Tag: restructuring

Here you will find all the articles with the tag: restructuring.

Tech companies cut thousands of jobs due to AI

Tech companies cut thousands of jobs due to AI

Since the beginning of the year, 34,000 jobs have disappeared at tech companies. They want to adjust their workforce to invest in new areas, particularly generative AI. That's according to figures from Layoffs.fyi. A total of 138 tech companies have already laid off staff this year. Microsoft, S... Read more

date4 months ago
Atos tries to refinance outstanding debts

Atos tries to refinance outstanding debts

Atos let a third party help with refinancing its outstanding debts. At issue is a debt load of more than two billion euros, for which the deadline for repayment is rapidly approaching. Earlier today, Atos announced it is in talks with several banks for a possible refinancing of the company's ou... Read more

date4 months ago
SAP cuts 8,000 jobs

SAP cuts 8,000 jobs

Germany's SAP will restructure this year, eliminating about 7.6 percent of current jobs. SAP currently employs more than 105,000 people. However, the operational set-up must change to respond to key strategic growth areas, SAP explains in announcing the restructuring. The company sees many growt... Read more

date4 months ago
Meta announces another round of layoffs, affecting 10,000 employees

Meta announces another round of layoffs, affecting 10,000 employees

Meta has announced a new round of layoffs due to restructuring. As a result, about 10,000 employees of the social media giant will be laid off. Five thousand open jobs will also remain unfilled for the time being. The new round of layoffs is a follow-up to the employee reduction announced four m... Read more

date1 year ago
GSP will carry out major restructuring in 2019

GSP will carry out major restructuring in 2019

GSP has announced that this first quarter of 2019 it will have to write off a depreciation of between 800 and 950 million euros in its books. This is because it involves restructuring in order to achieve substantial cost savings in the longer term. The idea is that the restructuring in 2019 will sti... Read more

date5 years ago