COGNICURRENT

Santander bank executed the biggest workforce reduction in over two decades, decreasing its staff by 4% in 2025.

The Argentine government is set to implement another round of public sector job cuts, targeting a total reduction of 10% of the national administration workforce by 2026.

The Canadian federal government plans to eliminate over 12,000 full-time equivalent jobs across various departments and agencies as part of a spending review to achieve significant cost savings.

Mexican retail giant Femsa is cutting hundreds of jobs in its fintech arm, Spin, signaling challenges in a competitive financial landscape.

The French justice system has approved Timothée Durand's plan to take over the glass manufacturer Arc, which includes significant job cuts.

An INDEC survey indicates that more industrial leaders in Argentina foresee job cuts than increases in hiring over the next few months.

HSBC is considering up to 20,000 job cuts as it aims to integrate AI into its operations, which could affect around 10% of its workforce.

Ikea plans to cut 945 jobs globally, with over half of the reductions occurring in Sweden, as part of a reorganization strategy.

HSBC is reportedly considering cutting 20,000 jobs over the next few years as part of a strategy to reduce costs by leveraging artificial intelligence.

Poland is experiencing an increase in unemployment, coupled with significant budget cuts to job offices aimed at providing support and activation programs.

The article discusses the decline of the German automotive industry, highlighting significant job losses and reduced profits for major companies like Volkswagen and Porsche.

Bentley plans to cut 275 jobs, approximately six percent of its workforce, due to challenging market conditions and the transition to electric vehicles.

The Czech Ministry of Labor is considering the elimination of 60 jobs as outlined in a plan prepared by a civil servant working under Minister Jureček.

AL Sydbank announces layoffs of 84 employees following a recent merger, amidst a wider trend of job cuts in the banking sector.

Nordea is planning to cut 1500 jobs internationally, affecting its workforce in Norway as part of a restructuring effort.

Nordea is preparing to cut approximately 1,500 jobs across its organization to achieve at least €600 million in annual cost savings by 2030, citing technological advancements and artificial intelligence as key reasons for the layoffs.

Nordea is set to eliminate about 1,500 jobs as part of a strategic restructuring due to the impact of AI and process optimization.

Close Brothers plans to eliminate about 600 jobs in the UK and Ireland as part of measures to save £85 million in response to recent financial losses.

Finnish actor Vesa Vierikko expresses concern about the current state of the cultural industry, highlighting job shortages for actors and significant government cuts to culture funding.

Volkswagen employees face uncertainty as reports suggest potential factory closures and job losses amid internal restructuring discussions.

The US job market is facing significant layoffs driven by advancements in artificial intelligence, with major companies like Meta and Amazon announcing cuts affecting thousands of employees.

Ostrava New Steel is preparing to cut up to 270 jobs due to performance issues.

The future of the Kymenlaakso Institute is uncertain due to proposed government cuts to integration training funding, potentially leading to campus closures and job losses.

Volkswagen plans to cut 50,000 jobs by 2030 in Germany as part of a strategy to regain competitiveness after experiencing significant profit losses attributed to competition from China and American tariffs.

Matthias Miedreich, CEO of ZF, criticizes the EU Commission's new car emissions rules proposals, stating they fail to help the climate or prevent job cuts in the automotive industry.

The article discusses concerns over AI's impact on jobs in Australia, focusing on the voice acting profession amid recent corporate layoffs.

Atlassian announced the layoff of nearly 500 employees in Australia, attributing the decision to the reduced labor needs due to advancements in artificial intelligence.

Porsche's CEO Michael Leiters announces further job cuts and new savings measures in response to poor annual figures and plans to restructure the model range.

Elkem plans to cut 300 jobs by the end of 2026 due to challenging market conditions and low demand.

Volkswagen faces a significant decline in profits and plans to cut 50,000 jobs by 2030, reminiscent of its struggles during the Dieselgate scandal.

The World Bank has cautioned governments, including Nigeria, against public sector job cuts as a response to fiscal challenges, indicating that such measures could harm essential services and disproportionately impact vulnerable populations.

Volkswagen plans to cut 50,000 jobs in Germany by 2030 as it faces a 37% drop in net profit influenced by U.S. tariffs.

Volkswagen is set to cut 50,000 jobs in Germany by 2030 due to significant operational losses and ongoing restructuring efforts.

Volkswagen announces a major reduction of 50,000 jobs in Germany amid declining sales and increased tariffs imposed by Donald Trump.

Volkswagen has announced plans to cut around 50,000 jobs in Germany by 2030, primarily due to a significant drop in profits amid ongoing industry challenges.

Volkswagen plans to cut 50,000 jobs by the end of the decade due to declining sales and US tariffs.

Volkswagen reported a nearly 44% decline in profits due to tariff impacts, competition from countries like China, and internal challenges, alongside announcing plans to cut 50,000 jobs by 2030.

Volkswagen announced plans to cut 50,000 jobs in Germany by 2030 due to declining profits and economic challenges.

Volkswagen is planning to cut 50,000 jobs in Germany by 2030, more than previously expected, as it reports a significant drop in its annual performance.

Volkswagen has announced plans to eliminate 50,000 jobs in Germany by 2030 due to its declining net profits.

Scientists are urging the Australian government to halt job cuts at the CSIRO, fearing these reductions will undermine the country's capacity to respond to climate change.

Matalan has secured £25 million in funding to revamp 40 branches while also announcing job cuts and facing financial losses.

The ASÍ union will not participate in any discussions regarding cuts to the welfare system amid concerns about the job market and inflation.

The article discusses the potential consequences of job cuts due to AI automation in companies and highlights the risks of imitating Silicon Valley models for traditional businesses.

Blue political parties in Denmark are advocating for cuts to state bureaucracy, focusing on job losses primarily in major cities rather than the provinces.

Vincit has announced the initiation of change negotiations aimed at adapting its organizational structure to the demands of rapid technological change and the current market situation, potentially impacting 45 jobs.

Tasmanian Premier Jeremy Rockliff's State of the State address highlights public service job cuts while promoting optimism and new infrastructure initiatives.

Wärtsilä is planning structural changes to its global finance organization, which will lead to the reduction of 205 jobs worldwide, including about 110 in Finland, while creating around 130 new positions.

A Japanese financial giant, Mizuho, announced plans to reduce 5,000 administrative jobs using artificial intelligence, echoing similar trends in Finland where Kela is also automating processes and cutting jobs.

Australia is experiencing its first mass job cuts linked to AI, with companies like WiseTech Global and Block Inc announcing significant layoffs while citing a shift in work dynamics due to AI.