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WORKFORCE REDUCTION RUMORS
Tech Mahindra denies rumours of major layoffs, says no proposal under considerationTech Mahindra has officially denied market rumors about significant job cuts. The IT services company stated that no proposal to reduce its...- Grab-GoTo deal hits snag caused by state-backed holder’s stakeGrab’s planned multibillion-dollar takeover of GoTo has stalled as Telkomsel, a state-linked shareholder, resists selling its 2% stake at c...
- IRS loses nearly 40% of its billionaire audit team as Donald Trump and Elon Musk push for deep cuts, America’s wealthiest celebrateThe IRS’s Global High Wealth unit, tasked with auditing the wealthiest Americans, has seen a 38% loss in staff this year, resulting in stal...
- CNN restructures workforce amid digital transformation; CEO cites 'Painful Process'CNN is letting go of about 6% of its staff—roughly 200 employees—as it shifts focus to meet changing audience preferences and embrace digit...
- Mass layoffs hit tech industry: Over 27,000 jobs cut as Intel, Cisco, IBM, and Apple slash workforceTech companies cut over 27,000 jobs in August 2024, with major firms like Intel, IBM, and Cisco among those announcing layoffs. Intel plans...
- G7 Summit: How G-7 nations plan to counter rising clout of Russia and ChinaThe G-7, facing challenges from rising powers like China and Russia, grapples with economic and military limitations while navigating a shi...
- Google's once happy offices feel the chill of layoffsGoogle's layoffs have included the YouTube vendor manager teams, causing disruptions in other areas of the business. Employees fear that th...
- Walt Disney Co begins 7,000 layoffsSeveral major divisions of the company - Disney Entertainment, Disney Parks, Experiences and Products, and corporate - will be impacted, ac...
- Microsoft announces third round of layoffs, to cut jobs in IT divisionAccording to reports, about five to ten per cent of employees could lose their jobs.
- Yahoo! denies report it plans to slash 20 per cent of staffYahoo! said that a report by a leading Silicon Valley technology blog that it is preparing to cut its staff by 20 percent is "misleading an...
- Microsoft considering layoffs: ReportMicrosoft is looking to trim its workforce across various divisions and could announce the plans next week.
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