Federal Reserve announces 10% workforce reduction over two years, implementing early retirement program amid calls for efficiency in federal staffing
#YonhapInfomax #FederalReserve #WorkforceReduction #JeromePowell #EarlyRetirement #GovernmentEfficiency #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63648

Microsoft Plans Layoffs Despite Record Profits

Despite posting $25.8B in profits, Microsoft is laying off 6,500+ employees about 3% of its global workforce as part of a broader effort to stay "lean and agile" in the AI era.

#Microsoft #TechLayoffs #BigTech #AIeconomy #JobCuts #TechNews #WorkforceReduction #CorporateRestructuring #TECHi

Read Full Article Here :- https://www.techi.com/microsoft-announces-major-layoffs/

Microsoft announces 3% global workforce reduction, impacting approximately 7,000 employees, as part of restructuring efforts to streamline managerial layers despite strong financial performance.
#YonhapInfomax #Microsoft #Layoffs #WorkforceReduction #CorporateRestructuring #TechIndustry #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63062

Microsoft Cuts 3% of its Global Workforce

#Microsoft #Layoffs #TechLayoffs #BigTech #WorkforceReduction #Restructuring #AI #TechJobs #MicrosoftNews #TechIndustry #CorporateNews #BigTech

https://winbuzzer.com/2025/05/13/microsoft-cuts-3-of-its-global-workforce-xcxwbn/

Intel's stock fell 1.6% after a shareholders' meeting approved a $42 million stock award for CEO Lip-Bu Tan. The company is restructuring, including a 20% workforce layoff, while focusing on AI projects. Despite plans to reduce expenses, three shareholder proposals were rejected.

#Intel #StockMarket #LipBuTan #AI #Restructuring #WorkforceReduction

Read Full Article Here :- https://www.techi.com/intel-stock-drops-2025-incentive-plan-layoffs/

Intel forecasts Q2 revenue below expectations, triggering 5% stock drop in after-hours trading amid cost-cutting measures and workforce reduction plans
#YonhapInfomax #Intel #Q2Revenue #EarningsReport #CostCutting #WorkforceReduction #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=60320

A significant shift is underway at the IRS! The Trump administration's strategy to cut the federal workforce could lead to a 20% reduction in IRS employees primarily through buyouts, amid pressing tax-filing deadlines. With about 20,000 employees showing interest, the agency faces operational challenges. This move follows a trend of increasing departures, raising concerns about efficiency and service quality for taxpayers. For full details, check the source [here](https://www.cnbc.com/2025/04/15/irs-resignation-treasury-tax-deadline-trump.html). #IRS #TaxDeadline #WorkforceReduction #TrumpAdministration

Dell reports a 10% workforce reduction, with 108K employees as of Jan 31, 2025, down from 120K in Feb 2024. #Dell #TechNews #WorkforceReduction #Layoffs #BusinessNews #CorporateUpdate #EmployeeCount #TechIndustry #EmploymentTrends

Homeplus union reveals workforce reduction strategy and store closure plans amid company's attempts to sell locations, raising concerns about employee retention and business sustainability.
#YonhapInfomax #HomeplusUnion #WorkforceReduction #StoreClosures #MBKPartners #RehabilitationPlan #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=54586

MBK Partners Vice Chairman Kim Kwang-il pledges to increase corporate value amid criticism of management failures in acquired companies, addressing concerns over restructuring and workforce reductions.
#YonhapInfomax #MBKPartners #CorporateValue #ManagementFailures #Restructuring #WorkforceReduction #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=54517

Grubhub CEO Howard Migdal announces layoffs of ~500 positions (23% of workforce) following Wonder's takeover in November 2024. What’s next for the food delivery giant? 🍴📉 #Grubhub #Layoffs #Wonder #TechNews #WorkforceReduction #BusinessUpdates

Trump Administration Lays Off Thousands of USAID Employees Amid Cost-Cutting Measures: In a shocking move, the Trump administration has placed over 4,200 United States Agency for International Development (USAID) employees on administrative leave while laying off at least 1,600 more in a massive workforce reduction effort. The decision follows a legal battle after a federal judge temporarily… https://creebhills.com/2025/02/trump-administration-lays-off-usaid-workers?utm_source=dlvr.it&utm_medium=mastodon #TrumpAdministration #USAID #WorkforceReduction #GovernmentLayoffs #CostCutting

MicroStrategy cuts workforce by 20% while doubling Bitcoin holdings, highlighting shift in corporate priorities amid crypto market volatility
#YonhapInfomax #MicroStrategy #WorkforceReduction #BitcoinHoldings #CorporateStrategy #CryptoInvestment #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=51317

Chevron announces plans to reduce workforce by up to 20% by end of next year, aiming for $2-3 billion in cost cuts amid oil price declines and industry uncertainty.
#YonhapInfomax #Chevron #WorkforceReduction #CostCutting #OilIndustry #CorporateRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50696

Sprinklr cuts 500 jobs (~15% of its workforce) amid weak business performance. C-level staff remain unaffected. 🔻 #TechNews #JobCuts #Sprinklr #BusinessNews #Layoffs #CorporateNews #TechIndustry #WorkforceReduction #Leadership

Sources: STMicroelectronics is considering a 6% workforce reduction, potentially cutting up to 3,000 jobs, through early retirements & attrition amid a chip slump. 💼🔻 #STMicroelectronics #ChipIndustry #TechNews #JobCuts #WorkforceReduction #Semiconductors #TechIndustry

In 2024, the tech industry experienced over 130,000 layoffs across 457 companies, reflecting significant volatility in the sector. How can professionals adapt to these challenges and build resilience in their careers?
https://buff.ly/40nGKSq
#TechLayoffs #EmploymentTrends #CareerResilience #TechIndustry #JobMarket #WorkforceReduction #ProfessionalDevelopment #FutureOfWork #TechCommunity #JobSearch #IndustryChallenges #CareerAdvice #Adaptability #Innovation #SupportTechWorkers #EconomicImpact

Google Workforce Reduction 10%: Management Job Cuts Now Impacting Directors and Vice Presidents #Google #WorkforceReduction #TechIndustry #JobCuts #BreakingNews #BusinessNews

https://newspiler.in/google-workforce-reduction-10-management-job-cuts/?utm_source=mastodon&utm_medium=jetpack_social

AMD to lay off ~4% of its global workforce, about 1,040 employees, as it aligns resources with growth opportunities. According to its SEC filing, the company had 26,000 employees at the end of 2023. 🔻 #AMD #TechNews #Layoffs #WorkforceReduction #BusinessStrategy #GrowthOpportunities #TechIndustry

The tech industry has been facing a challenging period in 2024, with a wave of layoffs continuing to sweep across the sector. Following significant workforce reductions in 2022 and 2023, this year has already seen a staggering 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi.
Read More at: https://www.rawatly.com/the-2024-tech-layoff-tsunami-a-comprehensive-look-at-an-industry-in-flux/
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#TechIndustry #Rawatly #Layoffs2024 #JobCuts #TechJobs #WorkforceReduction #TechNews #EconomicChallenges #IndustryTrends #JobMarket