Insurance giant Allianz signals job cuts in AI shift
- 27-Nov-2025
German insurance giant Allianz signalled on Wednesday looming job cuts due to its adoption of artificial intelligence, with a report saying up to 1,800 roles, mainly in call centres, could be axed. Allianz Partners, the company’s subsidiary dealing principally with travel insurance, said it was “leveraging AI” to strengthen its position in the industry and […]
HP to cut about 6,000 jobs
- 26-Nov-2025
HP said on Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to streamline operations and adopt artificial intelligence to speed up product development, improve customer satisfaction and boost productivity. Shares of the Palo Alto, California-based company fell 5.5% in extended trading. HP’s teams focused […]
Verizon cutting more than 13,000 jobs as it restructures
- 21-Nov-2025
US wireless carrier Verizon on Thursday said it will cut more than 13,000 jobs in its largest single layoff as it works to shrink costs and restructure operations. Verizon also said it plans to convert 179 corporate-owned retail stores into franchised operations and close one store. The company said in a filing that it expects […]
Verizon to ‘cut’ about 15,000 jobs as new CEO restructures
- 14-Nov-2025
Verizon’s new CEO is planning to cut about 15,000 jobs in the US telecommunications company’s largest ever layoffs, a person familiar with the matter told Reuters on Thursday, outlining some of the executive’s first efforts to restructure in the face of rising competition. The wireless carrier faces mounting market pressure amid concerns over a shrinking […]
Microsoft to cut about 4% of jobs amid hefty AI bets
- 03-Jul-2025
Microsoft (MSFT.O), will lay off nearly 4% of its workforce, the company said on Wednesday, in the latest job cuts as the tech giant looks to rein in costs amid hefty investments in artificial intelligence infrastructure. The company, which had about 228,000 employees worldwide as of June 2024, had announced layoffs in May, affecting around […]
Nissan announces 9,000 job cuts
- 07-Nov-2024
Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle “a severe situation”. The company reported a 93 percent plunge in net profit in the first half as CEO Makoto Uchida told reporters that weak sales in the North American market […]
Vodafone boss says she will cut 11,000 jobs
- 16-May-2023
New Vodafone boss Margherita Della Valle said she would cut 11,000 jobs over three years to help the telecoms group regain its competitive edge after it warned that a poor performance in its biggest market Germany would hit cash flow. Shares in Vodafone, which has underperformed rivals in many of its major European markets, fell to […]
Facebook owner Meta carries out another round of job cuts
- 19-Apr-2023
Meta Platforms on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief Executive Mark Zuckerberg further moved to streamline the business in a bid to make 2023 a “year of efficiency.” Meta in March became the first Big Tech company to announce a second round of […]
Amazon CEO says job cuts to exceed 18,000 roles
- 05-Jan-2023
Amazon.com Inc’s (AMZN.O) layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company’s e-commerce and human-resources organizations, he said. The cuts amount to 6% […]
Royal Mail warns of thousands of job cuts
- 14-Oct-2022
Royal Mail could cut up to 10,000 jobs and the loss-making business warned of more layoffs if planned strikes go ahead, as the company that is locked in a dispute with its largest union flags even deeper losses this year, sending shares 10% lower. The Communication and Workers Union (CWU), representing 115,000 Royal Mail postal […]