You Searched For "global workforce reduction" and got 20 results
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WPP executive committee and Board to take a 20% reduction in salaries for an initial period of 3 months in wake of Covid-19 outbreak
WPP expects its measures to generate total in-year savings for 2020 of £700 - 800 million
Harley-Davidson exits India as a part of its global restructuring plan
The American motorcycle manufacturer known to have survived the 1930s Great Depression couldn’t hol…
IBM lays off 'thousands' of employees globally as Covid-19 hits business
Arvind Krishna-led tech giant IBM has joined the league of companies who have started firing employ…
Hilton just laid off its VP of global diversity at a time when Americans are demanding corporate action to fight systemic racism
Jon Muñoz's departure comes as many Americans are calling for corporations to take accountability f…
Allana Akhtar
John Hopkins University, which has been instrumental in tracking the coronavirus globally, is expecting layoffs and furloughs due to the economic impact of the pandemic
"There will be no effect on our pandemic efforts," Jill Rosen, a university spokeswoman told the As…
Sarah Al-Arshani
Global banks are cutting 30,000 jobs this year. It's a sign the banking crisis is only getting worse.
Citigroup's challenges look to be the trend across global banking. Bloomberg reported that in the l…
Yusuf Khan
The global car industry shut down in less than a week as the coronavirus pandemic gripped the planet. This timeline reveals exactly how the unprecedented events unfolded.
It wasn't a disaster. Yet. The industry was continuing to produce vehicles in the face of a demand …
Matthew DeBord
The world's working-age population is set for a slowdown - here's what that could mean for the global economy
Not everyone agrees that changing demographics will significantly impact global growth. The America…
Gina Heeb
Manufacturing jobs in India grew by 200 percent in last 2 years, says Piyush Goyal
On completing 10 years of the 'Make in India' initiative, Union Commerce and Industry minister Piyu…
Dell's sudden 5-day return-to-office order leaves parents scrambling to find childcare
Dell told sales staff to be in the office every day with just two working days notice, and to use P…
Polly Thompson
Why are so many North American and European countries restricting immigrants?
Canada and Australia have implemented new immigration restrictions affecting low-wage workers and i…
What Americans say they want on climate versus what Biden and Trump are offering
Trump says he'd "drill, baby, drill" for fossil fuels that are causing the climate crisis. Biden wa…
Catherine Boudreau
Careers site Indeed to lay off 1,000 workers
In a memo to employees, CEO Chris Hyams took responsibility for "how we got here" but also cited a …
Dominick Reuter,Alyshia Hull
Elon Musk wanted Tesla to slash its headcount by 20% because its quarterly vehicle deliveries fell by that much, Bloomberg source says
Musk told Tesla staff in a memo that the company's "rapid growth" had resulted in "duplication of r…
Kwan Wei Kevin Tan
Tesla layoffs have reportedly also hit its international offices
Tesla's layoff plans may not be confined to the US, with Reuters reporting jobcuts in China too, a …
Grace Kay
Tesla sends out another wave of layoff notices as employees enter 4th week of job cuts
Elon Musk continues to cut deeper at Tesla. Multiple workers told BI that Tesla cut even more staff…
Grace Kay
Tesla stock drops as Elon Musk reportedly announces hundreds more layoffs including senior execs
The drop pared some of the gains from Monday's session, which saw the stock jump on optimism around…
Yuheng Zhan
Why so many men in the US have stopped working
Men aren't working at the same rate they did in decades past. We asked two economists to help us fi…
Jacob Zinkula,Andy Kiersz
Salesforce is the latest tech company to cut jobs with 700 layoffs, report says
The job cuts, which amount to about 1% of its workforce, follow a series of layoffs last year.
Beatrice Nolan
Amazon is laying off hundreds of employees in its cloud division
The latest round of cuts will impact Amazon Web Services staffers, internal emails obtained by Busi…