Wednesday, December 24, 2025
Today's Print

Tag: job cuts

Crisis-hit VW to close plants, cut pay—report

FRANKFURT, Germany—Volkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic cost-cutting...

Morgan Stanley plans more job cuts—US media

NEW YORK, USA—Morgan Stanley is planning to cut more jobs after reporting a drop in profit during the first three months of the year,...

Cost-cutting Accenture to cut 19,000 jobs worldwide

Tech consultancy Accenture announced Thursday (Friday in Manila) it will be cutting around 19,000 jobs, or 2.5 percent of its workforce, spread over the...

Meta announces 10,000 job cuts amid downsizing

WASHINGTON, United States—Facebook owner Meta announced a fresh wave of job cuts on Tuesday, part of what CEO Mark Zuckerberg called the company’s “year...

Twitter lays off more staff amid Musk controversy

SAN FRANCISCO, United States—Reports of more layoffs at Twitter landed on Monday as owner Elon Musk waded into a racism controversy that risked pushing...

McKinsey plans to slash 2,000 jobs on cost savings

SAN FRANCISCO, United States —Global consulting giant McKinsey plans to let go 2,000 of its employees, Bloomberg News reported Tuesday. The round of layoffs would...

Nike, Adidas shoemaker to cut 6,000 jobs on order slump

HANOI—One of Vietnam’s largest shoe manufacturers for major brands such as Nike and Adidas will cut thousands of workers at the end of the...

Video conferencing star Zoom lays off about 1,300 people amid spending cuts

SAN FRANCISCO, United States—The company behind the Zoom video conferencing platform—which became a household name during the pandemic—announced Tuesday it is laying off about...

US tech giant Dell to lay off 5% of its global workforce

WASHINGTON—American computer firm Dell said Monday that it will lay off some five percent of its global workforce, or around 6,650 employees, the latest...

Medtech maker Philips cuts 6,000 more jobs after sleep device recall

THE HAGUE, Netherlands—Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide after fresh losses caused by a...

Google cuts 12,000 jobs as tech woes bite again

Google’s parent company Alphabet announced it will cut about 12,000 jobs globally, citing a changing economic reality as it became the latest US tech...

Microsoft to axe 10,000 jobs amid US tech downturn

WASHINGTON—Microsoft on Wednesday said it would lay off 10,000 employees in the coming months as the economic downturn continues to punish US tech giants. The...

Hewlett Packard announces up to 6,000 job cuts in 3 years

San Francisco, United States—Computer-maker Hewlett Packard on Tuesday said it would layoff as many as 6,000 employees over the next three years as the...

Aircraft builder Airbus seeks gov’t aid to minimize job cuts as workers fret

Frankfurt"•European aircraft builder Airbus dangled a lifeline Thursday for some employees menaced by 15,000 layoffs planned worldwide over the coronavirus, saying government aid could...
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