As demand for automotive and industrial semiconductors continues to weaken, European chipmakers NXP and STMicroelectronics are preparing for workforce reductions, according to reports from ijiwei and Bloomberg. As noted by the report from ijiwei, citing NL Times, Dutch semiconductor company NXP a...

According to a report from MoneyDJ, citing Japanese media outlet Yomiuri Shimbun, Japanese auto giant Nissan Motor plans to implement layoffs in Japan. The company is set to halt production of a commercial vehicle model at its Shonan plant in Kanagawa Prefecture, leading to hundreds of job cuts. ...

Major tech companies are preparing to announce a new wave of layoffs. According to CNBC, citing Bloomberg, Meta plans to reduce its workforce by 5%, focusing on employees classified as “lowest-performing.” Meta is not the only company taking such measures. Another report from CNBC, citing Bus...

According to a TechNews report, statistics from the U.S. human resources consulting firm Challenger, Gray & Christmas reveal that 2024 has been marked by widespread layoffs across various industries in the U.S., with over 600,000 employees already dismissed. The report further highlights that, a...

According to a report by The Times of India, the tech industry has faced substantial layoffs in 2024, with approximately 150,000 jobs eliminated across major companies. Tech companies like Tesla, Intel, Cisco, and Microsoft are among those reducing their workforces. The report highlights that the...