Nestle to lay off 16,000 jobs over next 2 years
Job-cutting plan expected to save company $1.25B annually until end-2027 Source link
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Layoffs
US Supreme Court clears way for Trump to resume Education Department layoffs
WASHINGTON The US Supreme Court allowed President Donald Trump to move forward Monday with efforts to dismantle the Department of
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Yellen says U.S. economy remains solid, on path to ‘soft landing’ with no meaningful layoffs
Federal Reserve Chair Jerome Powell said in August that the U.S. economy might be ready for an interest rate cut.
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U.S. job market slows, but it’s not yet a ‘three-alarm fire,’ economist says
The labor market has shown unambiguous signs of cooling, economists said. Recession could follow if the trajectory continues. Source link
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Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs
The company, which reported disappointing first-half results, said if not enough employees take buyouts, involuntary terminations could follow. Source link
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UiPath to lay off 10% of workforce in companywide restructuring
Software developer UiPath will cut 10% of its workforce, or about 420 jobs, as part of a broader company restructuring.
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Job market is still strong but has ‘gotten competitive’ for applicants, economist says
The labor market has gradually cooled from red-hot levels in 2021 and 2022, but has proven resilient. Source link
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As Tesla layoffs continue, here are 600 jobs the company cut in California
The latest wave of Tesla layoffs hit an array of departments, impacting factory workers, software developers and robotics engineers. Read
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Tesla cutting around 2,700 jobs in Austin as part of broad restructuring
Tesla is eliminating about 12% of its workforce at a factory in Austin, where the electric vehicle company is headquartered.
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