job cuts news and archive

Amazon unintentionally announces layoffs in mistaken email sent to employees

Amazon has unintentionally informed employees of a new round of global job cuts in an email that appears to have been sent out mistakenly. The layoffs, referred to in the email as part of “organizational changes” in Amazon’s cloud unit, would affect a group of workers across the US, Canada, and Costa Rica. Employees at Amazon Web Services (AWS)...

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Amazon expected to cut thousands of corporate jobs

Amazon is expected to announce a second round of job cuts as early as Tuesday this week, in line with the e-commerce and tech giant’s wider restructuring efforts, which include efforts to reduce its corporate workforce by 30,000, according to US media reports. Equal to approximately 10 percent of its corporate workforce, the news comes months...

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Jeweller Swarovski to cut 400 jobs

At least 400 of a 2,200-strong workforce are set to leave Austrian crystal manufacturer Swarovski at the beginning of 2026, the Tyrol Chamber of Labour (AKT) announced on Thursday. According to the Austrian employee representative body, the number could rise to 500 “if the majority of the remaining workforce does not agree to a reduction in...

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Amazon confirms plans to cut around 14,000 office jobs

The world's largest online retailer, Amazon, is cutting around 14,000 administrative jobs. In a statement, the company attributed the cuts to organisational changes in the age of artificial intelligence. Shipping operations in Germany and other countries are not expected to be affected by the reduction in office jobs. It was initially unclear to...

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Target to cut 1,800 headquarter jobs in restructuring

US retail giant Target has said it will be cutting 1,800 jobs, reflecting 8 percent of the company’s global headquarters team, as part of a restructuring to simplify the business. According to an internal memo seen by ABC News, the cuts will include 1,000 layouts and the closing out of 800 open roles. Those impacted will receive pay and benefits...

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Rent the Runway reveals restructuring plan cutting 24 percent of corporate employees

Rental platform Rent the Runway (RTR) has unveiled a significant restructuring plan as part of its Q2 financial report which will see total reductions of approximately 24 percent of corporate employees. Next to further plans to reorganise functions and reallocate resources, the overall strategy hopes to help the company reduce costs, streamline...

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Retail

Employees at Lanvin afraid of potential jobs cuts following sales dip

London - It seems as if French fashion house Lanvin has yet to complete a full turnaround following the appointment of its new creative director Bouchra Jarrar. Staff at Lanvin are said to be waiting in fear for a fresh wave of job cut following news that the brand’s new creative head was unable to boost sales out of the red in 2016, according...

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Yahoo opens door to deal, unveils big job cuts

Yahoo on Tuesday said it is cutting 15 percent of its workforce and narrowing its focus as it explores "strategic alternatives" for the future of the faded Internet star. The announcement, coming with the release of a big quarterly loss, offered the first sign that Yahoo may be open to a sale or merger after years of struggling to regain its...