The company has said its ongoing, massive restructuring, which involves job cuts, switching to three business segments and other steps, will bring it $5.5 billion in savings. The move was ...
The latest wave of layoffs taking place this week is expected to bring the total number of job cuts to more than 6,500, approaching the 7,000 figure previously announced by Iger. As of October 1 ...
A debt default could cause nearly 8 million job cuts, Moody's Analytics said. As the U.S. hurtles closer to a default on its debt as early as next month, the economic consequences could prove ...
The third round of job cuts at the Walt Disney Co. is expected to begin on Tuesday. Sources told Deadline that over 2,500 jobs would be cut across the board during the latest job reduction wave.
The Deerfield-based company confirmed a report that 10 percent of the corporate workforce, or 504 jobs, is being eliminated.
The prized cloud and artificial intelligence arm of Alibaba is making significant job cuts, paving the way for the unit to go public on its own as part of the Chinese technology giant’s grand ...
Not long ago, tech seemed to promise more than virtually any other industry — more freedom, more perks and, for the lucky ones, more money. That made the calculus for young professionals easy.
White-collar workers have taken the brunt of layoffs and job cuts, breaking with the usual pattern leading into a downturn. WSJ explains why many professionals are getting the pink slip first.
"I think there is a potential for significant cuts at other companies without affecting their productivity, in fact increasing their productivity," Musk said during an interview at The Wall Street ...
Despite having faced “significant headwinds”, BT reported continued strong results for its 2023 fiscal year, but warned it would be making labour reductions in the tens of thousands as it ...
Year to date, job cuts are up nearly 400% from the same period a year ago, led by layoffs in the tech sector, according to a recent report by outplacement firm Challenger, Gray & Christmas.
The job cuts would affect the firm’s UK headquarters and operations in other countries, Vodafone (VOD) added in a statement. Shares slid more than 4% in London. “Our performance has not been ...
