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Job cuts

Deals/Contracts/Partnerships

EIIR Provider Solutions/Capabalities

  • 1

    Industry 4.0 Unicorn Augury laying off 5% of team

    Q1(Jan-Feb-Mar), 2023

  • 2

    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

  • 3

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

    Q1(Jan-feb-Mar), 2021

  • 4

    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

    HP is streamlining its digital printing activities in Israel by making Scitex part of the HP Indigo Division. As part of the process, 60 people will lose their jobs, mainly in development.

    Q4(Oct-Nov-Dec), 2022

  • 2

    U.S. chipmaker Marvell cutting some R&D roles in China. In China, it will focus on R&D investments on local customers and the China market. Several of its business units and functions are announcing changes to their global location strategy that will resu

    Q4(Oct-Nov-Dec), 2022

  • 3

    HP is streamlining its digital printing activities in Israel by making Scitex part of the HP Indigo Division. As part of the process, 60 people will lose their jobs, mainly in development.

    Q4(Oct-Nov-Dec), 2022

  • 4

    U.S. chipmaker Marvell cutting some R&D roles in China. In China, it will focus on R&D investments on local customers and the China market. Several of its business units and functions are announcing changes to their global location strategy that will resu

    Q4(Oct-Nov-Dec), 2022

  • 5

    Cybersecurity Unicorn Varonis is laying off 5% of its workforce, amounting to a total of around 110 employees. Half of those being laid off are employed in the company?s R&D center in Israel.

    Q4(Oct-Nov-Dec), 2022

  • 6

    Intel is planning to cut 20% of its staff

    Q4(Oct-Nov-Dec), 2022

  • 7

    Mass layoffs at Twitter.

    Q4(Oct-Nov-Dec), 2022

  • 8

    Pony.ai, a leading autonomous driving company which operates both in China and the U.S., is adjusting its internal structures, which includes laying off employees in China and US

    Q4(Oct-Nov-Dec), 2022

  • 9

    Amazon to layoff 10,000 people. Devices team impacted.

    Q4(Oct-Nov-Dec), 2022

  • 10

    HP will eliminate 6,000 jobs about 10% o its workforce over the next three years amid declining demand for personal computers

    Q4(Oct-Nov-Dec), 2022

  • 11

    Airspan a 5G O-RAN vendor is laying of 10% of its R&D workforce in Israel.

    Q3(Jul-Aug-Sep), 2022

  • 12

    Alibaba closes R&D center in Israel.

    Q3(Jul-Aug-Sep), 2022

  • 13

    Parallel Wireless set to lay off a quarter of its employees in Israel. The company announced earlier this year that it intended to expand its Israel headquarters and recruit an additional 100 employees.

    Q3(Jul-Aug-Sep), 2022

  • 14

    AID Genomics has announced that it is stopping its R&D activity in Israel and halting future investments in the country, resulting in the layoff of 400 employees.

    Q3(Jul-Aug-Sep), 2022

  • 15

    Asurion shutting down Israel R&D center Soluto, lays off all 120 employees

    Q3(Jul-Aug-Sep), 2022

  • 16

    Ola to lay off at least 500 employees across software teams. Many of these employees are believed to have been working on different aspects of the Ola app.

    Q3(Jul-Aug-Sep), 2022

  • 17

    Shopee will cut about 3 percent of its employees in Indonesia as part of the restructuring, which involves marketing, operations and technology teams.

    Q3(Jul-Aug-Sep), 2022

  • 18

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

    Q2(Apr-May-Jun), 2021

  • 19

    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

  • 20

    DJI to downsize Silicon Valley R&D hub.

    Q1(Jan-feb-Mar), 2021

  • 21

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

    Q1(Jan-feb-Mar), 2021

Other News

  • 1

    Amdocs has decided to cut its workforce by 3%, laying off a total of 700 employees,

    Q1(Jan-Feb-Mar), 2023

  • 2

    Coinbase is laying off 950 employees, or 20% of its staff.

    Q1(Jan-Feb-Mar), 2023

  • 3

    Israeli-founded cybersecurity company Forescout Technologies is laying off around 100 of its 170 employees at its Israel R&D center, accounting for 10% of its total workforce.

    Q1(Jan-Feb-Mar), 2023

  • 4

    Pegasystems is laying off 4 per cent of its over 6,000-strong workforce, as recession fears loom in 2023

    Q1(Jan-Feb-Mar), 2023

  • 5

    Capital One scraps 1,100 tech positions. It dismantles its agile group.

    Q1(Jan-Feb-Mar), 2023

  • 6

    Microsoft plans to lay off 10,000 employees as part of broader cost-cutting measure

    Q1(Jan-Feb-Mar), 2023

  • 7

    Software firm Scale AI lays off 20% of workforce.

    Q1(Jan-Feb-Mar), 2023

  • 8

    Fintech giant Finastra is laying off dozens of the 370 people it employs in Israel R&D center.

    Q1(Jan-Feb-Mar), 2023

  • 9

    EPAM sacks 100 in India, revokes offers.

    Q4(Oct-Nov-Dec), 2022

  • 10

    GE is slashing jobs at its onshore wind turbine manufacturing business in a restructuring of its key renewable energy unit to counter mounting losses. GE will reduce its US onshore wind workforce by 20%, equating to hundreds of staff. Cuts are also planne

    Q4(Oct-Nov-Dec), 2022

  • 11

    Intel-owned Israeli artificial intelligence chip developer Habana Labs announced that it was laying off around 100 employees.

    Q4(Oct-Nov-Dec), 2022

  • 12

    Self driving trucking company TuSimple plans to potentially cut half of its workforce.

    Q4(Oct-Nov-Dec), 2022

  • 13

    Shopify will lay off 10% of workers. It made the wrong bet on the pandemic-fueled boom in e-commerce growth lasting. Now consumers are returning to retail stores.

    Q3(Jul-Aug-Sep), 2022

  • 14

    Vimeo slashes workforce by 6%, including in Israel R&D center.

    Q3(Jul-Aug-Sep), 2022

  • 15

    Ford is cutting 3,000 corporate jobs as part of its shift to EVs. 2000 jobs are salaried positions and another 1,000 are contractors.

    Q3(Jul-Aug-Sep), 2022

  • 16

    Oracle lays off employees globally, including India.

    Q3(Jul-Aug-Sep), 2022

  • 17

    Snap sacks dozens of employees in Israel, to close Herzliya R&D center.

    Q3(Jul-Aug-Sep), 2022

  • 18

    More layoffs at Meta. It is reportedly putting some workers onto a '30-day list' that gives them a month to find a new role at the company ? or leave.

    Q3(Jul-Aug-Sep), 2022

  • 19

    Ford cuts 580 U.S. salaried and contract employees mostly in ICE engineering as it restructures to focus on EVs.

    Q2(Apr-May-Jun), 2022

  • 20

    Cybereason laying off 100 employees in Israel, U.S. and Europe.

    Q2(Apr-May-Jun), 2022

  • 21

    Virgin Hyperloop lays off 111 staffers as it abandons plans for passenger transport. The simpler world of cargo shifting is its new priority.

    Q1(Jan-Feb-Mar), 2022

  • 22

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

    Q3(Jul-Aug-Sep), 2021

  • 23

    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

  • 24

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

    Q1(Jan-feb-Mar), 2021

  • 25

    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

  • 26

    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

  • 27

    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

  • 28

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

    Q4(Oct-Nov-Dec), 2020

  • 29

    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

  • 30

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

    Q4(Oct-Nov-Dec), 2020

  • 31

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

    Q4(Oct-Nov-Dec), 2020

  • 32

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

    Q4(Oct-Nov-Dec), 2020

  • 33

    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

  • 34

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

    Q4(Oct-Nov-Dec), 2020

Jobs

Pareekh Jain

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This data is based on secondary research and our estimates. If you find any discrepancy please write to info@eiirtrend.com

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