• Home
  • /
  • Tag Archives:  layoffs

Nokia to Layoff 14,000

Nokia Corporation, commonly referred to as Nokia, is a multinational telecommunication and consumer electronics company with its headquarters in Espoo, Finland. Founded in 1865, the company was the largest worldwide vendor of mobile phones during the year 1998. In late 2000s, Nokia restructured its offerings and partnered with Microsoft, this arrangement led to the sale…

Rolls-Royce Holdings to Layoff 2,500

Rolls-Royce Holdings plc is a multinational aerospace and energy company that specializes in the manufacture of aircraft engines, and power systems for the aviation industry. Headquartered in London, UK, the company was initially formed in 1904 by Henry Royce and Charles Rolls. As of 2018, the company was the 16th largest defence contractor in the…

LinkedIn to Layoff 688

LinkedIn, the social media network for business and professional relationships, has announced an additional job cut that would affect about 688 employees across various departments like engineering, product, finance, etc. The company said the layoffs are necessary to adapt to the organizational structure changes, and to streamline their decision-making process. In May 2023, LinkedIn also…

Roku to Layoff 10%

Roku Inc is a consumer electronics company that manufactures digital media players for video broadcasting, amongst a variety of streaming services. The company was founded in 2002 with its headquarters in California, USA. Netflix is reportedly an early investor in the company. According to Roku’s report to the United States Securities and Exchange Commission, they…

UBS to Layoff 3,000

UBS Group AG is a financial services company that offers a variety of services that include investment banking, wealth management, private equity, private & corporate banking, asset management and mortgages, etc. UBS (formerly Union Bank of Switzerland) was founded in 1862 as the Bank in Winterthur, and today’s UBS was formed in 1998 through a…

JPMorgan Cuts 1,000 Jobs

JPMorgan Chase & Co, the American multinational financial services company, is the largest bank in both the United States and the world. With its headquarters in the bustling streets of New York City, it is recognized as a systemically important institution by the Financial Stability Board. JPMorgan Chase informed approximately 1,000 employees of defunct First…

First Citizens Bank Cuts 500 Jobs

First Citizens Bancshares Inc, headquartered in North Carolina, USA, is a bank holding company with its primary subsidiary being First Citizens Bank. The company operates an extensive network of 550 branches across 22 states, with assets worth $109 billion as of December 31, 2022. Following its acquisition of the commercial banking business of Silicon Valley…

Vodafone to Layoff 11,000

Vodafone Group Plc, a British multinational telecommunications company with its headquarters in Berkshire, England, is a formidable force in the industry. With operations spanning Asia, Africa, Europe, and Oceania, Vodafone has solidified its presence as a leading provider of mobile and enterprise services. As of January 2023, Vodafone owns and operates networks in 21 countries,…

LinkedIn Lays Off 716 and Exits China

LinkedIn is a social media platform with a business and employment focus. Unlike other social media platforms that emphasize personal connections and sharing of personal information, LinkedIn is primarily used for professional networking and career development. LinkedIn was founded in 2003, and as of March 2023, it boasts of more than 900 million registered members…

12