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Microsoft had 228,000 workers as of June last year

Microsoft planning thousands of job cuts - Bloomberg

Microsoft is planning to cut thousands of jobs, particularly in sales, as the tech giant streamlines its workforce amid increased investments in artificial intelligence, Bloomberg News has reported, citing people familiar with the matter.

Business • 19 Jun

Disney shares have risen 21% since its earnings report in May

Disney laying off several hundred in film, TV and finance

Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a source familiar with the matter has said.

Business • 03 Jun

Volvo Cars to slash 3,000 jobs in white-collar cutback

Sweden's Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said today.

Business • 26 May

Nissan, Japan's third-biggest car maker, unveiled sweeping new cost cuts last week

Nissan mulls plant closures in Japan, overseas - sources

Nissan is considering plans to shut two car assembly plants in Japan and overseas factories, including in Mexico, sources said over the weekend, as part of a cost-cutting plan the company flagged earlier this week.

Business • 19 May

Microsoft employs more than 4,000 people in Ireland

Microsoft to cut thousands of jobs around the world

Microsoft said it was laying off less than 3% of its workforce, or around 6,000 employees, as the technology giant looks to rein in costs while funneling billions of dollars into its ambitious bet on artificial intelligence.

Ireland • 14 May

Nissan said its operating profit totalled 69.8 billion yen ($472m) in the 12 months to March, a decline of 88% from the previous year

Nissan cut plants, workers as new CEO takes axe to costs

Nissan Motor has today unveiled sweeping new cost cuts, saying it would eliminate 11,000 more jobs and close seven plants, capping a tumultuous year that has left the Japanese car maker fighting to turn itself around.

Business • 13 May

Nissan, Japan's third-biggest car maker, is striving to make its business leaner and more resilient after weak sales in China and its biggest market the US

Nissan to cut over 10,000 more jobs - reports

Nissan Motor will cut more than 10,000 jobs globally, bringing the number of layoffs, including those previously announced, to about 20,000 or 15% of its workforce, Japan's public broadcaster NHK reported today.

Business • 12 May

Organic sales at Moet Hennessy, LVMH's weakest division, dropped 9% in the first quarter

LVMH's Moet Hennessy to cut workforce by 10% - FT

LVMH group's wine and spirits business Moet Hennessy will shrink its workforce by more than 10%, about 1,200 employees, the Financial Times has reported, citing an internal video message from the division's CEO, Jean-Jacques Guiony.

Business • 02 May

UPS faces a sharp downturn in volume from China's Temu and Shein after the US decided that starting May 2 it will collect tariffs on goods that was duty-free up to $800 per individual sale

UPS to cut 20,000 jobs on likely lower Amazon shipments

United Parcel Service's first-quarter profit beat market estimates and the parcel delivery giant said it will cut 20,000 jobs to lower costs in an uncertain economy and in anticipation of weak volumes from its largest customer, Amazon.

Business • 29 Apr

The US - the world's biggest economy - added 228,000 jobs last month, much more than analysts anticipated

US hiring beats expectations in March amid uncertainty

Hiring in the US was stronger than expected in March, US government data showed today, even as uncertainty brewed over the wider effects of President Donald Trump's tariffs and other policies.

Business • 04 Apr

Morgan Stanley had more than 80,000 employees worldwide at the end of last year

Morgan Stanley to lay off 2,000 workers to trim costs

Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, a person familiar with the matter has told Reuters.

Business • 19 Mar

Siemens is trying to adjust its production capacity in line with weak market conditions in Germany and China

Siemens to cut 8% of jobs at factory automation business

Siemens will cut 5,600 jobs at its Digital Industries business, the engineering company said today, in the latest blow for German industry shaken by weak demand at home and abroad.

Business • 19 Mar

Audi has already cut around 9,500 production jobs since 2019

Audi to cut 7,500 jobs in administration, development

Volkswagen's Audi will cut up to 7,500 jobs in Germany by 2029 in areas like administration and development, the premium carmaker has said, the latest German auto industry player to reduce costs.

Business • 18 Mar

The layoffs will not affect in-store teams or the investments Starbucks is making in store hours, CEO Brian Noccol said today

Starbucks to cut 1,100 corporate roles in turnaround push

Starbucks said today it would eliminate 1,100 corporate roles as CEO Brian Niccol pushes ahead with his efforts to streamline the coffee chain and turn around its business.

Business • 24 Feb

Almost 3,000 staff are employed in TikTok's Irish operation

Irish-based TikTok staff to be impacted by job cuts

Irish-based staff at video-sharing platform TikTok have been told that they will be impacted by job cuts.

Business • 20 Feb

Irish-based Meta staff told of job cuts

Irish-based staff at Facebook parent company Meta have begun finding out if they will be impacted by job cuts announced last month.

Business • 12 Feb

Nearly all USAID staff to be laid off - US media

The Trump administration plans to reduce the number of staff at the US government's giant humanitarian agency USAID to fewer than 300 people from more than 10,000, the New York Times has reported.

Business • 07 Feb

Estee Lauder estimates a net reduction of 5,800 to 7,000 jobs by the end of fiscal 2026

Estee Lauder to cut up to 7,000 jobs

Estee Lauder has today expanded a restructuring plan under its new CEO that would now include up to 7,000 job cuts, while also forecasting third-quarter profit below estimates, blaming persistent demand weakness especially in Asia.

Business • 04 Feb

Glen Dimplex is to cut around 70 jobs at its plant in Dunleer, Co Louth

70 jobs to go at Glen Dimplex in Co Louth

Heating company Glen Dimplex has announced that around 70 jobs are to be cut at its plant in Dunleer in Co Louth.

Business • 30 Jan

Brown-Forman, the Jack Daniel's maker, is looking to reduce costs amid weak alcohol demand

Brown-Forman to cut about 12% of global workforce

Brown-Forman said today it will lay off about 12% of its global workforce of 5,400 employees, as the Jack Daniel's maker looks to reduce costs amid weak alcohol demand.

Business • 14 Jan

Ford said the 4,000 job cuts would be primarily in Germany and the UK

Ford to cut 14% of European jobs

Ford said today it would cut around 14% of its European workforce, blaming significant losses in recent years compounded by weak demand for electric vehicles, a lack of government support for the shift to EVs, and rising competition.

Business • 20 Nov 24

Boeing will lay off more than 2,500 workers in Washington, Oregon, South Carolina and Missouri as part of the US planemaker's plan to cut 17,000 jobs

Boeing to lay off over 2,500 workers as part of big cuts

Boeing will lay off more than 2,500 workers in the US states of Washington, Oregon, South Carolina and Missouri, according to federally required filings and a union official, as part of the debt-heavy US planemaker's plan to cut 17,000 jobs, or 10% of its global workforce.

Business • 19 Nov 24

Unilever said earlier this year it would axe 7,500 jobs globally as part of a restructuring to save about €800m

Unilever nearly halves expected European job cuts

Unilever is cutting about 1,500 fewer jobs in Europe than initially anticipated and hiring about 1,000 people, primarily those affected by its cost-cutting drive, for its soon-to-be spun off ice cream business, the head of the company's European Works Council has said.

Business • 15 Nov 24

Direct Line Insurance Group said it plans to cut 550 roles - or about 5% of its global workforce

UK's Direct Line posts fall in gross premiums

Direct Line Insurance Group has today unveiled plans to cut 550 roles, or about 5% of its global workforce, and reported a fall in gross premiums written in the third quarter, weighed down by its underperforming motor insurance business.

Business • 11 Nov 24

Dulux parent AkzoNobel has announced plant closures in Ireland, the Netherlands and Zambia, to be completed by the end of the year

Dulux paint maker review options for South Asia portfolio

AkzoNobel will review its business portfolio in South Asia, with the initial focus on decorative paints, the Dulux paint maker said last night, as it continues its efforts to cut costs and boost its core coatings business.

Business • 04 Oct 24

Job Cuts