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…
John Deere To Layoff 600
Deere & Company, also known as John Deere, is an American corporation founded in 1837 and headquartered in Moline, Illinois. It is a manufacturer of agricultural machinery, heavy equipment, construction equipment, as well as parts and services. According to reports, John Deere has announced plans to lay off 600 employees across 3 factories in the…
Unacademy To Layoff 250
Unacademy is an Indian multinational educational technology company founded in 2015 and headquartered in Bangalore. It is an online educational platform that prepares students for various competitive exams like JEE, NEET, UPSC, Chartered Accountancy, GATE, UPSC NDA, etc. According to reports, Unacademy has announced plans to lay off 250 employees in its marketing and sales…
Revel To Layoff 1,000
Revel started off as an electric moped sharing service company founded in 2018 with headquarters in New York. It discontinued the service in 2023 and now specializes in electric-vehicle taxi service and EV charging stations. The company boasts of having over 500 electric vehicles in operation as of 2023. According to reports, Revel has announced…
Microsoft To Layoff 1,500
Microsoft has announced plans to lay off 1500 employees in its Azure cloud unit as part of a restructuring initiative. This restructuring plan will allow Microsoft to cut costs as well as focus on AI development and invest in strategic growth areas. The layoffs will affect Azure for Operators and Mission Engineering teams. In January,…