Amgen Inc. said on Thursday it would cut 450 jobs, or less than 2 percent of its workforce, making it the company’s second round of layoffs this year amid intensifying pressure on drug prices and high inflation. “We made these changes to realign our expense base in the face of intensifying pressure on drug prices…
Facebook Parent Meta Slashes Another 10,000 Jobs
Facebook parent Meta has announced that it’s slashing another 10,000 jobs and won’t fill 5,000 open position, as the beleaguered social media giant struggles to cut costs amid profit pressure. Meta CEO Mark Zuckerberg broke the bad news to staff in a statement on Tuesday, in which he gave an update on the company’s “Year…
Ford to Cut 1,100 Jobs in Spain After Other European Layoffs
MADRID—Ford Motor Co. announced Friday that it will cut around 1,100 jobs at its plant in the eastern Spanish city of Valencia. The cuts are in addition to the 2,300 layoffs largely in Germany and the United Kingdom that the automaker announced last month as part of a “leaner, more competitive cost structure in Europe.”…
German Chemical Giant BASF to Close Factories Without Cheap Russian Gas
February 24, 2023
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The world’s largest chemical company is closing a number of its factories, as the era of cheap Russian gas grinds to a halt amid a deterioration in the global economy. BASF SE will cut 2,600 positions, about 2 percent of its global workforce, to save on operational costs, as the European Union’s biggest chemical firm is forced…
2023 Tech Layoffs on Pace to Surpass 2022 by 300 Percent
Around 109,000 tech industry employees from 392 different technology firms have been laid off since the start of 2023, according to the industry employment tracking website Layoffs.Fyi. Earlier this month, the computer company Dell announced plans to cut about 6,650 employees, in a plan to reduce its workforce by about five percent. Last month Google…
2023 Tech Layoffs on Pace to Surpass Last Year’s by 300 Percent
Around 109,000 technology industry employees from 392 companies have been laid off since the start of the year, according to the industry employment tracking website Layoffs.Fyi. At the current pace, around 650,000 tech employees could lose their current jobs, which is about a 300 percent increase from 2022, when 160,997 people got pink slips, according…
Ericsson to Cut 1,400 Jobs in Sweden
February 20, 2023
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STOCKHOLM—Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. The company had earlier announced plans to cut costs by 9 billion crowns ($880 million) by the end of 2023 as demand slows in some markets, including North America….
Silicon Valley Layoffs Are a Boon for Tech-Hungry Farm Equipment Makers
Big agricultural and construction equipment manufacturers in the American Midwest are on a mission to lure Silicon Valley tech workers who have been caught up in a wave of hiring freezes and layoffs, executives told Reuters. Mass layoffs at major tech firms have opened the talent pipeline for Illinois-based Deere & Co.—the world’s largest tractor…
NTD Business (Feb. 10): US Says It Shot Down Object Over Alaska; Adidas Losing Millions After Kanye Split
The White House says the United States shot down an unknown object off the coast of Alaska Friday. This comes less than a week after a Chinese spy balloon was shot down off the East Coast. What do we know so far about this new object? Adidas posted its outlook for 2023. What may wind…
Yahoo Slashing 20 Percent of Its Workforce by the End of 2023
Yahoo announced that the layoff of more than 20 percent of its workforce by the end of 2023. The tech company said it would eliminate 1,000 positions by the end of this week, the company said in a statement on Feb. 9. A total of more than 1,600 employees are expected lose their jobs in these…
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