job cuts - Unusual Whales

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job cuts

A collection of 7 posts

BT Group plans to let go of up to over 50k workers by 2030, with at least 10k jobs replaced by some form of AI

Per CNN The BT Group, a British telecommunications giant, has recently revealed its plans to let go of a massive chunk of its company slowly. The company said it wants to let go of over 50,000 workers by 2030. To be specific, BT Group wants to bring its employee

Deloitte to let go of 1,200 US workers

FT Deloitte is joining the growing list of companies that are letting go of workers in the US. Recently, the company told its staff that it would be letting go of around 1,200 US workers. Recently, Deloitte's competitors, KPMG and EY, have also decided to let go

Meta is halting remote job postings and clarifies that it's 'purely temporary'

Per Fox Business Meta clarifies that its decision to place remote job postings to a halt is "purely temporary. A company spokesperson spoke to FOX Business to clarify the company's decisions. "We remain committed to remote work. We've merely temporarily paused new remote work

Some Meta employees are to experience lower bonuses and more staff assessment

Per Reuters As part of Meta's cost-cutting measures, some employees are expected to receive lower bonuses and more staff assessment. Now, the staff is expected to be assessed twice a year. Per WSJ, citing an internal memo, employees that perform well by the end of 2023 in their

Survey of over 1,000 hiring managers reveals 27% of them have job postings up for over four months

Per WSJ In a survey, hiring managers revealed that over a quarter of them had job postings up for over four months. The survey consisted of 1,000 hiring managers, and they revealed a few facts about the job market. One of the revelations was that some hiring managers left

Amazon to add to its 18,000 job cut, which ended in January, by letting go of another 9,000 employees

Per CNBC While Amazon has already let go of 18,000 positions, which carried out from November to January, the company plans to let go of another 9,000 individuals. The layoffs were recently announced in a memo coming from CEO Andy Jassy. Jassy pointed out that one reason for

Amazon HR Staffers are Looking for New Jobs Themselves With Some Placing #OpenToWork on LinkedIn

Per Bloomberg Amazon HR staffers are now looking for new jobs for themselves despite still being employed at the company. This comes as even the HR staffers are worried about losing their jobs. The company has announced its plans to lay off over 17,000 workers (some reports say 18,