Page 48 - Global Workforce News Today

Tencent CEO admits gaming challenges, highlights progress in AI. Company faces competition, regulatory hurdles, and economic slowdown in China.

US parcel delivery giant UPS plans to cut 12,000 jobs worldwide in the face of difficult business conditions, it said on Tuesday. The job cuts - around 2.5% of its global workforce of around 500,000 employees - are intended to save $1 billion, group chief executive Carol Tomé said on a conference call. The future of truck logistics company Coyote, which UPS only acquired in 2015, is also up in the air. A sale is being looked at for the subsidiary, which is suffering from the sharp drop in t...

UPS announced it would cut 12,000 jobs — some 2.4% of its more than 500,000-strong global workforce.

(Reuters) -Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9% of its global workforce, this year, a letter from CEO Alex Chriss, seen by Reuters, showed on Tuesday. In the letter to staff, newly appointed CEO Chriss said the decision was made to "right-size" the company through both direct cuts and the elimination of open roles throughout the year. "We are doing this to right-size our business, allowing us to move with the speed needed to deliver for our cu...

(Reuters) -Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9% of its global workforce, this year, a letter from CEO Alex Chriss, seen by Reuters, showed on Tuesday. In the letter to staff, newly appointed CEO Chriss said the decision was made to "right-size" the company through both direct cuts and the elimination of open roles throughout the year. "We are doing this to right-size our business, allowing us to move with the speed needed to deliver for our cu...

By Exec Edge Editorial Staff Thank you both for joining me today. Let’s start with a little about yourselves and your organizations. Can you tell our readers a little about Aeries and Alegeus? Ajay: Of course – my name is Ajay Khare and I’m the Chief Operating & Revenue Officer at Aeries Technology. I’ve been […]

Today’s and tomorrows organizations are leveraging skills acquired or contracted through digital talent platforms. This opens up an entire world for talent.

Corning Inc. cut about 2% of its global workforce due to revenue shortfalls, including several hundred positions in the Greater Corning area.

SolarEdge Technologies, Inc. ("SolarEdge") , a global leader in smart energy technology, announced today a restructuring plan that includes workforce reduction designed to reduce operating expenses and align its cost structure to current market...

(KRON) — Wayfair has cut 1,650 jobs. The layoffs represent approximately 13% of the online furniture retailer’s global workforce and 19% of its corporate team, according to a news release the company put out on Friday. “Earlier today I sent a note to all Wayfair employees detailing today’s action and the rationale behind it, which […]