Jack Dorsey lays off half of Block's staff due to AI and Wall Street praises him
Block has announced a significant reduction in its workforce, cutting down from over 10,000 to fewer than 6,000 employees as part of a strategic restructuring influenced by AI.
Aston Martin Cuts Jobs: US Tariffs and Weakening China Hit the Brand
Aston Martin announces a 20% reduction in workforce due to financial struggles exacerbated by US tariffs and economic pressures in China.
An automotive company cuts 20% of its workforce due to increasing losses
Aston Martin announced a 20% workforce reduction as it faces rising financial losses attributed to tariffs and declining demand in China.
Danske Bank fires 230 people in Denmark
Danske Bank has announced the termination of 230 positions in Denmark as part of a larger workforce reduction of 420 roles across the bank.
This is how Kela will replace at least a thousand benefits processors with automation
Finland's Kela aims to automate up to 80% of benefit application processing using a new Salesforce system, potentially reducing its workforce by over 10%.
Burdened by Chinese and American tariffs, Aston Martin announces a 20% reduction in its workforce
Aston Martin has announced a 20% reduction in its workforce, affecting around 600 employees, due to increased tariffs in China and the U.S., alongside a significant net loss.
High metal prices gave Hydro a boost
Norwegian company Norsk Hydro reported a fourth-quarter operating profit of 5.6 billion kroner, buoyed by high metal prices and production records, though it continues a workforce reduction plan into 2026.
The Washington Post's Large Scale Restructuring: Media Struggles and Bezos's Changes
The Washington Post announced a significant workforce reduction, cutting approximately 30% of its staff amid ongoing struggles in the media landscape and following changes under owner Jeff Bezos.
The French automotive industry has lost a third of its workforce between 2010 and 2023, according to Insee
The French automotive industry has suffered a significant workforce reduction, losing over 139,000 jobs since 2010 due to declining sales and factory closures.
Sumitomo Heavy Industries to Reduce Employee Numbers by 500, Halting Re-employment Offers for Seniors
Sumitomo Heavy Industries has announced a plan to reduce its workforce by 500 employees as part of cost-cutting measures.
Akzo Nobel presents a layoff plan for 120 people at its plant in El Prat de Llobregat, Barcelona
Akzo Nobel has announced a layoff plan affecting 120 workers at its El Prat de Llobregat plant in Barcelona, which represents a 60% reduction in the workforce according to union reports.
Jeff Bezos ordered to fire one third of the staff at ‘The Washington Post’
Jeff Bezos instructed a significant workforce reduction at The Washington Post to address declining subscriptions following a shift in the newspaper's editorial stance towards the conservative after sensing Trump's electoral win.
Washington Post Cuts Staff by 30%, Significantly Reducing Overseas News Coverage
The Washington Post has announced a major workforce reduction, cutting 30% of its employees, particularly impacting its overseas reporting network and sports department.
Panasonic HD expands workforce reduction to 12,000, exceeding expectations for voluntary departures
Panasonic Holdings revealed that its workforce reduction plan has grown to approximately 12,000 employees due to higher-than-expected voluntary departures, leading to increased restructuring costs.
Sources: Stegra owes contractors hundreds of millions
Stegra is reportedly struggling to pay multiple contractors for ongoing industrial projects, leading to a significant reduction in workforce due to unpaid invoices totaling hundreds of millions.
Avatel announces a new ERE due to its "delicate economic situation"
Avatel Telecom intends to initiate a new collective dismissal procedure due to financial difficulties, following a previous significant workforce reduction impacting 674 employees.