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layoffs
Tesla expects to book over $350 million in costs for layoffs
The electric vehicle maker also reiterated that it expects capital expenditure to exceed $10 billion in 2024 and to be between $8 billion to $10 billion in each of the following years.
24 April 2024, 10:44 IST
Tesla expects to book over $350 million in costs for layoffs
24 April 2024, 10:44 IST
AI is driving more layoffs than companies want to admit
UPS is among a growing number of companies facing an AI two-step of sorts: Showing investors how AI helps do more with less while simultaneously avoiding the fear-mongering that comes with directly linking technology with job cuts.
09 February 2024, 03:12 IST
AI is driving more layoffs than companies want to admit
09 February 2024, 03:12 IST
Tech layoffs continue to roil industry with 32,000 jobs cut
Although economic factors are the main reason for tech layoffs, Lee noted that many companies are citing the race for artificial intelligence as a factor, as they are shifting resources to focus on AI talent.
06 February 2024, 04:27 IST
Tech layoffs continue to roil industry with 32,000 jobs cut
06 February 2024, 04:27 IST
Mass layoffs shouldn’t be routine
Sandra Sucher and Marilyn Morgan Webster of Harvard Business School said that layoffs break trust by severing the connection between effort and reward.
06 February 2024, 03:03 IST
Mass layoffs shouldn’t be routine
06 February 2024, 03:03 IST
YouTube cuts 100 employees as tech layoffs continue
YouTube has struggled to fully recover from an advertising slowdown in the past year and has contended with strong competition from TikTok, the short-video service popular with younger users.
18 January 2024, 01:05 IST
YouTube cuts 100 employees as tech layoffs continue
18 January 2024, 01:05 IST
Google laying off hundreds from assistant, hardware, AR teams
Google said it will lay off hundreds at its Voice Assistant unit, while a few hundred roles are being eliminated in the company's hardware team responsible for Pixel, Nest and Fitbit, with the majority in the augmented reality (AR) team being let go.
11 January 2024, 06:40 IST
Google laying off hundreds from assistant, hardware, AR teams
11 January 2024, 06:40 IST
Spotify to sack 1,500 people in latest round of layoffs this year, shares jump
The company will start informing affected employees on Monday. Employees will get about five months of severance pay, vacation pay, and healthcare coverage for the severance period.
04 December 2023, 10:09 IST
Spotify to sack 1,500 people in latest round of layoffs this year, shares jump
04 December 2023, 10:09 IST
Delta lays off some corporate workers to cut costs
Delta did not specify how many jobs it is cutting, but said the layoffs do not affect frontline workers like pilots or flight attendants.
02 November 2023, 03:56 IST
Delta lays off some corporate workers to cut costs
02 November 2023, 03:56 IST
Nokia to cut up to 14,000 jobs after sales drop by a fifth
Nokia is targeting savings of between 800 million euros ($842 million) and 1.2 billion euros by 2026, the deadline by which it seeks to deliver a long-term comparable operating margin plan of at least 14 per cent.
19 October 2023, 07:05 IST
Nokia to cut up to 14,000 jobs after sales drop by a fifth
19 October 2023, 07:05 IST
Rolls-Royce to cut up to 2,500 roles in latest efficiency drive
Over the last decade, Rolls-Royce, whose engines and systems are used on the Airbus A350 and Boeing 787 as well as ships, submarines and in power generation, has been through several restructurings, cutting over 13,000 jobs.
17 October 2023, 09:31 IST
Rolls-Royce to cut up to 2,500 roles in latest efficiency drive
17 October 2023, 09:31 IST
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