Microsoft conducted another round of layoffs this week, impacting various teams across geographies.. While the exact number of affected employees has not been disclosed, LinkedIn posts from those impacted indicate cuts in product and program management roles. A Microsoft spokesperson explained, “Organizational and workforce adjustments are a necessary and regular part of managing our business….
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…
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…
Apple’s recent decision to lay off over 700 employees has left many in shock, especially considering the company’s previous track record of avoiding large-scale job cuts. The layoffs stem from the shutdown of major projects, notably the termination of the ambitious car project, Project Titan, and the cessation of efforts to develop Micro-LEDs for the…
Novartis, the Swiss pharmaceutical giant, has announced plans to streamline operations by cutting up to 680 jobs in its development organization, with around 440 positions in Switzerland and up to 240 roles in the United States affected over the next few years. This decision aligns with a broader restructuring program aiming to potentially cut 8,000…