Spanish telecom giant Telefonica SA will cut 5,500 jobs at a $2.9 billion cost, aiming for over $700 million in annual savings. The move follows a trimmed cash flow outlook and a halved dividend. Get the latest business news updates.
AI is reshaping the 2025 job market, causing 55,000 US layoffs. Major firms like Amazon and Microsoft cite AI restructuring. Explore the data and expert debate on this workforce transformation.
In 2025, AI became a primary driver of tech layoffs, with over 55,000 US jobs cut. Amazon, Microsoft, IBM, and Indian IT firms like TCS saw significant workforce reductions. Explore the data and impact.
A Robert Half survey shows 40% of professionals plan to change jobs in early 2026. Discover key motivators like better benefits and pay, and learn strategies to stand out in a competitive market.
Job hunt coach Vini warns of a sophisticated LinkedIn scam after a fake interview. Learn the red flags like device-restricted links and VPN requests to protect yourself.
The Trump administration launches US Tech Force, offering tech experts up to $200,000 salary without a college degree. Apply now for a 2-year government fellowship.
Amazon's largest job cuts in Luxembourg in 20 years force 370 employees out. Indian and foreign staff face a 3-month deadline to find new jobs or leave the EU. Read the full impact.
US tech sector faces a reckoning as job postings fall by 31,800 and unemployment rises to 4%. AI is now a baseline skill, reshaping hiring towards precision over scale. Read the full analysis.
US unemployment rate climbs to 4.6% in November, the highest since 2021, amid federal job cuts and economic uncertainty. Key insights on Fed rates and hiring trends.
Amazon announces 84 new job cuts in Washington state, unrelated to its global 14,000 layoffs. The separations, affecting tech and HR roles, are scheduled for 2026. Read the full details.
Hollywood unions warn of massive job cuts and reduced cinema releases as Netflix proposes a $72 billion takeover of Warner Bros Discovery. Read the full story.
Coimbatore cyber crime police arrest K Arun for cheating a youth with fake overseas job offers. The accused promised a hotel job abroad and took Rs 3.5 lakh. Read the full story.
Kochi police uncover major visa fraud ring shifting from healthcare to blue-collar job scams for Europe & Gulf. Over 25 agents arrested, victims lose Rs 5+ crore. Experts warn of new tactics targeting desperate youth.
Canadian steel giant Algoma Steel will slash 1,000 jobs and shut its blast furnace in Ontario, blaming US tariffs for heavy losses. The layoffs start March 23, 2025. Read more.
China's Baidu begins massive layoffs affecting multiple units after reporting $1.59 billion quarterly loss. Core advertising revenue drops 18% as AI competition intensifies.
German chemical major Wacker Chemie announces 1,500 job cuts, nearly 10% of workforce, to save €300 million annually. Shares rise 2% amid industry downturn.
CCTech announces major hiring initiative for 70 deep tech professionals through Talent Verse Job Fair 2025. Discover opportunities in engineering simulation and digital transformation.
HP announces 4,000-6,000 job cuts by fiscal 2028, adding to earlier layoffs. Learn practical strategies to navigate tech sector uncertainty and protect your career.
British conglomerate Swire Group eliminates 40 positions in Hong Kong office as China's economic slowdown impacts operations. Key departments affected include sustainability and finance.
Former Verizon Business CEO Tami Erwin shares an emotional open letter to 13,000+ employees facing layoffs. Read her powerful take on tech transformation and humanity in business.
HP announces up to 6,000 job cuts by 2028 in AI-driven restructuring while Apple quietly eliminates sales roles. Latest tech layoffs signal industry-wide cost-cutting trends.
HP Inc. announces major restructuring, cutting up to 6,000 jobs by 2028 to save $1 billion annually using AI tools. Profit outlook misses estimates amid rising memory chip costs.
An IT engineer's struggle reveals India's tech job crisis as he drives for Rapido after 2 months unemployment. Learn how AI disruptions are reshaping careers.
Apple Inc. lays off dozens of US sales employees in rare workforce reduction. Company confirms restructuring while maintaining hiring. Learn about impacted teams and strategic changes.
Amazon's Ring division mandates hundreds of customer service workers to relocate to central hubs in US and UK as company shifts to AI-powered support system. Read the full story.
Amazon's massive layoffs of 14,000 employees disproportionately affected engineers, with mid-level roles seeing the highest impact. Get the full details on the tech giant's restructuring.
Gold prices declined as robust US September job growth strengthened the dollar and reduced expectations of Federal Reserve rate cuts in December. Market uncertainty prevails.
Verizon announces elimination of 13,000 positions amid competitive pressures. CEO cites need to streamline operations. Discover how this impacts telecom industry.
Karnataka government and venture capitalists distribute Rs 400 crore funding to deep tech startups during Bengaluru Tech Summit 2025, attended by 90,000+ participants from 57 countries.
US wireless carrier Verizon announces largest-ever layoff of 13,000 employees as part of cost-cutting measures. CEO Dan Schulman reveals restructuring plan.