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Tech News

Polish radio station replaces fired journalists with AI 'presenters'

The radio station in Krakow called it "the first experiment in Poland" to use AI-generated presenters instead of human journalists.

Business

Airbus to cut up to 2,500 jobs in defence and space unit

The European firm is suffering from disrupted supply chains, rapid changes in warfare, and increasing budget constraints.

Business

Denmark's DSV raises €5bn in share sale to fund Schenker acquisition

The Danish logistics company is raising funds to buy Schenker, the logistics unit of German state railway Deutsche Bahn.

Business

Europe's biggest paintmaker AkzoNobel set to cut 2,000 jobs

The Amsterdam-based firm, known for brands such as Dulux, is on a cost-cutting drive to 'accelerate profitable growth'.

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Business

Germany approves bailout for struggling Meyer Werft shipbuilder

The federal government and the state of Lower Saxony are collectively buying up 80% of the firm, as the shipbuilder struggles with a nearly €2.8 billion hole in its balance sheet.

Business

Job cut fears as MSC subsidiary wins stake in Germany terminal group

Mediterranean Shipping Company (MSC) is owned by Italy's Aponte family. Its subsidiary, Port of Hamburg Beteiligungsgesellschaft, has won approval to take a 49.9% stake in German terminal operator group Hamburger Hafen und Logistik (HHLA).

Business

VW considers German factory closures for first time in 87-year history

Jobs with VW in Germany are meant to be protected until 2029, but the firm could now renege on that promise.

Business

Why are senior leaders at Germany’s Thyssenkrupp resigning?

A bitter restructuring row has left the firm’s steel division waving goodbye to its CEO, chair and five directors.

Work

Skills you need to get ahead in an AI-dominated jobs market

With 71 per cent of leaders favouring less experienced candidates with AI skills over more experienced ones without them, professionals are being urged to adopt and master AI tools.

Business

Train maker Alstom plans to raise €1bn to get finances back on track

As it battles to cut its debt pile, leading train manufacturer Alstom announces plans to raise €1 billion. Euronews looks into Alstom's business across Europe.

Business

McKinsey to cut hundreds of jobs as consultancy demand weakens

The consultancy giant is planning for another series of lay-offs following a pandemic hiring boom.

Work

Apple lays off more than 600 workers in wave of post-pandemic cuts

It was the first big wave of job cuts at the tech giant since the COVID pandemic.

Business

Amazon axes hundreds of jobs in cloud computing division

The tech giant is set to lay off workers in its Amazon Web Services unit as part of a restructuring strategy.

Economy

Amazon pulls the plug on iRobot amid disappointing EU connection

Amazon drops $1.4 billion bid for iRobot amid disagreements with EU regulators threatening to block the deal in 2022.

Tech News

What’s behind the latest wave of tech worker layoffs?

Multiple tech companies have announced layoffs this month, prompting worker outrage and frustration, but should tech expect the same number of cuts as last year?

Business

Almost 3,000 jobs to be cut as UK’s largest steelworks goes green

Indian-owned firm Tata Steel plans to close both of its blast coal powered furnaces in south Wales to focus on more eco-friendly production.

Work

CEOs fear companies won't last 10 years in the face of AI, study finds

More CEOs fear their companies won't survive 10 years as pressures from challenges like AI grow, a new survey found.

Business

Google has laid off hundreds of staff. What now for the tech market?

Tech giants have been increasingly laying off their employees, reaching a peak in January of last year. With Google now announcing hundreds of job cuts, what is the tech market outlook for 2024?

Economy

Jobs at risk as eurozone construction sector continues to struggle

Construction firms are looking to cut costs in the face of inflationary pressures and a prolonged fall in demand.

Business

Telefónica to cut 5,100 jobs in Spain by 2026

The company told the unions about the plan as it attempts to curb spending.