The company's latest streamlining move will enable it to "deliver greater growth and productivity as global markets emerge from the pandemic."
The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.
The consumer goods company says it is reshaping itself as a “local-first” organization.
The e-cigarette maker said it will make a "significant global reduction" and exit multiple markets as part of a long-term strategy.
The footwear giant says the “strategic alignment” of its operating model will “create even greater focus and agility."
The Microsoft-owned networking platform said the coronavirus pandemic is having a sustained impact on demand for its recruitment products.
The oil giant plans to cut 15% of its workforce by the end of the year.
“CFOs are unsure what reopening will look like and have little visibility into when revenue will start to normalize.”
The automaker is cutting 9% of its global workforce after reporting a 99% plummet in operating profit.
"Companies appear to be preparing for a contraction in the market," says Challenger, Gray & Christmas.
The automaker’s global cost-cutting effort starts with eliminating thousands of jobs, discontinuing slow-selling models, and combining headquarters.
The company raised its profit outlook and said the cost savings would begin to show up next year.
