more than $25 billion since the start of 2019. Union machinists have been on strike since Sept. 14. Two days of talks this week failed to produce a deal.

The South Korean company has about 147,000 staff overseas, more than half of its total employee of more than 267,800, according to its latest sustainability report

The latest round of layoffs follows Disney's recent 140 job cuts in its TV division, which was 2 per cent of its workforce, as well as 175 layoffs at Pixar, which represents 14 per cent of its staff

In a statement related to the layoffs, Hershey said it remains focused on transforming its business

The company said moves, which include reduced spending on suppliers, were necessary because our business is in a difficult period

Xbox employees had been bracing for further reductions after Microsoft cut 1,900 jobs, many from Activision units and studios, in January

PwC's US unit will lay off around 1,800 workers, its first formal job cuts since 2009, as part of a restructuring process amid decreased demand for certain services, its US leader, Paul Griggs said

Goldman Sachs' annual review process has historically resulted in workforce reductions of 2 to 7%, depending on financial performance and market conditions