layoff news

ESPN began informing employees of layoffs Monday, which are job cuts that are taking place throughout its corporate owner, the Walt Disney Company. ESPN President Jimmy Pitaro said in a company memo sent to employees that those…

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…

In 2023, nearly 570 tech companies sacked over 160,000 workers, as per Layoffs.fyi. Although the layoffs announced by the tech giants of Silicon Valley have affected people around the world, some companies in Europe are facing…

Before the merger, UBS and Credit Suisse had employed slightly more than 72,000 and 50,000 people, respectively. Up to 11,000 jobs could be cut in Switzerland alone, according to the weekly, which did not provide details of which posts…

A day after Unacademy reportedly sacked 380 employees, co-founder and CEO Gaurav Munjal announced that the top leadership will take a ‘permanent’ pay cut of up to 25 per cent. According to a report by Business Today, Munjal communicated…

Accenture Plc, the Irish-American IT company has announced to slash its working force by 19,000. This comes amid a worsening global economic outlook and the firing spree across the IT sector. The company is also expecting a considerable dip…

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…

Jeremy Doig, chief technology officer of Walt Disney Co.’s streaming services, has left the company, according to an internal note seen by Bloomberg, the latest high-profile departure as chief executive officer Bob Iger restructures the…

Edited By: Namit Singh SengarLast Updated: February 09, 2023, 10:50 ISTJamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida,…

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…