The World Opinion

Tag: Layoffs 2024

  • Toshiba Announces Layoffs, To Cut Around 5,000 Jobs |

    New Delhi: Layoffs that started last year are not stopping yet. Daily, you may have encountered the news of the layoffs. After prominent companies such as Google, Amazon, and more, Toshiba, a prominent manufacturer of personal computers, consumer electronics, and home appliances, is gearing up to trim its workforce.

    How Much Workforce Will Be Affected?

    The manufacturer decided to restructure the workforce in Japan by seven percent, which amounts to around 5,000 job cuts. (Also Read: Paytm Initiates Customer Migration To Partner Banks For UPI Services)

    Reason Behind Layoffs

    Once a major employer in the nation, Toshiba’s restructuring move aims to streamline operations and reduce costs in non-core business areas, as reported by Nikkei. (Also Read: Viral Video: Zomato Boy Delivering Food On Harley-Davidson Surfaces Online — Watch)

    Impact On Workforce

    Toshiba, currently employing around 65,000 individuals in Japan, is bracing for one of its largest layoffs since 2015 if the plan is executed. The 2015 layoffs, amounting to 7000 job cuts, were a result of accounting irregularities.

    Focus Areas

    The company’s restructuring strategy is geared towards focusing on its infrastructure and digital technology business while streamlining operations in other areas.

    This move comes amid a broader trend of major companies in Japan, such as Shiseido, Omron, and Konica Minolta, also implementing layoffs and announcing plans for further reductions.

    Global Layoff Trends

    The layoffs at Toshiba coincide with similar actions by global giants like Amazon and Google, which have also announced significant job cuts recently.

    Company Response

    In response to inquiries, a report stated, “The restructuring plan is a key aspect of Toshiba’s efforts to enhance profitability, as part of its midterm management plan set to be unveiled in May.”

    Additionally, the report mentioned, “The company will engage in discussions with its labor union starting in May to determine the number of positions to be eliminated in each business unit.”

  • Amazon Fires Hundreds Of Employees In Cloud Computing Division Layoffs |

    New Delhi: In a cost-cutting measure, Amazon has garnered attention for its ongoing layoffs across various departments. Following reports of stagnant base pay for senior employees, the tech giant has now announced the dismissal of hundreds of employees from its cloud computing division, Amazon Web Services (AWS).

    Restructuring At Amazon Web Services

    Reports indicate that Amazon Web Services is going through restructuring. This strategic realignment aims to refocus efforts on key areas, according to a spokesperson from AWS. (Also Read: Customer Get Delayed Food Delivery On Tuesday, Swiggy Blames ‘Weekend Peak Hour’, Chat Goes Viral)

    Which Department’s Employees Will Be Impacted?

    This move resulted in the termination of hundreds of employees across its physical stores’ technology, sales, and marketing divisions. (Also Read: Security Alert For Android Users! Indian Govt Issued High-Risk Warning: Read More)

    What Officials Said About Ongoing Challenges?

    Matt Garman, AWS senior vice president, acknowledged the difficulty of these decisions, stating, “Change can be difficult.” Garman shed light on the company’s need to remain agile in a rapidly evolving industry.

    “We operate in an incredibly fast-moving industry, and it is important that we stay agile as an organization. The changes we are making are preparing the organization for the future, aligning with our strategy and priorities, and reducing duplication and inefficiency. recognize the effect this has on every individual impacted,” he added.

    Dilip Kumar, Vice President of AWS Applications, addressed affected employees, mentioning that layoffs would impact teams handling identity and checkout functions within the Physical Stores Technology organization at AWS.

    “We’ve learned a lot through the launch of identity and checkout technologies in our large format Amazon Fresh stores, and have good customer feedback to inform our plans going forward. We are also expanding our identity and checkout technologies in smaller-format 1P [first-party] stores, and growing our third-party locations,” he added.

    Previous Layoffs

    These layoffs are the latest in Amazon’s ongoing restructuring efforts, which began with substantial layoffs in 2022 and continued into 2023, affecting various business units, including Twitch, Audible, and Prime Video.

  • Licious Is Latest To Join Layoffs Spree; To Cut 3% Of Its Workforce

    The Bengaluru-based company, which boasted a workforce of around 3,000 employees as of January, stated that this strategic realignment is part of its efforts to streamline operations.