Layoffs
Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans
From Amazon to Microsoft, AI is driving thousands of job cuts worldwide
Global banks alone will let go of as many as 200,000 employees in the next three to five years
UBS plans January job cuts to kick off final year of integration
The step will be followed by another round later in 2026
Replacing staff with AI could be an expensive mistake
What the workplace needs is some form of hybrid, where soft skills become increasingly valued even as technical know-how remains necessary
Amazon European hub in Luxembourg braces for record job cuts
After two weeks of talks, the job cull is lowered from 470 personnel to 370
McKinsey plots thousands of job cuts in slowdown for consulting industry
The firm’s revenue growth has flatlined in the last five years, leading to a reset after rapid hiring over the prior decade
Singapore MBAs draw stronger interest amid global visa tightening and career shifts
HR firms say such degrees are most valuable for those in senior leadership roles, even as more mid-career professionals explore them to future-proof their careers
Wells Fargo expects more job cuts, will roll out AI gradually in 2026
The bank has a little over 210,000 employees as of Sep 30, 2025
PepsiCo plans layoffs as it looks to wrap up Elliott talks
Companies have frequently requested staff to work from home in recent years ahead of layoffs
UBS may cut further 10,000 jobs by 2027: report
The bank has been cutting jobs as a result of the integration of former rival Credit Suisse
