Browsing: workforce reduction

Aston Martin said it will cut up to 20% of staff, target £40m annual savings and £15m cash costs, after a wider FY2025 loss and capex cuts.

Baker McKenzie proposed business services changes after an AI focused review putting hundreds of support roles under consultation across its global offices now.

The six largest US banks eliminated roughly 10600 roles in 2025 returning Wall Street employment to its lowest level in years and marking the sharpest drop since 2016.

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

MicroStrategy cut 20% of its workforce as it doubled its bitcoin holdings in 2024, spending $22.1 billion on cryptocurrency while shedding 400 jobs across key departments.

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…