British Oil Giant BP Cuts Nearly 5% of Workforce “To Simplify” Operations
British energy titan BP (NYSE: BP) unveiled a significant restructuring plan on Thursday, announcing the elimination of approximately 4,700 permanent
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job cuts
Newmont Axes Leadership Jobs in Cost-Cutting Frenzy
Newmont Corporation (TSX: NGT) has announced significant management layoffs and a reorganization of its business units as it grapples with
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Rogers Layoffs Add to Growing Wave of Cuts in Canada’s Radio Sector
Rogers Sports & Media, a division of Rogers Communications (TSX: RCI.B), has announced layoffs affecting several dozen employees in its
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Nearly 4,000 Ford Workers Face Job Cuts as EV Crisis Deepens
Ford Motor Company (NYSE: F) has announced plans to cut approximately 4,000 jobs across its European operations, attributing the decision
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Shell to Slash 20% of Workforce in Major Restructuring Drive
Shell (NYSE: SHEL) is set to implement significant workforce reductions as part of a broader strategy aimed at streamlining operations
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Telus Sheds 6,000 Positions Amid Rising Competition and Regulation
Telecommunications behemoth Telus Corp (TSX: T) has announced its intention to cut 6,000 jobs as part of an effort to
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Shopify Jumps 28% After Announcing 20% Job Cuts, Sale Of Delivery
Shopify Inc. (NYSE: SHOP), a burgeoning competitor to Amazon, is selling the two largest elements of its fulfillment network and
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BuzzFeed Slumps 20% After Shutting Down News Division
BuzzFeed, Inc. (Nasdaq: BZFD) is closing its news division and laying off 15% of its employees. The company announced the
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Ernst & Young to Slash 5% of its US Workforce in Effort to Reduce Redundant Roles
Business consulting service Ernst & Young (EY) is preparing to cut about 3,000 jobs, citing “overcapacity” and deteriorating macroeconomic conditions.
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McDonald’s Closes US Offices, Tells Staff To Work From Home As Layoffs Loom
McDonald’s (NYSE: MCD) is closing its US headquarters and instructing US and some international employees to work remotely between Monday
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