Moderna's Stock Plummets 9% Amid Workforce Reduction and Grim Revenue Outlook
Moderna Inc. experiences a 9% stock drop after announcing workforce layoffs and a downgraded revenue forecast for 2025, highlighting financial challenges ahead.
layoffs News
TCS Faces Significant Market Cap Drop and Plans 12,000 Layoffs Amidst AI Transition
Tata Consultancy Services (TCS) has lost over Rs 28,000 crore in market capitalisation after announcing plans to lay off 12,000 employees globally. The layoffs are part of TCS's st...
Microsoft CEO Satya Nadella Shares Deep Regret Over Massive Layoffs Amidst Company Growth
Microsoft CEO Satya Nadella expresses regret over recent layoffs affecting thousands, while highlighting the company's growth and future AI ambitions.
Amazon Announces Further Job Cuts in AWS Amid Revenue Misses, What's Next?
Amazon.com Inc. has announced further layoffs within its Amazon Web Services (AWS) division, following a third consecutive quarter of revenue misses. The company vows to support af...
Nissan Announces Strategic Shutdown of Select Japanese Factories Amid Business Restructuring
Nissan Motor Co., Ltd. is temporarily suspending operations at select Japanese factories as part of a business restructuring effort to combat overproduction. The future of these pl...
Massive Layoffs Hit Spain: Over 2,000 Meta Content Moderators to Lose Jobs
Over 2,000 Meta content moderators in Barcelona face layoffs after Telus International loses its contract with Meta. The union CCOO has secured a preliminary agreement for maximum ...
Mass Layoffs Hit Spain: Over 2,000 Meta Content Moderators to Lose Jobs After Contract Loss
Over 2,000 content moderators in Spain face layoffs after Telus International loses its contract with Meta. The Workers Commissions (CCOO) have announced a preliminary agreement fo...
Mass Layoffs Hit Spain: Over 2,000 Meta Content Moderators to Lose Jobs After Contract Loss
Over 2,000 content moderators in Barcelona face layoffs after Telus International loses its contract with Meta. The Workers Commissions in Spain (CCOO) announced the job cuts, with...
Infosys Continues Layoffs: Over 800 Trainees Dismissed After Failing Internal Assessments
Infosys has dismissed over 800 trainees for failing internal assessments since February, offering them upskilling programmes and outplacement assistance. The company remains silent...
Meta Platforms Inc. Announces Significant Layoffs in Reality Labs Division Affecting Oculus Studios and More
Meta Platforms Inc. has laid off employees in its Reality Labs division, affecting Oculus Studios and hardware teams. The move aims to improve efficiency for future mixed reality p...
Google Announces Major Workforce Reduction in Android and Pixel Teams Amid Restructuring
Google has reportedly cut hundreds of jobs in its platforms and devices unit, affecting Android, Chrome, and Pixel teams. This follows a restructuring effort and last year's global...
Stellantis Announces Temporary Layoffs of 5,400 Workers Due to New US Tariffs on Auto Industry
Stellantis NV is temporarily laying off 5,400 workers as it suspends production at plants in Canada and Mexico due to new US tariffs on the auto industry. The decision is linked to...
Stellantis Announces Temporary Layoffs of 5,400 Workers Due to US Tariff Impact on Auto Industry
Stellantis NV temporarily lays off 5,400 workers in Canada and Mexico due to new US tariffs on the auto industry, affecting production and employees amidst global trade tensions.
Stellantis Announces Temporary Layoffs of 5,400 Workers Due to New US Tariffs Impact
Stellantis NV temporarily lays off 5,400 workers in Canada and Mexico due to new US tariffs on the auto industry, affecting production and employees directly.
Zomato Shakes Up Workforce: Over 600 Customer Support Jobs Axed Amid Performance Concerns
Zomato has laid off 500-600 customer support employees, citing non-performance, with some alleging abrupt termination without notice. The company, which hired 1,500 last year, rema...
Zomato Shakes Up Workforce: Over 500 Customer Support Jobs Axed Amid AI Shift
Zomato has laid off 500-600 customer support employees, citing non-performance, amid a shift towards AI automation. The move has caused employee backlash, reflecting a wider indust...
Amazon Cuts 200 Jobs in FBA Support Team as AI Takes Over Merchant Assistance
Amazon has laid off 200 employees from its FBA support team as it shifts towards AI-driven merchant assistance tools like Project Amelia, ensuring continued support for sellers.
Boeing Announces Major Layoffs in India: Up to 180 Engineers Affected in Bengaluru
Boeing has laid off up to 180 employees in Bengaluru as part of a global downsizing effort, affecting its India Engineering Technology Center. Despite this, Boeing views India as k...
Goldman Sachs Announces Major Workforce Reduction: VPs in the Crosshairs
Goldman Sachs is set to reduce its workforce by 3% to 5%, with vice presidents expected to be the main target. CEO David Solomon cited overhiring as a key reason, aiming to enhance...
Southwest Airlines Announces Closure of Crew Bases in Florida and Texas to Cut Costs
Southwest Airlines Co. is closing two crew bases in Florida and Texas to reduce costs, affecting flight attendants and following a previous layoff of 1,750 corporate employees.
Chevron Announces Major Workforce Reduction: 15%-20% Global Layoffs to Save $3 Billion
Chevron plans to reduce its global workforce by 15%-20% as part of a cost-cutting strategy aiming to save up to $3 billion. The layoffs, announced by Vice Chairman Mark Nelson, are...
JPMorgan Chase Initiates Strategic Layoffs in 2025 to Adapt to Evolving Business Needs
JPMorgan Chase & Co. has initiated a series of strategic layoffs in 2025, starting with its Houston offices, to adapt to changing business needs. The layoffs are scheduled across s...
Meta Platforms Inc. Announces Massive Layoffs: What Employees Need to Know
Meta Platforms Inc. is set to announce significant companywide layoffs this Monday, affecting around 3,600 employees identified as low-performing. Affected staff will receive sever...
Meta Platforms Inc. Prepares for Major Workforce Reduction: What You Need to Know
Meta Platforms Inc. is set to announce a significant workforce reduction, affecting around 3,600 employees identified as low-performing. Employees will receive severance package no...
Meta Announces Major Workforce Reduction: What You Need to Know
Meta Platforms Inc. is set to announce a significant workforce reduction, affecting around 3,600 employees identified as low-performing. Affected employees will receive severance p...
Ubisoft Announces Major Workforce Reduction: Over 200 Jobs Cut Across Europe
Ubisoft Entertainment SA is set to lay off over 200 employees across its European offices as part of a cost-reduction strategy. The layoffs will affect offices in the UK, Germany, ...
Google-Backed ShareChat Announces Layoff of 30 Employees Amid Performance Review
ShareChat, a Google-backed regional content platform, has laid off 30 employees after a performance review, reducing its workforce to about 550. The company has seen a significant ...
Barclays Shakes Up New York Team: 15 Bankers and Traders Let Go
Barclays plc has reportedly laid off 15 bankers and traders in New York, with none receiving their expected bonuses. Some are considering lawsuits potentially exceeding $10 million...
Boeing Announces Nearly 400 Layoffs in Washington State Amid Cost-Cutting Measures
Boeing Company plans to lay off 396 staff members in Washington State as part of its cost-reduction strategy announced in October. The layoffs, set to begin on February 21, are in ...
Boeing Announces Layoffs: 396 Jobs to be Cut in Washington State
The Boeing Company is set to lay off 396 staff members in Washington State, as part of its cost-reduction efforts. This move is in line with the company's broader strategy to cut a...
