Tag: Job cuts
“VW leaves us hanging in the air” – Volkswagen annoys software experts
New York, Pittsburgh With its withdrawal from the Argo AI joint venture, Volkswagen risks losing software experts. Employees of the company, which the Dax group operated jointly with Ford, report…
Berenberg is cutting jobs in London
Flags with the logo of the Hamburg banking house Berenberg The private bank has to cut costs because of the crisis in the capital market business. (Photo: Bloomberg) Frankfurt The…
Morgan Stanley has cut 1,600 jobs – two percent of the workforce
MorganStanley According to an insider, the major American bank has laid off around two percent of its workforce. (Photo: dpa) new York According to an insider, the US bank Morgan…
Kaufhof and Karstadt employees fear for their jobs
Dusseldorf, Essen The Verdi union blames the management around boss Miguel Müllenbach for the renewed difficulties at the department store group Galeria Karstadt Kaufhof. “Mismanagement and a lack of investment…
US jobless numbers remain low – 263,000 additional jobs
US companies are looking for employees The US labor market has so far proved robust during the crisis. (Photo: Bloomberg) Washington The US unemployment rate was flat in November –…
VW employees in western Germany receive 8.5 percent more wages
VW logo The carmaker and IG Metall reached an agreement early on Wednesday morning. (Photo: Reuters) According to an insider, the 125,000 VW employees in western Germany receive significantly higher…
Clear cut on Twitter: German employees fight back
Dusseldorf, San Francisco The new Twitter owner Elon Musk announced mass layoffs just a few days after the takeover: he cut every second job at the online service without any…
Job offers at Germany’s most valuable start-ups collapse
Billion startups Flink (left), Scalable, Sennder (right) The job offers are at rock bottom. (Photo: Imago, PR (2)) Dusseldorf High inflation, rising interest rates and fears of recession are making…
Cloud subsidiary AWS is also reducing staff
AWS logo Amazon’s cloud division had advertised 32,000 jobs worldwide in July – including in Germany. (Photo: Reuters) Seattle The savings plans at the US company Amazon are taking on…
Amazon also plans to cut jobs in the coming year
Amazon The online retailer wants to save even more costs. (Photo: dpa) Seattle The boss of the world’s largest online mail order company Amazon, Andy Jassy, has set the employees…
Amazon is reportedly planning 10,000 layoffs
new York The wave of layoffs in Silicon Valley continues. According to a report by the New York Times, the online retailer Amazon could cut around 10,000 jobs this week.…
Hypoport wants to save up to ten percent of the jobs – share increases five percent
Hypoport location in Berlin The SDax company has lost significantly on the stock exchange since the beginning of the year. (Photo: Hypoport) Dusseldorf The Hypoport share has had a turbulent…
Disney plans hiring freeze and layoffs
Disney+ The group had reported disappointing quarterly figures. (Photo: Reuters) Berlin The US media giant Walt Disney is planning a hiring freeze after disappointing quarterly figures. In addition, some employees…
Meta shuts down hardware side projects
Meta is based in Mountain View In the hardware area, savings are to be made in the future. (Photo: Reuters) Oakland The Facebook parent Meta shuts down by-products in the…
Fewer jobs, but up to 55 percent more salary
It is the third major job cuts in the industry within a few weeks. The short message service Twitter had previously laid off thousands of employees after being taken over…
Facebook group: Meta lays off 11,000 employees
Founder and CEO Mark Zuckerberg Dusseldorf The Facebook group Meta is laying off more than 11,000 employees – the largest job cuts in the company’s history. CEO Mark Zuckerberg spoke…
Facebook group: Meta lays off 11,000 employees
Mark Zuckerberg In a letter to the workforce, the Facebook founder acknowledges wrong decisions. (Photo: dpa) San Francisco, Dusseldorf The Facebook group Meta is laying off more than 11,000 employees…
Facebook group: Meta lays off 11,000 employees
meta corporation 13 percent of the workforce have to go. (Photo: IMAGO/NurPhoto) Menlo Park The Facebook group Meta is laying off more than 11,000 employees in the largest job cuts…
Commerzbank profit collapses due to charges in Poland
Frankfurt The long-term crisis at the Polish subsidiary M-Bank ruined Commerzbank’s results in the third quarter. Profits fell by more than half to 195 million euros, as Germany’s second largest…
Job cuts cause a price jump at Schaeffler
Schaeffler logo The supplier expects an accelerated transformation. (Photo: dpa) Dusseldorf The automotive and industrial supplier Schaeffler convinced shareholders on Tuesday with surprisingly strong figures and the planned elimination of…