Tag: job cuts
Volkswagen Fights Chinese Competition—and Its Own Board—in Battle to Survive
When Volkswagen Chief Executive Oliver Blume took a cost-cutting plan to his board this summer that envisioned a doubling of job losses to 100,000, he…
Why more than 40 companies, including Amazon, Meta and Oracle, are cutting thousands of jobs: Check full list
More than 40 companies have announced job cuts in 2026 so far. These layoffs are happening across many industries, including technology, media, finance, retail, healthcare,…
Boeing to cut around 300 defense supply chain jobs| Business News
Boeing Co. is eliminating about 300 supply chain jobs from its defense division, and is notifying affected workers this week, according to a person familiar…
Amazon cutting 16,000 jobs in latest layoff round, employees from India among those hit: Report| Business News
Amazon announced on Wednesday that it will cut 16,000 corporate positions, marking the company’s second major layoff in the past four months. The layoffs represent…
Big Tech banks on artificial intelligence to drive growth amid job cuts| Business News
Big Tech continues to cut jobs and make advances in artificial intelligence (AI). Amazon has planned to cut up to 30,000 jobs, procedures for which…