Tag: job cuts
Business
Disney to lay off 7,000 jobs as streaming usage declines
7,000 jobs will be eliminated, according to Disney CEO Bob Iger, as part of a significant restructuring of the entertainment juggernaut.The layoffs are a...
Business
PayPal lays off 2,000 employees over harsh global economy
In an effort to reduce costs, PayPal is laying off about 2,000 employees, or 7% of its workforce.The company that handles online payments claims...
World
Goldman Sachs staff in Asia laid off as global job-cuts begins
A major US investment bank is embarking on a massive cost-cutting drive that will result in the loss of thousands of jobs.Goldman Sachs employees...
Business
McDonald’s sends job cut warnings
As part of a significant reorganization that would also hasten the development of new locations, McDonald's CEO has warned employees to expect job layoffs.The...
World
Amazon to layoff 18,000 jobs as it cuts costs
Amazon intends to cut more than 18,000 jobs, the most in the company's history, in a bid to cut costs.The online retailer, which employs...
World
Meta eliminates over 11,000 jobs -the highest number in its history
Facebook's parent company, whose stock has lost more than two-thirds of its value, also announced plans to cut discretionary spending and extend its hiring...
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