Nokia to cut up to 10,000 jobs worldwide

Nokia to cut up to 10,000 jobs worldwide

By Anna Domanska - Mar 16, 2021

Nokia Corporation, one of the world’s largest mobile phones manufacturer, has announced that it has decided to axe over 7,000 jobs in an effort to cut costs and save over 1 billi

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BP To Make Global Job Cuts Mandatory : BP Layoffs 2020

BP To Make Global Job Cuts Mandatory : BP Layoffs 2020

By Christy Gren - Oct 19, 2020

Only a quarter of BP’s planned 10,000 job cuts is going to be voluntary. According to an internal memo, BP plans to make 7,500 mandatory redundancies this year.

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Equinor of Norway announces 30% job cuts across its facilities

Equinor of Norway announces 30% job cuts across its facilities

By Christy Gren - Oct 02, 2020

Equinox’s planned job cuts will affect hundreds globally. Equinor employees numbered 21,000 at the end of 2019, and said it will offer severance packages in some locations, while

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28,000 Disney Theme Parks Workers get the cut

28,000 Disney Theme Parks Workers get the cut

By Christy Gren - Oct 01, 2020

The coronavirus effect now extends to 28,000 furloughed employees of Disney as they are permanently laid off.

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Shell announces 9000 job cuts as business dips

Shell announces 9000 job cuts as business dips

By Christy Gren - Oct 01, 2020

The layoffs will be done in a phased manner in the coming two years and will include about 1,500 people agreeing to retire voluntarily.

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Another $1.6 trillion stimulus package offered to boost the economy

Another $1.6 trillion stimulus package offered to boost the economy

By Christy Gren - Oct 01, 2020

There have been a slew of job cut announcements from many companies after the ending of all concessions from the first stimulus package and no new proposal coming out soon. The US

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Saudi Aramco Cuts 100s of Jobs to Cut Expenditure

Saudi Aramco Cuts 100s of Jobs to Cut Expenditure

By Anna Domanska - Jun 19, 2020

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 industry due to Covid-19 and the fall

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T-Mobile and Sprint Merger Results in Job Cuts and Store Closures

T-Mobile and Sprint Merger Results in Job Cuts and Store Closures

By Anna Domanska - Jun 18, 2020

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. The layoffs were announced Tuesday

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HSBC to shed 35,000 jobs as bank revives redundancy plan

HSBC to shed 35,000 jobs as bank revives redundancy plan

By Anna Domanska - Jun 17, 2020

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 Noel Quinn said in a memo to staff Wedne

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