Job Cuts
Found 4 recent publications
Volkswagen Approved Efficiency Plan: 50,000 Jobs at Risk
The Volkswagen supervisory board has unanimously approved a comprehensive efficiency plan that could lead to the reduction of approximately 50,000 jobs. The move aims to bolster the group's competitiveness.
Massive Layoffs at Visa: Thousands to Depart Despite Record Profits
Visa has announced the layoff of approximately 2,600 employees, representing 7% of its global workforce, despite reporting robust financial results for the third quarter of fiscal year 2026.
Not recovering: Porsche will cut 20% of its workforce within a decade
A drop in sales in China, a failed electrification policy, and a parent company in deep trouble: the cash machine of the Volkswagen Group until a few years ago finds itself in a severe crisis and will significantly reduce its workforce.
Shake-up at the sports giant: dozens of stores closed, 1,400 jobs cut
The successful sports brand is increasing the pace of store closures across the USA in response to growing competition from young and flexible brands. Despite this, the company clarifies that they do not intend to give up their physical presence.