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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Walt Disney to lay off 32,000 in the first half of 2021

Walt Disney to lay off 32,000 in the first half of 2021

By Christy Gren - Nov 26, 2020

Get the latest updates and insights on the global economic impact of COVID-19 outbreak by subscribing to the nation’s fastest-growing business magazine, Industry Leaders.

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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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Microsoft to shed more staff at MSN as it turns to AI

Microsoft to shed more staff at MSN as it turns to AI

By Christy Gren - Jul 15, 2020

Microsoft is laying off its MSN team amid a controversial shift to artificial intelligence for editorial choices. AI will now curate and edit news that is presented on the MSN webs

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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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Pandemic Forces Large Workforce into Furlough

Pandemic Forces Large Workforce into Furlough

By Anna Domanska - Apr 10, 2020

Whether you want to stay up-to-date on the latest business news, read in-depth CEO interviews, or find new ideas on leadership, management and innovation, Industry Leaders Magazine

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