Job Cuts

McDonald's closed its offices for a few days earlier this week to have career conversations with all corporate employees, including those being let go

"The technology sector is leading all industries, and this talent is in demand across industries. In fact, 38 per cent of all cuts are in the Tech sector," the report stated

ICRC said its governing board last week approved $475.30 million in cost reductions over 2023 and early 2024

The suit was brought on behalf of an unspecified number of workers hired by Twitter through employee staffing company TEKsystems Inc

The company is shedding positions in what it calls its development and preservation teams. Those groups are responsible for the construction and upkeep of Apple retail stores

There have been more than 500,000 job cuts announced around the world since October, as tracked by Bloomberg

McDonald's has more than 150,000 employees in corporate roles. About 70% of those employees are based outside the United States

In November 2022, the streaming company had announced it was laying off 200 US employees, or roughly 7 per cent of its workforce

In a US securities filing, the company announced a workforce reduction of approximately 675 employees, constituting approximately 85 per cent of the company's workforce "in order to reduce expenses"

Electric vehicle (EV) startup Lucid announced that it is laying off around 1,300 of its employees or 18 per cent of its workforce, within the upcoming months

In an open letter addressed to Chief Executive Officer Sundar Pichai, employees made a series of demands of the company, including freezing new hires, seeking voluntary redundancies

The company also trimmed its annual revenue growth and profit forecasts on Thursday, amid worries that recession-wary enterprises will cut technology budgets

Swiss technology firm Logitech has laid off 300 employees amid the challenging global macro-economic environment, the media reported on Thursday.

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It is unclear whether Disney will start laying off employees in small batches or lay off thousands all at once

During an internal meeting with employees, Chief Executive Officer Mark Zuckerberg told employees the economic climate of layoffs and restructuring could last many years

The Facebook parent company has been marketing 2023 as a "year of efficiency" in an effort to improve its financial performance and achieve longer-term goals

With the latest move, Meta expects expenses in 2023 to come in between $86 billion and $92 billion, lower than the $89 billion to $95 billion forecast previously

The total number of employees at Samsung DSA is 1,200, of which 30 employees have been removed

Meta Platforms, the parent company of Facebook is planning additional job cuts over several rounds in the next few months, according to media reports, reported The Wall Street Journal (WSJ)