job cuts (100340)

Grab, the prominent ride-hailing and food delivery app, is taking a significant step by cutting 1,000 jobs, which amounts to approximately 11 per cent of its workforce, as reported by the BBC. The decision, according to CEO Anthony Tan, is…

US burger chain McDonald’s is temporarily closing off its offices earlier this week in the US and preparing to lay off its employees, the Wall Street Journal (WSJ) newspaper has reported.The move is part of a broader company restructuring…

The Dutch online marketplace OLX is cutting off 15 per cent of its global workforce, or around 1,500 workers, and is the latest company to do so in recent days.“OLX is reducing its global workforce by 15% which affects staff across all…

US automaker Ford plans to eliminate 3,200 jobs in Germany and expressed its concern for the future of the company's facilities in the continent's largest economy. The announcement coincided with concerns in the EU that companies would…

Joining the layoffs spree, US tech giant Microsoft Corp on Wednesday announced that it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. The layoffs will result in a charge of $1.2 billion in the second quarter of fiscal…

Microsoft is getting ready to slash more jobs from its worldwide workforce as software companies continue to reduce staff numbers to weather the current economic crisis. According to Bloomberg News, the legendary name in the computer…

Cloud computing firm Salesforce announced on Wednesday that it was closing numerous offices and laying off roughly 8,000 workers, or nearly 10 per cent of its workforce. As the global economy enters a slump, Salesforce will now join fellow…