Page 3 - Job Cut

Money transfer service Zepz to lay off 420 employees, 26% of its workforce

Zepz said that it was implementing "workforce optimisation" to account for roles that had been duplicated following its combination of Sendwave with WorldRemit, according to the report

Vodafone to slash 11,000 jobs over next 3 yrs in new CEO's turnaround plan

Adjusted free cash flow, a closely watched metric, will drop by about 31% to €3.3 billion ($3.6 billion) in the fiscal year ending in March, following divestments

Akamai Tech lays off nearly 3% of global workforce impacting 300 workers

"This was a difficult decision, but it was necessary for us to prioritise investments in the areas with the greatest potential for future growth as we strive to deliver greater value for shareholders"

Paramount Media Networks slashes 25% jobs, to also shut down MTV News

"Through the elimination of some units and by streamlining others, we will be able to reduce costs and create a more effective approach to our business as we move forward"

Chip-maker Intel confirms to cut further workforce to reduce costs

Intel said that it is working to accelerate its strategy while navigating a challenging macro-economic environment

Vroom lays off 11% of workforce as part of 'organisational restructuring'

US-based online used-vehicle retailer Vroom has laid off 11 per cent of its workforce, or around 120 employees, across different departments and locations

Software firm Amplitude lays off 99 employees, 13% of workforce globally

"Unfortunately, we are not immune to the headwinds being faced by our customers or to the macroeconomic environment at large"

Walt Disney begins job cuts with goal of eliminating 7,000 positions

The cuts are expected to fall on all parts of the company, including theme parks and the ESPN sports networks

Apply for jobs, give interviews on tourist, biz visa in US: Federal agency

The move by the USCIS came as thousands of highly skilled foreign-born workers, including Indians, in the US, have lost their jobs due to a series of recent layoffs at companies like Google, Microsoft

KPMG lays off 700 people in US, 1st among Big4 accounting firms to cut jobs

KPMG has announced that it is laying off 2 per cent of its workforce at its office in the United States with an aim to keep costs low as the economy slows

Ford to cut 3,800 engineering, administration jobs in Europe in next 3 yrs

Around 2,300 jobs will go at the carmaker's Cologne and Aachen sites in Germany, 1,300 in the UK and 200 in the rest of Europe, the company said

Meta beats Street, announces $40-bn buyback; to sack some mid-level staff

'Year of efficiency', says Zuckerberg; shares surge over 20%. The stock has added $237 bn in market value since its November low

Paypal to cut 2,000 jobs in push to trim costs amid economic slowdown

While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do: Dan Schulman

Without salary for over a yr, HEC employees seek redressal, may move court

Around 1,300 staff of Heavy Engineering Corporation (HEC), the PSU that some years ago built a launch pad for ISRO, have not been paid their salaries for over a year forcing them to live in penury, and now they have threatened to move court if the issue is not addressed soon. The employees alleged that because of this situation, they are unable to pay their children's education fees or treat ailing family members properly, and some of them including officers have started selling fruits or tea to make both ends meet. Workers and officers of the Ranchi-based PSU have formed a combined forum, HEC Adhikari Evam Karmachari Jankalyan Sangh, to fight the battle. Its president Prem Shankar Paswan told PTI that they have drawn the attention of President Droupadi Murmu, Prime Minister Narendra Modi, Chief Justice of India D Y Chandrachud, the NHRC and others to their plight through emails on January 23. If our problem is not resolved soon, we will have to move court in February, Paswan ...

Firms expect layoffs, cut down in expansions in 2023 amid recession fears

A survey of national economists found that more businesses now expect job reductions at their firms and to spend less on expansions for the first time since the pandemic, a sign that the Federal Reserve's push to raise interest rates is doing its job to slow the economy. But the survey shows that business owners are still concerned that the Fed's decision-making could push too hard on the economy and potentially put the US into a recession this year. The January survey by the National Association for Business Economics found that its respondents put on average a reading of -7 on how much they plan to hire at their firms, down from previous reading of +8 in October, when NABE did its previous survey. However, due to inflation, the survey shows that businesses still expect to pay higher wages for the workers they are holding onto. The results of the January 2023 NABE Business Conditions Survey indicate widespread concern about entering a recession this year, said NABE President Julia

Owner Jeff Bezos makes a rare visit at Washington Post amid layoffs fears

I'm delighted to be here and see all these faces... Let's have a news meeting," he told the senior staff present in the meeting on Thursday

Amazon poised to kick off fresh round of job cuts affecting 18,000 people

The eliminations started last year and initially fell hardest on Amazon's Devices and Services group, which builds the Alexa digital assistant and Echo smart speakers

Canadian firm Clearco lays off 30% of workforce in second round of job cut

This is the second round of job cuts, as back in July, Clearco laid off 125 employees or 25 per cent of its workforce.

Microsoft to cut engineering jobs this week as layoffs go deeper: Report

Microsoft most recently shrank its workforce in October and July, and has eliminated open positions and paused hiring in various groups

Goldman Sachs to cut about 3,200 jobs this week after cost review

The cuts also come a week before the bank's traditional year-end compensation discussions