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Iraq Bulletin

Tag : job cuts

Automotive

Porsche to cut 5000 more jobs under restructuring plan

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German luxury sports car manufacturer Porsche announced an agreement with labor representatives on Monday to reduce its workforce by an additional 5,000 positions by 2035 as part of a restructuring program. The decision brings total planned job eliminations across the...
Featured News

Nissan shuts seven plants as sales and profits plunge

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Japanese automaker Nissan has announced a sweeping global restructuring plan that includes cutting an additional 11,000 jobs and shutting down seven manufacturing plants. The decision comes in response to mounting financial pressure caused by declining sales in key markets, intensified...
Featured News

MicroStrategy’s bitcoin holdings top $45 billion in market value

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MicroStrategy, now operating under the name Strategy, has significantly reduced its workforce while aggressively expanding its bitcoin holdings. The company disclosed in its audited 2024 annual report, filed Tuesday, that it cut 20.7% of its workforce as it more than...
Business

UK firms to slash jobs as tax hikes and costs squeeze margins

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UK businesses are preparing for the largest wave of redundancies in a decade as confidence in the economic outlook plummets, driven by tax increases set to take effect in April. The Chartered Institute of Personnel and Development (CIPD) reported that...
Featured News

Meta lays off 3,600 employees as tech sector job cuts continue

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Meta is laying off approximately 3,600 employees, accounting for about 5% of its workforce, as part of its ongoing restructuring efforts in 2025. The layoffs, which began on February 10, are being classified by the company as "performance terminations," targeting...