job cuts
IBM Cuts Thousands of Jobs While Pivoting Toward High-Margin Software and AI Cloud Services
Nov 05, 2025 07:48 am CST
IBM announces workforce reduction affecting a low single-digit percentage of its 270,000 global employees as the company strategically shifts focus to high-margin software and AI-driven cloud services under CEO Arvind Krishna's leadership. Despite 35% stock growth this year, recent slowdown in cloud software segment has raised investor concerns about IBM's positioning in the competitive cloud services market.
Global Companies Accelerate Job Cuts as AI Investments Drive Corporate Restructuring
Oct 29, 2025 07:31 pm CST
Major corporations worldwide are implementing significant workforce reductions as they seek returns on massive AI investments. Companies like Amazon, Nestle, and Target are focusing on white-collar positions vulnerable to automation, with over 45,000 jobs announced to be cut in October alone. While current data doesn't show a surge in layoffs, economists describe the labor market as stuck in a concerning "low-hiring, low-firing" phase that could potentially deteriorate further.
Major Companies Implementing Significant Layoffs in 2024: From Amazon to P&G
Oct 29, 2025 04:33 am CST
In 2024, numerous major corporations including Amazon, UPS, Target, and Microsoft have announced substantial workforce reductions, with Amazon cutting 14,000 corporate jobs alone. These layoffs reflect broader economic uncertainties, increased AI investments, rising operational costs from new tariffs, and corporate restructuring efforts. Many companies are redirecting resources from employment to infrastructure investments, creating significant anxiety across various sectors as workers face an increasingly unstable job market.
TCS Implements Record Job Cuts as AI Transformation and US Relations Reshape India's IT Sector
Oct 21, 2025 11:45 am CST
Tata Consultancy Services has executed its largest-ever workforce reduction of 19,755 employees amid AI adoption and US-India tensions. The tech giant aims to cut 2% of staff by March 2025 due to skill mismatches while adapting its business model to navigate changing immigration policies and technological shifts in the $280 billion Indian IT services industry.
Nestle Announces Major Restructuring: 16,000 Jobs to Be Cut Globally Under New CEO's Transformation Strategy
Oct 16, 2025 05:20 pm CST
Nestle plans to eliminate 16,000 jobs worldwide over the next two years as part of a major restructuring effort under new CEO Philipp Navratil. This strategic move aims to save one billion Swiss francs, with 12,000 white-collar positions affected. The announcement comes amid declining sales and follows recent leadership challenges, including a bottled water controversy in France and executive departures.