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Red Cross To Shed Nearly 3,000 Jobs, Slash Budget Amid Drop In Donations
The International Committee of the Red Cross said Friday it was cutting its 2026 budget by 17 percent amid declining donor contributions, and would slash thousands of jobs.
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German Truckmaker MAN Slashes Workforce By 2,300
Volkswagen's truck and bus making subsidiary MAN announced job cuts Thursday as part of plans to shift production to lower-cost Poland.
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Tech Giants Like Microsoft, Google, IBM Slash Thousands Of Jobs In 2025 Amid Restructuring, AI Integration
Tech Companies Layoffs: Major tech companies are cutting thousands of jobs in 2025, driven by economic factors and the increasing integration of AI, which is reshaping roles.
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UN Slashes Global Aid Plan Over 'Deepest Funding Cuts Ever'
The United Nations said that it was drastically scaling back its global humanitarian aid plans due to the "deepest funding cuts ever" -- leaving tens of millions of people facing dire straits.
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UN May Cut Nearly 7,000 Jobs Amid Financial Crisis: Report
The United Nations Secretariat is preparing to cut its $3.7 billion budget by 20% and slash about 6,900 jobs, according to an internal memo seen by Reuters.
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Intel to Announce Plans This Week to Cut Over 20 Percent of Staff
Intel is poised to announce plans this week to cut more than 20 percent of its staff. The cutbacks follow an effort last year to slash about 15,000 jobs — a round of layoffs announced in August.
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Opinion | Thanks To Trump, Researchers May Soon Start Ditching US For China
The Trump administration, in its all-out assault on universities, has already slashed federal grants worth $800 million and $400 million for Johns Hopkins and Columbia, respectively. But this is just the beginning.
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US Agencies Face Deadline Today To Submit Mass Layoff Plans
The potential scale of President Donald Trump's efforts to shrink the U.S. federal government could become clearer on Thursday, the deadline for government agencies to submit plans for a second wave of mass layoffs and to slash their budgets.
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"Failure To Be Taken As Resignation": Elon Musk's Warning To Federal Staff
Elon Musk, the billionaire advisor to Donald Trump, said Saturday that all US federal employees must justify their work or lose their jobs, hours after the president pushed him to be "more aggressive" in slashing government spending.
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Honda, Nissan Aim to Merge in 2026 as Talks Kick Off: Reports
The presidents of Honda, Nissan and Mitsubishi Motor — Nissan’s junior partner — were seen entering and leaving Japan’s transportation ministry on Monday morning, likely to inform officials of their plans to formally kick off merger talks.
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Google Slashes 10% Of Managerial Staff In Hunt For 'Googleyness': Report
Google Layoffs: Google has laid off 10 per cent of its managerial staff as part of a long-running campaign to increase efficiency by double that number, multiple news reports said Wednesday.
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Siemens To Cut Up To 5,000 Jobs In Automation Business After Downturn
Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.
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China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division
Alibaba is slashing dozens of jobs from its metaverse division, as per a report by the South China Morning Post (SCMP). The report suggests that the job cuts from Alibaba’s Yuanjing unit are impacting teams in Shanghai and Hangzhou.
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ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
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Arm Rebuffed by Intel After Inquiring About Purchase of Chipmaker's Product Unit
Arm Holdings approached Intel about potentially buying the ailing chipmaker’s product division, only to be told that the business isn’t for sale. Intel is separating the chip product division from its manufacturing operations.
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Red Cross To Shed Nearly 3,000 Jobs, Slash Budget Amid Drop In Donations
The International Committee of the Red Cross said Friday it was cutting its 2026 budget by 17 percent amid declining donor contributions, and would slash thousands of jobs.
-
German Truckmaker MAN Slashes Workforce By 2,300
Volkswagen's truck and bus making subsidiary MAN announced job cuts Thursday as part of plans to shift production to lower-cost Poland.
-
Tech Giants Like Microsoft, Google, IBM Slash Thousands Of Jobs In 2025 Amid Restructuring, AI Integration
Tech Companies Layoffs: Major tech companies are cutting thousands of jobs in 2025, driven by economic factors and the increasing integration of AI, which is reshaping roles.
-
UN Slashes Global Aid Plan Over 'Deepest Funding Cuts Ever'
The United Nations said that it was drastically scaling back its global humanitarian aid plans due to the "deepest funding cuts ever" -- leaving tens of millions of people facing dire straits.
-
UN May Cut Nearly 7,000 Jobs Amid Financial Crisis: Report
The United Nations Secretariat is preparing to cut its $3.7 billion budget by 20% and slash about 6,900 jobs, according to an internal memo seen by Reuters.
-
Intel to Announce Plans This Week to Cut Over 20 Percent of Staff
Intel is poised to announce plans this week to cut more than 20 percent of its staff. The cutbacks follow an effort last year to slash about 15,000 jobs — a round of layoffs announced in August.
-
Opinion | Thanks To Trump, Researchers May Soon Start Ditching US For China
The Trump administration, in its all-out assault on universities, has already slashed federal grants worth $800 million and $400 million for Johns Hopkins and Columbia, respectively. But this is just the beginning.
-
US Agencies Face Deadline Today To Submit Mass Layoff Plans
The potential scale of President Donald Trump's efforts to shrink the U.S. federal government could become clearer on Thursday, the deadline for government agencies to submit plans for a second wave of mass layoffs and to slash their budgets.
-
"Failure To Be Taken As Resignation": Elon Musk's Warning To Federal Staff
Elon Musk, the billionaire advisor to Donald Trump, said Saturday that all US federal employees must justify their work or lose their jobs, hours after the president pushed him to be "more aggressive" in slashing government spending.
-
Honda, Nissan Aim to Merge in 2026 as Talks Kick Off: Reports
The presidents of Honda, Nissan and Mitsubishi Motor — Nissan’s junior partner — were seen entering and leaving Japan’s transportation ministry on Monday morning, likely to inform officials of their plans to formally kick off merger talks.
-
Google Slashes 10% Of Managerial Staff In Hunt For 'Googleyness': Report
Google Layoffs: Google has laid off 10 per cent of its managerial staff as part of a long-running campaign to increase efficiency by double that number, multiple news reports said Wednesday.
-
Siemens To Cut Up To 5,000 Jobs In Automation Business After Downturn
Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.
-
China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division
Alibaba is slashing dozens of jobs from its metaverse division, as per a report by the South China Morning Post (SCMP). The report suggests that the job cuts from Alibaba’s Yuanjing unit are impacting teams in Shanghai and Hangzhou.
-
ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
-
Arm Rebuffed by Intel After Inquiring About Purchase of Chipmaker's Product Unit
Arm Holdings approached Intel about potentially buying the ailing chipmaker’s product division, only to be told that the business isn’t for sale. Intel is separating the chip product division from its manufacturing operations.
