McKinsey & Company is thinking about laying off thousands of employees in response to the quick development of artificial intelligence. According to reports, senior executives at the company have discussed plans to cut staff in several non-client-facing divisions by roughly 10%. This might result in several thousand layoffs over the
In the upcoming weeks, Amazon plans to lay off 370 employees at its European headquarters in Luxembourg. At this workplace, this will be the largest round of job reductions ever. Approximately 8.5% of the 4,370 employees are impacted by the cuts. The layoffs follow Amazon's announcement
In an effort to soothe worries about possible job losses at its manufacturing operations, Skoda Auto Volkswagen India has implemented an early-retirement option at its facilities in Pune and Chhatrapati Sambhaji Nagar, which it anticipates will result in just a limited number of employees leaving. Despite employing almost 5,000
In a comprehensive cost-cutting plan, Pfizer intends to eliminate more than 200 positions in Switzerland, according to a report by Bloomberg News on 11 December that cited people with knowledge of the situation. By the end of 2025, the pharmaceutical company plans to reduce its personnel in Switzerland from about
The Maharashtra government informed the state legislative council on 9 December that Tata Consultancy Services had let go 376 workers from its Pune campuses during the first two quarters of the current fiscal year. Following enquiries from lawmakers who referenced news reports indicating widespread layoffs at the IT services company,
On December 8, PepsiCo announced a number of operational adjustments, including a review of its supply chain and a reduction in the total number of goods it offers. These changes were supported by activist investor Elliott Investment Management. According to an internal memo, the corporation is also considering layoffs in
In an interview with The Verge, IBM CEO Arvind Krishna stated that artificial intelligence is not the primary reason for the current wave of layoffs in the tech sector. Rather, he attributed the latest job losses to a "natural correction" and blamed the pandemic's overhiring. According
In an effort to offset losses brought on by US tariffs imposed by President Donald Trump, Canadian steel manufacturer Algoma Steel Group plans to close its blast furnace in northern Ontario and lay off 1,000 employees, or roughly 40% of its workforce. According to a Bloomberg article, the Sault
Following the $13.5 billion acquisition of Interpublic Group (IPG), the multinational marketing and communications powerhouse Omnicom Group is expected to lay off around 4,000 employees and shut down a number of agency brands, according to a Financial Times report citing business executives on December 1, 2025. The research
In an effort to streamline operations in the face of China's economic slowdown, the British multinational Swire Group plans to lay off around 10% of its staff at its Hong Kong office, according to a report by news agency Bloomberg on 26 November 2025, which cited persons with
One of HP's largest reorganisation initiatives in recent memory is about to begin. As part of a comprehensive cost-cutting initiative designed to make the company leaner and more competitive in the era of artificial intelligence, the computer and printer giant revealed intentions to eliminate between 4,000 and
As part of a significant restructure of its sales division, Apple Inc. stated that it had eliminated dozens of positions. According to Bloomberg, the corporation is changing the way it works with government, commercial, and educational clients, which will result in the elimination of a number of positions within its
Following a sudden wave of layoffs, nearly 200 Petrofac employees in the United Arab Emirates said they were unaware of their end-of-service benefits, leaving many fearing for their future and fearing years of service would go unfunded. Some estimate that the entire amount of unpaid gratuity could surpass Dh27 million,
The IT sector is still feeling the effects of Amazon's largest layoffs in its history. The people who seem to be suffering the most are engineers. Nearly 40% of the 4,700 verified job layoffs in places including New York, California, New Jersey, and Washington involve engineering positions,
The Tata Consultancy Services (TCS), India's leading IT company, has been issued a notice by the Labour Commissioner’s Office in Pune following several months of employee layoffs as the company prepares to reduce its workforce by 2%. Following several complaints from the Nascent Information Technology Employees Senate
According to a report published by Reuters, Verizon's new CEO plans to lay off roughly 15,000 employees in the greatest layoffs the U.S. telecom giant has ever experienced. This is part of the executive's initial attempts to reorganise the company in response to increased
After combining his production company, Skydance Media, with Paramount in August in an $8-billion deal that removed the Redstone family from the entertainment industry, David Ellison, the chairman and CEO of Paramount, spoke directly to Wall Street for the first time on the conference call with analysts on November 10.
As part of an administrative restructuring across many teams and tasks, real-money gambling startup Gameskraft laid off almost 400 people, up from about 120 previously, the company told Moneycontrol. These layoffs occur as the Bengaluru-based business struggles to deal with the effects of the government's recent online gaming
According to data from Layoffs.fyi, the IT industry's major layoff wave has gotten worse in 2025, with over 1,000,000 workers losing their employment at 218 organisations so far. After years of overexpansion during the pandemic, tech firms from Bengaluru to Silicon Valley are reducing workers
According to various media reports, Amazon plans to lay off up to 30,000 corporate employees starting on October 28 in order to reduce costs and make up for hiring too many staff during the pandemic's peak demand. The number is close to 10% of Amazon's
Tech giants and startups are filling the void left by Meta's announcement that it will lay off 600 workers from its AI business. Among them is Sudarshan Kamath, an Indian entrepreneur and the creator of Smallest AI. The US-based businessman said on X that his organisation will appoint
In an attempt to expedite decision-making and speed efforts to restore the declining discount retailer's client base, Target said on October 23 that it is laying off roughly 1,800 corporate personnel. According to a corporate representative, the company intends to eliminate roughly 800 open positions and is
A spokeswoman confirmed to CNBC on 22 October that Meta will lay off some 600 workers in its artificial intelligence division as part of its efforts to streamline operations and cut layers. Alexandr Wang, the company's chief AI officer, who was brought on board in June as part
One of the biggest employers in the US, Amazon, is getting ready for a significant change in the way it manages its warehouses. Roughly over the next ten years, the firm plans to replace roughly half a million jobs with robots, according to internal documents and interviews that The New