Mastercard to Cut 3% of Workforce Amid Previously Announced Reorganization – PYMNTS.com
MasterCard The company reportedly plans to lay off about 1,000 employees, or 3% of its global workforce, as part of a restructuring announced earlier this year. Most employees affected by the move are expected to be notified by the end of the quarter, according to Reuters. Reported The announcement was made on Friday (August 16th), […]
Wedding giant The Knot Worldwide cuts 4% of workforce in restructuring
Wedding-planning giant Knot Worldwide cut about 4% of its global workforce this week as part of an internal restructuring, according to information obtained by The Washington Post. About 100 employees in The Knot’s sales and marketing departments have been laid off, according to a person familiar with the matter. The company began notifying affected employees […]
Paramount Global to Cut 15 Percent of Its Workforce
Amid uncertainty about the future of the entertainment industry, Paramount Global is reportedly reducing its workforce by 15 percent in a new round of layoffs. The reported cuts aim to reduce Paramount’s spending by $500 million in 2025, and will be focused primarily on marketing, communications, legal and technology. Paramount Global co-CEO Chris McCarthy announced […]
1.2 Million Fewer Americans in Workforce as ‘All’ Job Growth Goes to Foreign Workers
Under the leadership of President Joe Biden and Vice President Kamala Harris, the U.S. economy is disproportionately benefiting foreign-born workers more than native-born Americans, according to a new Bureau of Labor Statistics report. report reveal. In July, the number of employed Americans fell by 1.2 million from a year earlier. At the same time, the […]
10% of Massachusetts workforce can’t speak much English: Report
About 10% of Massachusetts’ workforce has “limited English proficiency,” according to a new report from two DEI-advocacy organizations. On Monday, MassINC, a nonprofit that promotes “inclusive” economic opportunity in Massachusetts, and the UMass Donahue Institute, which wants to “advance equity and social justice” as part of the University of Massachusetts President’s Office’s public and economic […]
NHS England workforce plan needs ‘1,000s more’ family doctors, say GPs | NHS
Experts have warned that groundbreaking NHS plans to tackle staff shortages will see the country need “thousands more” family doctors because they will employ just one GP for every 24 hospital consultants. The British Association of General Practitioners has written to Wes Streeting to protest what it says are gross imbalances that threaten one of […]
Intuit to Lay Off 10% of Workforce
Intuit, the financial software giant behind QuickBooks and TurboTax, said it plans to lay off about 1,800 employees, or 10% of its global workforce, as part of a strategic shift to focus on AI and other priorities. luck Reports Intuit CEO Sasan Gudarji announced a major restructuring of the company’s workforce that will affect 1,800 […]
Dyson to Cut 1,000 UK Jobs as Part of Global Workforce Review
Home appliances maker Dyson will cut around 1,000 jobs in the UK as part of a global workforce review, reducing its UK workforce by more than a quarter. The bold move comes less than a week after the left-wing Labour Party won the general election and appointed Chancellor Sir Keir Starmer as its leader. The […]
Elon Musk Has Slashed 14% of Tesla’s Workforce
Elon Musk’s electric vehicle maker Tesla is cutting its global workforce by more than 14% since the start of 2024, leaving its total headcount, including temporary workers, at just over 121,000, according to recent internal records. CNBC Reports Elon Musk’s electric car maker Tesla is undergoing a major restructuring, with company records showing a significant […]
Biden Scores Migrants More Jobs While Americans Drop Out of Workforce
President Joe Biden’s economic policies aim to give more jobs to foreign-born workers in the U.S. labor market as hundreds of thousands of native-born Americans have dropped out of the workforce over the past year. New Bureau of Labor Statistics data It shows that 637,000 foreign-born workers joined the U.S. labor market last year, while […]