The company spent $569 million in severance payments in this period, compared with $693 million a year ago, its annual report showed
Browsing: Corporate layoffs
Amazon plans 2,200 job cuts in Washington, adding to massive layoffs as leadership restructures amid technology shifts.
Citigroup plans to cut around 1,000 jobs this week as part of a broader restructuring push, joining Meta and BlackRock amid rising global layoffs.
Major U.S. corporate layoffs in 2025 across tech, retail and services highlight restructuring, AI impact and job insecurity.
Starbucks CEO Brian Niccol launches a $1 billion restructuring plan with store closures, staff cuts, and reinvestments in coffeehouse designs to revitalize the struggling chain.
Shailesh Jejurikar, P&G’s COO since 2021, will succeed Jon Moeller as CEO, marking a major leadership shift amid layoffs and rising tariff costs.