latest layoff news

Walt Disney Co. plans another big round of job cuts next week, eliminating thousands of positions, including about 15% of the staff in its entertainment division, people familiar with the matter said. The entertainment division…

McKinsey & Co. plans to eliminate about 2,000 jobs, one of the consulting giant’s biggest rounds of cuts ever.The firm known for devising staff-reduction plans for its clients is taking the ax to some of its own, with the move expected…

News Corp said on Thursday that it would cut 5% of its workforce, or 1,250 jobs, after the media conglomerate fell short of quarterly Wall Street estimates for profit and revenue, hurt by declines across its businesses including news.The…

Reuters | | Posted by Ritu Maria Johny SoftBank Group Corp's chip technology firm Arm Ltd's China joint venture laid off 90-95 employees last week to cope with a challenging business outlook this year, according to three sources…

Microsoft Corp., implementing the layoff of 10,000 workers announced last month, on Thursday cut jobs in units including Surface devices, HoloLens mixed reality hardware and Xbox, according to people familiar with the matter.Cuts to much…