Attrition
Qualcomm cuts 226 people as it diversifies its operations
Qualcomm cuts 226 people as it diversifies its operations
IBM layoffs impact hundreds as firm seeks to keep it under control
IBM layoffs impact hundreds as firm seeks to keep it under control
Cisco restructures again, eliminating thousands of positions
Cisco restructures again, eliminating thousands of positions.
Intel to slash around 1000 positions in Israel
Intel to slash around 1000 positions in Israel
Samsung India will lay off at least 200 executives
Samsung India will lay off at least 200 executives
Microsoft cuts 650 jobs within Xbox
Microsoft cuts 650 jobs within Xbox
Dunzo reduces personnel by 75% to cut costs
Dunzo reduces personnel by 75% to cut costs
Goldman Sachs’ performance evaluation resulted in at least 1,300 job losses
Goldman Sachs' performance evaluation resulted in at least 1,300 job losses
FedEx to cut 2000 positions in Europe
FedEx is planning to reduce its European workforce by cutting 1,700 to 2,000 back-office and commercial positions over the next 18 months as part of its cost-reduction strategy. This move is expected to affect some of the nearly 50,000 employees in the region and could save the company between $125 million and $175 million annually starting from 2026-2027. However, the job cuts will incur costs of $250 million to $375 million in redundancy payments and related expenses. The restructuring will involve eliminating certain roles, merging teams within back-office and commercial operations, and consolidating some activities across the region into select shared activity centers. Despite these changes, FedEx assured that customer service and delivery operations will remain unaffected. The company...
IBM is cutting its personnel in China, firing off 1,000 employees
IBM is cutting its personnel in China, firing off 1,000 employees
Apple slashes 100 positions in its services division
Apple slashes 100 positions in its services division
GoPro plans to reduce its personnel by 15% as part of its reorganisation efforts.
GoPro, the well-known action camera manufacturer, has announced its plan to reduce its workforce by approximately 15 percent. This move is part of the company’s broader restructuring efforts aimed at cutting operating costs. The company’s board of directors has approved the restructuring plan, which will affect around 139 of its 925 full-time employees. The layoffs are set to begin in the third quarter of 2024 and are expected to be completed by the end of the year. This marks GoPro’s second round of job cuts in 2024, following a four percent reduction in March, during which the company also downsized its global office space. Despite these measures, GoPro’s financial performance for the second quarter showed a 22.7 percent decline in revenue, dropping to $186 millio...