Exclusive: France’s EDF is gearing up to scale back on select overseas projects and trim its workforce, insiders tell Reuters. The energy giant is honing its strategy and streamlining operations to tackle growing financial pressures head-on
Browsing: layoffs
Australia’s WiseTech is preparing for job cuts as it embarks on an ambitious AI-driven efficiency drive, set to transform operations and boost productivity like never before. The logistics software powerhouse is fast-tracking its shift toward automation to stay ahead amid intensifying market challenges
With renewed authority, former President Trump is gearing up to unleash swift federal workforce cuts, aiming for major government spending slashes and a bold overhaul of agencies. This marks a striking turnaround in federal employment policies under his leadership
In a significant shift, Walmart is set to part ways with around 1,500 corporate employees as it embarks on a major restructuring initiative. This decision comes in response to the persistent challenges facing the retail industry, as the retail giant seeks to optimize its operations and boost overall efficiency.
HSBC is gearing up to streamline its operations in France, announcing a significant 10% reduction in its workforce that will affect hundreds of jobs. This move is part of a larger strategy to enhance operational efficiency amidst the ongoing challenges faced in the fiercely competitive banking landscape.
Nissan has unveiled a bold move to trim its global workforce by 15%, as the iconic Japanese automaker faces escalating losses. This decisive action is part of a strategic effort to optimize operations in response to tough market conditions and evolving consumer preferences
In a bold move to enhance efficiency and streamline operations, Spain’s BBVA is considering a reduction of up to 2,500 positions as it integrates Banco Sabadell, according to a report by Expansion. This decision reflects the bank’s commitment to adapting in an increasingly competitive market.
STMicroelectronics has unveiled a significant restructuring initiative, which will see the company reduce its workforce by 1,000 positions in France. This strategic move reflects the company’s proactive approach to adapting to evolving market demands. Meanwhile, talks about potential job cuts in Italy are still underway, underscoring the challenges faced by the industry.
Citi has made the surprising decision to shut down its office on the stunning Spanish coast, a location that was launched just three years ago with the aim of boosting employee work-life balance. This unexpected move sparks a conversation about the true effectiveness of remote work strategies as companies continue to navigate evolving corporate policies.
Germany’s Siemens announced plans to cut over 6,000 jobs worldwide, with approximately half of the reductions taking place in its home market. This organizational shift aims to enhance efficiency and respond to evolving market demands amid economic challenges.
Human rights organizations in Argentina are grappling with significant layoffs as funding cuts jeopardize their operations. Advocacy groups warn that these reductions will hinder efforts to protect vulnerable communities and uphold human rights.