Articles about job cuts

Ericsson announces proposed job cuts

The networking and telecoms firm says about 1 600 positions could be impacted in its home market Sweden.

IQbusiness cuts jobs, shakes up management

The company completes its restructuring exercise and appoints Rob Godlonton as new CEO, replacing Adam Craker.

AI job cuts soar but still a tiny fraction of global workforce

While job cuts because of AI in the tech sector could reach 400 000 this year, it is a small percentage of the worldwide workforce.

Huge Group cuts jobs, reshuffles leadership

JSE-listed investment company Huge Group makes changes to its leadership team and announces job cuts as it restructures.

Telkom pays out R160m after BCX, Gyro job cuts

The restructuring expenses stem from voluntary severance and early retirement packages offered to employees within the subsidiaries.

Hiring activity in IT sector sees significant drop in SA

Year-on-year, the IT sector has seen a decline of 31%, and over the past two years, and recruitment activity in this sector has decreased by 33%, says Pnet.

Jobs bloodbath at Intel, with 15 000 roles on the line

The US-based chipmaker plans to deliver $10 billion in cost savings in 2025, and this includes reducing its head count by 15%.

Vodacom SA employees face retrenchments

South Africa’s largest telecoms operator introduces a cost-cutting process that will potentially impact no less than 80 jobs.

Meta jobs bloodbath sees 24% headcount decline

After announcing a series of retrenchments, Meta’s headcount was down 24% to 66 185 employees as of 30 September.

E-tailer Superbalist faces retrenchments

The Takealot Group subsidiary embarks on a Section 189 process, which will lead to the restructuring of its business.

Rain 'transforms' Joburg hub with ‘minimal’ job cuts

The company converts its Johannesburg office into a regional office and some positions will be impacted by the move.

Facebook parent Meta to retrench 10 000 more employees

CEO Mark Zuckeberg announces a second round of job cuts, as the company faces declining revenues.