Page 4 - Workforce Reduction News Today

Unity Software, a leading videogame software provider, has announced its largest ever layoffs, targeting a 25 per cent reduction in its workforce, which equates to around 1800 jobs

Unity Software has disclosed plans to reduce its workforce by a substantial 25%, translating to approximately 1,800 jobs.

India Business News: Flipkart, the Indian e-commerce giant owned by Walmart, is planning to reduce its team size by 5-7% as part of its annual performance reviews. This is

E-commerce giant Flipkart is set to reduce its workforce by 5-7% as part of a performance-based initiative. This move is aimed at better cost control as the company has halted fresh hiring over the past year.

Jobs are being cut on a division basis, and impacted employees are being given redundancy packages or the opportunity to apply for other positions within the company. Read more.

Udaan, the prominent business-to-business (B2B) marketplace founded in 2016 by former Flipkart executives, recently made headlines by securing a substantial $340 million in Series E funding.

This decision is part of a broader initiative aimed at restructuring Etsys' business model and optimizing operational costs.

Hasbro aims to achieve cost savings ranging from $350 million to $400 million by 2025. Hasbro is currently in the process of downsizing its workforce by 1,100 employees, following the 800 job cuts implemented in January.

Austin Frazier Jr., CFO of Katherine Shaw Bethea Hospital, provides insights into challenges and future for hospital.

This is the third and most substantial round of layoffs for Spotify this year, a move attributed to pressure from an activist investor.