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Tag:
job cuts
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As artificial intelligence (AI) continues to revolutionize industries worldwide, at least four in ten companies are planning significant workforce reductions within the …
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Business
Nissan Cuts 9,000 Jobs, Lowers Profit Forecast Amid Struggles in Chinese Market
by Sonia Parkby Sonia ParkNissan Motor Co. is making sweeping cuts across its global operations, announcing a plan to reduce its workforce by 9,000 and cut …
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Business
Intel Cuts 15,000 Jobs Amid Efforts to Save $10 Billion by 2025
by Sonia Parkby Sonia ParkIntel has announced a significant workforce reduction, cutting 15,000 jobs, or approximately 15% of its global workforce. The decision, revealed by CEO …
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Business
Warner Brothers Discovery Announces Job Cuts Amid Budget Reductions
by Sonia Parkby Sonia ParkWarner Brothers Discovery (WBD) is currently implementing job cuts as part of a broader strategy to significantly reduce spending on streaming services, …
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Ericsson, a leading Swedish telecommunications company, has revealed plans to lay off approximately 1,200 employees in Sweden due to a slowdown in …
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Electric vehicle manufacturer Rivian has revealed plans to cut approximately ten percent of its salaried workforce, pointing to financial challenges and a …
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Business
Wayfair Announces Workforce Reduction: 13% Job Cuts to Streamline Operations
by Sonia Parkby Sonia ParkWayfair, the online home goods retailer, has revealed plans to implement a significant workforce reduction, affecting 13% of its global employees. The …
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Business
Citigroup Announces Massive Workforce Reduction with 20,000 Job Cuts
by Sonia Parkby Sonia ParkIn a significant move that reverberates through the financial sector, Citigroup, headquartered in New York City, has announced plans to implement a …