layoffs
New York (AFP) - FedEx will eliminate up to 2,000 jobs in Europe as part of a cost-cutting drive in response to lackluster demand, the shipping company announced Wednesday. The company, which is based in the southern state of Tennessee, said the targeted positions will cover back-office and commercial functions. The plan is to eliminate between 1,700 and 2,000 jobs "subject to local law and consultation processes," the company said, adding that the process will unfold at a country-by-country level "with differing timelines across the region." The company said there would be no impact on custo...
AFP
New York (AFP) - Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report. Elon Musk's EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employes, will disband two departments and lay off most of the employees from the groups, reported the Information late Monday. The online technology publication quoted from a Musk email in which he vowed to be "absolutely hard core about headcount and cost reduction." Musk will seek to oust any executive "wh...
AFP
San Francisco (AFP) - Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs. About 600 jobs are expected to be eliminated by Take-Two, parent company of studios including Rockstar Games, maker of the blockbuster "Grand Theft Auto" line-up. Take-Two is "rationalizing its pipeline and eliminating several projects in development and streamlining its organizational structure, which will eliminate headcount and reduce future hiring needs," it said in a filing with the Securities and Exchange Commis...
AFP
San Francisco (AFP) - Electronic Arts on Wednesday said it is cutting about 5 percent of its workforce, as belt tightening continues in the video game and tech industries. The California company behind hits including soccer game "FC24" is also "sunsetting" some titles and stopping development of others it thinks will not be successful, chief executive Andrew Wilson said in a message to employees posted online. "We are streamlining our company operations to deliver deeper, more connected experiences for fans everywhere that build community, shape culture, and grow fandom," Wilson said. "In this...
AFP
San Francisco (AFP) - Google on Tuesday confirmed it is eliminating "a few hundred" positions from its global ad team, amid a push to use artificial intelligence for efficiency and creativity. The job cuts to its "large customer" sales team are intended to result in better support for small and medium size businesses advertising on Google's platform, according to the internet giant. Expansion of small business ad teams at Google was expected by the company to result in increased hiring this year. Google made no mention of generative AI, which is disrupting many sectors including advertising. L...
AFP
New York (AFP) - US efforts to transition to cleaner energy carry risks of mass layoffs in mature industries, say experts, who warn that policies to cushion the blow may not live up to hype. The Biden administration, through measures such as the 2022 Inflation Reduction Act, points to billions of dollars in support targeting communities disfavored in the energy transition. The push for change got a boost at the UN-led COP28 summit in Dubai on Wednesday, where governments approved an agreement that favors "transitioning away from fossil fuels in energy systems, in a just, orderly and equitable...
AFP
Detroit (AFP) - Stellantis has notified thousands of workers in the US states of Ohio and Michigan of potential layoffs, attributing the move partly to California rules that limit where vehicles can be sold. The European automaker on Thursday notified 2,455 workers in Detroit and 1,225 in Ohio of potential job loss under the federal Warn Act, which requires early notification of major layoffs. The company expects the actual number of layoffs to be "much lower" than the Detroit figure and "slightly lower" than the Ohio number, said Stellantis spokeswoman Jodi Tinson. "Due to the complexity of o...
AFP
New York (AFP) - Jezebel, the influential US feminist news site beloved for its pithy cultural commentary and astute reporting, is shutting down after 16 years online, its parent company announced Thursday. In a memo G/O media -- the New York-based holding company that owns outlets including Gizmodo and Quartz -- cited "economic headwinds" in announcing the 23-person editorial staff would be laid off. "While G/O Media is a lean, nimble organization, we are not immune to the economic headwinds rattling our business," CEO Jim Spanfeller wrote to staff. "Unfortunately, our business model and the ...
AFP
San Francisco (AFP) - Epic Games, maker of the highly popular Fortnite video game, said Thursday it is cutting its workforce to save money but will continue spending on its legal battle over Apple and Google app stores. Epic is laying off about 16 percent of its employees, roughly 830 workers, according to a copy of an email sent to staff by chief executive Tim Sweeney. "For a while now, we've been spending way more money than we earn, investing in the next evolution of Epic and growing Fortnite as a metaverse-inspired ecosystem for creators," Sweeney told employees. "I had long been optimisti...
AFP
Washington (AFP) - Facebook owner Meta announced a fresh wave of job cuts on Tuesday, part of what CEO Mark Zuckerberg called the company's "year of efficiency" as the US tech sector continues to downsize. In an email to employees, Zuckerberg said Meta would shed 10,000 jobs over the next few months, targeting middle management, and that 5,000 other roles would remain unfilled. The cuts follow a cull of 11,000 positions announced by the company in November that started a wave of similar jobs cuts across big tech companies, including Amazon, Google and Microsoft, but not Apple. With the second...
AFP
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