workforce-reduction Archives

DBS Bank Announces Reduction of 4,000 Workforce Over 3 Years, Emphasizes AI Capable of Substituting Human Labor

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2 weeks ago
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CEO of DBS Group Holdings, Piyush Gupta, has announced plans to reduce workforce by 4,000 over the next 3 years, believing that artificial intelligence will increasingly replace human workers. This...

Strategic Workforce Optimization: Blue Origin Trim Workforce by 10% to Enhance Organizational Efficiency

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3 weeks ago
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Blue Origin, the space company founded by Jeff Bezos, has announced a 10% reduction in workforce, impacting approximately 1,000 employees out of a total of over 10,000. This decision comes...

Reduction of Workforce by Crytek Leads to Halting of Crysis 4 Development, Focus Shifts to Hunt: Showdown 1896

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4 weeks ago
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Crytek, a German game studio and owner of the renowned CryEngine, has announced a 15% reduction in their workforce, amounting to 400 employees. Additionally, they have disclosed the halt in...

Tesla Unleashes Fourth Round of Workforce Reductions in a Month

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10 months ago
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Last night, at our local time, Tesla laid off employees for the fourth time this month. This round saw employees from the engineering department, HR, and Service Advisor being let...

Announcement: Take-Two Interactive Unveils Workforce Reduction Plan, Terminates Some Game Projects

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11 months ago
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Take-Two Interactive Software, the parent company of 2K Games, Rockstar, and Zynga, has announced a plan to lay off around 5% of its workforce, totaling approximately 580 employees by the...

Employing Varied Verbiage for Verve: DocuSign Unveils Staff Termination Initiative, Impacting a Modest Margin of 6% Amongst its Entire Workforce.

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1 year ago
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DocuSign, a provider of digital signature systems, has announced a 6% reduction in workforce. This amounts to approximately 440 positions, with the majority coming from the sales and marketing departments....

eBay Announces Layoff of 9% Workforce, Equating to 1,000 Positions, to Bolster Long-Term Expenditure Control Measures

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1 year ago
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eBay has recently announced the termination of approximately 1,000 positions, which accounts for about 9% of its full-time workforce. In addition to this, the company also has plans to reduce...

Global Gaming Company, Riot Games, Announces Termination of Work Contracts for 11% of Staff, Equating to a Total of 530 Positions

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1 year ago
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Riot Games, the renowned gaming company, has recently announced the termination of 530 positions worldwide. This accounts for approximately 11% of their total workforce. Interestingly, the majority of those affected...

Xerox Announces Dismissal of Employees by 15%: A Bold Move Revealed

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1 year ago
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Xerox has announced a 15% reduction in workforce as part of their new organizational restructuring and business model. It is estimated that this will affect approximately 3,000 employees. In this...

Nokia Announces Impending Workforce Exemption, Potentially Affecting Upwards of 14,000 Individuals, Following a Substantial Decline in Performance Metrics.

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1 year ago
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Nokia, a Finland-based telecommunications equipment company (separate from the mobile phone business now operated by HMD Global), has announced plans to reduce its workforce by approximately 9,000-14,000 employees in order...