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Corporate layoffs have ramped up in recent weeks. Here are the companies making cuts
- Corporate layoffs remain prevalent in the current economic climate, with companies seeking to reduce costs amidst economic uncertainties.
- Some companies attribute layoffs to factors like trade tensions, advances in artificial intelligence, and the need for operational efficiency.
- Procter & Gamble plans to cut 7,000 jobs, Microsoft to reduce its workforce by 6,000, and Citigroup to cut 3,500 positions in China.
- Walmart aims to eliminate 1,500 jobs, while Chegg plans to lay off 248 employees as AI-driven tools impact education.
- Cybersecurity firm CrowdStrike will cut 500 employees, and Amazon seeks to eliminate about 100 jobs in its devices and services division.
- Disney plans to cut several hundred employees globally across different divisions, while Warner Bros. Discovery will lay off fewer than 100 employees.
- Various companies are restructuring and consolidating roles to enhance competitiveness and adapt to evolving market dynamics.
- Leaders like Klarna, Shopify, and others indicate the use of AI as a key consideration in their workforce reduction strategies.
- The shift towards AI is reshaping industries and leading companies to rethink their hiring and operational models.
- These layoff announcements reflect a widespread trend among organizations to streamline operations and improve cost efficiency.
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