HP Layoffs 2500 Employees As Stock Slides 19% On Weak Warnings Outlook, signaling a turbulent period for the tech giant. Despite reporting better-than-expected revenue for the January quarter, HPE faced significant market challenges, including steep discounts on traditional servers and an inventory buildup of older AI hardware. These factors, combined with a disappointing earnings forecast, … Read more
Wayfair has announced significant job cuts, laying off 340 tech employees and shutting down its Austin tech hub as part of a broader effort to streamline operations. The company says these moves will help it focus on AI-driven strategies and improve efficiency, but they also highlight a growing trend of layoffs in the tech and … Read more
US Job Cuts Soar 245% in February Amid Federal Government Layoffs news, marking the highest layoff surge since the last two recessions. The drastic increase in job cuts stems primarily from mass federal workforce reductions, canceled government contracts, and escalating trade war concerns, significantly impacting the labor market under President Donald Trump’s administration. According to … Read more
Layoffs across the U.S. soared in February, reaching their highest monthly total in nearly five years. According to a report from Challenger, Gray & Christmas, employers announced 172,017 job cuts—an alarming 245% increase from January. A significant portion of these layoffs stemmed from efforts led by billionaire entrepreneur Elon Musk, with support from President Donald … Read more
Ola Electric is set to cut over 1,000 jobs as part of its cost-cutting measures, marking another major workforce reduction within months. Ola Electric to cut 1K jobs with Ola Electric layoff news comes amid rising financial losses, declining EV sales, and increasing competition in the electric two-wheeler market. This latest round of layoffs will … Read more
Jamie Dimon work from home rant has sparked ongoing debates about remote work, corporate culture, and the future of banking jobs. As the JP Morgan CEO doubles down on his stance, the controversy surrounding his comments continues to grow. From employee backlash to potential layoffs, Dimon’s remarks highlight the tension between leadership decisions and workforce … Read more
Citi group layoffs 2025 have sent shockwaves across the financial industry, as Citi group cuts 20,000 jobs in a major restructuring effort. Employees in London have already been informed that the first round of job reductions will begin next week. However, there’s more to this story than just numbers. Last week, Citi laid out its … Read more
If you assumed your job at Citi was safe, you might want to think again. The long-anticipated Citi job cuts 2025 are still in motion, with around 10,000 layoffs yet to be executed. Citi had originally planned to cut 20,000 positions, with roughly half already eliminated last year under the “Project Bora Bora” initiative. CFO … Read more