Indeed Inc. plans to cut about 1,000 employees, or roughly 8% of its workforce, the job-search website’s second culling in two years as it seeks to simplify its business in a cooling labor market.The Austin-based company will concentrate the latest round of cuts in the US with a focus on its research and development and some teams that bring products to customers, Chief Executive Officer Chris Hyams said in a message to employees on Monday. The unit of Japan’s Recruit Holdings Co. is...
The attraction said it is going through the changes now ahead of the expected busy summer season
Vaughan Gething travels to India to meet Tata executives over plans to cut thousands of steel jobs.
Walmart Inc announced on Tuesday that it plans to cut hundreds of jobs at its corporate headquarters and relocate a majority of its U.S. and Canada-based remote workforce to three offices, a shift in strategy after initially endorsing virtual work during the pandemic.
Jobs website Indeed is to cut 1,000 jobs globally, around 8% of its workforce. It is not yet known how many jobs will go at the company's Irish operation which employs more than 1,200 people.
UNIVERSITY PARK, Pa. (WTAJ) – Penn State University is asking faculty of its Commonwealth Campuses to voluntarily depart from the university, launching a new "Voluntary Separation Incentive Program." The university announced the program Wednesday, citing "challenges facing all of higher education," and declined enrollment. Through the program, faculty who were considering retirement or would like []
The telecommunications firm will start talks with staff representatives later this year, Helsingin Sanomat reports.
Tesla has reportedly laid off employees across several departments over the last three weeks. These job cuts follow the automaker’s announcement three weeks ago that it was laying off 10% of its workforce, Electrek reported Monday (May 6). Workers in software, service and engineering roles have been impacted by the layoffs, according to the report. Tesla CEO Elon Musk […]
Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year. As of December last year, the company had nearly 800 full-time employees in the U.S., Germany, Sweden, India and China. Luminar is also looking to sub-lease some of its facilities in portions or fully, reducing global footprint as part of the restructuring. The plan will be implemented immediately and lead to an...
(Associated Press) – Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and
STORY: Peloton CEO Barry McCarthy, who took the helm two years ago to revive the flagging fitness firm, is stepping down. His departure, announced by the company Thursday, comes as demand for Peloton’s connected bikes and treadmills remains weak.Sales have waned since gyms reopened post-pandemic, followed by a cutback in consumer spending due to elevated inflation. McCarthy replaced founder John Foley in 2022, and with business chops honed at Netflix and Spotify, rebranded Peloton into a...
Peloton stock is on a roller-coaster ride after announcing a leadership change and restructuring plan. Here's what you need to know.