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Kurra Bewarse
Username: Problem
Post Number: 3583
Registered: 04-2016
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, April 09, 2025 - 1:33 pm: | 
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March 19, 2025: Morgan Stanley to reduce workforce by 2,000
Morgan Stanley would lay off around 2,000 employees later this month. The job cuts, accounting for about 2% to 3% of the company's global workforce, are part of an effort to improve operational efficiency. The layoffs, which exclude financial advisers, come as the bank looks to optimise its workforce amid evolving business needs. As of 2024, Morgan Stanley had over 80,000 employees worldwide.
March 17, 2025: Audi to cut 7,500 jobs
Audi would cut up to 7,500 jobs in Germany by 2029 in departments like administration and development, the premium carmaker said. The planned measures should save the carmaker’s 1 Bn Euros ($1.1 Bn) per year in the medium term, it said, adding it was investing a total of 8 Bn Euros in its German sites in the coming four years.
March 13, 2025: Chewy sacks over 650 employees
Online pet supply retailer Chewy would lay off more than 650 jobs at its Dallas location. Chewy plans to continue operating online, though it “will remain open in a substantially reduced capacity”. The company that opened its 663,000-square-foot fulfillment center in 2017 has other fulfillment centers across the country.
March 13, 2025: Puma cut jobs amid falling sales and shares
Puma has announced plans to cut 500 jobs globally and close unprofitable stores as part of a cost-cutting initiative, following a sharp 23% decline in its share price. The German sportswear giant also warned of uncertain consumer demand in the US, adding to concerns over its financial outlook. The announcement comes a day after Puma issued disappointing quarterly and annual forecasts.
March 12, 2025: Volkswagen to sack 1,600 employees
Volkswagen is set to lay off 1,600 employees at its software subsidiary, Cariad, by the end of the year, according to a report by Handelsblatt. The layoffs will affect nearly 30% of Cariad’s 5,900-strong workforce and will primarily be carried out through redundancy programmes. The job cuts are aimed at streamlining operations within its software division.
March 11, 2025: Renault cuts hundreds of jobs amid slow demand
Renault would cut 300 jobs at a van factory in France, the carmaker said, responding to slowing European demand for commercial vehicles in the wake of growing economic uncertainty. The French company makes about 14% of its sales from the vehicles used by delivery companies and tradesmen.
March 8, 2025: DHL to slash 8,000 jobs this year
German logistics giant DHL Group plans to cut about 8,000 jobs this year after reporting a 7.2% decline in annual operating profit. The layoffs will impact its Post & Parcel Germany division, which handles mail and parcel delivery within Germany and other countries. DHL employs around 602,000 people globally, including 190,000 staff in its Post & Parcel Germany unit.
March 6, 2025: JioStar to lay off 1,100 employees
JioStar would lay off about 1,100 employees as part of its restructuring efforts. The layoffs, aimed at reducing overlapping roles, started last month and would continue until June 2025. The job cut is likely to impact corporate roles across distribution, finance, commercial, and legal departments. The move is a direct result of the consolidation process following the Viacom18-Disney merger in November 2024.
March 7, 2025: Hewlett Packard plans to slash 2,500 jobs
Hewlett Packard Enterprise, the American data server equipment maker, would lay off around 2,500 employees over the next 18 months as part of a cost-cutting programme. The job cuts were announced after the company reported disappointing financial results for the first quarter of FY25. As of October, its total workforce stood at 61,000. By cutting around 5% of its workforce, the firm aims to save $350 Mn by 2027.
March 7, 2025: Wayfair lays off hundreds of tech employees
Wayfair announced that it laid off 340 employees from its technology team and plans to close its Technology Development Center in Austin, Texas. The retailer will maintain Technology Development Centers in Seattle, Boston, Mountain View, California, Toronto, and Bengaluru.
March 3, 2025: Ola Electric cuts over 1,000 jobs
Bhavish Aggarwal-led Ola Electric laid off more than 1,000 employees across sales, distribution, and marketing as part of a major internal restructuring. Many of the impacted employees were part of its on-ground distribution network, according to sources. However, Ola Electric has not officially confirmed the layoffs, insisting that this is a “strategic restructuring exercise” aimed at optimising operations. |
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