IBM to cut thousands of jobs in fourth quarter amid software focus
World 12:18 05/11/2025IBM will cut roles this quarter, the company said on Tuesday, potentially impacting thousands of employees while it shifts focus towards its high-margin software segment, as Wall Street hones in on the company's ability to benefit from AI-linked cloud demand.
Global firms slash jobs amid weak sentiment, AI push
World 14:21 29/10/2025Companies around the globe have ramped up job cuts, with blue-chips from Amazon to Nestle and UPS reining in spending while consumer sentiment dims and AI-focused tech companies start to replace jobs with automation.
Amazon targets as many as 30,000 corporate job cuts, sources say
World 13:24 28/10/2025SAN FRANCISCO - Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.
Nestle to cut 16,000 jobs as new CEO ignites 'turnaround fire'
World 11:35 17/10/2025Nestle will cut 16,000 jobs, new CEO Philipp Navratil said on Thursday, as the world's largest packaged food company seeks to cut costs and win back investor confidence.
National Australia Bank cuts 410 jobs, to hire in India and Vietnam
World 11:33 10/09/2025SYDNEY - National Australia Bank (NAB) is cutting 410 jobs in its technology and enterprise operations in Australia and creating 127 roles in India and Vietnam, a spokesperson said, confirming cuts first revealed by the country's financial services union.
Nissan to cut 20,000 jobs globally
World 15:53 13/05/2025TOKYO -- Struggling Nissan Motor Co. is planning to cut about 20,000 jobs in and outside Japan, up from 9,000 as previously planned, it was learned Monday.
Grab blames COVID-19 for laying off 5% of workforce
Economy 16:45 17/06/2020Affected employees had been informed of the job cut via email by 1:00 pm on Tuesday
