Google Laysoff 200 Employees, Prepares Job Shifts
Just after the earnings report for the first quarter, on 25th April, Google made a strategic move. They laid off at least 200 employees from the core team in the USA and are planning to shift a few of these job roles to India and Mexico. This decision is part of their ongoing efforts to…
Vipin
Citigroup Cuts 300 Manager Roles To Reorganise The Firm
The third-largest American bank and one of the biggest banking firms in the world, Citigroup has announced that they will be cutting off 300 manager roles in an attempt to reorganise the firm. Around 10% of the workforce from total managerial roles within the firm will lose their position. A statement published by the bank…
Abdullah Ansari
3M To Cut 6000 Jobs Globally Due to Weak Consumer Demand
On Tuesday, 3M confirmed that it will cut down 6,000 positions globally due to weak consumer electronic demands. This move is expected to affect 4% of the company’s total workforce. According to the company’s annual filing in December 2022, it has over 92,000 employees globally. 3M also recorded a pre-tax saving of $700-900 million upon…
Sumit