Layoffs loom at Volvo trucks as demand declines
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The decision follows a decline in demand for the company’s core long-haul heavy-duty trucks and the completion of a key production phase.
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NASA to cut 2,000 jobs this week amid workforce reduction
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With both deferred resignations and probationary cuts combined, the total number of employees lost stands at roughly 1,750—about 10 percent of the agency’s workforce.
EY legal practice faces uncertain future, job losses expected
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While EY remains committed to providing legal services in key areas, the restructuring signals a broader shift in how consulting firms integrate legal expertise into their business models.
Porsche to cut 1,900 jobs amid EV struggles and market pressures
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The sports car manufacturer had already taken steps to reduce its workforce last year by not renewing temporary contracts. However, worsening market conditions have forced deeper cuts.
HSBC axes investment banking jobs as CEO reshapes strategy
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The latest round of job reductions follows ongoing cuts in HSBC’s markets division and will be executed in stages, with the first phase beginning as early as February 17.
Jeff Bezos’ space venture Blue Origin bracing for large-scale layoffs
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The anticipated job cuts come just weeks after the company successfully debuted its flagship New Glenn rocket, a milestone that followed years of development delays.
JPMorgan Chase begins layoff despite record profits
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The layoffs are part of the "regular management of the business," a JPMorgan spokesperson stated, emphasizing that the bank continues to maintain 14,000 open positions.
