Swedish telecom big Ericsson mentioned on Monday it could lay off about 1,200 staff in Sweden as part of value cuts introduced earlier this yr,
Tag: layoffs
Round of unrelenting job cuts hit Big Tech, media companies
As some firms equivalent to Snap, which runs the youth-focused on the spot messaging Snapchat platform, proceed to announce recent job cuts reflecting financial uncertainties
Riot Games to lay off 11% of staff in latest slash for tech sector
The developer of the favored “League of Legends” multiplayer battle recreation, Tencent Holding’s Riot Games, is becoming a member of a number of different tech
Telefonica seeks to axe 5,100 jobs in Spain by 2026, says union
Spanish telecommunication large Telefonica seeks to chop almost 5,100 jobs in its dwelling market by 2026 – roughly one-third of its posts within the nation
LinkedIn cuts over 700 jobs, phases out China app as demand wavers
LinkedIn, the social media community owned by Microsoft Corp that focuses on business professionals, mentioned Monday it might reduce 716 jobs as demand wavers whereas
‘McDonald’s temporarily closes US offices ahead of layoffs’
McDonald’s is closing its U.S. places of work for just a few days this week, a report stated Sunday, as the corporate prepares to tell
Amazon to cut 9,000 jobs in second round of layoffs
Amazon.com Inc. on Monday mentioned it could axe one other 9,000 roles totaling 27,000 job cuts in current months, trimming from its long-profitable cloud unit
Meta to shed 10,000 jobs amid series of mass layoffs in tech sector
Meta Platforms introduced that it will slash 10,000 jobs this 12 months, amid the deep financial downturn within the trade. Meta shares jumped practically 7%
Ericsson to cut 8,500 jobs in largest telecoms industry layoff
Ericsson on Friday introduced it will minimize about 8,500 jobs worldwide as a part of a cost-cutting program, news businesses reported, marking the biggest layoff
US media rocked by layoffs amid economic gloom
From CNN to The Washington Post, U.S. media is dealing with robust instances, as a collection of retailers have introduced layoffs this winter amid fears