Fri, Sep 13, 2024
Samsung Electronics, the world's largest maker of smartphones, TVs, and memory chips, is planning to cut up to 30 percent of its overseas staff in certain divisions, according to . The company has instructed its subsidiaries worldwide to reduce sales and marketing staff by about 15 percent and administrative staff by up to 30 percent, with the plan expected to be executed by the end of the year. The job cuts will impact positions across the Americas, Europe, Asia, and Africa. However, it is not clear how many employees will be affected and which countries and business units will be most impacted.
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Tue, Jul 11, 2023
Earlier in January 2023, Microsoft laid off around 5 per cent of its global employees.
Wed, Jun 28, 2023
Amidst a gloomy job scenario, news recently emerged that UBS Group was planning to layoff thousands of Credit Suisse Group’s employees starting next month.
Tue, Apr 25, 2023
The move comes as consumers are cutting back on discretionary spending as a series of interest rate hikes over the past year to bring down stubbornly high inflation have stoked fears of an economic downturn.
Sat, Apr 22, 2023
The fresh Lyft layoffs will happen on April 27. The company laid off 13 per cent of its staff in November last year.
Thu, Apr 20, 2023
Layoffs at Koo: It's important for businesses of all sizes to adopt efficient and conservative approaches to see this period through. In line with this, we have acted on some role redundancies by letting go of 30% of our workforce over the course of the year, the company said in a statement
Thu, Mar 16, 2023
About 140 employees across all teams, including engineering and design, have been affected, TechCrunch said, citing sources.
Thu, Feb 23, 2023
While the companies like Google, Meta, Amazon, Twitter have invited severe criticism for mass lay-offs, most of these companies have passed this off as cost-cutting measure.
Mon, Feb 06, 2023
Layoffs 2023: From Microsoft to Amazon and Goldman Sachs, companies have cut thousands of jobs recently. And the latest in this long list is Dell, which has announced reduction of 6,650 jobs, or about 5 per cent of its global workforce.
Sat, Jan 21, 2023
Earlier this week, Microsoft announced 10,000 job cuts, or nearly 5 per cent of its workforce.
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