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20 stories from Planck Standard. Latest: September 7, 2026.
The Tata-owned carmaker is chasing £1.7 billion in savings over two years and says it can break even at 300,000 vehicles. Britain's business minister has already ruled out a bailout.
The supervisory board signed off unanimously on another 50,000 cuts on top of the 50,000 already agreed. Four German plants sit on the list, and no full-scale German factory has ever been closed.
Dara Khosrowshahi told staff in a Wednesday memo that the company needs to strip out management layers. Wedbush put the savings at roughly $1.7 billion, and the stock rose.
American employers announced 33,429 job cuts last month, down 46% from a year earlier, while artificial intelligence accounted for a third of them for the fifth straight month.
The chipmaker began fresh layoffs in the unit at the heart of the AI boom, notifying employees just ahead of its quarterly results as Chief Executive Lip-Bu Tan presses a sweeping restructuring.
About 2% of Microsoft's global workforce is being eliminated, with some 1,600 losses at Xbox, as the company spins off four studios and its gaming chief warns bluntly: 'Our business today is not healthy.'
The American Foreign Service Association says layoffs, forced retirements and buyouts have stripped the U.S. of decades of crisis-response experience and rare language skills just as global conflicts multiply.
The coffee chain says the moves will help return to profitable growth as the company restructures operations and reduces overhead costs.
Coffee chain restructuring aims to help return company to profitable growth amid challenging market conditions.
General Motors is laying off hundreds of employees in information technology operations as the company trims costs and reassesses its technology requirements.
General Motors is laying off hundreds of salaried employees in its information technology operations as part of a broader cost-reduction effort amid changing industry demands.
Government-imposed internet shutdown has crippled entire sectors as Iran's economy struggles with widespread instability and international isolation.
Economists expected only 65,000 new jobs as Challenger tracked 83,387 announced cuts, with one in three layoffs blamed on artificial intelligence for the second straight month.
Athletic apparel giant targets technology department as cost-cutting measures continue amid challenging market conditions.
CEO Evan Spiegel says rapid AI advances allow fewer workers to accomplish more, as the company targets over $500 million in annual cost savings.
Judges in the D.C., Ninth, and Fourth Circuits issued preliminary injunctions, finding that terminating tens of thousands of federal employees without civil service procedures likely violates the law.
Entertainment giant plans new cost-cutting phase under CEO Josh D'Amaro as company seeks to improve financial performance amid industry challenges.
The entertainment giant launches a new phase of cost-cutting measures as CEO Josh D'Amaro seeks to streamline operations.
The entertainment giant initiates a fresh wave of cost-cutting measures as leadership seeks to streamline operations and improve financial performance.
The job cuts come as Meta continues pivoting to artificial intelligence, drawing criticism over executive compensation timing.