Heavy job losses at Finnish telecoms supplier Nokia, amid weak demand for 5G equipment in US and elsewhere
News job losses
LinkedIn To Cut More Jobs, In Second Round Of Layoffs
Another 668 people across LinkedIn's engineering, product, talent and finance teams are to be made redundant, in second tranche of job losses
Qualcomm To Axe Jobs Amid Shrinking Revenue
Filing in California reveals Qualcomm is to axe 1,258 jobs in the US state, after previous warning of shrinking revenues
TalkTalk To Split Into Three Companies, With CEO To Step Down
Job losses expected, as TalkTalk confirm plan to “demerge its main operating businesses” into three standalone entities
Newport Wafer Fab To Cut Jobs, Blames Government Restrictions
National security restrictions blamed as Welsh chip factory proposes to axe 100 jobs, as search for new owner continues
Binance Product Head Resigns Amid US Investigation
Binance's global head of product resigns, amid a number of executive departures, job losses, and US regulatory lawsuit
AI Growth Prompts Job Takeover Fears, Corndel Finds
Younger employees in particular fear their jobs are at risk due to the rise of artificial intelligence (AI), Corndel finds
Virgin Media O2 To Axe 2,000 UK Jobs
Price of 2001 merger? Virgin Media O2 is to axe 12 percent of its workforce, as it seeks to “simplify” its operating model
Microsoft Confirms More Job Losses
Software giant Microsoft confirms it is axing more staff, in addition to the 10,000 job losses announced in January
Google Axes Waze Staff Amid Consolidation
Worrying sign for Waze? Six months after Alphabet merged its Waze and Google Maps teams, comes news of Waze layoffs
Reddit To Axe 5 Percent Of Workforce
More layoffs in tech sector, as Reddit confirms it will dismiss approximately 5 percent of its workforce and reduce hiring
Meta Starts Axing Nearly 20 Percent Of Irish Workforce
Nearly 500 jobs are being axed at Meta's international headquarters in Ireland, in its third and final round of layoffs
BT To Cut 55,000 Jobs By 2030
Sign of things to come? BT is cull 55,000 jobs by 2030, and says that a fifth of the roles will be replaced by AI
Vodafone To Cut 11,000 Jobs, After Strategic Review
New boss of Vodafone loses little time and confirms 11,000 jobs are to go, as the operator seeks to turn around its fortunes
Microsoft Freezes Salaries, Amid Economic Uncertainty
CEO Satya Nadella informs Microsoft workforce there will be no salary increases in 2023, and executive bonuses will be 'down considerably'
Meta Pleases Investors After Sales Rise, As Profits Dive
Plunge in profits at Facebook parent, but Meta pleases Wall Street after sales rose for first time after three quarters of decline
Meta Lays Off Technical Staffers, In Another Workforce Blow
Second tranche of layoffs begin at Meta Platforms, as engineers and other technical staff are made redundant
Google Staff In London Walkout Over Job Cuts
Some of Google's 5,000 staff in the UK walkout over dispute about job cuts, mirroring similar walkout in Zurich last month
Virgin Orbit Lays Off 85 Percent Of Staff
Nearly 700 jobs to go at Sir Richard Branson’s rocket company Virgin Orbit Holdings, amid reports it will cease operations
Accenture To Cut 19,000 Jobs, After Lowering Forecasts
Accenture confirms it will axe 19,000 jobs, or 2.5 percent of its workforce, amid “significant economic and geopolitical uncertainty”
Meta To Layoff Another 10,000 Staff
Mark Zuckerberg's 'year of efficiency' continues after he makes “difficult decision” to axe 10,000 jobs, on top of November's 11,000 layoffs
Musk Apologises After Mocking Fired Twitter Director
Haraldur Thorleifsson asked Elon Musk if he had been fired. Musk mocked him in his reply, but later backtracked and apologised
Amazon Pauses Construction At Second HQ In Virginia
Construction on the second phase Amazon's HQ2 in Virginia has been paused, amid cost cutting at the e-commerce giant
Ericsson Pleads Guilty Over Bribery Charges, Axes 8,500 Jobs
Thousands of staff impacted by headcount reduction, as giant telecoms giant pleads guilty to US bribery charges
Meta Prepping Fresh Round Of Layoffs – Report
Facebook parent Meta is reportedly planning a fresh round of job cuts, after axing more than 11,000 staff last year
Avaya Files For Chapter 11 Protection, Again
Filing for bankruptcy protection will allow cloud comms provider Avaya to reduce its total debt burden to manageable levels
Yahoo To Lay Off 20 Percent Of Workforce
Job losses to begin at Yahoo with 1,600 staff set to lose their positions, in latest tranche of layoffs impacting tech sector
Zoom Sheds 15 Percent Of Workforce
Post Covid pandemic reality bites as Zoom confirms it will axe 15 percent of its workforce, which impacts 1,300 jobs
Rivian To Axe 6 Percent Of Jobs Amid EV Price War
Another tranche of job losses for Rivian Automotive, after it says it is laying off 6 percent of its workforce
UK NCC Group To Cut Workforce By 7 Percent – Report
More tech cuts but closer to home. Manchester-based cybersecurity firm NCC Group will cut workforce by 7 percent