Job cuts

The U.S. Supreme Court on Tuesday removed a key legal barrier to President Donald Trump‘s mass federal workforce reduction plans, potentially affecting tens of thousands of government employees while reshaping bureaucratic operations that impact market sectors from defense contracting to...

Experts have been debating the artificial intelligence-driven impact on employment with contradicting views. While market veteran like Jim Cramer thinks that “AI is still not trusted,” others see trouble brewing in the labor market due to the automation of several human-led jobs. What...

Monopoly maker Hasbro Inc. (NASDAQ:HAS) announced that it has cut 3% of jobs amid higher tariffs on imports from China. Here’s a list of five other publicly traded companies that have either reduced their workforce or intend to do so due to the impact of tariffs. What Happened: After...

Amazon.com Inc. (NASDAQ:AMZN) CEO Andy Jassy announced Tuesday that artificial intelligence will reduce the company’s corporate workforce due to efficiency gains, prompting immediate criticism from employees across internal communication channels. What Happened: Jassy told employees that AI...

The Ethereum Foundation, a key supporter of Ethereum (CRYPTO: ETH), laid off research and development staff on Monday as part of a strategic restructuring. What Happened: The Switzerland-based nonprofit announced it is rebranding its Protocol Research and Development division as “Protocol...

A federal judge on Thursday extended a temporary restraining order blocking President Donald Trump’s administration from implementing mass layoffs of hundreds of thousands of federal employees, delivering a significant blow to the administration’s government restructuring plans. What...

Nissan Motor Co. Ltd. (OTC:NSANY) (OTC:NSANF) announced major steps to reconfigure its global operations after a challenging financial year. The company said on Tuesday that it will slash thousands of jobs and close almost half of its production plants across the globe, as part of a multi-year...

Oil and gas giant BP Plc (NYSE:BP) is reducing its workforce by 4,700 positions, which accounts for 5% of its employees, and eliminating more than 3,000 contractor jobs. The oil giant aims to streamline its operations and reduce costs as part of an ongoing initiative to cut $2 billion by the end of...

Editor's Note: This story has been updated with comments from Microsoft. Microsoft Corporation (NASDAQ:MSFT) plans to reduce its workforce, targeting employees not meeting performance expectations. What Happened: A spokesperson for Microsoft confirmed the upcoming job cuts to Business Insider but...

Boeing Co. (NYSE:BA) is set to lay off more than 2,500 employees across four U.S. states, including Washington, Oregon, South Carolina, and Missouri. This move is part of the company’s broader plan to cut 17,000 jobs, which accounts for 10% of its global workforce. What Happened: The layoffs...

PricewaterhouseCoopers (PwC) is reportedly laying off approximately 1,800 employees, marking its first formal cuts since 2009. What Happened: The layoffs will impact about 2.5% of PwC’s U.S. workforce, primarily affecting its advisory, products, and technology operations. The cuts will span...

A letter from Mark Zuckerberg to the House Judiciary Committee has gone viral with the social media company founder and executive admitting to pressure from the government to censor certain content on Facebook. While the latest news could spell trouble for the role that social media platforms like...

Logistics behemoth FedEx Corp. (NYSE:FDX) has unveiled a plan to streamline its operations across Europe, aiming to reduce structural costs significantly. The restructuring initiative targets reducing 1,700 to 2,000 positions, primarily within the company’s back-office and commercial teams....

Walmart Inc. (NYSE:WMT) is set to lay off hundreds of corporate employees and relocate others to its main corporate hubs. What Happened: Walmart, the largest employer in the U.S. with 1.6 million workers, is downsizing its corporate workforce and asking remote employees to move to its main...

Nico Murillo was part of the large group of Tesla employees who were laid off by the EV giant earlier this month. Day Of The Layoff: In a post on Linkedin, Murillo recounted his experience starting from the morning of April 15 when he noticed that his work account was deactivated but dismissed it...