attrition

Ford Motor Company has announced plans to reduce its workforce by 4,000 employees across Europe and the UK by the end of 2027. This decision comes in response to economic challenges, increased competition, and slower-than-expected sales of electric vehicles (EVs). The majority of the job cuts will impact Germany, where 2,900 positions are set to be eliminated. In the UK, 800 jobs will be cut over the course of the next three years, while another 300 positions will be reduced across other European Union countries. Currently, Ford employs 28,000 people in Europe, including 5,300 in the UK, and has a total global workforce of 174,000. The company cited the need for operational efficiency as it navigates economic pressures and adapts to changing market demands. A sharp decline in sales has com...

General Motors cuts 1,000 jobs in a cost-cutting effort

Audi plans to cut 4,500 positions or 15% of its workforce

Booking.com to restructure and reduce staff as operating costs rise

GoPro cuts 26% of its roles

NASA's JPL reports a 5% reduction in staff due to a budget deficit

Mozilla cuts 30% of its workers as part of a restructure

Bosch cuts 7,000 jobs amid financial challenges

Nissan to cut 9,000 jobs worldwide due to financial difficulties

Freshworks cuts 13% of its workers worldwide

Visa Inc. is reportedly planning to reduce its workforce by approximately 1,400 employees and contractors by the end of 2024. This decision is part of an initiative to streamline its global operations. The cuts are expected to impact around 1,000 positions, primarily within the technology division, as the company aims to enhance operational efficiency. This restructuring aligns with Visa’s strategic focus on refining its international functions while continuing to grow in a competitive digital payments landscape. In addition to technology roles, the restructuring is likely to affect the company’s merchant sales and global digital partnership teams. Some layoffs have already occurred, but it is anticipated that employees within the global digital partnership division will remain until...