Tech giants including X (then known as Twitter) and Facebook owner Meta announced thousands of job cuts globally in 2022 and 2023, as did other firms like entertainment company Disney, consultancy firm KPMG and phone company ...
Economics & Business
Jan 13, 2024
0
13
Richard Branson's Virgin Orbit is letting go of almost its entire work force with the satellite launch company finding it difficult to secure funding three months after a failed mission.
Space Exploration
Mar 31, 2023
0
3
Carmaker Ford said Thursday it is shedding 12,000 jobs in Europe to increase profitability, part of a global trend of cost cuts by automakers facing shifting consumer tastes and heavy investments in electric cars.
Automotive
Jun 27, 2019
1
0
US industrial conglomerate General Electric said Tuesday that it would cut more than 1,000 jobs mainly at its gas turbine operations in eastern France, part of a wave of European layoffs as it tries to stem losses in its ...
Business
May 28, 2019
0
8
Ford plans to cut 1,150 jobs in Britain, a union announced Friday, one day after the US car giant unveiled a major restructuring of its European operations.
Automotive
Jan 11, 2019
0
5
German car giant Volkswagen said Thursday it is looking for three billion euros ($3.8 billion) in new savings to help fund its pivot towards electric vehicles, adding that it could not rule out job cuts.
Energy & Green Tech
Dec 6, 2018
0
10
German chemical and pharmaceutical giant Bayer said Thursday it would slash 12,000 jobs in a major restructuring following the mammoth takeover of Monsanto, enabling it to save 2.6 billion euros ($3 billion) a year from 2022.
Business
Nov 29, 2018
0
2
In a massive restructuring, US auto giant General Motors announced Monday it will cut 15 percent of its workforce to save $6 billion and adapt to "changing market conditions."
Business
Nov 26, 2018
0
4
Japanese technology firm Fujifilm on Wednesday announced 10,000 job cuts by March 2020 in its Fuji Xerox subsidiary, which it said was facing an "increasingly severe" market environment.
Business
Jan 31, 2018
0
12
Eli Lilly will cut 3,500 jobs and close some drug manufacturing and research facilities in a cost-cutting drive, the US pharmaceutical company announced Thursday.
Business
Sep 7, 2017
0
2
