Porsche to cut 5000 more jobs under restructuring plan
The decision brings total planned job eliminations across the company to approximately 9,000 positions, representing roughly 21 percent of its 42,066 workforce. Company leadership confirmed...
Tag : job cuts
Nissan shuts seven plants as sales and profits plunge
Nissan cuts 11,000 more jobs and shuts seven plants as global restructuring deepens amid sales decline and failed merger....
MicroStrategy’s bitcoin holdings top $45 billion in market value
MicroStrategy cut 20% of its workforce as it doubled its bitcoin holdings in 2024, spending $22.1 billion on cryptocurrency while shedding 400 jobs across key...
UK firms to slash jobs as tax hikes and costs squeeze margins
UK employers face a decade-high redundancy surge as tax hikes and rising costs erode confidence, with firms slashing jobs to counter financial pressures in an...
Meta lays off 3,600 employees as tech sector job cuts continue
Meta is laying off 3,600 employees, or 5% of its workforce, as it continues restructuring in 2025. The layoffs, focused on “low performers,” impact multiple...
Vietnam shoemaker PouYuen to lay off 6,000 workers amid plummeting demand
One of Vietnam’s leading shoe manufacturers, catering to brands like Nike Inc and Adidas AG, announced plans to lay off thousands of employees due to...
Wall Street faces staffing cuts as Morgan Stanley plans to eliminate 3,000 jobs
As the slump in Initial Public Offerings (IPOs) and mergers on Wall Street continues to deepen this year, leading advisory firms including Morgan Stanley, Bank...
There will be about 6,650 job cuts at Dell
Bloomberg News reported on Monday that Dell Technologies would eliminate about 6,650 jobs, or about 5% of its global workforce. This is as a result...