Close Menu

Browsing: Tobias Lutke

Shopify cuts workforce by 20 percent, sells logistics arm to Flexport for equity stake

Business May 4, 2023

Shopify has announced plans to reduce its workforce by 20%, impacting over 2,000 employees, and has agreed to sell its…

Porsche to cut 5000 more jobs under restructuring plan

Automotive July 28, 2026

The decision brings total planned job eliminations across the company to approximately 9,000 positions, representing roughly 21 percent of its 42,066 workforce. Company leadership confirmed that Porsche to cut 5,000 more jobs under restructuring plan negotiations following months of talks between management and labor councils. The initiative aims to bolster operational efficiency as the vehicle producer confronts declining market share in Asia, elevated global tariffs, and sluggish demand for electric vehicles.

What's Hot

Porsche to cut 5000 more jobs under restructuring plan

Senate crypto bill faces pushback over conflict of interest rules

The Lebanese American University Ranks 3rd Globally for UN Sustainable Development Goal 1

Browsing: Tobias Lutke

Shopify cuts workforce by 20 percent, sells logistics arm to Flexport for equity stake

Porsche to cut 5000 more jobs under restructuring plan

Senate crypto bill faces pushback over conflict of interest rules

May foreign tourist arrivals drive South Korea travel surplus

Extreme heat wave triggers emergency alerts across Daegu

Heat intensifies severe drought across European nations

Amazon wildfires in Brazil fall to lowest level in four decades

Private sector wage growth hits six year low in latest UK data

UN urges fair rules for artificial intelligence worldwide

Subscribe to Updates

What's Hot

Browsing: Tobias Lutke