layoff

Boeing reportedly lay off roughly 400 employees in Washington and 500 in California as part of their staff reduction initiative. The aerospace giant is in the process of shrinking its global workforce by 10%, having previously announced plans to cut about 17,000 jobs. As part of this endeavour, the company fired off approximately 400 employees in November, all of whom were members of Boeing’s professional aerospace labour union. Boeing’s commercial, defence, and global services departments have borne the brunt of the layoffs in Washington and California. The company has been coping with a financial problem for some time. Furthermore, employees went on strike for eight weeks, bringing production to a stop. The layoff is unsurprising given that Boeing earlier announced plans to c...

Airbus to cut almost 2,000 jobs in its defence and space sector

LinkedIn cuts 200 positions due to strategic changes

Freshworks plans to lay off 13% of its employees

Thyssenkrupp's steel division to lay off 5,000 employees in five years

Ola Electric announced layoffs amid rising market constraints.

Nissan plans to slash 1,000 jobs in Thailand

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