jobcuts

Major Changes at GM: Job Cuts and Proving Ground Closures

12 days ago

General Motors (GM) has announced plans to cut jobs and close several of its proving grounds in the United States. This decision comes in response to the need to reduce costs and streamline production processes amid increasing competition in the automotive market and a shift towards electric vehicles.

Nissan Cuts Jobs and Reduces Production Amid Rising Costs and Falling Demand

23 days ago

Nissan has announced plans to cut jobs and reduce production at its plants. This decision is related to the need to adapt to market changes, rising production costs, and falling vehicle demand. Nissan has already begun the process of laying off 12,500 employees worldwide, which accounts for approximately 9% of its total workforce.

Significant Workforce Reductions: South African Company Seriti Coal Plans to Lay Off Over 1,100 Workers

2 months ago

South African mining company Seriti Resources, one of the largest coal producers in the country, has announced plans to cut more than 1,100 jobs. These measures pertain to their operations in the coal sector and arise from the need to modernize production processes and adapt to changing market conditions.

Major Job Cuts at Cox Communications: 5% of Workforce to Be Laid Off Due to Sales Decline

3 months ago

Cox Communications, one of the leading cable TV and internet service providers in the U.S., has announced a 5% reduction in its workforce due to a significant drop in sales revenue. This decision reflects the current market conditions that are prompting the company to reevaluate its business strategies.

Microsoft Announces Reduction of 650 Jobs in Xbox Support Division

3 months ago

Microsoft is set to lay off 650 employees within its Xbox support division, marking a significant reshaping of its gaming operations. This decision comes as part of a broader initiative aimed at streamlining operations and adjusting to changing market demands. The affected roles primarily consist of customer support positions, which have become less critical as advancements in technology and changes in consumer preferences shift the focus toward more automated solutions.

Apple Cuts About 100 Services Jobs as Part of Priority Shift

3 months ago

Apple's new strategy, aimed at optimizing its business model, is leading to significant changes within the company. This time, the tech giant has decided to cut approximately 100 jobs in its services division. These changes are part of a broader initiative focused on improving operational efficiency and redirecting resources to more critical areas.

Key Fed Official Stresses Importance of Monitoring Labor Market Cooling

3 months ago

Federal Reserve Board member, Ernie Goolsbee, emphasized the critical need to monitor the cooling labor market in the context of the current economic situation. He stated that recent changes in the labor market could profoundly influence the future monetary policy of the institution.