Layoffs: This Bank Plans To Reduce Workforce For Second Time In 2024, Says Report. Find Out More
7 months ago

Layoffs: This Bank Plans To Reduce Workforce For Second Time In 2024, Says Report. Find Out More

ABP News  

Goldman Sachs Layoffs: Goldman Sachs Group is reportedly planning to reduce its workforce in the coming weeks, media reports said. The layoffs are a part of the firm’s annual workforce reduction based on performance, reported Bloomberg citing sources in the know. In 2024 so far, the bank has slashed its overall workforce by nearly 3 per cent to 4 per cent, including the latest ones, the report noted. Cisco also said that it is conducting a second round of layoffs in the month which will see its workforce slashed by 7 per cent.

Workforce Bank Report Its Workforce Layoffs  staff  firm  report  reduce  2024  general  citing  second  bank  cent  slashed  workforce  layoffs  plans

History of this topic

Morgan Stanley Planning To Layoff Almost 2,000 Employees In March, Says Report
Trending News
2 weeks ago

Morgan Stanley Planning To Layoff Almost 2,000 Employees In March, Says Report

ABP News  

Layoffs continue to disrupt industries across the world and the latest name added to the job cut list is Morgan Stanley. The job cuts would account for 2 per cent to 3 per cent of the bank's global workforce, reported Reuters citing sources in the know. Wall Street Banks Reduce Workforce Amid Uncertainty Morgan Stanley’s decision followed a series of …

Layoff wave hits the US—Tech, retail, and energy giants cut jobs in 2025: Here’s the full list
4 weeks, 1 day ago

Layoff wave hits the US—Tech, retail, and energy giants cut jobs in 2025: Here’s the full list

Live Mint  

US companies have ramped up layoffs across various industries as they seek to streamline operations amid economic uncertainties. Companies announcing layoffs Several large corporations have announced workforce reductions in 2025, impacting thousands of employees across multiple industries. Aerospace and manufacturing companies, including Blue Origin and Dow, are implementing job cuts, while energy giants like Chevron are laying off 8,000 workers. …

JPMorgan Chase begins planned layoffs for 2025: Report
1 month, 2 weeks ago

JPMorgan Chase begins planned layoffs for 2025: Report

Live Mint  

JPMorgan Chase started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday, as it begins one of several planned reductions this year. The layoffs are a part of the "regular management of the business", a spokesperson said, adding that the bank still has 14,000 open positions. The operating environment for the …

JPMorgan Chase layoffs 2025: Says it’s part of ‘regular management of business’
1 month, 2 weeks ago

JPMorgan Chase layoffs 2025: Says it’s part of ‘regular management of business’

The Hindu  

JPMorgan Chase started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday, as it begins one of several planned reductions this year. The layoffs are a part of the "regular management of the business", a spokesperson said, adding that the bank still has 14,000 open positions. The operating environment for the …

Layoffs Wave Continues To Upset Tech Sector In 2025 Says Report, A Look At Some Major Job Cuts Announced So Far
1 month, 3 weeks ago

Layoffs Wave Continues To Upset Tech Sector In 2025 Says Report, A Look At Some Major Job Cuts Announced So Far

ABP News  

Layoffs in the tech industry seem to not be stopping anytime soon. The wave of job cuts is going strong in the sector as several big US tech companies have already announced workforce reductions in 2025. The Challenger report showed that 49,795 jobs were slashed in January, about 28 per cent higher than 38,792 job cuts announced in December. Major …

Tech layoffs 2025: Turmoil as ADM trims 700 jobs, Salesforce slashes 1,000 after Microsoft, Meta, and Amazon axe
Trending News
1 month, 4 weeks ago

Tech layoffs 2025: Turmoil as ADM trims 700 jobs, Salesforce slashes 1,000 after Microsoft, Meta, and Amazon axe

Live Mint  

Significant layoffs continue to sweep across major big tech and corporate firms in 2025. ADM to cut up to 700 jobs worldwide amid cost-cutting efforts According to Reuters, ADM, a major international grain trader, announced plans to cut up to 700 jobs to reduce expenses by $500 million to $750 million over the next three to five years. The announcements …

Tech Layoffs: 42% Drop In Job Cuts In 2024 As Firms Work Towards Stabilisation
3 months ago

Tech Layoffs: 42% Drop In Job Cuts In 2024 As Firms Work Towards Stabilisation

ABP News  

Tech Layoffs in 2024: The tech industry made a strong recovery in 2024 after enduring significant losses in 2023, with tracking sites noting a 42 per cent reduction in layoffs compared to the previous year. Intel started the year by announcing plans to cut around 15 per cent of its workforce in January, followed by smaller layoffs from companies such …

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More
3 months, 2 weeks 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 …

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details
6 months, 4 weeks ago

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details

ABP News  

The tech industry experienced a major increase in layoffs in August 2024, reaching its highest level of job cuts since January of this year. The surge in layoffs is primarily attributed to substantial reductions at prominent industry leaders like Intel and Cisco, which contributed significantly to the overall increase in job losses. Intel Layoffs Intel spearheaded the wave of layoffs …

Cisco layoffs: Company to cut jobs of 6,000 employees amid AI pivot
7 months, 2 weeks ago

Cisco layoffs: Company to cut jobs of 6,000 employees amid AI pivot

Hindustan Times  

Cisco is planning to cut 7% of its global workforce, the company said in a filing with the US Securities and Exchange Commission. This restructuring plan is expected to impact approximately 7 percent of Cisco’s global workforce,” the company said in the filing. The process would consist of severance and other one-time termination benefits as well as additional other costs …

Major Layoffs In June 2024: Google, Meta, Microsoft, Ola Electric, Yes Bank And More
9 months ago

Major Layoffs In June 2024: Google, Meta, Microsoft, Ola Electric, Yes Bank And More

ABP News  

Major Layoffs In June: Layoffs have become increasingly prevalent across various sectors as companies are grappling with economic uncertainties, shifting consumer demands, and operational challenges exacerbated by the ongoing global situation. In June 2024, widespread layoffs impacted thousands of employees worldwide, spanning from tech giants like Google and Meta to companies across various other sectors. Google Layoffs Alphabet, Google's parent …

Google Layoffs: Tech Giant Trims More Workforce, Hits These Three Teams
11 months ago

Google Layoffs: Tech Giant Trims More Workforce, Hits These Three Teams

ABP News  

Google Layoffs: The wave of layoffs continues at Google. After reports on Monday that the firm has laid off people from its Python team to hire cheap labour, a Tech Crunch report stated that the tech giant has also fired people from Dart, Flutter, and other teams along with Python. “As we’ve said, we’re responsibly investing in our company’s biggest …

Google layoffs: Company cuts more jobs in these key teams citing reorganisation
11 months ago

Google layoffs: Company cuts more jobs in these key teams citing reorganisation

Hindustan Times  

Google layoffs: Sundar Pichai's Google is on a layoff spree- in line with the larger job cuts in the tech sector which has seen little signs of slowing down this year. Google layoffs: Google CEO Sundar Pichai is seen, The company is cutting jobs in key teams as layoffs continue this year. Google spokesperson Alex García-Kummert said as per the …

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?
1 year ago

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?

News 18  

A CEO of a technology company fired hundreds of employees over a phone call. This news is nothing new as several IT companies have been on a firing spree since November 2023, and, unfortunately, the trend is still continuing in March 2024. Tech giant Google has warned its employees to “brace for more layoffs”, as Alphabet removed thousands of its …

Layoffs 2024: Barclays to cut hundreds of investment banking jobs. What we know so far? What will be the impact?
1 year ago

Layoffs 2024: Barclays to cut hundreds of investment banking jobs. What we know so far? What will be the impact?

Hindustan Times  

Barclays Plc is set to cut several hundred jobs within its investment bank division it attempts to trim costs and boost profits within the unit, Bloomberg reported citing people in the know. This comes as Wall Street giants like Citigroup Inc. and JPMorgan Chase & Co. have turned to job cuts amid global slump in dealmaking and capital markets activity. …

Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech
1 year, 1 month ago

Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech

Associated Press  

SAN FRANCISCO — Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while providing a sobering reminder of the job insecurity hanging over an industry increasingly embracing artificial intelligence. Combined with a wave of layoffs last year, the workforce reductions …

Cisco Layoffs: Tech Firm To Fire Thousands Of Employees From This Week, Says Report
1 year, 1 month ago

Cisco Layoffs: Tech Firm To Fire Thousands Of Employees From This Week, Says Report

ABP News  

The US-based communication technology firm Cisco reportedly intends to trim its workforce to concentrate on areas of growth following the recent trend of job reductions by pears. The company is gearing up for a business restructuring that will result in the termination of thousands of employees, reported the news agency Reuters. However, a source familiar with the matter revealed to …

Cisco to lay off thousands of employees in a fresh round of job cuts: Report
1 year, 1 month ago

Cisco to lay off thousands of employees in a fresh round of job cuts: Report

Live Mint  

Network leader Cisco is preparing to undergo a business restructuring aimed at emphasizing high-growth sectors. As per information available on its website, Cisco, headquartered in San Jose, California, currently maintains a workforce totaling 84,900 employees as of fiscal year 2023. An official announcement regarding the lay offs could be made as early as next week, coinciding with the company's earnings …

Cisco layoffs: Thousands to lose jobs as company focuses on ‘high-growth’ areas
1 year, 1 month ago

Cisco layoffs: Thousands to lose jobs as company focuses on ‘high-growth’ areas

Hindustan Times  

Amid the recent layoffs by multiple tech and retail giants, Cisco has also decided to cut jobs. Cisco announces its decision to lay off thousands of employees Cisco to layoff thousands of employees as part of its restructuring plans The outlet adds that while the company has announced its layoffs, it is yet to decide the number of employees that …

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report
1 year, 8 months ago

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report

Hindustan Times  

According to a report from Forbes, 2023 has brought a storm of layoffs across various industries, with nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs. Nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs in 2023 so far. Tech Takes a Hit Tech companies have faced the …

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts
2 years ago

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts

The Hindu  

Facebook-parent Meta Platforms said on March 14, 2023 it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. "We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired," Chief …

Layoffs 2023: US companies cut more than 180,000 jobs in two months amid fears of global recession
2 years ago

Layoffs 2023: US companies cut more than 180,000 jobs in two months amid fears of global recession

India TV News  

A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. The report also shows that the tech industry has cut a …

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List
2 years, 1 month ago

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List

News 18  

Tech Layoffs In 2023: Citing cost cutting due to macroeconomic pressures, tech companies across the world have resorted to layoffs in the past months. The year 2023 has witnessed mass layoffs by companies such as Google, Microsoft, Salesforce and Amazon, among others. Apart from these, Salesforce laid off 8,000 employees, Dell sacked 6,650, IBM about 3,900, SAP nearly 3,000, Zoom …

219 tech firms fired around 68,000 employees in January, more layoffs expected: Know-more
2 years, 2 months ago

219 tech firms fired around 68,000 employees in January, more layoffs expected: Know-more

India TV News  

219 tech firms fired around 68,000 employees in January, more layoffs expected: Know-more According to the survey, a little more than half of the business economists feel the risk of a recession over the next year at 50 per cent or higher, which means more layoffs in the offing in 2023. With a number of huge tech firms like Microsoft, …

Goldman Sachs staff in Asia let go as global jobs cull begins
2 years, 2 months ago

Goldman Sachs staff in Asia let go as global jobs cull begins

Al Jazeera  

US investment bank is embarking on a sweeping cost-cutting drive expected to cost thousands of jobs. Staff at Goldman Sachs are bracing for news on whether they will keep their jobs, as the United States investment bank begins a sweeping cost-cutting drive that could see its 49,000-strong global workforce shrink by thousands. The long-anticipated jobs cull at the Wall Street …

Goldman Sachs announces the largest round of layoffs since 2008's financial crisis
2 years, 2 months ago

Goldman Sachs announces the largest round of layoffs since 2008's financial crisis

NPR  

Goldman Sachs announces the largest round of layoffs since 2008's financial crisis Goldman Sachs, one of the most venerable banks on Wall Street, has announced it is laying off as many as 3,200 employees — as the bank tries to navigate a challenging economic environment. GURA: Well, Dwane, this is a huge warning sign, given how integral big banks like …

Goldman Sachs to cut 3,200 jobs: Source
2 years, 2 months ago

Goldman Sachs to cut 3,200 jobs: Source

Deccan Chronicle  

NEW YORK: Goldman Sachs plans to cut 3,200 jobs and could announce this as early as this week, a source close to the issue said Sunday, confirming press reports. A source close to the issue said there would be a maximum of 3,200 jobs eliminated -- less than the figure of 4,000 cited in the press last month -- and …

Goldman Sachs to lay off hundreds of employees: Report
2 years, 3 months ago

Goldman Sachs to lay off hundreds of employees: Report

India TV News  

Global investment bank Goldman Sachs is reportedly planning to lay off hundreds of employees at its consumer business. The company's decision to cut jobs comes after chief executive David Solomon announced plans to curtail "Main Street" banking ambitions, reports The Financial Times. Solomon announced in October that Goldman will significantly reduce its retail banking unit after years of losses and …

Goldman Sachs said to extend fixed-income job cuts to 10% of staff
8 years, 10 months ago

Goldman Sachs said to extend fixed-income job cuts to 10% of staff

Live Mint  

New York: Goldman Sachs Group Inc. is cutting more jobs in its securities units, extending reductions in fixed-income operations this year to roughly 10% of workers there, according to people with knowledge of the situation. Goldman Sachs chief executive officer Lloyd Blankfein is undertaking the firm’s biggest cost-cutting push in years as the investment bank tries to weather a slump …

Discover Related