Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
San Francisco, United States | AFP | by Julie JAMMOT Twitter sacked half of its 7,500-strong staff on Friday as new owner Elon Musk launched his major overhaul of the troubled company just a week after his blockbuster takeover. An internal document seen by AFP said “roughly 50 percent” of employees were impacted and would be denied access to company computers and email on an immediate basis. Workers around the world were shown the […]
SAN FRANCISCO, United States (AFP) — Twitter said it will start laying off employees on Friday, as the new billionaire owner Elon Musk moves quickly after his big takeover to make the messaging platform financially sound. A company-wide email seen by AFP says Twitter employees will receive word via email at the start of business Friday, California time, as to what their fate is. It does not give a number but the Washington Post and […]
San Francisco, United States | AFP | Massive layoffs appear to be on the horizon at Twitter, especially if billionaire Elon Musk completes his $44 billion purchase of the company, the Washington Post reported on Thursday. While pitching his deal to buy Twitter to investors, Musk said he planned to get rid of nearly three-quarters of the firm’s workers, lopping its ranks to just over 2,000 employees, the Post reported. Even if Musk’s deal to […]
Stockholm, Sweden | AFP | Swedish furniture giant Ikea posted a six percent rise in full-year sales on Thursday, in what it described as a “challenging” year due to inflation and scaling back in Russia. Following Russia’s invasion of Ukraine, Ikea closed its 17 shops and halted production in the country, where it was one of the largest Western employers before the war with 15,000 employees. According to Dutch holding company Inter Ikea’s CEO […]
San Francisco, UNITED STATES (AFP) — Netflix on Tuesday said it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. “These changes are primarily driven by business needs rather than individual performance, which makes them especially tough, as none of us want to say goodbye to such great colleagues,” a spokesperson told AFP. About 150 employees have been laid off, most of […]
NEW YORK, United States (AFP) — Disney announced Tuesday it will cut 28,000 jobs from its US parks and experiences division, pointing to depressed demand caused by the coronavirus and uncertainty on when it will recover. The cuts were needed in light of social distancing requirements, exacerbated by tough restrictions imposed by the California state government, the company said in a press release. About two-thirds of the affected employees are part-time staff. “Over the past […]
NEW YORK, United States (AFP) — United Airlines warned Wednesday it could lay off as many as 36,000 workers on October 1 as the US carrier fights for survival amid the coronavirus crisis. The big US airline emphasized that it must cut costs due to a severe drop in demand for air travel, but although it will notify frontline employees of the potential job cuts, it does not expect everyone who receives the notice to […]
PARIS, France (AFP) — Nokia plans to eliminate 1,233 jobs at its Alcatel-Lucent subsidiary in France, slashing its workforce in the country by a third as it grapples with intense competition in the telecoms equipment market amid the launch of 5G networks, the company and unions said Monday. It is the fourth round of layoffs at hardware manufacturer Alcatel-Lucent in the four years since it was bought by Nokia in 2016, and the biggest by […]
by James PHEBY Agence France Presse LONDON, United Kingdom (AFP) — The British Broadcasting Corporation on Wednesday said it will axe 450 newsroom jobs as part of plans to adapt “to changing audience needs” and meet its savings target. The job cuts come just a week after BBC boss Tony Hall said he would step down, and as the corporation grapples with a equal-pay demands and questions about its future funding model. “The BBC […]
SAN FRANCISCO, United States (AFP) — Uber on Tuesday said it was laying off about eight percent of its product and engineering teams as the smartphone-summoned ride service tries to map a route to profitability. The San Francisco-based company is cutting about 265 people from its engineering group and another 170 or so jobs from its product team, a spokesman told AFP. While a fast-growing startup, ranks of Uber employees swelled to more than […]
by Ben PERRY Agence France-Presse LONDON, United Kingdom (AFP) — Thousands of auto sector jobs are set to go across Europe, Jaguar Land Rover and Ford announced Thursday, under major restructuring as consumers dump diesel cars for greener electric vehicles. Brexit-facing JLR will axe around 4,500 mostly UK jobs, the Indian-owned carmaker said, after a slump in Chinese sales last year. US carmaker Ford said it planned a major restructuring of its European operations, including […]
NEW YORK, United States (AFP) – Slumping US toymaker Mattel announced Wednesday it will cut 2,200 jobs after reporting another steep loss in the second quarter, sending shares sharply lower. Mattel, the maker of Barbie, Hot Wheels and other toy mainstays, said the job cuts account for 22 percent of its global non-manufacturing staff. Mattel had 35,000 employees at the end of 2017. The company also plans to sell manufacturing sites in Mexico. “Mattel is […]
