Unilever, a multinational consumer goods company known for brands such as Marmite, Dove, and Ben & Jerry’s, has unveiled a strategy including job cuts, the spin-off of its ice cream division, and cost-saving initiatives projected to reach €800 million (£684 million) over the next three years.
Google has confirmed layoffs across its hardware, engineering, and Google Assistant teams, a restructuring effort post the pandemic. The Verge’s Sean Hollister reports that the layoffs is beyond the focus on the Google Hardware team, impacting core engineering and Assistant divisions as well.
ByteDance the parent company of TikTok, the organization has officially announced downsizing within its gaming division. ByteDance had entered the gaming market in 2019 with the creation of Nuverse, aiming to compete with industry leader Tencent.
Amazon has announced the restructuring of its Alexa voice assistant unit, resulting in the layoffs of “several hundred” employees. This decision is driven by the company’s evolving business priorities and a focus on generative artificial intelligence (AI).
Nokia has revealed plans to cut up to 14,000 jobs. This workforce reduction, amounting to approximately 16% of its global employees, is part of a broader cost-cutting initiative. The announcement comes because of company’s disappointing third-quarter financial results.
Binance is going through a significant downsizing effort as it grapples with regulatory scrutiny and investigations. Recent reports show that Binance has laid off more than 1,000 employees, denoting a significant decrease in its work force.
Qualcomm, a multinational chip manufacturer, has announced company-wide job cuts that will impact 5% of its workforce in its upcoming quarterly results on May 3.
