Amidst a shifting landscape in the electric vehicle (EV) charging realm, BP is recalibrating its strategy, trimming its workforce by over 10% and pulling back from select markets. CEO Murray Auchincloss spearheads this effort to streamline operations and prioritize profitability amid skepticism from investors regarding BP’s transition away from traditional oil and gas. The overhaul…
Google, a tech giant, has announced a significant restructuring plan, potentially leading to layoffs, as the company navigates a rapidly changing technological landscape. Chief Financial Officer Ruth Porat acknowledged the profound impact of artificial intelligence (AI) and emphasized Google’s commitment to innovation amidst these challenges. The move reflects the company’s strategy to create more efficient…
Toshiba Corporation is set to slash 5,000 jobs, about 10% of its Japanese workforce, signaling a significant departure from Japan’s traditional aversion to layoffs. This move aligns with a broader trend among major Japanese firms like Shiseido, Omron, and Konica Minolta, all announcing recent job cuts amid a shifting economic landscape. Facing chronic labor shortages…
Home Depot confirmed a recent data breach after a vendor mistakenly exposed some employee data during system testing. A third-party Software-as-a-Service vendor inadvertently made public names, work emails, and User IDs of a small sample of Home Depot associates. Though the exact number affected wasn’t disclosed, it’s estimated around 10,000 employees were impacted. The breach…
Tesla, the electric vehicle giant, is facing tough times with declining sales, leading to a significant reduction in its workforce. An internal memo obtained by Reuters reveals plans to lay off more than 10% of its global employees. This move reflects Tesla’s response to market challenges, as it aims to streamline operations and cut costs…
Despite efforts by the Federal Reserve to moderate economic growth, the job market in the United States continues to defy expectations. April saw a surprising surge in job openings, reaching a staggering 10.1 million. This unexpected rise underscores the resilience of the U.S. economy and its ability to withstand external pressures. The strong demand for…
The U.S. immigration system’s backlog is hitting highly skilled Indian professionals hard, with over a million stuck in limbo. Data from USCIS show that these individuals, along with their families, face waits that could stretch for decades due to caps on green cards and per-country limits. Congress set the annual limit for employment-based green cards…