The Walt Disney Company will begin a second wave of layoffs this Monday, April 24. With this, it seeks to eliminate up to 7,000 jobs to help save US$5.5 billion in costsreported Reuters according to sources familiar with the process. The company is expected to cut “several thousand” jobs in layoffs that will begin Monday, […]
Tag: mass layoffs
Mass layoffs continue: Twitter separates 200 more employees
This new batch of layoffs includes product managers, big data experts and engineers working on machine learning and platform reliability, according to The New York Times. Twitter laid off at least 200 more employees, 10% of its workforce, according to The New York Times, at a time when job cuts continue in the US technology […]
Ericsson will cut 1,400 jobs, about 10% of its payroll in Sweden
The Swedish company presented profits of 1,711 million euros in 2022, 17% less than the previous year. Swedish multinational telecommunications ericsson announced, this Monday, February 20, that it will cut around 1,400 jobs in Sweden, about 10% of its payroll in this country, as part of a cost-saving plan launched last fall. The measure will […]
Ford will cut 3,800 jobs in Europe in the next three years
American automobile manufacturer Ford announced Tuesday that it will cut 3,800 jobs over the next three years in Europeciting the need to increase competitiveness and focus on its future electric models. The company said 1,700 product development positions and 600 administrative functions will be cut in Germany. In the UK, 1,000 development division jobs and […]
Zoom will cut some 1,300 jobs after falling demand for its services
The company has also chosen to reduce the base salary of its senior executives by 20%. Zoom Video Communications announced this Tuesday, February 7, that it will cut 15% of its workforce, about 1,300 jobs. In addition, it will reduce the base salary of its high-ranking executives due to a slowdown in demand for its […]
How to calculate my compensation if I was fired in the United States
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In the last weeks of January 2023, technology companies such as Alphabet -the parent company of Google-, Microsoft and Vox Media have announced the massive layoff of 22,000 workers. These measures add to the job cuts earlier in the month at Amazon, Goldman Sachs and Salesforce and threaten to spread to other sectors, so the […]