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JOB CUTS
The Netflix story: Job cuts, exits, sinking stock, and the battle for viewership. A plot twist that isn't on screenNetflix faces a turbulent chapter as it grapples with stagnant subscriber growth and a notable drop in viewing hours. Recent high-stakes re...- Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo showsThe cuts are part of an effort to build "a stronger performance culture" and address situations where the company "has consistently fallen ...
- BBC to cut 2,000 jobs, shut BBC Three, BBC Scotland TV channels and Radio 4 Extra to save £500 millionIn a significant shift, the BBC will discontinue its BBC Three and BBC Scotland channels this spring as part of a strategic initiative aime...
- Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows: Reuters reportsQualcomm will begin notifying employees of job cuts in November as a part of its annual reviews. CEO Cristiano Amon mentioned the aim is to...
- Anthropic’s new fund could help address AI’s impact on jobs and workersAnthropic has unveiled the Anthropic Public Benefit Fund, which focuses on ensuring job stability amid the rise of AI technology. The firm ...
- Volkswagen plans to freeze salaries until 2030, works council saysVolkswagen is reportedly planning to freeze salaries for its 660,000 employees worldwide until 2030 as part of a broader cost-cutting drive...
- The number of Americans filing for jobless aid remain at historically low levels below 200,000U.S. unemployment benefits applications slightly increased, with initial claims rising to 199,000 for the past week. Despite the increase, ...
- Netflix layoffs: 1,000 employees eliminated ahead of quarterly earnings results; biggest cut since 2022After a challenging year at Wall Street, Netflix lays off around 1,000 employees, comprising about 6% of its total workforce. The impact wi...
- Netflix layoffs: Senior designer laid off after launching two projects ‘from 0 to 1’, shares career updateSenior Product Designer, at Netflix, Heather Noddings has lost her job amid the streaming giant’s layoffs. Based in Los Angeles, she announ...
- Netflix layoffs: Employee loses job after 12 years, says ‘it’s hard to put into words’, after 1,000 workers are laid offNetflix is laying off nearly 1,000 employees, around 6% of its workforce, amid organisational changes. Adam Mulder, who spent 12 years at t...
- Netflix lays off 6% of its workforce: Employee shares why he feels ‘relieved’: ‘I have no idea…’Netflix has slashed about six percent of its workforce – this has impacted more than 1,000 employees in total. Taking to Reddit, one Reddit...
- Netflix announces its biggest layoffs to date, to fire 6% employees. Read the full letter of co-CEOs to staffIn a strategic move amid declining subscriber numbers, Netflix announced the layoff of approximately 1000 employees, making up about 6% of ...
- Netflix cuts about 6% of jobs: WSJThis marks its biggest round of layoffs since 2022, as the streaming giant faces intense competition for users' time in a consolidated medi...
- Microsoft Azure is not taking cost-cutting measures, says software giant spokesperson amidst AI overhaul reportsMicrosoft has announced the next generation of its custom AI chip and said it plans to deploy potentially more than a million of them next ...
- Kroger to cut 3,000 corporate jobs as CEO Greg Foran launches sweeping restructuring to take on rivals in the battle for cheaper groceriesKroger is embarking on a major restructuring by cutting around 3,000 corporate roles to boost operational efficiency. This strategic decisi...
- AI surveillance startup Flock Safety to cut several hundred jobs amid backlashFlock Safety plans to let go of about 18% of its employees, people with direct knowledge of the plans said on Thursday, as the maker of AI-...
- Amazon India layoffs: Pink slips handed to employees across retail, customer service functionsThe layoffs came to light a day after Amazon's biggest flagship sale event in the country, Great Indian Festival, opened on October 7.
- Amazon makes fresh job cuts, mainly in retail divisionAmazon confirmed on Wednesday it had cut what it said were a small number of jobs, primarily in its Stores unit which oversees the main e-c...
- Amazon makes fresh job cuts, mainly in retail divisionAmazon has confirmed recent job cuts affecting employees in its Stores unit during a major sales event. The layoffs are part of a series of...
- More layoff pain: Nike, airBaltic and Microsoft's Hellblade studio announce major job cutsNike is planning to implement further job cuts as part of its restructuring programme, which began in March. Meanwhile, developers at Hellb...
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