As the Information Technology industry struggles with its challenges, major tech giants have been on a layoff spree in March this year. The downsizing of the company size is mostly being attributed to “cost-cutting” . Big names in the tech industry such as Apple, Dell, and Ericsson have trimmed their workforce citing different reasons. While…
As of December 31, 2023, Expedia had 17,100 employees in more than 50 countries Online travel platform Expedia said on Monday it was cutting about 1,500 jobs as part of its latest restructuring. As of Dec. 31, 2023, the company had 17,100 employees in more than 50 countries. Total pre-tax charges and cash expenditures associated…
FRANKFURT:The Bosch group said Friday it planned to axe 3,500 jobs at its BSH home appliances subsidiary by 2027, the latest in a series of job cuts among German manufacturers as they struggle with rising costs and weaker demand.The company had to “reduce complexity and costs” in order to “safeguard its competitiveness” in a challenging…
There have been increasing job cuts since 2023 which have continued into 2024. In 2023, over 240,000 jobs were lost, which was a 50% increase from the previous year. Despite some earlier slowdowns in tech layoffs, it seems that cuts are starting up again. Tech companies are now focusing more on efficiency rather than growth,…
In what can be called a deja vu moment, the year started with thousands being laid off by tech giants, including Google, Amazon and others. Reminiscent of last year’s downsizing trend, the tech industry is grappling with a fresh wave of layoffs in 2024 as the companies adjust to a changing business landscape post the…
