Job cuts

Deals/Contracts/Partnerships

EIIR Provider Solutions/Capabalities

  • 1

    Challenges in aerospace engineering services continue.Here is AKKA job cut updates because of challenges in Aerospace engineering services sector.France: possible 900 jobs cut.Germany: Initially plan was 1200 job cuts but ultimately led to 800 job cuts.

    Q1(Jan-feb-Mar), 2021

  • 2

    IBM and T-System are closing their Global Delivery Centers in Malaysia.

    Q1(Jan-feb-Mar), 2021

  • 3

    AKKA job cut updates because of challenges in Aerospace engineering services sector. France: possible 900 jobs cut. Germany: Initially plan was 1200 job cuts but ultimately led to 800 job cuts.

    Q4(Oct-Nov-Dec), 2020

EIIR Buyer GIC/R&D Best Practices/Solutions

  • 1

    Corning lays off dozens of employees in Israel R&D center

    Q2(Apr-May-Jun), 2021

  • 2

    Boeing is closing down its Seattle R&D center for cost control. This center does research on composites. A decade back it had planned for 900 employees which reduced to 29 now. One trend to watch is whether Boeing will look for cost takeout of its R&D centers with the help of engineering service providers? Boeing has 11 R&D centers in Australia, Brazil, China, Europe, India, Russia and the USA.

    Q1(Jan-feb-Mar), 2021

  • 3

    DJI to downsize Silicon Valley R&D hub.

    Q1(Jan-feb-Mar), 2021

  • 4

    McAfee Shutting Down Its Israeli Development Center, 60 Laid Off.

    Q1(Jan-feb-Mar), 2021

Other News

  • 1

    Vodafone Spain plans to cut up to 515 jobs amid intense competition

    Q3(Jul-Aug-Sep), 2021

  • 2

    Panasonic is shutting down its refrigeration compressor manufacturing operations in Singapore, resulting in the layoff of some 700 workers. However, its global headquarters for the refrigeration compressor business and research and development (R&D) activ

    Q3(Jul-Aug-Sep), 2021

  • 3

    IoT security startup Particle in trouble. It laid off 10% of its workforce.

    Q1(Jan-feb-Mar), 2021

  • 4

    Nokia likely to cut 2,000 jobs in India. The company has its global network operating center (NOC) in Noida, an R&D center in Bengaluru, a manufacturing unit in Chennai, and the India head office in Gurgaon. As per estimates, the company has over 16,000 employees in the country.

    Q1(Jan-feb-Mar), 2021

  • 5

    Nokia to shed up to 10,000 jobs in a bid to fund future capabilities. Cost take out where ever possible for funding R&D and new capabilities.

    Q1(Jan-feb-Mar), 2021

  • 6

    Volkswagen will shed up to 5,000 jobs as part of cost-cutting to finance its transition to electric vehicles.

    Q1(Jan-feb-Mar), 2021

  • 7

    Honda Will Stop Selling Cars in Russia from 2022, Will Continue Two-Wheeler Sales.

    Q4(Oct-Nov-Dec), 2020

  • 8

    ExxonMobil plans reduction to European staffing levels. It is anticipated that up to 1,600 positions would be impacted.

    Q4(Oct-Nov-Dec), 2020

  • 9

    France SocieteGenerale to shut 600 branches as it merges two retail banking networks. Will this merger and consolidation create large deal/ carve out opportunity for IT service providers.

    Q4(Oct-Nov-Dec), 2020

  • 10

    Honda closes its factory in Greater Noida, India. They have a larger facility in Alwar which will continue.

    Q4(Oct-Nov-Dec), 2020

  • 11

    Mercedes-Benz sells passenger-car plant in Hambach, France to INEOS Automotive

    Q4(Oct-Nov-Dec), 2020

  • 12

    Retail store closure in UK accelerated by pandemic. A record number of shops closed on UK high streets during the first half of this year. Some 11,120 chain store outlets shut although 5,000 shops opened during the same period resulting in a net decline of 6,001 stores.

    Q4(Oct-Nov-Dec), 2020

  • 13

    Warner Media plans thousands of job cuts in restructuring as it seeks to cut costs by up to 20%.

    Q4(Oct-Nov-Dec), 2020

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