Stellantis announced in a press release that Purchasing Director Maxime Picat has departed from his position. Picat is seen as one of the top candidates to lead another automaker, Renault.  Last week, Renault's CEO Luca de Meo revealed his intention to resign on July 15 and pursue new...

Renault's CEO Luca de Meo has revealed his choice to resign and pursue new opportunities beyond the automotive industry, reads a press statement from the French car manufacturer. De Meo held this position for five years. He will depart from the company on July 15 and will maintain his...

According to CNBC, U.S. Google, a subsidiary of Alphabet Inc., has provided employees from specific divisions severance packages in return for voluntary resignation. Among other aspects, the measures address the so-called knowledge and information sector (K&I), which encompasses experts in...

American Walmart Inc., the largest retailer in the U.S., intends to eliminate 1.5 thousand office positions in the country as part of a strategy to streamline expenses and accelerate decision-making, according to The Wall Street Journal, which references a source. The firm informed its staff that...

Spain's Industria de Diseno Textil SA (Inditex), a leading global apparel retailer, announced that it is replacing its chief financial officer. The new CFO will be Andres Sanchez Iglesias, who is presently the tax director. He follows Ignacio Fernandez Fernandez, who is transitioning to Inditex as...

American technology giant Microsoft Corp. intends to reduce its workforce by 3%, writes CNBC citing a statement from the company's spokesperson. The reductions will impact every division and will influence workers at all tiers. As per the yearly report provided by Microsoft to the Securities and...

Swiss UBS Group AG intends to reduce 180 positions in Italy as part of integrating the operations of its recently acquired competitor Credit Suisse. The financial firm informed Italian labor union representatives about its plan to reduce 162 positions in the asset management sector of UBS Europe...

The British telecommunications and media firm Sky plans to shut down three of its ten call centers in the UK, which could result in layoffs of as many as 2,000 employees. According to the company's report, approximately 7% of the employees will be impacted by the layoffs. Sky intends to shut down...

Chevron, an American oil and gas firm, intends to reduce its workforce by 15% to 20% by the close of 2026. The firm employs roughly 40 thousand people, indicating it plans to eliminate as many as 8 thousand positions. The layoffs are part of Chevron's strategy to lower expenses and streamline the...