corporate-restructuring
Latest stories covering corporate-restructuring, with summaries and links to related coverage.
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Uber cuts 23% of people division as new president takes over
news
1 min read
Uber Technologies Inc. is reducing its People and Places division by 23%, impacting senior roles in human resources, recruitment, and workplace facilities. This decision, made by newly appointed president Jill Hazelbaker, affects less than 1% of Uber's global workforce of 34,000 employees.
GM just laid off IT workers to hire those with stronger AI skills
news
2 min read
General Motors has laid off over 600 employees, more than 10% of its IT department, to hire workers with stronger AI skills. The company aims to transform its Information Technology division to better align with future needs.
Layoffs at Block
news
3 min read
The company is reducing its workforce by nearly half, from over 10,000 employees to just under 6,000. Affected employees will receive a severance package of 20 weeks' salary plus an additional week for each year of service.