All articles tagged with #workforce reduction
Originally Published 6 days ago — by Food Dive
Coca-Cola plans to lay off 75 employees at its headquarters in 2026 as part of a broader restructuring initiative aimed at adapting to changing consumer preferences and investing in growth areas like AI, with further layoffs expected in phases.
Originally Published 2 months ago — by Business Insider
Paramount Skydance offered severance packages to about 600 employees who chose not to return to the office, costing $185 million, as part of a broader restructuring that included layoffs and workforce reduction following the company's merger and strategic shifts.
Originally Published 2 months ago — by The Washington Post
Amazon and Walmart are reducing their workforce and slowing hiring, citing AI-driven efficiency and cost-cutting strategies, reflecting a broader shift in corporate America where layoffs are now framed as signs of innovation rather than economic trouble.
Originally Published 2 months ago — by Fortune
A Goldman Sachs survey indicates that only 11% of companies are currently linking layoffs to AI, but future projections suggest significant job cuts, especially in finance and tech, with potential reductions of up to 11% over three years, signaling a major impact of AI on the labor market ahead.
Originally Published 2 months ago — by businessinsider.com
Amazon has announced the layoff of 14,000 employees, with plans to cut up to 30,000 jobs, as part of its strategy to leverage AI for faster innovation and cost reduction, signaling a rapid shift towards large-scale AI-driven layoffs in corporate America, which could accelerate the disruption of white-collar jobs.
Originally Published 2 months ago — by Star Tribune
Target plans to cut 1,800 corporate positions to enhance operational agility and decision-making, amid ongoing sales challenges and industry shifts, with affected employees to be informed soon and offered support.
Originally Published 3 months ago — by NASA Jet Propulsion Laboratory (JPL) (.gov)
NASA's Jet Propulsion Laboratory (JPL) is undergoing a workforce reduction of about 550 staff members as part of a restructuring effort to ensure future success, focusing on core capabilities and fiscal discipline, amid a lapse in federal funding.
Originally Published 3 months ago — by CNBC
The IRS is furloughing nearly half of its workforce, about 34,000 employees, due to the ongoing government shutdown, which has halted most operations and led to previous mass layoffs, with furloughed workers set to receive back pay once the shutdown ends.
Originally Published 3 months ago — by GamesIndustry.biz
Avalanche Studios Group announced the closure of its Liverpool studio and plans to reduce staff at its Malmö and Stockholm locations due to industry challenges, impacting over 600 employees and following recent layoffs and unionization efforts.
Originally Published 3 months ago — by NASA Watch
JPL employees received a warning that up to 4,000 of the 5,500 staff could be laid off by October 15, 2025, amid a Phase Two reorganization, with mandatory return to office policies for teleworkers. Employees are also asked to update their personal contact information in Workday to stay connected during this period.
Originally Published 3 months ago — by Benzinga
Keith Rabois, returning as chairman of Opendoor, announced plans to drastically cut the company's workforce from 1,400 to around 200 employees, citing overstaffing and a need to realign with operational goals. He also criticized the company's remote work policies and diversity initiatives, vowing to shift focus back to merit and excellence. The company has recently seen a surge in stock price but faces internal restructuring amidst broader tech industry layoffs.
Originally Published 4 months ago — by Gizmodo
Opendoor's board chair Keith Rabois suggested the company could reduce its workforce by 85%, citing AI and technology as reasons, despite the company's recent 500% stock increase driven by retail investors and a new CEO appointment. Rabois criticized previous management's culture and diversity initiatives, indicating plans to overhaul the company's operations and culture.
Originally Published 4 months ago — by CNBC
ConocoPhillips plans to cut 20-25% of its workforce as part of a restructuring due to falling oil prices and rising costs, with most layoffs expected by year-end, leading to a decline in its share price.
Originally Published 4 months ago — by Barron's
ConocoPhillips plans to cut up to 25% of its workforce by the end of 2025 as part of efficiency measures, leading to a 4.4% drop in its stock price amid broader industry cost-cutting and OPEC+ production considerations.
Originally Published 4 months ago — by Federal News Network
A federal appeals court has allowed the Trump administration to proceed with plans to drastically reduce the Consumer Financial Protection Bureau's workforce by 80%, amid ongoing legal challenges and concerns about the agency's ability to fulfill its mandated functions.