As Salesforce and SAP navigate these significant changes, their approaches to workforce management and strategic restructuring will likely serve as a barometer for other tech companies facing similar challenges.
Alongside the restructuring, Fortescue announced significant changes in its leadership team. Apple Paget, who has been serving as the acting CFO, has been appointed as the permanent Chief Financial Officer.
In an effort to manage the financial shortfall, the NZDF plans to invite expressions of interest in voluntary layoffs from its civilian workforce starting in August. Alongside this, the military will consider additional cost-saving measures, such as restricting recruitment and cutting some vacant positions.
Booktopia's decision to downsize follows a series of strategic moves, including the immediate resignation of CEO David Nenke a month ago and a prior restructuring that led to at least 50 job redundancies.
The price hikes coincide with Telstra's plan to lay off 2,800 employees, constituting 9% of its workforce, as part of a cost-cutting initiative expected to save approximately $360 million.
Frontline team members across the group's stores, including The Warehouse and Noel Leeming, are expected to remain unaffected by the impending restructuring.