downsizing

Transaction Capital opted to skip dividends after booking a R2.1 billion headline loss in its SA Taxi business for the six months to 31 March 2023. The 46% drop in the group’s core earnings at the half way stage to R353 million (2022: R648…

Opinions expressed by Entrepreneur contributors are their own. Are you feeling like a hamster running on a wheel in your large home? Are you constantly chasing your tail, trying to keep up with the never-ending…

Microsoft recently underwent some major downsizing, with a layoff that saw the departure of 10,000 employees. Among the many techies that lost their jobs, several of them came from the company's gaming divisions at Xbox. Once the…

With the fear of recession looming over everyone's head, it seems like companies, especially in the tech sector, are taking precautions for impending economic downturn with mass layoffs of employees. Recently, Microsoft announced…

In the past few weeks, against the background of a worsening global macro-economic situation, with expectations of a slowdown and even a recession, many technology companies in Israel have reported layoffs of employees,…

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In order to avoid mass layoffs, the semiconductor giant is offering unpaid leave and voluntary retirement options. Semiconductor giant Intel has not yet begun the…

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Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s…

Sources inform "Globes" that teams at the R&D center of Meta (Facebook) in Tel Aviv have started notifying staff of layoffs. Unlike in the US, where thousands of employees received e-mail messages at 6 am informing…