All articles tagged with #corporate jobs
Amazon is laying off about 14,000 corporate workers to reduce bureaucracy and reallocate resources towards AI investments, amid slowing growth in its AI sector and recent financial pressures, including a major cloud outage and increased competition.
Amazon plans to cut up to 30,000 corporate jobs, roughly 10% of its corporate workforce, in its largest-ever layoff round, as part of restructuring efforts following over-hiring during the COVID pandemic.
Target is cutting 1,800 corporate jobs, about 8% of its headquarters staff, as part of a strategy to simplify operations and boost growth amid sales slumps and leadership changes, with affected employees receiving pay and benefits until January 3.
Delta Air Lines is implementing layoffs of some corporate jobs as part of cost-cutting measures to manage higher fuel and labor expenses. The airline did not disclose the exact number of job cuts, but stated that frontline workers like pilots and flight attendants are not affected. Delta's decision comes after it canceled flights between Tel Aviv and New York due to escalating tensions in the Middle East and trimmed its full-year profit outlook due to rising fuel costs.
Walmart is dropping the college degree requirement for certain corporate jobs at its headquarters in Bentonville, Arkansas, as part of an initiative to invest in skills-based systems and attract more workers. The company has a history of promoting from within, with 75% of salaried managers at U.S. stores and supply chain facilities starting in hourly roles. Walmart is now expanding this approach by rewriting job descriptions to consider skills alongside degrees, offering an either/or option for applicants. While degrees may still be required in some cases, Walmart recognizes that there are many roles where a degree is unnecessary, including at corporate headquarters.
Walgreens Boots Alliance is cutting 504 corporate jobs, which account for 10% of its corporate workforce, as part of its efforts to streamline operations and become a consumer-centric healthcare company. The layoffs will not affect store, microfulfillment center, or call center employees. The pharmacy chain owner has recently made moves in the healthcare sector, including contributing $3.5 billion toward VillageMD's purchase of Summit Health-CityMD and finishing its purchase of Shield Health Solutions. Walgreens Boots Alliance reported $34.86 billion in sales and $700 million in net earnings for the second quarter.
The Gap is cutting 1,800 corporate jobs, three times the number of headquarters jobs it cut last fall, as the struggling chain cuts costs in a bid to become more nimble. The layoffs will lead to $300 million in annualized savings, and should be completed by the end of July. The San Francisco-based chain, which also owns Banana Republic, Old Navy and Athleta, has been struggling with a sales slump for years despite numerous initiatives to fix the business through a revolving list of executives.
Gap Inc. is cutting 1,800 jobs as part of a restructuring plan aimed at making the company more agile and less bureaucratic. The job cuts are expected to result in $300 million in annualized savings, with most of the positions being eliminated at its San Francisco and New York headquarters, as well as some senior field roles.
Tyson Foods will cut about 10% of corporate jobs and 15% of senior leadership roles as part of its cost-cutting measures due to declining profit and struggles to improve results in its chicken business. The eliminated roles in senior leadership are mostly vice presidents and senior vice presidents. Tyson's adjusted earnings of 85 cents per share in the quarter ended Dec. 31 were down 70% from a year earlier.
Tyson Foods, the biggest US meat company by sales, will cut about 10% of corporate jobs and 15% of senior leadership roles as part of its latest cost-cutting move due to declining profits and struggles to improve results in its chicken business. The eliminated roles in senior leadership are mostly vice presidents and senior vice presidents. Tyson had about 6,000 US employees working in corporate offices as of Oct. 1 and 118,000 workers at non-corporate sites such as meat plants and warehouses.
Amazon has started laying off employees in its cloud services division, AWS, due to slowing sales growth. The layoffs will affect personnel in the US, Canada, and Costa Rica. Overall, Amazon is cutting 27,000 mostly corporate positions after a hiring spree during the pandemic left the company with too many people. AWS generates most of the company’s profits, but corporate customers are looking to trim expenses. Amazon has instituted a hiring freeze for jobs outside its warehouses and delivery operations.
Gap Inc. is set to eliminate hundreds of corporate jobs globally as part of a restructuring aimed at making the company more agile and less bureaucratic. The current round of cuts is expected to be larger than the roughly 500 corporate positions eliminated in September 2023, mostly at its main offices in San Francisco and New York, and part of efforts to save about $250 million annually.
Gap is reportedly planning to cut hundreds of corporate jobs as part of its ongoing restructuring plan to streamline the business. The layoffs are expected to be larger than the 500 corporate positions eliminated in September 2022. The news caused Gap's stock to fall.
Amazon-owned grocery chain Whole Foods is set to cut hundreds of corporate jobs in the coming weeks, as part of a restructuring effort aimed at reducing costs and streamlining operations. The layoffs will primarily affect employees at the company's headquarters in Austin, Texas, and are expected to be completed in the next few weeks.
Whole Foods is laying off hundreds of corporate workers as part of a reorganization effort to "further simplify" its operations and better support its stores. The layoffs will impact less than 1% of the company's total workforce, but it will equate to over 100,000 roles. The company is not planning to close any stores or facilities as a result of the layoffs. The news comes amid a time when its parent company, Amazon, has been cutting costs, including cutting 27,000 jobs across its own organization.