Commerzbank raises 2030 targets and plans 3,000-job reduction amid UniCredit takeover bid Commerzbank boosts 2030 goals and plans about 3,000 job cuts as it pushes back against a UniCredit takeover …
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DeepL announces 250 job cuts in AI-driven restructuring after rapid growth
by Leo Müllerby Leo MüllerDeepL layoffs: Cologne AI firm to cut 250 jobs as CEO cites structural shift driven by artificial intelligence DeepL layoffs: Cologne-based AI company will cut 250 positions as CEO Jarek …
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Daimler Truck posts 80 percent profit plunge, plans 5,000 German job cuts
by Leo Müllerby Leo MüllerDaimler Truck Q1 Profit Plunges 80% as North American Weakness Hits Sales Daimler Truck reports an 80% fall in first-quarter profit to €149 million, with revenue down 13% to €9.98 …
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Meta announces 8,000 job cuts as AI efficiency fuels record investment plans
by Leo Müllerby Leo MüllerAI layoffs reshape big tech as Meta, Amazon and Microsoft cut office roles amid massive AI spending Major tech companies are enacting AI layoffs even as they pour billions into …
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German government spares general sick pay cuts, ties reductions to job loss
by Leo Müllerby Leo MüllerGerman government revises GKV savings package, drops general sick-pay cut German GKV savings package revised: broad sick-pay cut dropped; reductions only if employment ends during sick pay. Sugar levy from …
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Meta layoffs to cut about 8,000 jobs as company prioritizes AI spending Meta layoffs will cut roughly 8,000 jobs as the company reshapes to fund large AI infrastructure spending; about …