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Dow Inc. is considering selling its 35% stake in Sadara Chemical, its $20 billion joint venture with Saudi Aramco. The potential exit seeks to relieve severe cash-flow drags and capital obligations, …
UnitedHealth Group's corporate profile details its 390,000-person global workforce, recent cost-cutting layoffs, and operational restructuring. After lowering revenue targets earlier in 2026, the hea…
Google is moving its AI responsibility team from DeepMind to its global affairs division, raising concerns among employees about reduced independence and potential talent loss. While management claim…
Starbucks is cutting 224 Seattle headquarters jobs as part of a previously announced restructuring. This move, coinciding with improving sales and a new AI strategy, aims to streamline operations and…
BP finalized the sale of its Gelsenkirchen refinery to Klesch Group, a strategic move expected to reduce annual operating expenditure by approximately $1 billion and strengthen its balance sheet, ali…
Visa shares rallied after the company announced plans to lay off 7% of its staff to improve operating leverage and efficiency ahead of its earnings report. Investors responded positively to the cost-…
Exxon Mobil announced that its legal redomiciliation from New Jersey to Texas will officially take effect on July 1, 2026. The transition to ExxonMobil Holdings Corp. will be seamless for shareholder…
Microsoft is planning to transition its underperforming Xbox gaming division into an independent subsidiary. This strategic restructuring aims to shed low-margin hardware manufacturing, optimize soft…
Amazon confirmed layoffs of at least 100 robotics unit staff, following previous cuts totaling around 30,000 white-collar jobs to improve efficiency via AI and restructure its workforce.
Amazon announced 16,000 job cuts and is asking employees to highlight their top achievements amid ongoing layoffs and rising pressure to prove value in a shifting job market.
Amazon announces 16,000 additional layoffs, totaling 30,000 job cuts since October as part of a major workforce reorganization focused on efficiency and reduced bureaucracy.
Amazon announces a 10% cut in corporate workforce with layoffs aiming to reduce bureaucracy and speed up decision-making, while offering relocation assistance and emphasizing this is not the start of…
Amazon announced a second major round of layoffs totaling 16,000 jobs to streamline management amid rising AI investments, aiming to reduce bureaucracy and increase ownership across operations.
Amazon plans to cut 16,000 corporate jobs in a second round of layoffs to streamline management and accelerate AI adoption, reflecting a broader tech industry trend toward automation and efficiency.
Amazon mistakenly alerted AWS employees to imminent layoffs scheduled for this week, part of a corporate plan to cut around 30,000 jobs, including retail and grocery divisions, driven by AI adoption …
Amazon plans to lay off 30,000 corporate workers next week, focusing on AI-driven efficiency and restructuring across cloud, retail, and media sectors.
Amazon plans a second round of corporate job cuts affecting AWS, retail, and HR units, targeting 30,000 total layoffs to reduce bureaucracy and improve efficiency, marking the largest cut in its hist…
Amazon launched a small business loan program in India and initiated large-scale layoffs, signaling restructuring yet growth opportunities in new markets.
Amazon plans cutting up to 14,000 corporate jobs amid AI-driven automation and economic slowdown concerns, signaling tougher times ahead for the tech giant and broader market caution on white-collar …
Amazon plans to cut up to 30,000 jobs amid a major restructuring to automate operations and focus on AI growth, signalling cost discipline and long-term efficiency improvements under CEO Andy Jassy.