IBM and SAP are the latest tech companies to slash thousands of jobs, as they reorganize businesses and profits come under pressure from a slowing global economy.
IBM, SAP are cutting thousands of jobs
IBM and SAP are the latest tech companies to slash thousands of jobs, as they reorganize businesses and profits come under pressure from a slowing global economy.
| Date: | Jan. 26, 2023 6:44 AM ET |
| Link: | Read more at CNN |
| Source: | CNN.com - RSS Channel - HP Hero - cnn.com |
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IBM, Dow, SAP to cut thousands of jobs
Corporations are slashing headcount as they prepare for a slowing economy this year.
Jan. 26, 2023 - Home - CBSNews.com - Top stories -
IBM planning to cut almost 4,000 jobs from spin-off of company, divestment from analytics business
IBM is planning to cut nearly 4,000 jobs as a result of one of its branches spinning off to become its own company and divesting a health care data analytics business. Tim Davidson, a spokesperson for IBM, said the company is laying
Jan. 26, 2023 - Just In | The Hill - Politics -
IBM tops revenue estimates, says it will cut 3,900 jobs
Growth in mainframe sales helped IBM avoid slipping back into a pattern of declining revenue. The company faces a high bar for free cash flow in 2023 and 2024.
Jan. 25, 2023 - US Top News and Analysis - Business -
IBM to Cut 3,900 Jobs Amid Broader Tech Slowdown
The information-technology company said a strong dollar hurt revenue. Net income climbed to $2.71 billion.
Jan. 25, 2023 - WSJ.com: US Business - Business -
IBM to Cut 3,900 Jobs Amid Broader Tech Slowdown
The information-technology company said a strong dollar hurt revenue. Net income climbed to $2.71 billion.
Jan. 25, 2023 - WSJ.com: WSJD - Tech -
SAP to Cut 3,000 Jobs After Profit Plunges
The German software company joined the ranks of tech companies announcing job cuts this year, following a 47% fall in net profit in the final quarter of 2022.
Jan. 26, 2023 - WSJ.com: WSJD - Tech -
SAP to Cut 3,000 Jobs After Profit Plunges
The German software company joined the ranks of tech companies announcing job cuts this year, following a 47% fall in net profit in the final quarter of 2022.
Jan. 26, 2023 - WSJ.com: US Business - Business -
SAP to cut up to 3,000 jobs worldwide, mulls Qualtrics sale
Germany-based software company SAP says it's cutting up to 3,000 jobs worldwide, or about 2.5% of its workforce
Jan. 26, 2023 - ABC News: Top Stories - Top stories -
Dow Jones Newswires: SAP to cut nearly 3,000 Jobs, weighs Qualtrics stake sale
German software company said it would book most of 250 million euros to 300m euros ($272.9 million - $327.4 million) in restructuring costs in current quarter.
Jan. 26, 2023 - MarketWatch.com - Top Stories - Business -
Microsoft plans to cut thousands of jobs, according to report
Software maker expected to sharply reduce its workforce as tech sector braces for economic slowdown.
Jan. 17, 2023 - Home - CBSNews.com - Top stories - Microsoft -
SAP to cut 3,000 roles, explore sale of Qualtrics stake
SAP became the latest tech giant to announce significant layoffs, with plans to cut up to 3,000 jobs, or about 2.5% of its workforce.
Jan. 26, 2023 - US Top News and Analysis - Business -
Google parent Alphabet to cut 12,000 jobs as tech job losses continue
Google’s parent company, Alphabet, will cut about 12,000 jobs, as tech companies across the board continue to engage in mass layoffs.
Jan. 20, 2023 - Just In | The Hill - Politics - Google -
Microsoft plans to slash thousands of jobs: reports
The software giant could slash about 5% of its workforce, or about 11,000 roles, U.K broadcaster Sky News reported, citing sources.
Jan. 17, 2023 - MarketWatch.com - Top Stories - Business - Microsoft -
MarketWatch First Take: Splunk joins PayPal IBM, SAP, Spotify, Google, Intel, Microsoft, Amazon and other tech companies making layoffs
Splunk is the latest company in the layoffs spotlight. Here’s a list of other companies making job cuts.
10 hours ago - MarketWatch.com - Top Stories - Business -
Thousands of small UK companies ‘at risk’ due to cut in energy subsidies
Business trade body warns of severe impact after government reduces support on electricity and gas bills
Jan. 10, 2023 - World - World - United Kingdom -
DraftKings cuts 140 jobs as part of reorganization
DraftKings, one of the leading sports-betting companies, said it is eliminating jobs as part of a reorganization.
8 hours ago - US Top News and Analysis - Business -
British Steel considering 800 job cuts in Lincolnshire
The plans, which have not been formally submitted, come as the firm struggles with high energy prices.
8 hours ago - BBC News - Home - Top stories - United Kingdom -
Splunk to Cut About 325 Jobs, Scale Back Outsourcing
The software company also said it would scale back the use of external agencies and consultants as it seeks to cut costs.
11 hours ago - WSJ.com: WSJD - Tech -
Layoff survivor guilt hits workers who remain after job cuts
Feelings of guilt, paranoia and anxiety often kick in among those who survive layoffs. Here's how to cope.
15 hours ago - Home - CBSNews.com - Top stories -
PayPal to cut 2,000 jobs, or 7% of its workforce
The digital payments company is the latest tech giant to slash jobs, citing a "challenging macro-economic environment."
Jan. 31, 2023 - Home - CBSNews.com - Top stories -
Workday cuts about 525 jobs but says it's not the result of overhiring
Cloud software provider Workday layoff hits 3% of its employees, but co-CEOs told the remaining staff that the company would continue to hire.
Jan. 31, 2023 - US Top News and Analysis - Business -
Workday cuts hundreds of jobs
The cloud software company Workday plans to cut hundreds of jobs as it lays off about 3 percent of its global workforce. The company told employees in a message on Tuesday that it decided to restructure and realign some teams across
Jan. 31, 2023 - Just In | The Hill - Politics -
Workday to cut 3% of jobs amid a restructuring
Workday Inc. plans to lay off about 3% of its staff, though the company said its move is 'not the result of over-hiring'
Jan. 31, 2023 - MarketWatch.com - Top Stories - Business -
Philips to Cut a Further 6,000 Jobs
The job cuts are part of a reorganization aimed at improving Philips’s performance and add to a wave of corporate layoffs in recent weeks.
Jan. 30, 2023 - WSJ.com: US Business - Business -
Goodyear Tire to cut 500 jobs given ‘significantly weaker’ industry backdrop
Goodyear stock sinks after tire maker to layoff 500 employees, warns that fourth-quarter results were below expectations
Jan. 28, 2023 - MarketWatch.com - Top Stories - Business