WTF Wire

Job market rocky start 2026 as #layoffs surge, job openings fall, and hiring plans hit their lowest January level since 2009.
#WTFWire, #JobMarket2026, #HiringSlowdown, #Unemployment, #HiringFreeze, #BusinessNews, #LaborMarket, #CorporateLayoffs www.wtfwire.com/finance/job-...

This as Amazon said in January that it is eliminating around 16,000 corporate jobs, in addition to its first round of mass layoffs since October, when Amazon shed 14,000 jobs.
#CorporateTaxCuts
#CorporateLayoffs

Amazon Layoffs 2026: Tech, Leadership Roles Hit As Company Cuts Layers At Washington HQ Amazon has initiated another wave of corporate layoffs in 2026, affecting 2,198 employees in Washington state, as per a fresh WARN notice

Web Server Hosting Amazon Layoffs 2026: Tech, Leadership Roles Hit As Company Cuts Layers At Washington HQ Arise Server #AmazonLayoffs #TechNews #BusinessNews #CorporateLayoffs #WashingtonState

Amazon to cut 14,000 corporate jobs Amazon said on Tuesday that it plans to reduce its corporate workforce by 14,000 jobs as it seeks to reduce bureaucracy, remove layers and invest more in its AI strategy.

Amazon to cut 14,000 corporate jobs #Technology #Business #Other hashtag 1: #JobCuts 2: #AmazonNews 3: #CorporateLayoffs

Amazon to Lay Off 30,000 Corporate Workers as AI Automation and Cost Cuts Reshape the Tech Giant’s Future.

👉 Read the full story at NewsLink7.com

#Amazon #AmazonLayoffs #AI #Automation #TechNews #BusinessNews #JobCuts #CorporateLayoffs #News #WorldNews #Noticias

Target to lay off 1,800 employees as boycotts and sluggish sales take a toll Target announces plans for its first major round of layoffs in years as the retailer struggles with stagnant sales and community boycotts.

#boycott #TargetStores #corporatelayoffs #Diversity #Equity #Inclusion #sluggishsales

The Grio:

thegrio.com/2025/10/24/t...

Factbox-European companies cut jobs in response to slowing economy (Reuters) - Difficult economic conditions, exacerbated by U.S. President Donald Trump’s tariffs, and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the beginning of April: CAR AND CAR PARTS MAKERS * STELLANTIS: The automaker agreed with trade unions to implement up to 200 voluntary redundancies at its Termoli plant in central Italy, it said on May 8. The Fiom-Cgil union said on May 7 that Stellantis (NYSE:STLA) would also cut up to 500 jobs through voluntary exits at its Melfi assembly plant in southern Italy, which employs around 5,000 people. On April 3, Stellantis said it would temporarily lay off 900 workers at five U.S. facilities in response to the Trump administration’s tariff announcement. * VOLKSWAGEN: The German carmaker’s CFO said on April 30 it had cut headcount in Germany by around 7,000 since starting cost savings in late 2023. * VOLVO: The Swedish truck maker plans to lay off as many as 800 workers at three U.S. facilities over the next three months, a spokesperson said on April 18. * VOLVO CARS: The Swedish carmaker said on May 7 it would cut 5% of the workforce at its U.S. plant in Charleston, South Carolina due to changing market conditions and evolving trade policies, including tariffs. BANKS * COMMERZBANK: The German bank said on May 14 it had agreed with the works council on terms to cut around 3,900 jobs by 2028, part of a strategy to help it deliver more ambitious profit targets. * HSBC: The banking giant plans to cut 348 jobs in France through a voluntary redundancy scheme, amounting to about 10% of its workforce in the country, it said on May 14. * UBS: Switzerland’s largest bank informed unions in Italy on April 1 of plans to cut 180 jobs in the country, around a third of its workforce in the country, documents reviewed by Reuters showed. INDUSTRIALS AND ENGINEERING * STMICROELECTRONICS: The French-Italian chipmaker said on April 30 it would cut around 1,000 jobs in France, more than a third of the 2,800 layoffs planned in its cost-cutting program. * SYENSQO: The Belgian chemicals maker is speeding up restructuring measures, which include cutting around 200 jobs, due to demand uncertainty caused by global economic turmoil, it said on May 15. RETAIL AND CONSUMER GOODS * AUCHAN: The French supermarket group will cut 710 jobs and close 25 stores in Spain as it seeks to adapt to changing habits of shoppers, it said on May 8. * BURBERRY: The British luxury brand will shed 1,700 jobs or around a fifth of its global workforce to cut costs to help revive its performance, it said on May 14. * LVMH: Financial Times reported on May 1, citing an internal video, that the luxury group’s wine and spirit unit Moet Hennessy would cut its workforce by about 1,200 employees. OTHERS * PROSIEBENSAT.1: The German media group will cut 430 full-time positions as part if its digital transformation, it said on May 7. ($1 = 0.8806 euros)

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Panasonic to cut 10,000 jobs, expects $900 million in restructuring costs TOKYO (Reuters) - Panasonic (OTC:PCRFY) Holdings said on Friday it will cut 10,000 staff and expects to book restructuring costs of 130 billion yen ($896.06 million) this business year as part of an overhaul of the company. The electronics manufacturer will make the staff cuts mainly in the current business year, with half of them planned for Japan and the other half for overseas, it said in a statement. The cuts will come through consolidation of sales and indirect operations as well as sites, business terminations and employees in Japan taking early retirement, it said. Panasonic has around 228,000 staff worldwide, according to its website. The company’s restructuring aims to improve group profitability and seeks to achieve a return on equity - a measure of profitability - of 10% by the fiscal year ending in March 2029. Panasonic also said it will target a group adjusted operating profit of at least 600 billion yen in the fiscal year to March 31, 2027, partly due to a revamp of its consumer electronics business, termination of loss-making businesses and streamlining of IT investments. The company said it will review the operational efficiency of its group companies, particularly in sales and back-office divisions, in an update of its overhaul announced in February. Almost half of the restructuring costs will be booked in its Lifestyle business, which includes home electronics and heating and ventilation systems, and another 40% in "other" businesses, including its holding company. It did not expect to book any restructuring costs in its energy business. Panasonic also forecast a 39% increase in operating profit at its electric vehicle battery-making energy business this fiscal year to March 31, 2026, upgrading it to 167 billion yen on expected higher battery and energy storage system sales. The energy business, which makes batteries for Tesla (NASDAQ:TSLA) and other automakers, made 120.2 billion yen in the year that ended in March, missing its own 124 billion yen forecast. ($1 = 145.0800 yen)

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4/ Major companies like Boeing, BP, Starbucks, and BP conducted mass layoffs, indicating structural weakness in key economic sectors as they preparefor the worse. #CorporateLayoffs

US Job Cuts Hit 172,000 in February, Highest Since 2009, Led by Federal Workforce Reductions | AI News Brew <p>US employers announced 172,017 job cuts in February 2025, marking the highest February total since 2009 and representing a 103% increase from January, according to data released Thursday by Challen...

US Job Cuts Hit 172,000 in February, Highest Since 2009, Led by Federal Workforce Reductions haiku.ainewsbrew.com/article/3355

#JobMarket #Employment2025 #EconomicNews #JobCuts #WorkforceReduction #LaborMarket #FederalJobs #EconomicTrends #JobReport #DOGE #GovernmentEfficiency #CorporateLayoffs

Starbucks Lays Off 1,100 Corporate Employees in Major Restructuring Starbucks to Lay Off 1,100 Corporate Employees as Part of Restructuring Starbucks is set to lay off 1,100 corporate employees

Starbucks Lays Off 1,100 Corporate Employees in Major Restructuring.
#Starbucks #StarbucksLayoffs #CorporateLayoffs #JobCuts #StarbucksNews #BusinessNews #CEOUpdate #WorkforceReduction #CompanyRestructuring #EconomicNews #RetailIndustry #CoffeeChain #StarbucksEmployees #FinancialNews #JobMarket

Meta boosts exec bonuses to 200% while cutting 3,700 jobs and reducing employee stock options
www.theregister.com/2025/02/22/meta_pumps_ex...
#executivecompensation #corporatelayoffs #meta #aiinvestment #stockoptions