As the bank seeks to further reduce costs and capitalise on efficiencies brought about by artificial intelligence (AI), Goldman Sachs has reportedly told its employees to anticipate another round of layoffs before the year finishes. According to an internal memo distributed to staff, the New York-based company intends to "
Amazon is preparing for a significant wave of layoffs once more. According to reports, the firm is planning to lay off up to 15% of the employees in its human resources department, which is internally referred to as the People eXperience and Technology (PXT) team. The HR department will be
NASA's Jet Propulsion Laboratory (JPL) announced on 12 October that it will reorganise its personnel by laying off around 550 workers, or 10% of its total workforce, in an effort to maintain the facility's long-term competitiveness. JPL director Dave Gallagher emphasised in a statement that the
Following the release of the company's second-quarter results, Chief Human Resources Officer Sudeep Kunnumal stated that Tata Consultancy Services (TCS) would increase variable compensation for senior personnel while maintaining its 100% quarterly incentives for younger people, according to the Press Trust of India. In addition to yearly pay
The Danish pharmaceutical company intends to reduce 11% of its workforce, or 9,000 positions, in order to save 8 billion Danish krone ($1.25 billion) a year. Indian workers in Bengaluru have been laid off less than a month after Ozempic manufacturer Novo Nordisk declared it was reducing its
As the Spanish telecom juggernaut prepares for a comprehensive strategy overhaul in November, Telefónica is thinking of laying off up to 7,000 employees. Although the business has not yet finalised the details, a Reuters official and internal sources both say that staff reductions are being considered. On November 4,
The White House has issued a warning that if US President Donald Trump determines that talks with congressional Democrats to resolve a partial government shutdown have come to a standstill, mass layoffs of federal employees may start. White House National Economic Council Director Kevin Hassett told CNN's State
According to reports, the French automaker Renault intends to implement a voluntary redundancy scheme, which allows workers to opt out of the firm in exchange for a financial settlement rather than being fired outright, to lay off 3,000 workers globally, mostly in support positions. According to the French newsletter
According to a CNBC story, Google has let go of over 100 workers in design-related positions. Employees in the cloud division's "platform and service experience" and "quantitative user experience research" teams, as well as a few other departments, were impacted by the layoffs that
As the Indian IT giant reduces people in response to changing customer demands and increasing automation, IT juggernaut Tata Consultancy Services (TCS) is providing severance compensation of up to two years' salary to long-serving employees whose skills no longer match corporate needs. In an effort to become more flexible
In an effort to decrease expenses and adjust to new technology, the German airline firm Lufthansa has stated that it will lay off 4,000 employees by 2030, the majority of whom will be in Germany, according to news agency AFP. Rather than operational professions like pilots, cabin crew, or
In just three months, Accenture has secretly reduced its workforce by almost 11,000 workers, and the axe may not be hanging down anytime soon. The mammoth consulting firm is currently undergoing a comprehensive transformation aimed at equipping it for a future in which artificial intelligence—rather than human consultants—
One of the biggest layoffs in Germany's automotive industry, Bosch plans to eliminate 13,000 positions as the sector struggles with low demand, overcapacity, and growing competition from China. The largest auto supplier in the world announced on 25 September that all of the layoffs would be made
Starbucks announced on 25 September that it is cutting off 900 non-retail workers and closing hundreds of outlets across the United States, Canada, and Europe in order to concentrate more of its resources on a turnaround. The massive coffee chain from Seattle said that store closures will begin right away.
As it prepares for significantly slower growth in fiscal 2026, Accenture is laying off employees, selling off assets, and restructuring some aspects of its company. This highlights the growing burden on the global IT industry despite ongoing investments in cloud and artificial intelligence. CEO Julie Sweet stated on the company&
About 60 partners and 1,500 employees were laid off by PwC's Middle East division as the Big Four accounting firm's expansion in the region is being severely slowed by a dispute with Saudi Arabia's sovereign wealth fund. According to various media reports, the
With an ultimatum to staff members, Microsoft is formally ending its period of flexible remote work: work from the office at least three days a week or risk having their career options restricted. With effect starting in February 2026, the Redmond giant's new policy marks a significant departure
In an effort to streamline its operations, online travel agency Agoda announced on September 17 that it has cut off its customer service representatives in China, Singapore, and Hungary. According to a representative for Agoda, the firm has been phasing out customer service positions in its Shanghai, Singapore, and Budapest
On September 15, Ford Motor Company declared that it would lay off up to 1,000 workers at its Cologne, Germany, electric vehicle production. According to the firm, the decision was made because battery-powered car sales are falling short of projections. According to an AP story, the automaker clarified that
Recently, Elon Musk's xAI caused a stir by reorganising its team in a big way, which is changing how it develops AI. About 500 workers were let go by the corporation on the evening of September 12, 2025, from the data annotation team, which was its largest division.
The parent company of online gaming platform A23, Head Digital Works, is cutting off over 500 workers, following in the footsteps of MPL, PokerBaazi, and Games24x7. According to Storyboard18, the company is keeping about 200 workers while laying off roughly two-thirds of its workforce. This declaration was delivered by Head
As AI replaces customer service positions, Salesforce CEO Marc Benioff eliminates 4,000 jobs. Salesforce CEO Marc Benioff recently revealed that 4,000 customer service representatives would be let go, bringing the total number of support people down from 9,000 to about 5,000, an almost 45% reduction. Why
The Mobile Premier League (MPL), one of the largest gaming businesses in India, has announced significant employment layoffs as a result of the country's decision to ban paid online games. MPL to Lay Off 60% Staff as India Bans Paid Online Games Reuters reports that the Bengaluru-based startup
According to a US state filing last week, medical robot maker Intuitive Surgical may fire up to 331 employees from its Sunnyvale headquarters facility. By the end of October, the Santa Clara-based corporation will be laying off employees at 1050 Kifer Road, which is adjacent to its main headquarters facility