Airbus is a European aerospace corporation founded in 1970 and headquartered in Blagnac, France. It designs, manufactures, and delivers commercial aircraft, helicopters, defense and space systems, and related services. According to reports, Airbus has announced plans to lay off around 2,500 employees, which amounts to 7% of its workforce, particularly in its defense and space…
Boeing To Layoff 17,000
Boeing, the American multinational company that designs, manufactures, and sells airplanes, rockets, satellites, and security systems, has announced plans to lay off 17,000 employees, which amounts to 10% of its global workforce, in a cost-cutting initiative as the company plans to stay competitive and address its financial woes following a $5 billion USD loss in…
ByteDance To Layoff Over 700
ByteDance, the parent company of the social media platform TikTok, has announced plans to lay off more than 700 workers from its Malaysian unit as part of a restructuring initiative towards greater use of artificial intelligence in content moderation. According to reports, the layoffs are part of a broader plan to improve its moderation operations…
Credit Commercial de France To Layoff 1,200
Crédit Commercial de France is a commercial bank in France, headquartered in Paris and founded in 1894 as the Banque Suisse et Française, and renamed to CCF in 1917. Asa of 1920, it had grown to be the sixth-largest bank in the country and is currently backed by Cerberus Capital Management. According to reports, CCF…
General Motors To Layoff 1,695
General Motors has announced plans to lay off 1,695 employees at its Fairfax Assembly plant in Kansas, as part of a cost-cutting initiative that will be carried out in two phases. According to reports, the first round of layoffs will begin in November 18, and will temporarily lay off 686 full-time employees and terminate 250…
Qualcomm To Layoff 226
Qualcomm, the multinational semiconductor, microchip, and software corporation, has announced plans to lay off 226 workers in San Diego later this year as part of a restructuring initiative. The report further mentions that the restructuring will enable the company to invest in key growth areas, as the layoff is a result of a slowdown in…
PwC To Layoff 1,800 In The US
PwC, PricewaterhouseCoopers International Limited, the multinational professional services brand, has announced plans to lay off 1,800 employees in the United States due to a slowdown in demand for some of its advisory business. According to reports, the layoffs will affect roles from associates to managing directors and include verticals like business services, audit, and tax…
Samsung Electronics To Layoff 30%
Samsung Electronics, the South Korean multinational electronics corporation, has announced plans to lay off around 30% of its global workforce, particularly in sales and marketing departments, as well as its administrative staff, to improve efficiency and maintain competitiveness. The report further mentions that the layoffs will affect jobs across the Americas, Europe, Asia, and Africa,…
Telia To Layoff 3,000
Telia Company AB is a Swedish multinational telecommunications company and mobile network operator founded in 2002 and headquartered in Solna, Stockholm. It provides communication services to businesses, individuals, and communities, offering mobile, broadband, television, and fixed-line services with a presence in Finland, Norway, Estonia, Latvia, and Lithuania. According to reports, Telia has announced plans to…
Klarna To Layoff 2,000
Klarna is a Swedish fintech company founded in 2015 and headquartered in Stockholm, Sweden. It provides online payment solutions for customers and merchants. The company is a “buy now, pay later” service provider. According to reports, Klarna has announced plans to lay off about 2,000 employees as part of a global restructuring in the coming…