Category: layoffs
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UK firms plan biggest layoffs in a decade as business confidence collapses
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UK employers are preparing for the largest wave of repetition in a decade, as confidence between companies decreases amid concerns about the high costs and tax increase that will turn into effect as of April. A new survey from the Charterd Institute for Employees and Development (CIPD) revealed that the…
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Hundreds of tech layoffs in Israel over past week
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A wave of workers’ demobilization has been sweeping the technology sector in Israel since the beginning of 2025, which affects strong and profitable companies in this industry. In contrast to the “emergency demobilization” last year, when the war forced companies to reduce the workforce, the sources say that recent demobilization…
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Small businesses warn of layoffs as new employment rights bill prompts worry
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Almost every small business in the UK is preparing to cut staff in the wake of proposed changes to employment law, according to a survey by the Federation of Small Businesses (FSB). The survey of 1,270 companies found that 92 per cent feared the new legislation would undermine recruitment and…
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Sunseeker insists it ‘deeply values’ workforce despite temporary layoffs
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Superyacht manufacturer Sunseeker has sought to reassure employees that it “highly values” their contributions, after the company announced a series of temporary layoffs affecting production staff in early 2025. The move, prompted by what Sunseeker described as “cash flow challenges” linked to supply chain disruption, sparked criticism from the Unite…
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Alliance Tires faces layoffs, closure
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Alliance Tires in Hedera, owned since 2016 by Japan’s Yokohama Rubber Company, is poised for a major wave of layoffs and could even close, 75 years after its founding, Globes has learned. The owner is looking for cheaper production alternatives and lower shipping costs, with most of the production being…
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Alliance Tires faces layoffs, closure
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Alliance Tires in Hedera, owned since 2016 by Japan’s Yokohama Rubber Company, is poised for a major wave of layoffs and could even close, 75 years after its founding, Globes has learned. The owner is looking for cheaper production alternatives and lower shipping costs, with most of the production being…
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Casual workers hardest hit by company layoffs in 2024
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A new study revealing labor market trends in Kenya revealed that one in four companies laid off permanent employees this year, and only one in 10 companies added new permanent jobs. Meanwhile, while only 13% of companies have hired new casual workers this year, nearly half of companies (42%) have…
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AI plays role as tech layoffs surpass 100,000 in 2024
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wildpixel/iStock via Getty Images The rise of artificial intelligence has become a recurring theme behind recent layoffs in the tech industry. Job cuts in the sector have exceeded 100,000 so far this year, to 106,630 as of July 12, according to the tracker. Layoffs.fyi. more Recently Mass layoffs In the…
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Israel layoffs reflect eBay’s global decline
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Until a decade ago, eBay was synonymous with online retail. Along with Amazon, it was the place to go for new and used items, some of which the platform marketed through limited-time auctions that offered discounts to those who managed to register in time. The auction format it pioneered, “bidding,”…
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ByteDance to layoffs staff at Indonesian e-commerce unit (Private:BDNCE)
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JHVEPhoto/iStock Editorial via Getty Images Update: The story has been updated with a statement from ByteDance. ByteDance (BDNCE) has confirmed that it will lay off some employees at its Indonesian e-commerce units Tokopedia and ShopTokopedia. The move comes after TikTok’s parent complete The transaction in which it was committed To…
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ByteDance to layoffs staff at Indonesian e-commerce unit (Private:BDNCE)
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JHVEPhoto/iStock Editorial via Getty Images Update: The story has been updated with a statement from ByteDance. ByteDance (BDNCE) has confirmed that it will lay off some employees at its Indonesian e-commerce units Tokopedia and ShopTokopedia. The move comes after TikTok’s parent complete The transaction in which it was committed To…
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After layoffs, Musk says Tesla to spend $500 million on charging network By Reuters
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(Reuters) – Tesla CEO Elon Musk said on Friday that the company will spend more than $500 million this year to expand its fast charging network, days after the employees who were running the company were abruptly laid off. “Just to reiterate: Tesla (NASDAQ:) will spend more than $500 million…