Tag: Layoffs
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Volkswagen jumps 6% on plans to cut 50,000 jobs amid tariffs, China competition
Volkswagen shares jumped on Friday after it announced plans to slash a further 50,000 jobs as part of its transformation plan.
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After a long job search, this 45-year-old is ditching corporate for nursing school—she wishes she’d done it earlier
Kristy Layden spent over a year job searching after losing her job as a senior manager in e-commerce and fulfillment. Now she’s going to nursing school instead.
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Toyota distributor Borneo Motors lays off workers in restructuring exercise
Affected employees were notified on Jul 30, which was also their last working day.
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Porsche to axe one in five jobs by 2035 as China, EV woes bite
BERLIN: German luxury carmaker Porsche will cut around one in five jobs by 2035, with 9,000 positions to be axed in total, as parent Volkswagen and its brands restructure in the face of weak demand and stiff competition.In a deal announced on Monday (Jul 27) after months of negotiations, Porsche management an
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US judge won’t block Meta from laying off workers who filed AI discrimination lawsuit
July 17 : A U.S. judge on Friday rejected a bid by 26 employees of Meta Platforms to block the tech giant from laying them off while they pursue claims that they were targeted for job cuts by the company’s AI-powered tools because they have disabilities or took medical leave. U.S. District Judge William Orri
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AI is changing older workers’ careers, research finds — here’s how
AI may either prompt some older workers to leave their jobs or help make their roles more efficient, research finds. Here’s which careers may be most affected.
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Majority of U.S. workers support an AI wealth fund as tech layoffs surge, survey finds
A majority of U.S. employees now want an AI sovereign wealth fund to hold corporations more accountable, according to a recent survey, as tech layoffs rise.
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Burnout, frustration and heartbreak: Amazon layoffs take their toll in saturated job market
In the eight-plus months since Amazon announced its most expansive job cuts ever, laid off workers have been thrust into an increasingly saturated labor market.
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Microsoft to cut under 2.5% of workforce in latest layoffs, Business Insider reports
June 30 : Microsoft is planning to cut under 2.5 per cent of its workforce in the latest round of layoffs that could be announced as early as next week, Business Insider reported on Tuesday, citing people familiar with the matter.The layoffs will impact thousands of roles, including sales and consulting, as w
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Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants
“The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” Oracle said.
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