GM lays off 1,000 employees amid reorganization, cost cutting

GM lays off 1,000 employees amid reorganization, cost-cutting

The layoffs, which were announced Friday morning via email to those impacted, were across the business.

Business - CNBC - 4 hours ago

GM lays off 1,000 employees amid reorganization and cost-cutting

General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the ...

AMD to lay off 4% of workforce, or about 1,000 employees

At the end of last year, AMD had 26,000 employees, according to a U.S. Securities and Exchange Commission filing.

Business - CNBC - 2 days ago

GM Cuts 1,000 More Jobs as EV Push Continues

General Motors has cut 1,000 jobs, according to a person familiar with the reductions, marking the latest effort by the automaker to trim costs as it ramps up sales in unprofitable electric vehicles.

Business - The Wall Street Journal - 4 hours ago

Alitalia will lay off over 2,000 remaining employees as liquidation nears

World - Yahoo News - 5 days ago

Alitalia will lay off over 2,000 remaining employees as liquidation nears

Italy’s former national carrier Alitalia has started procedures for the collective dismissal of its remaining 2,059 employees

World - ABC News - 5 days ago

AMD will lay off nearly 1,000, or 4% of staff, as AI competition heats up

AMD said today it will lay off 4% of its global staff, or perhaps somewhat less than 1,000 of its estimated 26,000-person workforce.

Tech - VentureBeat - 2 days ago

Volkswagen to close three German factories and lay off thousands of workers, employees say

Volkswagen, Europe’s largest car manufacturer, is planning to permanently shrink the size of its German operations.

Business - MarketWatch - October 28

Stellantis to shutter and sell large testing facility amid cost-cutting efforts

Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

Business - CNBC - October 18

Stellantis to sell, shutter large testing facility amid cost-cutting efforts

DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.

Motion picture academy lays off staff at archive and library amid broader restructuring

The Academy of Motion Picture Arts and Sciences is restructuring its archive and library, cutting 16 staff members as part of a strategic effort to consolidate preservation efforts.

Entertainment - Los Angeles Times - October 31

Google employees pressure costumed execs at all-hands meeting for clarity on cost cuts

Following comments on Google's earnings call about continuing cuts, employees wanted answers at the company's latest all-hands meeting.

Business - CNBC - November 1

Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs

A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months.

Business - CNBC - October 25

Aces restructuring front office, cut ties with GM

The Aces will not renew the contract of general manager Natalie Williams as part of a restructuring of their front office, the team announced.

Sports - ESPN - October 26

Nissan to lay off thousands of workers as sales drop

The Japanese car making giant has not yet said where in its global operations the job cuts will be made.

‘My father was a teetotaling, fair-minded, liberal-leaning capitalist’: And yet I allowed ‘friends’ to borrow $120K. How do I deal with the fallout?

“Of the original 10 I had earmarked for removal from my life, I’m still in contact with two.”

Business - MarketWatch - November 8

Coronato's Agent Seemingly Criticizes GM and Teammate Amid Flames' AHL Decision

The agent didn't post the tweet, but he reposted someone else's, hinting that the agency and perhaps the player aren't too happy.

Sports - Yahoo Sports - October 27

TikTok Employees Shrug Off the US Election

Donald Trump says he’ll spare TikTok. Kamala Harris will likely support the ban. But inside the company, few are talking about the US election.

Tech - Wired - November 5

Meta lays off staff at WhatsApp and Instagram to align with 'strategic goals'

Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.”

Tech - ABC News - October 17

Kraken Lays Off 15% of Workers and Names Arjun Sethi New Co-CEO

The influential cryptocurrency exchange has undergone several reorganizations in recent years.

Business - The New York Times - October 30

Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.

Business - CNBC - November 6

Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.

Enphase to lay off workers and end some operations in Mexico

Microinverter maker Enphase aims to “better align its workforce” with its business needs and will incur in up to $20 million in charges related to a restructuring.

Business - MarketWatch - 6 days ago

DNA-testing site 23andMe to lay off 40% of its workers

The once-popular general DNA-testing firm holds a trove of sensitive genetic data from its customers.

23andMe Lays Off 40% of Staff, Shuts Drug Development Business

The genetics company is closing a unit that was once seen as core to its future.

Business - The Wall Street Journal - 3 days ago

23andMe to lay off 40% of its workforce as stock price plummets

The genetic testing company 23andMe is cutting 40% of its workforce and ending its therapeutics program as its stock price continues to plummet. CBS News correspondent Carter Evans has more on what ...

Boeing supplier Spirit Aero to furlough employees amid strike

Spirit AeroSystems announced plans to furlough 700 workers for 21 days Friday due to the ongoing Boeing employee strike. The company’s hourly direct, support functions and management employees in ...

Politics - The Hill - October 18

Alibaba cuts 'dozens of employees' at metaverse unit as hype in sector cools down

World - Yahoo News - November 3

Ford works council says 2,000 employees in Cologne to have hours cut

World - Yahoo News - 2 days ago

Fear that winter fuel payment cut will cost lives

Wales' older people's commissioner says people will die because of the decision.

How Trump, Harris propose cutting healthcare costs

The economy and healthcare are two of the top concerns for voters in this election cycle, and both tickets have promised to lower healthcare costs. When she introduced her economic agenda earlier ...

Politics - The Hill - October 25

Volkswagen in Drive to Cut Costs as Earnings Plunge

The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.

Business - The Wall Street Journal - October 30

Twins shuffle front office with new GM, bigger role for Derek Falvey amid plans for team's sale

Jeremy Zoll has been named the new general manager

Sports - CBS Sports - 3 days ago

Passengers stuck on planes and homes without power

Northern Ireland Electricity restored power to more than 10,000 customers over the course of Sunday.

Queen's University to cut jobs as it faces £11m deficit

The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.

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