Target Job Cut
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Target To Cut 1,800 Corporate Jobs To Remove "Layers, Overlapping Work"
About 1,000 employees are expected to receive layoff notices next week, and the company also plans to eliminate about 800 vacant jobs, a company spokesperson said.
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Indian Man's AI Startup Opens Doors To 600 Laid-Off Meta Employees With High Salaries
The offer comes amid Meta's push for leaner operations, with cuts targeting its Fundamental AI Research (FAIR) unit, AI product teams, and infrastructure groups.
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AI Push Drives Record Job Cuts At Top Private Employer TCS
Tata Consultancy Services Ltd. made its steepest-ever job cuts as strained ties with the US and a rapid shift toward artificial intelligence reshape the country's $280 billion IT services sector.
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Germany's Lufthansa To Cut 4,000 Jobs By 2030, Targetting Admin
German airline group Lufthansa said Monday it will cut 4,000 jobs, nearly four percent of its workforce -- a move underscoring the slump gripping Europe's largest economy.
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Microsoft's Sales Chief To Take Two-Month Sabbatical Amid Expected Layoffs
Microsoft Corp.'s top sales executive is planning to take a two-month sabbatical, a move that coincides with an expected wave of terminations targeting his organisation.
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Meta to Cut Roughly Five Percent of Staff, Targeting Lowest Performers
Meta Platforms Inc. is cutting roughly five percent of its staff through performance-based terminations. Affected workers in the US are expected to be notified on February 10, while those based in other countries will be informed at a later date, according to the memo.
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Apple Shares Weaken After Warning of Dull Holiday Quarter
Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.
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Meta to Lay Off Thousands of Workers This Week in Fresh Round of Job Cuts to Meet Financial Targets: Report
Meta Platforms will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News reported on Monday, only a few months after the Facebook-parent reduced more than 11,000 people from its workforce.
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Meta Plans To Cut Thousands Of Jobs To Meet Financial Targets: Report
Meta Platforms Inc, the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees as soon as this week, according to people familiar with the matter.
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IBM Cuts 3,900 Jobs In Latest Tech Layoffs
IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter.
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Amazon Laid Off Devices Unit Staff, Including Retail and HR, Amid Job Cuts
Amazon on Wednesday said it has laid off some employees in its devices group as a person familiar with the company said it still targeted around 10,000 job cuts, including in its retail division and human resources.
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Pegasus Maker NSO Group CEO Resigns Ahead of Reorganisation
Pegasus spyware creator NSO Group on Sunday announced that its CEO Shalev Hulio had resigned, while the company would cut 100 jobs ahead of a restructuring effort. Chief Operating Officer Yaron Shohat has been appointed to oversee the reorganisation, which comes as the company is facing legal action over accusations that its software has been used ...
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Cuts In Social Welfare Schemes, Nothing For Job Creation: Shashi Tharoor On Budget
Attacking the Centre over Budget 2022-23, Congress leader Shashi Tharoor on Monday said there were significant cuts in allocation of social welfare schemes, no measures to address rising inflation and nil targeted effort for job creation.
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People Will Pay Back "Notebandi" With "Votebandi": Lalu Yadav Targets PM Modi
Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav today claimed that the Narendra Modi government has caused untold hardships to the public through demonetisation, job cuts and "imposing restrictions on free thought", and the people will teach the Prime Minister a lesson by not voting for him in the upcoming Lok Sabha elections.
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Tesla Seen Forecasting First-Quarter Loss After Musk Warning
Tesla is expected to forecast a loss for the first quarter when it reports results on Wednesday, having changed their expectations for a profit after Musk's warning.
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Target To Cut 1,800 Corporate Jobs To Remove "Layers, Overlapping Work"
About 1,000 employees are expected to receive layoff notices next week, and the company also plans to eliminate about 800 vacant jobs, a company spokesperson said.
-
Indian Man's AI Startup Opens Doors To 600 Laid-Off Meta Employees With High Salaries
The offer comes amid Meta's push for leaner operations, with cuts targeting its Fundamental AI Research (FAIR) unit, AI product teams, and infrastructure groups.
-
AI Push Drives Record Job Cuts At Top Private Employer TCS
Tata Consultancy Services Ltd. made its steepest-ever job cuts as strained ties with the US and a rapid shift toward artificial intelligence reshape the country's $280 billion IT services sector.
-
Germany's Lufthansa To Cut 4,000 Jobs By 2030, Targetting Admin
German airline group Lufthansa said Monday it will cut 4,000 jobs, nearly four percent of its workforce -- a move underscoring the slump gripping Europe's largest economy.
-
Microsoft's Sales Chief To Take Two-Month Sabbatical Amid Expected Layoffs
Microsoft Corp.'s top sales executive is planning to take a two-month sabbatical, a move that coincides with an expected wave of terminations targeting his organisation.
-
Meta to Cut Roughly Five Percent of Staff, Targeting Lowest Performers
Meta Platforms Inc. is cutting roughly five percent of its staff through performance-based terminations. Affected workers in the US are expected to be notified on February 10, while those based in other countries will be informed at a later date, according to the memo.
-
Apple Shares Weaken After Warning of Dull Holiday Quarter
Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.
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Meta to Lay Off Thousands of Workers This Week in Fresh Round of Job Cuts to Meet Financial Targets: Report
Meta Platforms will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News reported on Monday, only a few months after the Facebook-parent reduced more than 11,000 people from its workforce.
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Meta Plans To Cut Thousands Of Jobs To Meet Financial Targets: Report
Meta Platforms Inc, the owner of Facebook and Instagram, is planning a fresh round of layoffs and will cut thousands of employees as soon as this week, according to people familiar with the matter.
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IBM Cuts 3,900 Jobs In Latest Tech Layoffs
IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter.
-
Amazon Laid Off Devices Unit Staff, Including Retail and HR, Amid Job Cuts
Amazon on Wednesday said it has laid off some employees in its devices group as a person familiar with the company said it still targeted around 10,000 job cuts, including in its retail division and human resources.
-
Pegasus Maker NSO Group CEO Resigns Ahead of Reorganisation
Pegasus spyware creator NSO Group on Sunday announced that its CEO Shalev Hulio had resigned, while the company would cut 100 jobs ahead of a restructuring effort. Chief Operating Officer Yaron Shohat has been appointed to oversee the reorganisation, which comes as the company is facing legal action over accusations that its software has been used ...
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Cuts In Social Welfare Schemes, Nothing For Job Creation: Shashi Tharoor On Budget
Attacking the Centre over Budget 2022-23, Congress leader Shashi Tharoor on Monday said there were significant cuts in allocation of social welfare schemes, no measures to address rising inflation and nil targeted effort for job creation.
-
People Will Pay Back "Notebandi" With "Votebandi": Lalu Yadav Targets PM Modi
Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav today claimed that the Narendra Modi government has caused untold hardships to the public through demonetisation, job cuts and "imposing restrictions on free thought", and the people will teach the Prime Minister a lesson by not voting for him in the upcoming Lok Sabha elections.
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Tesla Seen Forecasting First-Quarter Loss After Musk Warning
Tesla is expected to forecast a loss for the first quarter when it reports results on Wednesday, having changed their expectations for a profit after Musk's warning.
