You Searched For "workforce reductions" and got 20 results
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3 mins read
Klarna only needs half its staff, because AI lets the buy-now-pay-later company 'do much more with less'
In May, the CEO said Klarna had saved millions by "spending less on photographers, image banks, and…
Lian Kit Wee
2 mins read
Significant decline in job growth in FY24, IT and Textile sector labelled 'job destroyers', notes recent BoB report
India Inc. saw a significant slowdown in employment growth, with an increase of just 1.5% in FY24, …
ANI
4 mins read
Universal basic income: Should the government give ‘unconditional money’ or ‘freebies’ to the poor?
This is where results of the experiment conducted by Sam Altman’s OpenResearch could help shed some…
2 mins read
Employees not forced to resign, it's part of 5% workforce reduction: BYJU's
Earlier this month, BYJU's had announced to reduce 5 per cent of its 50,000-strong workforce (ab…
3 mins read
Read the memo Elon Musk sent Tesla staff announcing that the company is laying off more than 10% of the workforce
Tesla CEO Elon Musk said in the memo, seen by BI, there's been a "duplication of roles and job func…
Jyoti Mann,Grace Kay
4 mins read
A former stay-at-home dad says he's struggling to find a job after his nearly 20-year break from the workforce: 'I'm underqualified for jobs that I used to do'
A former stay-at-home dad who hasn't worked in 20 years said he sees few paths to reentering the wo…
Jacob Zinkula
1 min read
Micron falls as the chipmaker announces big workforce reduction and gives dismal outlook
The chipmaker plans to lay off 10% of its workforce and has slashed company bonuses amid a tough ec…
Jennifer Sor
2 mins read
IBM announces job cuts in two of its divisions; Tech workforce uneasy about AI’s impact, survey reveals
In the latest workforce reduction move of 2024, IBM has announced significant job cuts within its m…
6 mins read
Read the email Wayfair's CEO sent to staff announcing that it's laying off 13% of its workforce
"I truly regret the impact this will have on you," CEO Niraj Shah told staff in an email.
Grace Dean
3 mins read
eBay is laying off 1,000 employees about 9% of its workforce. Read the memo its CEO sent to staff.
CEO Jamie Iannone said that the cost of the company's head count and general expenses had outpaced …
Jyoti Mann
1 min read
Automotive digital marketplace TrueCar lays off 24% of workforce
US-based automotive digital marketplace TrueCar has announced the laying off of nearly 24 per cent …
3 mins read
Rivian, Amazon, and Apple are snapping up laid-off Tesla employees amid Elon Musk's workforce-reduction plans
Former Tesla workers may not be on the job market for long after Elon Musk laid off 10% of salaried…
Grace Kay
1 min read
Tesla leaps 9% as CEO Elon Musk confirms workforce reduction of 3.5% and says demand for its electric vehicles is 'extremely high'
The "wait list is long" for Tesla EVs, Musk told Bloomberg. The CEO said the electric vehicle maker…
Carla Mozée
2 mins read
Richard Branson's rocket company Virgin Orbit lays off 85% of workforce
Virgin Orbit, the rocket company founded by British billionaire Richard Branson, has laid off nearl…
1 min read
Chip-maker Micron to cut 10% of its workforce
Chip-maker Micron has announced that it will reduce its workforce by about 10 per cent in 2023 in r…
1 min read
Streaming company Roku to fire 200 US employees
According to the company, the cuts aim to reduce its "headcount expenses" by around 5 per cent b…
2 mins read
AR smart lens developer Mojo Vision lays off 75% of its workforce
AR smart lens developer Mojo Vision has slashed 75 per cent of its workforce across a variety of de…
1 min read
Streaming company SoundCloud lays off 20% of its workforce
Streaming platform SoundCloud has announced to cut 20 per cent of its workforce "given the challeng…
1 min read
Spotify is laying off around 6% of its workforce about 600 employees — as tech job cuts continue to mount
In a memo to Spotify staff Monday, CEO Daniel Ek said: "I take full accountability for the moves th…
Kate Duffy
2 mins read
Boeing will reopen its South Carolina Dreamliner factory amid discussions of workforce reductions at the company
Boeing had closed the South Carolina 787 Dreamliner factory on April 8 due to the coronavirus. It r…