3M to Cut 3% of Workforce Amid Virus Slowdown
The company's latest streamlining move will enable it to "deliver greater growth and productivity as global markets emerge from the pandemic."
Report: IBM To Cut 10,000 Jobs
The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.
Danone Announces Job Cuts, Restructuring
The consumer goods company says it is reshaping itself as a “local-first” organization.
Juul to Cut More Jobs
The e-cigarette maker said it will make a "significant global reduction" and exit multiple markets as part of a long-term strategy.
Nike to Cut Jobs As Part of Digital Sales Push
The footwear giant says the “strategic alignment” of its operating model will “create even greater focus and agility."
LinkedIn to Cut 6% of Global Workforce
The Microsoft-owned networking platform said the coronavirus pandemic is having a sustained impact on demand for its recruitment products.
Survey: CFOs Double Down on Staff Cuts Amid Ongoing Disruption
“CFOs are unsure what reopening will look like and have little visibility into when revenue will start to normalize.”
Nissan to Cut 12,500 Jobs After Profit Plunge
The automaker is cutting 9% of its global workforce after reporting a 99% plummet in operating profit.
CEO Departures Hit a 17-Year High in 2019
"Companies appear to be preparing for a contraction in the market," says Challenger, Gray & Christmas.
Ford Europe to Cut Thousands of Jobs in Turnaround Drive
The automaker’s global cost-cutting effort starts with eliminating thousands of jobs, discontinuing slow-selling models, and combining headquarters.