Nokia has announced plans to lay off 2,000 employees in China, which amounts to about 20% of its workforce in the country as part of a cost-cutting initiative. According to reports, the company also plans to cut an additional 350 jobs across Europe. The layoffs are part of Nokia’s plan to cut up to 14,000…
Flagstar Bank To Layoff 1,900
Flagstar Bank is an American commercial bank founded in 1993 and headquartered in Troy, Michigan. It is a subsidiary of New York Community Bank (NYCB) and one of the largest residential mortgage servicers in the United States. According to reports, Flagstar has announced plans to lay off 1,900 employees as part of a restructuring plan…
PPG Industries To Layoff 1,800
PPG Industries, Inc. is an American multinational company founded in 1883 as Pittsburgh Paints & Glass and is headquartered in Pittsburgh, Pennsylvania. It specializes in paints, coatings, and specialty materials. According to reports, PPG has announced plans to lay off 1,800 employees in the United States and Europe as part of a cost-cutting initiative after…
McKinsey To Layoff 500 In China
McKinsey, also known as McKinsey & Company, is an American multinational strategy and management consulting firm founded in 1926 and headquartered in New York City. It offers professional services to corporations, governments, and other organizations. According to reports, the company has announced plans to lay off 500 employees in China as part of a restructuring…
Paramount Global To Layoff 2,000
Paramount Global, the multinational media and entertainment company, has announced plans to lay off 2,000 employees, which amounts to 15% of its workforce, as part of a cost-saving initiative that will save the company $500 million USD annually. The report further mentions that the company will reduce the value of its cable TV networks by…
SolarEdge To Layoff 400
SolarEdge Technologies, Inc. is a company that developed DC optimized inverter systems as well as solar power systems. It was founded in 2006 and is headquartered in Herzliya, Israel. According to reports, SolarEdge has announced plans to lay off 400 employees to restore profitability and ensure financial stability, as the company reported a net loss…
Unilever To Layoff 3,200
Unilever has announced plans to lay off 3,200 employees in Europe as part of a productivity program aimed at boosting the growth of the company. The report further mentions that the layoffs are expected to be completed by the end of 2025 and will primarily affect office-based roles. In March, incognito blog reported a global…
Intuit To Layoff 1,800
Intuit Inc. is an American multinational business software company founded in 1983 and headquartered in Mountain View, California. It specializes in financial software. Some of its products include TurboTax, a tax preparation software, and Quickbooks, an accounting software for businesses. According to reports, Intuit has announced plans to lay off 1,800 employees, which amounts to…
CNN To Layoff 100
CNN, also known as Cable News Network, is a multinational 24-hour cable news channel that provides continuous coverage of news events from around the world. It was founded in 1980 and is headquartered in Atlanta, Georgia. According to reports, CNN has announced plans to lay off 100 employees as part of a plan to merge…
Dyson To Layoff 1,000
Dyson Limited, also known as Dyson, is a Singapore-based multinational technology company founded in 1991 as Barleta Limited in England. The company designs and manufactures household appliances such as vacuum cleaners, air purifiers, hand dryers, hair dryers, and lights. It is currently headquartered in St James Power Station, HarbourFront, Singapore. According to reports, Dyson has…