Latest News, Updates & Breaking Headlines
Starbucks is once again trimming its workforce, laying off about 300 US-based roles set to go as the coffee giant reshapes its operations in a bid to get back to what it calls “durable, profitable growth”.The job reductions, according to Reuters, will affect regional support offices, with Starbucks also moving to consolidate its US office…
Microsoft-owned LinkedIn is reportedly laying off hundreds of employees across multiple teams. The professional networking site is reportedly cutting 5% of its global workforce, or approximately 875 employees. In a statement to Business Insider, a LinkedIn spokesperson said that the job cuts come, “As part of our regular business planning, we’ve implemented organizational changes to…
Walmart, America’s largest private employer has announced its plans to layoff or relocate around 1,000 corporate employees as part of a restructuring effort in oder to combine its global technology and product teams. According to a report by The Wall Street Journal, in a memo to staff, Walmart executive Daniel Danker, head of global AI…
PayPal is planning to layoff thousands of employees over the next two to three years. According to a report by The Wall Street Journal, PayPal is said to layoff 20% of its staff which amounts to roughly 4,760 positions out of the 23,800 employees. As per the report, the layoffs are part of a sweeping…
A Chinese court ruled that companies cannot terminate employees just to replace them with artificial intelligence systems, as authorities juggle the need to stabilise the domestic labour market with a global race to develop AI technologies.The court decided that a tech firm in eastern China had illegally fired one of its workers after he refused…
KPMG is laying off hundreds of employees in the US Advisory division. The latest round of layoffs comes as part of a restructuring effort tied to shifting demand across consulting services. According to a report by The Wall Street Journal, the company has cut about 4% of its advisory workforce in the United States, affecting…
Nike has announced that it will layoff 1400 employees across its global operations team, with the majority of reductions coming from its technology division. This move of the company is part of its ongoing ‘Win Now’ action plan which is aimed at streamlining operations and positions the brand for longterm profitable growth. In a memo…
Snapchat’s parent company is laying off 16% of its global workforce, impacting around 1,000 employees, as it pivots towards profitable growth and integrates AI to enhance efficiency. CEO Evan Spiegel announced the move, aiming to slash costs by over $500 million by 2026 to achieve net-income profitability. Snap is cutting 16% of its global workforce—around…
Dozens of Maoist cadres surrendered across Bastar in Chhattisgarh and Gadchiroli in Maharashtra on the final day of Union home minister Amit Shah’s March 31 deadline to end left-wing extremism, while Odisha declared itself free of Naxalite influence and scrapped its surrender and rehabilitation policy for those who failed to lay down arms on Tuesday.In…
Epic Games on Tuesday said it will lay off more than 1,000 employees as the video game publisher moves to cut costs amid industry-wide pressures and company-specific challenges, AP reported.The Cary, North Carolina-based company said the job reductions are not linked to artificial intelligence, but reflect slower growth in the gaming sector, weaker consumer spending…
