Browsing: workforce reduction

Aston Martin said it will cut up to 20% of jobs, cut five-year capex to about £1.7bn and book restructuring provisions after a 2025 loss.

Baker McKenzie said its business services review, including AI use, led to proposed cuts and consultations affecting support staff in London and Belfast centres.

Major US banks reduced their combined workforce by 10600 employees in 2025 pushing Wall Street staffing to the lowest level since 2021 according to year end filings.

Novo Nordisk announced a global restructuring, cutting 9000 jobs to streamline operations and improve efficiency, impacting 11.5% of its workforce.

Tech leaders from Amazon to Microsoft are cutting jobs as AI-driven automation reshapes work, streamlining operations across major corporations.

Commerzbank will cut 3,900 jobs by 2028 while targeting a €2.4B profit in 2025, as part of a restructuring plan amid speculation over UniCredit’s increasing stake.

Ford will cut 4,000 European jobs by 2027, citing weak EV demand and rising competition, with Germany and the UK most affected in its restructuring plans.

Boeing announces layoffs for 438 employees amid financial challenges, citing overstaffing. The move is part of a broader 10% workforce reduction plan impacting 17,000 positions.

Shopify has announced plans to reduce its workforce by 20%, impacting over 2,000 employees, and has agreed to sell its…