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job cuts

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Saudi Aramco, the world’s largest company by revenue, will be cutting hundreds of jobs across its divisions to meet the slump facing the oil …

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The newly minted T-Mobile company formed after a merger with Sprint has laid off hundreds of Sprint employees in a bid to streamline operations. …

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HSBC revives redundancy plan it put on hold after the coronavirus outbreak, and will axe 35,000 jobs over the medium term. The bank’s CEO …

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The Coronavirus pandemic’s tentacles have managed to strangulate almost every industry across the world. Some have suffered more than others, especially those profited from …

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Boeing Co. is expected to announce job cuts in the United States this week after disclosing last month it planned to axe 10% of …

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Giant aero-engine maker, Rolls Royce is making efforts to increase its profits by scrapping its middle-management positions; a move that will bring more than …

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Volkswagen recently announced its decision to cut down on 30,000 jobs from its overall manual resources. The action on this decision will be taken …

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Cisco Systems is laying off about 14,000 employees, almost one-fifth of its global workforce. The San Jose, California-based company is expected to announce the …

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The U.S. Postal Service is nearing planned cuts to shut more than 260 mail processing centers nationwide as part of a billion-dollar cost-cutting effort that will slow delivery of first-class mail. The move comes as the U.S. Postal Service lacks financial relief in sight.

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The consumer product maker giant, Procter & Gamble, has developed a strategy to save $10 billion. The strategy involves cutting 5700 jobs, accounting to a remarkable 10 percent of the company’s non-manufacturing workforce of the total number of employees associated with P&G.

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American Airlines had filed for bankruptcy last November and is now ready to lay off nearly 13,000 employees or 16 percent of its work force. American Airlines plans to cease its pension plans. It also wants to cut back health benefits for current employees and retirees. Over all, American Airlines is looking to cut employee costs by 20 percent.

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Nokia Siemens Networks, the world’s second-largest maker of mobile phone network equipment, announced earlier this week that it is cutting nearly 25 percent of its workforce in an effort to save $1 billion dollars in the next 12 months. Nokia Siemens was formed by Finnish group, Nokia, and German congolmerate Siemens back in 2007.

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