workforce

General Motors' Cruise on Thursday announced internally that it will lay off 900 employees or 24% of its workforce, the company confirmed to CNBC.The layoffs are the latest turmoil for the robotaxi startup and come one day after Cruise dismissed nine "key leaders" for the company's response to the October accident. The cuts also come roughly a month after a round of layoffs of contract workers at Cruise.The company had 3,800 employees before layoffs. Affected employees will receive paychecks until Feb. 12 and at least an…

Volkswagen is currently trying to reduce costs by 10 billion euros ($10.8 billion). Volkswagen said Wednesday it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a faltering shift to electric cars. "Over the coming years, we will…

Spotify is set to lay off 17 per cent of its global workforce, marking the third round of layoffs this year for the music streaming service, In a strategic move to cut costs and focus on profitability. CEO Daniel Ek communicated the decision in a blog post on Monday, framing it as a “strategic reorientation.” While the post did not specify the exact number of job cuts, a spokesperson told news outlets that approximately 1,500 employees would be affected. The announcement revealed that Spotify,…

Telefonica proposed a workforce restructuring plan that will affect 5,124 jobs in Spain as part of its reorganization.The Spanish telecommunications company on Monday told unions that it aims to implement a labor force adjustment plan by 2026, due to organizational, technical and production needs, a spokesperson from trade union UGT told Dow Jones Newswires.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Telefonicaproposed a workforce restructuring plan that will…

December 4, 2023 @ 6:04 AM Spotify is set to slash 17% of its total global workforce, according to a Monday blog post from founder and CEO Daniel Ek, the audio streaming giant’s latest move toward achieving profitability. The Stockholm, Sweden-based company says about 1,500 workers will be affected. They follow a January reduction of 600 workers from its podcast division in January, and another 200 in June. “Over the last two years, we’ve put significant emphasis on building Spotify into a truly great and…

Spotify‘s global workforce will face a 17 percent reduction as the company chases profitability. On Monday, CEO Daniel Ek issued an internal memo to staff announcing the impending layoffs, the company’s third and biggest round this year. “I recognize this will impact a number of individuals who have made valuable contributions,” Ek wrote in the memo, which was later published through Spotify’s newsroom landing page. “To be blunt, many smart, talented and hard-working people will be departing us.” According to…

Twilio said Monday that it plans to shed hundreds of jobs as it seeks to streamline its operations and accelerate its path to profitable growth.The communications and customer data company said it plans to eliminate about 5% of its 5,900 employees, which will come at a cost of about $25 million to $35 million in various charges.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Twiliosaid Monday that it plans to shed hundreds of jobs as it seeks to streamline its…

Scientists at NASA’s Jet Propulsion Laboratory (JPL) can now breathe a collective sigh of relief. After a year-long delay, the lab’s Psyche mission finally launched in October to visit a metal-rich asteroid with the same name. The mission is a huge win for scientists who hope to better understand the role that these bizarre objects played in assembling the early solar system. And its liftoff is also a redemption for JPL itself, which faced a number of challenges as it prepared Psyche for launch—chief among them the waves…

Credit: Pixabay/CC0 Public Domain Research in the International Journal of Public Sector Performance Management has investigated workplace happiness and its impact on productivity within and outside the information technology sector in Delhi. Their findings shed light on the significant impact of workplace happiness on employee engagement and emphasize its universal relevance. …

Google, Apple, Amazon and Meta are some of the biggest tech giants in the industry, making them the prominent competitors for top talent and even grabbing them from each other. These are such companies in which every employee dreams to work. Since graduation, people strive to enhance their skills to enter the top US-based tech companies, however, attracting talent works very differently for such companies. In a recent LinkedIn study, it was revealed that Apple employees after resigning are most likely to take up Google…