Job Cuts Departments

In Wider Restructuring Plan, Estee Lauder to Cut 7,000 Jobs

Global sales dips prompt new CEO to expand the scope of a turnaround effort with additional layoffs.

Inc. - 23h

Walmart exits Charlotte office and cuts jobs as it ramps up new headquarters

Some employees are being asked to relocate as the largest private employer in the U.S. builds up hubs in Arkansas and California

MarketWatch - 4h

Watch live: House holds hearing on state of education as Trump weighs department cuts

The House Committee on Education and the Workforce is holding a hearing Wednesday morning to examine the state of education in the U.S., weeks after President Trump was sworn into the Oval Office ...

The Hill - 4h

Estée Lauder ramps up job cuts as warns on tariffs

The firm that owns Clinique, MAC and Bobbi Brown shedding double the number of jobs than planned, warning of global volatility.

BBC News - 1d

Queen's University Belfast criticised for India campus plan after job cuts

A union accuses QUB of "directing taxpayer money into axing jobs in NI while creating them on foreign shores".

BBC News - 1d

Jan. 6 conspiracy theory promoter named to a top State Department job

Darren Beattie, who's claimed the FBI was responsible for the 2021 attack on the Capitol, has been named acting undersecretary of state for public diplomacy.

NBC News - 1d

USAID to merge into State Department with major budget cuts

The U.S. Agency for International Development will be folded into the State Department, sources tell CBS News. CBS News senior White House reporter Jennifer Jacobs has the latest.

CBS News - 2d

Cardiff uni job cuts 'threaten supply of nurses'

Some lecturers at Cardiff University have begun getting letters advising them their post is at risk.

BBC News - Jan. 29

Cardiff University plans to cut 400 jobs and axe courses

Vice-chancellor Wendy Larner says "it is no longer an option for us to continue as we are".

BBC News - Jan. 28

Google employees petition for 'job security' ahead of expected cuts

Google employees have begun a petition for "job security" after CFO Anat Ashkenazi in October said the company could "push a little further" with cost cuts.

CNBC - Jan. 28

Ubisoft Closes Studio, Eliminating 185 Jobs In Latest Round Of Cuts

The challenging times at Ubisoft continue, as the French gaming company has announced it is closing one studio and downsizing others in the firm's latest round of cost-cutting that will see about ...

GameSpot - Jan. 27

The Papers: Job cut fears and PM 'rejects whole-life term reform'

The state of the UK economy and calls for sentencing reform after the Southport attack lead the papers.

BBC News - Jan. 25

Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday.

NBC News - Jan. 24

UK businesses cut jobs at fastest pace since 2009 bar the pandemic

S&P’s results add to gloom about economy as employment levels fall

Financial Times - Jan. 24

CNN Cuts Jobs and Shuffles TV Lineup as It Enters New Trump Era

Mark Thompson has promised to reinvent CNN since he arrived in 2023. Now, he is remaking the network’s TV lineup and its work force.

The New York Times - Jan. 23

Sainsbury's to cut 3,000 jobs and shut cafés and pizza counters

The changes are part of a cost-cutting plan, but recent tax rises for businesses have also been a factor.

BBC News - Jan. 23

Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas plans to cut as many as 500 jobs at its corporate headquarters in Germany in a bid to simplify its business—not to cut costs.

CNBC - Jan. 23

Sainsbury’s to cut 3,000 jobs as rising costs hit business

Supermarket chain will lose a fifth of senior management roles and close in-store cafés

Financial Times - Jan. 23

These federal jobs are most at risk of being cut by Trump’s executive orders

Workers in DEI roles, new hires, and IRS employees are at risk as Trump culls the federal workforce.

MarketWatch - Jan. 22

Stripe cuts 300 jobs in product, engineering and operations

Stripe has cut 300 jobs, or about 3.5% of its workforce, CNBC confirmed.

CNBC - Jan. 21

UK employers cut jobs after Budget, official data shows

Drop in payrolled workforce comes even as wage growth accelerates

Financial Times - Jan. 21

Commerzbank explores thousands of job cuts in answer to Andrea Orcel

German lender under pressure to cut costs and boost returns after approach from UniCredit

Financial Times - Jan. 18

Starbucks’s turnaround plan under new CEO now likely includes job cuts

Coffee chain Starbucks’s promised overhaul may require cutting jobs as it tries to work more efficiently, CEO Brian Niccol said.

MarketWatch - Jan. 18

Starbucks Expecting Job Cuts by March

Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.

The Wall Street Journal - Jan. 17

Citigroup Slashes Jobs as Cost-Cutting Continues

Targets include senior managers in the banking giant’s wealth, technology and data analysis units.

Inc. - Jan. 17

Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.

CNBC - Jan. 16

BP axes 4,700 jobs in cost-cutting drive

UK energy major under pressure from shareholders to turn around its performance

Financial Times - Jan. 16

BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn

Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy. BP is to cut thousands of jobs from its global workforce, amounting to 5% of its ...

The Guardian - Jan. 16

BP to cut 4,700 jobs to reduce costs

The job losses at the oil giant will affect more than 5% of its global workforce.

BBC News - Jan. 16

Oil major BP to cut thousands of jobs in cost-saving drive

British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.

CNBC - Jan. 16

Lloyds to cut 500 jobs and close two offices

UK bank to review more than 1,500 jobs across multiple departments

Financial Times - Jan. 15

Gazprom considers record job cuts as Ukraine war ravages finances

Russian energy group hit by plummet in European gas sales and oil sanctions, putting 1,600 jobs on line

Financial Times - Jan. 13

Los Angeles Fire Department budget sustained cuts but saw overall increase

Los Angeles Fire Department budget sustained cuts but saw an overall increase.

ABC News - Jan. 11

Surprising December jobs growth is denting chances of a first-half Fed rate cut

Friday’s unexpectedly big increase in December nonfarm payrolls led to a diminished market-based likelihood for any rate cut by the Federal Reserve until September, based on one method of ...

MarketWatch - Jan. 10

Strong December job growth could augur fewer Fed interest-rate cuts

Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.

CBS News - Jan. 10

Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail

Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.

CNBC - Jan. 10

Microsoft confirms performance-based job cuts across departments

Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.

NBC News - Jan. 9

4 in 10 companies planning job cuts due to AI: Survey

Companies across the globe, at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum's (WEF) latest ...

The Hill - Jan. 9

Microsoft confirms performance-based job cuts across departments

Microsoft said it's cutting a small percentage of jobs across departments, based on performance.

CNBC - Jan. 9

Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts

Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premises

Financial Times - Jan. 8

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