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AT&T Inc plans to lay off more than 3,400 technician and clerical jobs across the country. The U.S. telecom and media giant also plans to permanently close over 250 stores, which would impact about 1,300 retail jobs. The job cuts are part of the company’s effort to focus on growth areas and address customer demand for some legacy products. US carmaker Ford Motor is to cut up to 8,000 jobs to reduce costs and intensify its focus on electric vehicles. The majority of the job cuts are expected to be among Ford’s salaried ranks in the United States, as well as the Ford Blue unit created in March to run the company’s internal combustion engine operations.
3M had laid off 1,700 workers during its second-quarter — with many of the jobs related to the company’s divested drug delivery business. Commerzbank is to cut 1700 jobs in Germany in a voluntary redundancy programme to be completed by the end of the year. The cuts mark the start of a three-year cost reduction programme announced in January that will lead to the loss of 10,000 jobs and the closure of 340 branches by 2024. The 140-year old credit company Provident Financial is withdrawing from doorstep lending, putting over 2,100 jobs at risk. The company plans to focus on the group’s profitable credit card and unsecured personal loan division Vanquis Bank, and its car finance business Moneybarn. Viatris, formerly known as Mylan Pharmaceuticals, is closing its manufacturing facility in Morgantown, West Virginia, eliminating more than 1,400 jobs.
CVS Health
US jet engine-maker Pratt & Whitney is set to stop manufacturing compressor blades at Blades Technology Ltd. in Nahariya after more than 40 years. An Edward R. Murrow Award-winning series explores the high costs of the pandemic for children and young adults. Sunrise and sunset moments are considered while calculating geometric values of sunrise and sunset.
SPRINGFIELD, Mass. (WGGB/WSHM) -On Monday, nearly 60 Trinity Health At Home employees will be laid off. OSHA's COVID-19 Safety and Health Topics page provides specific information about protecting workers from coronavirus during the ongoing outbreak. American Airlines Group is laying off over 19,000 employees as scheduled, in addition to thousands more who left the company or agreed to voluntary furloughs. According to the auto giant, it is making savings to invest in new technologies, as EU regulators crack down on emissions. It had closed its bases in Madrid and Mallorca prior to the COVID-19 pandemic.
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Online coding provider WhiteHat Jr, the platform under edtech giant BYJU’s umbrella, has laid off around 300 employees, after more than 1,000 of its employees resigned. Agritech startup DeHaat is the latest startup to resort to layoffs, laying off around 500 people. The layoffs, however, came less than a year after the company raised $115 million. Cryptocurrency exchange Crypto.com has laid off around 260 employees, or 5 percent of its workforce, due to the widespread downturn in the crypto market.
Apogee Enterrises is expected to reduce the company’s workforce by approximately 400 employees. The automotive manufacturing company is cutting 1800 jobs at its Windsor auto assembly plant. Formerly known as Fiat Chrysler the company has cited microchip shortage that has impacted not just the auto industry, but other industries as well, for the job cuts. The company said it would transition the Windsor Assembly Plant from two shifts to one. GoStudent, Europe’s first edtech unicorn, is laying off 200 employees — about 10% of its workforce. The Vienna-based startup is backed by investment giants like SoftBank, Coatue and Tencent.
Pandemic-Driven Home Health Shifts Trigger Therapy Layoffs …
Lufthansa has reached a new deal with the trade union, Verdi, to cut 200 million euros (£178 million) in costs in return for making no compulsory redundancies in 2021. Airbus will lay off about 15,000 employees – more than 10% of its workforce, over the next 12 months. Airbus has to cut more jobs to sustain itself and is trying to reduce the number of layoffs through long-term partial employment, voluntary departures, and early retirement programs. Pret a Manger, the sandwich shop chain will cut around 2,800 jobs in stores, and around 90 support staff, on August 31st.
Stryker will close its Florida facility and move these operations to other Stryker locations. Spectrum Pharmaceuticals will reduce its workforce by approximately 30% due to strategic restructuring. The company said that the physical footprint of selected facilities will be significantly reduced in 2022.
Debenhams, the British clothing retailer, will shut down all of its 124 stores in Britain, impacting the jobs of 12,000 employees. The department store chain is now set to enter liquidation, which means it will cease to exist as a company. Banco Santander SA, a leading retail and commercial bank, plans to lay off as many as 3,572 jobs in Spain. The company has signed an agreement to this effect and will close 1,033 branches in the country, the CCOO union said in a statement. Lufthansa subsidiary Swiss is cutting its fleet by 15% and its workforce by up to 780 more people, as it responds to the collapse in passenger numbers caused by the coronavirus pandemic. Under the restructuring, Swiss will reduce its fleet of 90 planes which it operates under its own name and the Helvetic brand by 15%.
These savings will offset increased investments in R&D, future capabilities and costs related to salary inflation. Spain’s second-largest bank BBVA is planning to shed 3,800 jobs, affecting 16 percent of its staff. Office Depot is planning to close stores and lay off around 13,100 employees by 2023. It plans to restructure and realign their operational focus to support ‘business-to-business’ solutions and IT services business units and improve costs.
The company is encouraging laid-off employees to apply for open positions within the company. Clear, the India-based fintech SaaS platform has joined the list of startups resorting to downsizing amid a decline in funding this year. The Kora Capital-backed startup laid off 200 employees, around 20% of its workforce across departments, including tech, product, sales, support team among others. Hard drive maker Seagate Technology plans to cut 8% of its global workforce, or about 3,000 employees, citing economic uncertainty and declining demand for its parts. German automotive supplier Schaeffler plans to cut 1,300 jobs, or 1.6% of its global workforce, as the sector grapples with the shift from combustion engines to electric vehicles. The workforce reductions come as the online used-car retailer faces economic slowdown and an uncertain future.
Refraction is not considered in Geometric sunrise, which is different from Observational sunrise. The latter marks sunrise moments when the upper limb of the Sun becomes visible at the Eastern Horizon, while Geometric sunrise marks sunrise moments when the middle of the Sun is visible at the Eastern Horizon. Although, there is no problem in continuing daily activities already started in an auspicious muhurat. Things not to be done in Rahu Kaal include- Marriage rituals, Griha Pravesh, Puja and Anushthan, Starting a new business, and other auspicious things. Only death rituals and ceremonies are performed during the Yamagandam muhurat. Any activity started in this time invites destitute of the work or other aspects related to it.
French train maker Alstom plans to cut up to 1,300 of its roughly 10,000 jobs in Germany over the next three years as part of a restructuring after the purchase of Bombardier’s rail unit. Primark, the High Street discount retailer will cut over 400 roles from its 191 UK stores in response to rising cost pressures and as sales remain below pre-pandemic levels. Unilever will cut about 1,500 management roles globally as part of a reorganization aimed at boosting growth. The company came under pressure from shareholders after its stock dipped 10% last year. Nestle plans to shut its confectionery factory in Newcastle with the loss of 474 jobs. The global food manufacturer is holding talks with employees at the Fawdon plant but the focus was now on closing it in 2023.
The U.S. consumer investing and trading service company, which went public in July 2021, saw the company lose 8.75% in trading in light of its layoff announcement. The firm will also close and sell its 88,000-square-foot R&D facility in Hyderabad, India, and end its collaboration with SFJ Pharmaceuticals, based in Pleasanton. Coinbase will extend its hiring freeze and revoke accepted offers from some candidates who haven’t started their roles yet. The third-largest crypto exchange by volume, Coinbase began to slow hiring two weeks ago, but this move is more drastic. OneTrust has laid off 950 employees, or about 25 percent of its workforce, as part of a reorganization despite record quarters and increasing customer demand.
The clothing retailer Ralph Lauren will let go 15%, more than 3,600 workers of its global workforce as part of a broad reorganization, which will help reduce costs by $180 million to $200 million. John Lewis laid off 1,500 office jobs as part of its effort to make £300 million in annual cost savings and return to profitability. It is also closing eight of the John Lewis department stores and four Waitrose supermarkets.
Royal Mail is set to lay off around 700 management jobs as part of cost-cutting plans. The management will start negotiations with unions over the proposed job losses. Edtech unicorn Unacademy has laid off around 600 employees, including its on-roll staff and contractual educators. The layoffs were part of the restructuring to cut costs amid an impending slowdown in venture funding and tightening of the overall economic environment. Ford Motor is laying off its salaried and contract employees and about 580 staff are affected.
