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Related Special Reports
...BuzzFeed last year closed its news division and announced it was cutting its workforce by 15 per cent as part of an effort to slash costs....
...Tesla is cutting more than 10 per cent of its workforce — at least 14,000 jobs — as a worldwide EV slowdown and brutal price war hit the American automaker....
...On the High Street in Hungerford, a historic market town about an hour west of Reading, is Nigel Montgomery’s stamp and coin shop....
...To reduce costs, it will lay off 10 per cent of its workforce. Listen to what Musk says, however, and it sounds as if Tesla’s main concern is its expensive autonomous driving project....
...Tesla is cutting 10 per cent of its global workforce. Mercedes-Benz has pushed back its electrification target. For Europe’s laggard carmakers, if not the planet, slowing EV growth isn’t all bad news....
...Tech companies have axed 34,000 jobs this year as they rejig their workforces to invest in new areas such as generative artificial intelligence to power their next phase of growth....
...of its incorporation to Texas from Delaware and revealing plans to cut more than 10 per cent of its workforce — at least 14,000 jobs....
...That such a large share of the workforce might be working for “a bunch of troubled portfolio companies” is . . . sobering? Then there are the banks....
...Chris Marinac of Janney Montgomery Scott argues that the bank’s problems are “solvable”, though it will take time....
...Ford and General Motors have paused plans to expand their EV manufacturing capacity in recent months, and last week Rivian announced that it would cut 10 per cent of its workforce and keep deliveries flat...
...In January, the company announced it was sacking 12 per cent of its workforce, after cutting a quarter of jobs in an earlier lay-off round....
...It also announced a 10 per cent cut to its salaried workforce....
...Yet the messaging company, which has also yet to announce a full year of profit, still trades below its IPO price. On Monday, it announced plans to lay off a 10th of its workforce....
...Citigroup said it expected to cut at least 20,000 jobs, about 10 per cent of its workforce, as the struggling US bank reported its worst quarter in 14 years....
...Some combination of new generations in the workforce and a pandemic-charged rise in remote working has resulted in a more casual tone. Suits, ties and other markers of formality are less popular....
...Samii was part of a growing global workforce who labour in the service of algorithms. There are now more than a billion workers in their ranks in one form or another....
...Being seen to “fold” in Sweden could embolden its workforces elsewhere....
...“By the end of 2024, we expect to have a larger workforce as we continue adding people and building capabilities to support key areas of growth,” they wrote....
...Combined, this would represent a 29 per cent decrease in the company’s global workforce. The move is expected to generate $100mn in annual cost savings....
...Google laid off 12,000 employees at the start of last year, about 6 per cent of Alphabet’s workforce....
...At the start of the year, chief executive Sid Sijbrandij blamed a tough macroeconomic environment for forcing the company’s hand in laying off more than 130 people — equal to 7 per cent of its workforce....
...It said it had grown its workforce since the pandemic, adding about 15,000 staff to reach 156,000 by the end of 2022, driven by significant hiring in engineering and manufacturing....
...And crucially, a bungled job termination can also have a strong impact on the morale of the remaining workforce — particularly those who are asked to step up their own productivity after others lose their...
...Companies in the middle quintile for gender balance reported an average annual return on assets of 7.7 per cent, compared with 5.6 per cent for those with the highest share of men in their workforce and...
...Such software is part of the new and growing sector of “collaborative work management”, where providers include Asana and Monday.com....
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