News Muncher - category cuts jobs

Struggling to sell vehicles, Japanese carmaker Nissan cuts 9,000 jobs

Chief Executive Makoto Uchida also took a 50% pay cut to take responsibility for the dismal results, while promising that a turnaround was coming Logos at a Nissan showroom are seen in Ginza shopping district in Tokyo, on March 31, 2023. AP File Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs …

Billion Trillion Nissan Cuts Yen Profit

6 months, 2 weeks ago

Tata Steel's UK workers to strike over job cuts and blast furnace closures

Hindustan Times

Tata Steel’s workers in the UK will begin an "indefinite strike" from July 8 in protest over the company's plans to cut jobs, marking the UK’s first strike by steelworkers in 40 years. Tata Steel's Port Talbot steel production plant is seen at night time Around 1,500 workers based in the Port Talbot and Llanwern steel plants will begin an …

Strike Port Steel Tata Unite Tata Steel Furnace

8 months, 1 week ago

Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down

Associated Press

Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business. Peloton reported Thursday that for the third quarter it lost $167.3 million, or 45 cents per share, While that’s better than the loss of $275.9 …

Job Million Mccarthy Peloton

11 months, 2 weeks ago

Microsoft to cut 1,900 jobs in game divisions including Activision Blizzard

Hindustan Times

Microsoft Corp. will lay off 1,900 people across its video-game divisions including at Activision Blizzard, which it purchased for $69 billion in an acquisition that closed late last year. In an email to staff reviewed by Bloomberg, Microsoft gaming chief Phil Spencer wrote that the cuts represented about 8% of Microsoft’s 22,000 gaming workers. Blizzard Entertainment is also making big …

Including Activision Blizzard Microsoft Ybarra

1 year, 9 months ago

Amazon To Cut 9000 More Jobs CEO Andy Jassy Statement Cites Uncertain Economy All Details

ABP News

Amazon announced on Monday that it would lay off 9,000 more employees, becoming the latest big technology company to announce a second round of layoffs, Reuters reported. CEO Andy Jassy said the company had added substantial amount of staff in the past few years. "Given the uncertain economy in which we reside, and the uncertainty that exists in the near …

Amazon Job Cuts Ceo Andy Jassy Jobs Ceo

1 year, 11 months ago

IBM Layoffs: Company Cuts 3,900 Jobs, Misses Annual Cash Target

News 18

IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter. IBM’s 2022 cash flow was $9.3 billion, below its target of $10 billion, due to higher-than-expected working capital needs. The company also forecast annual revenue growth in the mid-single digits on …

Ibm

3 years, 11 months ago

Shell cuts 900 jobs in the Netherlands as part of global restructuring

Dutch News

Shell is cutting some 900 jobs in the Netherlands as part of its earlier announced global reorganisation, website Nu.nl and the Financieele Dagblad said on Wednesday. The job losses, which do not include people working at petrol stations, will cut the company’s workforce in the Netherlands by some 10%, Nu.nl said. Shell said in September it planned to cut between …

Netherlands Shell

4 years, 5 months ago

LinkedIn cuts jobs as Covid-19 pandemic puts the brakes on corporate hiring

Live Mint

Microsoft Corp's professional networking site LinkedIn said on Tuesday it would cut about 960 jobs, or 6% of its global workforce, as the coronavirus pandemic is having a sustained impact on demand for its recruitment products. Announcing the plan in a message posted on LinkedIn's website, Chief Executive Ryan Roslansky said the company would provide at least 10 weeks of …

Linkedin Cuts Jobs

4 years, 6 months ago

2022 Qatar World Cup cuts jobs after 'efficiency exercise'

The Hindu

Organisers of the FIFA World Cup 2022 have become the latest Qatari state entity to make staff redundant. Qatar Airways, a FIFA sponsor, and Doha-based beIN Sports, which owns broadcast rights to World Cup matches, have also cut jobs recently in response to COVID-19 halting travel and shutting sports events. READ: Qatar has opened three of the eight stadiums that …

World World Cup Cup Qatar Cuts Jobs

5 years, 1 month ago

Tata Steel confirms 1,600 job cuts in Netherlands

NL Times

Tata Steel announced that its factory in IJmuiden will be hit hard by the company's reorganization in Europe. Of the 3 thousand expected layoffs, around 1,600 will happen in the Netherlands, the company confirmed, NOS reports. Tata Steel employees reacted with shock to the announced layoffs last week. Trade union FNV told Noordhollands Dagblad that Tata can expect strikes and …

Netherlands Tata Steel

5 years, 6 months ago

Deutsche Bank unveils 18,000 job cuts and radical restructuring

CNN

London CNN Business — Deutsche Bank will cut 18,000 jobs and dramatically shrink its investment bank as part of a costly overhaul that marks a retreat from Wall Street after two decades of intense competition with American rivals. The German bank said Sunday that it would shutter its equities sales and trading business, while creating a “bad bank” for €74 …

Investment Bank Investment Banking Billion Deutsche Bank Deutsche

5 years, 9 months ago

Deutsche Bank-Commerzbank merger could be scuttled by job cuts and muddled strategy

CNN

London CNN Business — Labor unions fear that a merger between Deutsche Bank and its smaller German rival Commerzbank could lead to the loss of 30,000 jobs. CEO Christian Sewing told Deutsche Bank employees he would only pursue options that make “economic sense.” Buying Commerzbank would solidify Deutsche Bank’s position in Germany’s fractured retail banking market while satisfying politicians who …

Europe Germany Bank European German Merger Commerzbank

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