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The bulk of these cuts will affect technology roles with additional reductions anticipated within Visa's merchant sales and global digital partnership departments.
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Although he refrained from specifying the exact number of jobs to be cut, CEO Georges Elhedery recognized the necessity for a "de-duplication of governance."
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WorkSafe clarified that the restructuring isn't due to government-imposed cost-saving measures but emphasized the need to stay within its allocated budget.
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In the aftermath of the ruling, Qantas has publicly accepted the court's decision and expressed its intention to expedite compensation payments to affected employees. CEO Vanessa Hudson issued an apology, acknowledging the emotional and financial impact of the airline's actions.
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The layoffs are part of Nokia's broader plan to eliminate up to 14,000 positions worldwide by 2026, with the goal of saving between 800 million euros ($868 million) and 1.2 billion euros.
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These job cuts are part of a larger plan announced by Intel CEO Pat Gelsinger in August, which includes a total reduction of 15,000 jobs.
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Meta spokesperson Dave Arnold confirmed the news, stating, "Today, a few teams at Meta are making changes to ensure resources are aligned with their long-term strategic goals and location strategy."
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