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job loss

USA

CEO of The Washington Post steps down days after mass layoffs

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Business

Nestlé to cut 16,000 jobs worldwide in major restructuring move

Nestlé is cutting 16,000 jobs globally to streamline operations, focus on high-return products, and shore up profitability under new CEO Philipp Navratil.

Business

Germany’s Bosch to cut 13,000 jobs at its auto-parts business

The engineering giant is hoping the job cuts will save €2.5bn as Europe’s car market crisis stretches on.

Work

Sweden is tracking job-seekers online to crack down on public benefits fraud

The agency will soon begin contacting the 4,000 people identified by the tracking system, who are at risk of losing public benefits.

Business

Novo Nordisk to cut 9,000 jobs as Eli Lilly competition intensifies

The pharmaceutical giant will axe over 11% of its global workforce as rival Eli Lilly gathers market share in the obesity drug market.

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Tech News

UN brings women back into the classroom to bridge the gender gap in AI

UN Women is trying to ensure women aren’t left behind in the artificial intelligence revolution by educating ‘feminist leaders’ on how to build and use AI for social change.

Business

Germany's Porsche is closing battery subsidiary Cellforce, reports say

According to German media reports, the sports car maker has decided to largely shut down its battery-making and research subsidiary Cellforce, cutting hundreds of jobs.

USA

Trump fires jobs statistics chief after dismal employment report

Trump's move followed Friday's jobs report that showed just 73,000 jobs were added last month and that 258,000 fewer jobs were created in May and June than previously estimated.

Business

Losses and job cuts at Intel as chipmaker drops projects in Europe

Continued lay-offs and further spending cuts are part of the turnaround plan of the US-based chipmaker to save the company's future, as it has just reported further losses for the second quarter of the year.

Business

Nissan is closing flagship Oppama plant in Japan to cut costs

The factory in Oppama, Japan, employs approximately 2,400 people, who will lose their jobs in March 2028. Car production will move to another Nissan plant in southwestern Japan.

Business

Daimler Truck plans to cut around 5,000 jobs in Germany

The announcement comes as Daimler Truck holds its Capital Markets Day on Tuesday in North Carolina in the US.

Business

Microsoft cuts 9,000 jobs as tech giant bets on AI

Microsoft says it is laying off about 9,000 workers, its second mass layoff in months and its largest in more than two years. The move affects less than 4% of Microsoft’s global workforce.

Work

Is AI going to steal your job? Probably not, new study finds

Euronews Next spoke to PwC’s Global Chief AI Officer to ask if AI will really take our jobs.

Business

Volvo Cars announces that it will be slashing 3,000 jobs to cut costs

The majority of the job cuts will affect office-based positions in Sweden. Volvo Cars said the decision would help to build a stronger and more resilient company down the line.

Europe in Motion

Unemployment in EU going down among all age groups except young people

The good news is that long-term unemployment has reached its lowest level on record across the EU.

Work

Women three times more likely to have job taken by AI than men

A new UN-led report found that women's jobs in high-income countries are more likely to be replaced or touched by artificial intelligence than their male peers.

Business

Microsoft slashes 6,000 jobs as it clears the way for AI investments

Microsoft starts laying off thousands of workers as the company spends heavily on artificial intelligence.