MicroStrategy cut 20% of its workforce as it doubled its bitcoin holdings in 2024, spending $22.1 billion on cryptocurrency while shedding 400 jobs across key departments.
Browsing: workforce reduction
Commerzbank will cut 3,900 jobs by 2028 while targeting a €2.4B profit in 2025, as part of a restructuring plan amid speculation over UniCredit’s increasing stake.
Meta is laying off 3,600 employees, or 5% of its workforce, as it continues restructuring in 2025. The layoffs, focused on “low performers,” impact multiple regions but exclude some EU countries.
Ford will cut 4,000 European jobs by 2027, citing weak EV demand and rising competition, with Germany and the UK most affected in its restructuring plans.
Boeing announces layoffs for 438 employees amid financial challenges, citing overstaffing. The move is part of a broader 10% workforce reduction plan impacting 17,000 positions.
Shopify has announced plans to reduce its workforce by 20%, impacting over 2,000 employees, and has agreed to sell its…