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Search results for layoffs

U.S. consumer spending rises in November; monthly inflation subsides
2 days, 2 hours ago

U.S. consumer spending rises in November; monthly inflation subsides

The Hindu  

U.S. consumer spending increased in November, underscoring the economy's enduring strength, which prompted the Federal Reserve this week to project fewer interest rate cuts in 2025 than it had three months ago. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4% last month after a downwardly revised 0.3% gain in October, the Commerce Department's Bureau …

Consumer Inflation Spending Consumer Spending Fed Quarter Rate
Volkswagen Cuts Deal With The Union, To Layoff 35,000 Jobs In Germany In Future
2 days, 7 hours ago

Volkswagen Cuts Deal With The Union, To Layoff 35,000 Jobs In Germany In Future

ABP News  

Volkswagen on Friday announced some major changes to the company’s operations in the home country. Volkswagen said that no immediate site closures or layoffs would take place and also backed away from its demand of 10 per cent wage cuts. Issuing a statement, Volkswagen CEO, Oliver Blume said, “With the package of measures that has been agreed, the company has …

Company Wage Volkswagen
VW wage deal for 120,000 German workers avoids layoffs, plant closures
Trending News
3 days ago

VW wage deal for 120,000 German workers avoids layoffs, plant closures

Associated Press  

FRANKFURT, Germany — Volkswagen and its employee representatives said Friday they have reached a wage deal for 120,000 German workers that avoids plant closings and bars involuntary layoffs through 2030. The deal would save VW 1.5 billion euros a year in labor costs and 4 billion euros a year by slashing manufacturing capacity by more 700,000 vehicles across its German …

Europe German Plant Wolfsburg Wage Volkswagen
'People Who Don’t Come To Office, Don’t Work': PayPal's Founder Peter Thiel Blasts Remote Work
3 days, 8 hours ago

'People Who Don’t Come To Office, Don’t Work': PayPal's Founder Peter Thiel Blasts Remote Work

ABP News  

PayPal founder Peter Thiel recently explained why Silicon Valley moved away from the Work from Home model. In a TV interview, Thiel criticised remote work, stating, "When people didn’t come into the office, they weren’t working.” He described the initial phase as one where employees had the power to "insist on not working." Highlighting a connection between remote work, perceived …

Google Remote Work Work Remote Thiel
Google Layoffs: Tech Giant Plans To Cut 10% Management Positions, Says Report
3 days, 11 hours ago

Google Layoffs: Tech Giant Plans To Cut 10% Management Positions, Says Report

ABP News  

The tech giant Google has reportedly reduced its management positions by 10 per cent, impacting roles at the manager, director, and vice president levels as a part of its strategy. During a recent all-hands meeting, Google CEO Sundar Pichai provided updates on the company's ongoing efforts to enhance efficiency. This restructuring, which has taken place over the past two years, …

Google
Google layoffs: Sundar Pichai announces 10 per cent job cuts in managerial roles amid rising AI competition
Trending News
3 days, 18 hours ago

Google layoffs: Sundar Pichai announces 10 per cent job cuts in managerial roles amid rising AI competition

India TV News  

In a significant move, Google has announced a 10 per cent reduction in managerial positions, including directors and vice presidents. This comes after Pichai’s 2022 statement expressing his vision for making Google 20 per cent more efficient. AI competition as a driving factor Reports suggest that Google's decision is aligned with its response to the competitive pressure from OpenAI, which …

Google Ai Pichai Sundar Pichai
Google layoffs: CEO Sundar Pichai announces 10 per cent job cuts, says it is to boost efficiency
Top News
3 days, 18 hours ago

Google layoffs: CEO Sundar Pichai announces 10 per cent job cuts, says it is to boost efficiency

India Today  

In a significant development at Google, CEO Sundar Pichai has announced a reduction of 10 per cent in management and vice president-level roles. According to two individuals familiar with the matter, Pichai stated that Google has implemented changes over the past few years to streamline operations and improve efficiency, as per the report. The recent changes emphasise Google’s ongoing efforts …

Tech Google Cent Pichai 10 Per Cent Layoffs Ceo
Good News For Job Seekers! Indian Start-Ups To Ramp Up Hiring By 20-30 Per Cent In 2025: Report
5 days, 6 hours ago

Good News For Job Seekers! Indian Start-Ups To Ramp Up Hiring By 20-30 Per Cent In 2025: Report

ABP News  

Indian start-ups are gearing up to bring in fresh talent as the organisations see an improvement in funding. A report by Moneycontrol showed that staffing firms estimate a 20-30 per cent increase in recruitment among start-ups going into the next year. Data from layoffs.fyi showed that job cuts in the start-up space have significantly declined, decreasing by 46 per cent …

Funding Hiring Report
12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More
1 week, 2 days ago

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More

ABP News  

Major Layoffs In 2024: Layoffs have been the talk of the town for the whole of 2024; big firms and small start-ups across the sector and worldwide have announced layoffs this year, leaving employees in a difficult situation. Siemens Layoffs German tech giant Siemens also said that it is considering cutting up to 5,000 jobs globally in its factory automation …

Japan Jobs Employees Google Boeing Company 2024
US producer prices surge on costly eggs, but disinflationary trend intact
1 week, 3 days ago

US producer prices surge on costly eggs, but disinflationary trend intact

Live Mint  

* Producer prices increase 0.4% in November * Goods, primarily eggs account for bulk of the rise in PPI * Moderate rise in services bodes well for core PCE inflation * Weekly jobless claims increase 17,000 to 242,000 * Continuing claims advance 15,000 to 1.886 million By Lucia Mutikani WASHINGTON, - U.S. producer prices increased by the most in five …

Labor Market Prices Price Claims Report Fed
US applications for jobless benefits rise to highest level in 2 months but remain relatively low
1 week, 4 days ago

US applications for jobless benefits rise to highest level in 2 months but remain relatively low

Associated Press  

U.S. applications for unemployment benefits jumped to their highest level in two months last week but remain low relative to historical standards. This week’s report also showed that continuing claims, the total number of Americans collecting jobless benefits, rose by 15,000 to 1.89 million for the week of Nov. 30. The Fed has cut its benchmark rate at its last …

Job Fed Jobless Benefits
Bosch layoffs: More than 8,000 job cuts planned by another top German manufacturer
1 week, 5 days ago

Bosch layoffs: More than 8,000 job cuts planned by another top German manufacturer

CNN  

London CNN — Thousands of jobs are on the chopping block at German industrial giant Bosch in yet another blow to the country’s beleaguered economy. Sascha Schuermann/Getty Images The news represents yet another knock to Europe’s biggest economy, where storied manufacturers face a perfect storm of competition from Chinese rivals, traditional disadvantages such as steep labor costs and high taxes …

Germany German Bosch
Facebook’s UK office laid off over 700 workers, reduced tax bill to aggressively cut costs last year
1 week, 6 days ago

Facebook’s UK office laid off over 700 workers, reduced tax bill to aggressively cut costs last year

Firstpost  

Meta has channelled its energy into artificial intelligence, predicting capital expenditure could reach $50 billion next year. However, user growth across Meta’s platforms has been slower than analysts hoped Meta’s cost-cutting wasn’t limited to layoffs. Image Credit: Reuters Last year, Facebook’s UK operations saw major changes as its parent company, Meta, slashed over 700 jobs and introduced aggressive cost-cutting measures. …

Tax Company Billion Million User Cut Bill
Yes Madam Issues Clarification On Firing Over 100 Employees For Workplace Stress; Here's What It Said
1 week, 6 days ago

Yes Madam Issues Clarification On Firing Over 100 Employees For Workplace Stress; Here's What It Said

ABP News  

After receiving significant backlash on Monday for a viral LinkedIn post claiming that Noida-based doorstep beauty platform Yes Madam had terminated employees due to stress, the firm issued a clarification on Tuesday. In the same post, YES Madam unveiled two new initiatives for its employees. On Monday, one of Yes Madam’s employees shared a social media post that showed a …

Stress Employees Work Madam Workplace Stress
Boeing cuts hundreds of jobs in Washington, California amid workforce reduction plan
Trending News
1 week, 6 days ago

Boeing cuts hundreds of jobs in Washington, California amid workforce reduction plan

Live Mint  

Boeing, one of the world's largest aerospace companies, has laid off hundreds of workers in Washington state and California as part of its previously announced plan to cut its workforce by approximately 17,000 jobs, as per Associated Press. Notices filed with state employment agencies showed the first round of cuts impacted about 3,500 people around the country, The Seattle Times …

Boeing California Washington
Boeing layoffs: Hundreds in Washington and California face job losses
1 week, 6 days ago

Boeing layoffs: Hundreds in Washington and California face job losses

India Today  

Boeing, one of the world’s largest aerospace companies, has laid off hundreds of workers in Washington state and California as part of a larger plan to reduce its workforce, reported news agency Associated Press. These layoffs are part of Boeing’s efforts to manage financial challenges and align with its operational priorities. While the strike impacted the production of most of …

Boeing California Washington Layoffs
YesMadam layoffs: Noida startup fires 100s of employees for complaining of stress at work; ‘bizarre’ HR email goes viral
Top News
2 weeks ago

YesMadam layoffs: Noida startup fires 100s of employees for complaining of stress at work; ‘bizarre’ HR email goes viral

Live Mint  

YesMadam layoffs: Noida-based startup YesMadam, which offers at-home beauty services, has come under scrutiny following allegations of mass layoffs linked to an internal stress survey. A viral email and a social media post from one of the reportedly-terminated employees have triggered widespread discussion on social media platforms like X and Reddit. According to a social media post by the employee, …

Media Stress Work Company Goes Viral Yesmadam Startup Fires
YesMadam Layoffs: Noida-Based Startup Asks Employees If They're Stressed, Then Fires Those Who Said Yes
Trending News
2 weeks ago

YesMadam Layoffs: Noida-Based Startup Asks Employees If They're Stressed, Then Fires Those Who Said Yes

ABP News  

YesMadam, the doorstep beauty service platform, has allegedly fired employees who were under stress after conducting an in-office survey. According to the LinkedIn post, the firm sent employees an email informing them about the termination, which was effective immediately. To ensure that no one remains stressed at work, we have made the difficult decision to part ways with employees who …

Stress Yesmadam
YesMadam fires employees after asking if they're stressed, HR's email goes viral
Top News
2 weeks ago

YesMadam fires employees after asking if they're stressed, HR's email goes viral

India Today  

YesMadam, a salon home service start-up, has found itself on the receiving end of the internet after it reportedly fired its employees who said they experienced “significant stress” due to workload in a survey that the company conducted itself. The results led to an unexpected decision – "parting ways" with those who experienced “major stress.” However, India Today could not …

Employees Viral Email Decision Screenshot Stressed Yesmadam
Ex-Google employee says layoffs are tough, had sleepless nights and body was shaking
2 weeks ago

Ex-Google employee says layoffs are tough, had sleepless nights and body was shaking

India Today  

Former Google employee Shao Chun Chen has opened up about the emotional toll of being laid off, sharing his journey through sleepless nights, anxiety, and eventual self-discovery after his time at the tech giant came to an unexpected end. In an interview with Business Insider, Chen recounted how the layoff, which occurred on Valentine’s Day 2024, the day before his …

Singapore Google Chen Sleepless Nights His Time
Short-Term Courses To Accelerate Your Career Amid Layoffs
2 weeks, 1 day ago

Short-Term Courses To Accelerate Your Career Amid Layoffs

ABP News  

By PK Agarwal Many professionals today are facing the harsh reality of layoffs, with an estimated 100,000 people in the tech industry in India losing their jobs in 2024. Short-Term Courses To Accelerate Your Career This can be daunting but it’s also a great opportunity to reassess and reskill to meet the new market demands. AI courses at UC Santa …

Career Job Future Students Industry Skills Silicon Valley
Spotify Wrapped, TikTok—Maybe the Algorithms Are Losing Touch
2 weeks, 3 days ago

Spotify Wrapped, TikTok—Maybe the Algorithms Are Losing Touch

Wired  

If there’s one term that’s been used more than others when describing this year’s Spotify Wrapped, it’s this: flat. Between its “Pink Pilates Princess Roller Skating Pop” phases and AI-generated mini-podcasts, lots of listeners took time away from the time-honored tradition of posting their cringiest Wrapped stats to say that this year’s offerings were milquetoast at best. The annual tradition …

Ai Wrapped Spotify Spotify Wrapped
US hiring rebounds after slump on hurricanes, strike
2 weeks, 3 days ago

US hiring rebounds after slump on hurricanes, strike

New Indian Express  

WASHINGTON: The US economy added more jobs than expected last month, government data showed Friday, bouncing back from a dramatic slowdown triggered by hurricanes and labor strikes. While Boussour said she expects job growth to settle "below trend" as the labor market cools gradually, she added that "a labor market downturn isn't on the near-term horizon" with layoffs remaining relatively …

Labor Fed
Honda and Stellantis announce vehicle recalls
2 weeks, 3 days ago

Honda and Stellantis announce vehicle recalls

LA Times  

Stellantis is recalling more than 300,000 Ram Heavy Duty pickup trucks because a faulty part could cause certain braking and tracking systems to fail. Separately, Stellantis is recalling more than 300,000 Ram Heavy Duty pickup trucks because a faulty part could cause certain braking and tracking systems to fail. Last month, Stellantis announced a recall of about 207,000 Jeep and …

Recall Honda Stellantis Trucks