Downsizing

Panasonic cuts 10,000 global personnel to restructure

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Panasonic Group (Japan) has just announced that it will cut 10,000 employees globally.

US Secretary of Defense declares deep streamlining of 4-star generals

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US Secretary of Defense Pete Hegseth ordered a 20% reduction in the number of 4-star generals in the personnel streamlining that shook the Pentagon.

2,100 US Department of Education employees are at risk of being fired

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President Donald Trump signed an executive decree on March 20 to begin the dissolution of the US Department of Education.

Today, Mr. Trump may sign a decree to close the Department of Education

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US President Donald Trump is expected to sign an executive decree today to close the Department of Education, fulfilling his important campaign pledge.

US military is subject to cuts and mergers

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The plan to cut and merge a number of military forces could put the US government in front of many consequences, especially political risks.

Trump administration fire hundreds of scientists

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The Trump administration is planning to fire hundreds of scientists and researchers working in the federal government.

US Vice President Admits Elon Musk's Mistake

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JD Vance Vice President admitted that Elon Musk made some mistakes in the process of cutting down the government apparatus.

Russian oil and gas giant discusses streamlining 40% of personnel at headquarters

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Russian energy giant Gazprom is discussing a 40% cut in its headquarters.

Microsoft lays off many departments

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Microsoft confirmed that it will cut staff in many departments based on performance evaluation.

Facebook's parent company prepares to fire thousands of employees

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Technology giant Meta is planning to cut staff to the largest scale in history.

Meta continues to cut staff and reorganize the company

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Meta is continuing to cut staff and reorganize teams. This is one of the company's efforts to reduce costs during the recession.

Snap plans to lay off 20% of more than 6,400 employees

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Snap's stock price has fallen nearly 80% this year, is that the reason why the company has fired 20% of its employees?

Apple cuts spending due to economic recession

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Technology giant Apple has considered stopping monthly acquisitions of a company.

Which technology "big guys" are having trouble and need to cut recruitment?

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Businesses in Metaverse are fading away as technology giants like Google and Facebook are slowing down their recruitment.

Is Big Tech facing recession?

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Big Tech companies may face an economic downturn, affecting other industries