64 stories found
Uber CEO Dara Khosrowshahi has announced plans to eliminate approximately ten percent of the company’s global workforce to streamline operations and improve efficiency. The restructuring move comes as the ride-hailing giant focuses on profitability and core business segments.
Artificial intelligence is beginning to create new jobs in the UK, while also prompting warnings for the global workforce to prepare for a new reality in the labor market.
Visa is cutting 2,600 jobs as part of a push towards AI, with employees in India also affected by the global workforce reduction.
Visa plans to reduce its global workforce by 7%, which will impact approximately 2,600 positions, as part of a restructuring effort by its CEO. This decision was reported by Bloomberg News, with artificial intelligence cited as one of the reasons for the reduction.
German carmaker Volkswagen is planning to cut up to 100,000 jobs from its 630,000-strong global workforce, aiming to address its bloated headcount and adapt to challenges from the Chinese EV market.
British American Tobacco (BAT) has confirmed plans to reduce its global workforce by nearly a fifth, cutting 9,000 jobs as part of a major cost-cutting initiative aimed at making the company more digital and AI-focused.
Uber has laid off 23% of its People and Places staff, affecting less than 1% of its global workforce, with the company stating the decision is unrelated to AI.
ASX-listed company WiseTech has started informing staff about redundancies, which were announced in February to affect almost 30% of its global workforce. Workers report that the term 'AI' was notably omitted from emails sent to Chinese employees regarding the layoffs.
Autonomous AI agents are increasingly transforming the global workforce, redefining job roles and operational efficiencies across various industries.
Microsoft-owned LinkedIn is reportedly laying off approximately 875 employees, or 5% of its global workforce, across various teams as part of its regular business planning and spending reductions.
The Association of Film Commissioners International and Stage 32 have launched a global workforce training initiative to address the growing shortage of film crew members, highlighting the importance of local support for projects.
Accenture has begun deploying Microsoft's Copilot 365 AI assistant to its entire global workforce of 743,000 employees. This large-scale adoption marks a significant boost for Microsoft's enterprise AI solutions.
Adrienne Drew has put forward the idea that it is time for the globalization of employment. This perspective suggests a shift towards a more interconnected global workforce.
Thunes has introduced a new service offering instant cross-border payouts designed to facilitate payments for workers worldwide.
Fintech company Revolut announced its intention to base 40% of its global workforce in India by 2026 as part of its expansion strategy.
FedEx's C-suite executives recently visited Silicon Valley for 'speed dating rounds' to accelerate the company's AI adoption and partner with Accenture for a global workforce training program.
ING plans to reduce its global workforce by approximately 1,250 operational roles this year as part of its digitalization and AI implementation strategy, the bank announced in a presentation.
Software company Atlassian is laying off 10% of its global workforce as part of a major restructuring, signaling a strategic shift to become an 'AI-first company'.
Morgan Stanley is implementing layoffs, reducing 3% of its worldwide workforce across core business lines including banking, trading, and wealth management.
Ocado, the technology and online grocery group, plans to reduce its global workforce by 1,000 jobs, with two-thirds of the cuts affecting its UK operations, as part of a cost-cutting initiative.
The Philippines anticipates 13 million jobs are at risk due to AI integration, while Cisco's president mandates AI proficiency for all developers, indicating a significant shift in the global workforce landscape.
Uber is laying off approximately 10 percent of its global workforce as part of a major corporate restructuring. The move coincides with the company's immediate suspension of ride-hailing services in Nigeria and Uganda following more than a decade of operations.
A series of new business guides have been released, offering entrepreneurs insights into executing crucial deals, navigating workforce growth in a global economy, and understanding patterns that can destroy family enterprises.
Digital assets brokerage firm FalconX has reduced its global workforce by 10% as it prepares for a prolonged downturn in cryptocurrency markets.
Israeli software company Monday.com is implementing a 20% global workforce reduction as part of a strategic move to enhance efficiency and pivot towards AI-driven operations.
Microsoft is set to cut thousands of jobs, impacting approximately 2% of its global workforce, with the Xbox division undergoing its most significant restructuring in history, including divestment of studios and a focus on core franchises.
British American Tobacco (BAT) announced a significant global workforce reduction, planning to cut 5,500 jobs, representing about 20% of its staff. This restructuring is partly attributed to the impact of artificial intelligence and aims to streamline operations.
Intuit has announced layoffs affecting 17% of its full-time global workforce, approximately 3,000 roles, as part of a plan to streamline operations and increase focus on key areas like AI.
Financial software company Intuit announced plans to cut approximately 17% of its global workforce. This move is part of an effort to streamline operations and comes alongside the company's FY2026 revenue outlook.
Meta is implementing a new round of significant layoffs, described as "mega-layoffs," which are affecting a substantial part of its global workforce. The company plans to cut approximately 10% of its employees, with the process unfolding throughout the week.
LinkedIn, owned by Microsoft, is reportedly planning to cut 5% of its global staff, joining a series of ongoing layoffs across the tech industry.
Ticketmaster has announced a significant round of layoffs, impacting 350 positions, which constitutes 8% of its global workforce. The job cuts reflect strategic or operational adjustments within the company.
Meta is preparing to lay off approximately 10% of its global workforce, impacting around 8,000 employees on May 20.
Snap Inc., the parent company of Snapchat, announced it is laying off approximately 1,000 employees, or 16% of its full-time staff. The company attributed the job cuts to a strategic shift towards AI efficiency and ongoing cost pressures.
Fintech company Revolut announced plans to base 40% of its global workforce in India by the end of 2026.
Fintech company Revolut announced its intention to base 40% of its global workforce in India by 2026, indicating a major expansion in the country.
Cryptocurrency exchange Crypto.com is laying off approximately 12% of its global workforce, with CEO Kris Marszalek stating the job cuts are due to roles that cannot adapt to the company's new strategy of integrating enterprise-wide AI.
An article provides an in-depth look at Chevron's global workforce, detailing the number of employees and offering insights into its operations.
Software company Atlassian is laying off 10% of its global workforce, approximately 1,600 jobs, with CEO Mike Cannon-Brookes attributing the cuts to the impact of the 'AI era' and a focus on AI and enterprise growth.
Ebay slashes 6% of workforce as e-commerce firm realigns operations Reuters
AI software company C3.ai has announced a 26% reduction in its global workforce as part of a restructuring effort under its new CEO.
WiseTech Global plans to reduce its global workforce by one-third over two years as part of a strategic pivot towards artificial intelligence.
Volkswagen CEO Oliver Blume announced that approximately half of the automaker's planned global job cuts will be implemented at its German facilities, including the main Wolfsburg plant.
Jeremy Allaire, CEO of Circle, has predicted that billions of AI agents will soon integrate into the global workforce, signaling a significant shift in employment and automation.
Visa announced it will cut 7% of its global workforce as part of an efficiency push, with the company citing the reshaping of work by artificial intelligence as a contributing factor.
Chinese pharmaceutical companies with global ambitions are struggling to recruit sufficient staff, as the rapid growth of the country's experimental medicine testing industry outpaces its ability to build a global workforce.
An article from The Daily Star discusses whether Bangladesh is prepared for upcoming changes and challenges in the global workforce and employment landscape.
Volkswagen is reportedly planning a massive global workforce reduction, with intentions to eliminate up to 100,000 jobs. This move is part of a sweeping cost-cutting initiative by the German automaker.
Meta Platforms (META) is reportedly preparing to reduce its global workforce by approximately 10% through upcoming layoffs.
Meta is continuing its global workforce reductions, with thousands of employees affected and hundreds of jobs under threat in Ireland. CEO Mark Zuckerberg has assured staff that he does not expect more company-wide layoffs this year, while also clarifying previous remarks about AI's role in replacing "lower-value human capital."
Meta is reportedly preparing for a major round of layoffs, with plans to cut approximately 10% of its global workforce, or about 8,000 employees, as concerns about AI's impact on jobs accelerate.
Proposed sharp wage hikes for H-1B visas in the US are anticipated to benefit India's Global Capability Centres (GCCs) as multinational corporations reassess their global workforce strategies, favoring cost-efficient, visa-agnostic environments.
GPI has announced a 3% reduction in its global workforce, a decision made after a comprehensive business review.
China is increasing its exports of robots and AI, leading global buyers to adopt automation for risky and repetitive jobs and prompting discussions about the future of work.
Action camera company GoPro is implementing a restructuring plan that includes a 23% reduction in its global workforce.
Nokia is reportedly planning significant job cuts, potentially reducing its global workforce by 20% and impacting over 14,000 roles, as part of a major restructuring following a decline in performance.
Workers across the globe are reportedly experiencing high levels of anxiety regarding their job security, indicating widespread unease in the labor market.
Cryptocurrency exchange Crypto.com has confirmed a 12% reduction in its global workforce, with CEO Kris Marszalek stating the layoffs are for roles that 'do not adapt in our new world' as the company integrates enterprise-wide AI.
Atlassian has laid off approximately 1,600 employees, about 10% of its global workforce, to invest more in AI and enterprise sales. The cuts primarily affected R&D roles. CEO Mike Cannon-Brookes highlighted the difficult decision, emphasizing the need for competitiveness. The company is offering generous severance packages, with redundancy and office exit costs estimated at over $236 million.
An article delves into the number of employees at tech giant Apple, providing a deeper look at its global workforce.
Ocado, the technology and online grocery group, plans to cut approximately 1,000 jobs, representing about 5% of its global workforce, with two-thirds of the reductions in the UK.
WiseTech Global, a logistics software company, plans to reduce its global workforce by a third over the next two years as it shifts its focus towards artificial intelligence.
WiseTech, an Australian technology company, is reducing its global workforce by a third, citing disruption caused by artificial intelligence as a primary reason for the cuts.