Browsing: workforce reduction

The restructuring strategy, formally named the Future Package, was negotiated between the executive leadership of Porsche and the General Works Council in coordination with the metalworkers union IG Metall and the employers association Südwestmetall. Executives emphasized that workforce reductions will be executed through socially responsible mechanisms, including expanded partial retirement programs, voluntary severance packages, and natural demographic attrition. Management explicitly ruled out compulsory redundancies through 2035, while extending existing site guarantees for five years. In exchange for labor concessions, the automaker committed 2.1 billion euros in capital investments dedicated to upgrading its assembly plant in Stuttgart-Zuffenhausen and its research facility in Weissach.

MicroStrategy cut 20% of its workforce as it doubled its bitcoin holdings in 2024, spending $22.1 billion on cryptocurrency while shedding 400 jobs across key departments.

Commerzbank will cut 3,900 jobs by 2028 while targeting a €2.4B profit in 2025, as part of a restructuring plan amid speculation over UniCredit’s increasing stake.

Meta is laying off 3,600 employees, or 5% of its workforce, as it continues restructuring in 2025. The layoffs, focused on “low performers,” impact multiple regions but exclude some EU countries.

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