Topic
job cuts
10 stories related to this topic, newest first.
politics13 days ago
Volkswagen to Propose Up to 100,000 Job Cuts as Union Plans Protests at Thursday Board Meeting
Volkswagen will present plans for as many as 100,000 job cuts by 2030 to its supervisory board in Wolfsburg. The German Association of the Automotive Industry called for foreign ownership of some plants to preserve employment amid excess capacity.
channel4.combusiness14 days ago
John Lewis to Close Foreign Exchange Desks in 30 Stores and Gift Wrapping in 25, Consulting on 200 Job Cuts
The department store chain will shut the services this autumn and consult on 200 job cuts. It cited rising online currency purchases by customers.
rnz.co.nzworld34 days ago
BBC Plans 550 Job Cuts to Reach £500 Million Savings Target
BBC management outlined proposals to cut 550 positions as the first phase of a £500 million savings program. The initial round targets 200 roles in the news division.
The Independentai60 days ago
Standard Chartered CEO Apologizes for 'Lower-Value Human Capital' Remarks
Standard Chartered announced plans to cut about 7,800 back-office jobs by 2030 as it increases use of artificial intelligence. CEO Bill Winters later apologized for describing some roles as lower-value human capital during an investor event.
GB Newsfinance77 days ago
Nissan to Cut 10% of European Workforce and Merge UK Plant Production Lines
Nissan plans to reduce its European workforce by around 10 percent as part of a global restructuring. The Japanese carmaker will combine two production lines at its Sunderland plant in the UK and cut 900 office jobs across several countries. The moves follow the company's announc…
Substrate placeholder — needs reviewfinance90 days ago
Gates Foundation Cuts Up to 500 Jobs, Reviews Epstein Ties Externally
The Gates Foundation announced staff reductions of roughly 20% over the next several years. It also launched an external review of its engagement with Jeffrey Epstein and policies for philanthropic partnerships. The moves follow recent disclosures about communications between fou…
Substrate placeholder — needs reviewfinance90 days ago
Gates Foundation Announces Epstein Ties Review, 20% Staff Cut by 2030
The Gates Foundation has initiated an external review of its past connections to Jeffrey Epstein while announcing plans to eliminate up to 500 jobs by 2030. The foundation aims to cap operating expenses at $1.25 billion amid a 2026 budget of about $9 billion. Bill Gates is set to…
Substrate placeholder — needs reviewai91 days ago
Meta Plans to Cut 8,000 Jobs Amid Shift to AI Investments
Meta announced plans to reduce its workforce by 8,000 positions, representing about 10% of its employees. The company is redirecting resources toward artificial intelligence as interest in the Metaverse declines following substantial prior investments. Other technology companies…
MA
Substrate placeholder — needs reviewworld97 days ago
BBC to Eliminate 2,000 Positions, Equating to 10% of Staff
The BBC plans to eliminate as many as 2,000 jobs, which account for about 10% of its workforce. The organization faces challenges to its funding model. These cuts were reported by @business.
BU
Substrate placeholder — needs reviewworld105 days ago
Sony Pictures Entertainment Announces Restructuring with Job Cuts in Film, TV and Corporate Divisions
Sony Pictures Entertainment is undergoing a business restructuring to position the company for future growth. The changes will result in job cuts across its film, television and corporate divisions over the coming months. This move aims to streamline operations amid industry chal…
BU