Facebook’s parent company Meta has decided to follow the examples of tech giants like Twitter and Microsoft to announce massive job cuts. Meta CEO Mark Zuckerburg said on Wednesday that the company will be firing over 11,000 employees following a severe dip in revenue.

'Sorry to those impacted': Facebook's parent company Meta fires more than 11,000 workers

Mark Zuckerberg-owned Meta will be laying off employees on Wednesday morning, the Wall Street Journal (WSJ) reported. The announcement was made by the CEO on Tuesday morning while addressing hundreds of executives at the company headquarters, foreshadowing large cuts.

Meta boss Mark Zuckerberg says mass layoffs to begin from Wednesday morning

The parent firm of the British Royal Mail postal service announced on Friday that it is looking to lay off up to 10,000 employees, blaming industrial action for significant financial losses.

UK's Royal Mail seeks to slash up to 10,000 jobs; attributes losses to industrial strike

US job openings fell by the most in just over two years in June as demand for workers eased in the retail and wholesale trade industries, but overall the labor market remains tight, allowing the Federal Reserve to continue raising interest rates.

US job openings at nine-month low

A major London tube strike is underway, it'll go on until Tuesday morning. The London underground is advising people not to travel if they can avoid doing so and to work from home if possible. At least, 4,000 staff members have walked out over issues around job cuts.

London: Tube strikes add to travel disruption, 4000 staff members walk out over job cuts issue

Tesla CEO Elon Musk intends to cut about 10% of jobs in the company as has a "super bad feeling" about the economy, he said in an email to executives on Thursday.

Elon Musk may cut 10% jobs in Tesla, he has 'super bad feeling' about economy

Boeing Co unveiled a fourth straight quarterly loss and deeper job cuts on Wednesday as the coronavirus pandemic and the lengthy grounding of its 737 MAX continued to hammer revenue.

Boeing deepens job cuts as twin crises extend losses

According to a World Economic Forum (WEF) study, robots will destroy 85 million jobs as the coronavirus pandemic brings about changes in the workplace worldwide.

Robots will destroy 85 million jobs as pandemic shifts labour demand: Study

Thousands of Airbus workers marched alongside an airport runway in the south of France and gathered in front of a plant in the country's west on Wednesday (July 8) to protest against plans to cut up to 15,000 jobs.

Thousands of Airbus workers in France march in protest over job cuts

European plane-maker Airbus said Wednesday it planned to cut 2,362 jobs in its Defence and Space division over the next two years. Airbus cited a "flat space market and postponed contracts on the defence side" for the decision to cut 829 jobs in Germany, 630 in Spain, 404 in France and 357 in Britain.

Airbus to cut jobs in defence & space division

Companies across the board are planning to lay off employees in hundreds and thousands. There is no confidence in the global economic situation. Now, Coronavirus too is rearing its head, threatening to collapse the world's factory - China.

How 2020 is turning out to be the year of job cuts

HSBC Bank to cut 15% of total global workforce. Bank operates in 64 countries. There would be “meaningful” job cuts in the UK, mainly affecting its head office operations and global banks and markets business.

HSBC bank plans massive job cut

Thyssenkrupp will make sweeping job cuts and give an update on the new company structure in November, the company's new Chief Executive Martina Merz told employees on Wednesday.

Thyssenkrupp CEO announces sweeping job cuts

Jaguar Land Rover is set to announce up to 5,000 job cuts on Thursday, the BBC reported, after being buffeted by slumping sales in China and concerns over Brexit.

Jaguar Land Rover to cut 5,000 UK jobs: Report

About 14,000 people work at AOL and Yahoo

Verizon expected to cut 2,000 jobs at Yahoo, AOL

Four out of every five employees at Lloyds, who received a $27 bailout in 2009, were reportedly working unpaid overtime every week

Lloyds to axe 640 jobs in cost-cutting drive

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