Tag: Job Cuts
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Public Servants Brace for Possible Job Cuts as New Year Begins
Overview: What to Expect as the New Year Starts As federal employees return from the holiday break, many public servants in Canada are bracing for announcements about potential job reductions. Several major departments, including Immigration, Refugees and Citizenship; Environment and Climate Change; and Employment and Social Development, are anticipated to set out plans that could…
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Federal Public Servants Brace for Job Cuts in the New Year
Overview: A Quiet Start to a Potential Wave of Reductions As federal employees prepare to return from holiday breaks, many are bracing for announcements about workforce reductions. The coming year is expected to bring job cuts in several departments, with agencies like Immigration, Refugees and Citizenship Canada, Environment and Climate Change Canada, and Employment and…
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Public Servants Brace for Job-Cut Announcements in the New Year
Public Servants Brace for Job-Cut Announcements in the New Year As federal employees return from the holiday break, many are anticipating formal updates about workforce reductions across several departments. With the new year underway, Ottawa is preparing to release plans that could affect hundreds of public servants in key agencies, including Immigration, Refugees and Citizenship…
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Hundreds of public servants brace for job cuts as departments prepare to deliver news
Overview: Job cuts on the horizon for Canada’s public service As the calendar flips to the new year, hundreds of public servants across federal departments are poised to receive news about job cuts. The announcements come amid tighter budgets and shifting priorities, with departments such as Immigration, Refugees and Citizenship, Environment and Climate Change, and…
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CSIRO Receives Additional Funding Amid Plan to Cut Up to 350 Jobs
Overview: More Funding for CSIRO, but with Significant Job Losses on the Horizon The Australian government has approved a fresh wave of funding for the Commonwealth Scientific and Industrial Research Organisation (CSIRO) while confirming plans to proceed with up to 350 job cuts. The decision, disclosed during the Mid-Year Economic and Fiscal Outlook (MYEFO) process,…
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CSIRO Budget Boost but 350 Jobs on the Chopping Block as Federal Funding Arrives
Australia’s CSIRO Gets More Money, But Jobs Face Cuts The Australian National Science Agency, the Commonwealth Scientific and Industrial Research Organisation (CSIRO), will receive an additional infusion of federal funding as part of the Mid-Year Economic and Fiscal Outlook (MYEFO). The government has allocated an extra $233 million to bolster scientific work, innovation, and research…
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October Job Cuts Reach 22-Year High in the U.S.
Overview: A surge in October layoffs U.S.-based companies announced more than 153,000 job cuts in October, according to the latest data from Challenger, Gray & Christmas. The firm noted that this total marks the highest October count in more than two decades and stands out as the largest monthly layoff figure for the fourth quarter…
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October Job Cuts Climb to 22-Year High as U.S. Firms Resize Workforces
U.S. Job Cuts Reach 22-Year High in October U.S.-based companies continued to trim payrolls at a rapid pace in October, with the latest figures showing more than 153,000 announced layoffs. The number, reported by the research firm Challenger, Gray & Christmas, marks the highest monthly total for October in over two decades and the largest…
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Nestlé to axe 16,000 jobs as new chief targets growth
Nestlé announces substantial job cuts to speed up growth Nestlé, the world’s largest food and beverage company, said it will cut about 16,000 jobs over the next two years as part of a broader push to reduce costs and accelerate sales growth. The plan includes roughly 12,000 positions in white-collar professional roles and about 4,000…
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Otovo to Cut 88 Jobs as It Restructures Its Solar Rooftop Business
Otovo announces major restructuring and significant job cuts In a stock market filing, Otovo disclosed plans to reduce its workforce from 213 to 125 employees, eliminating 88 roles. The reductions affect several senior positions, including CFO Petter Ulset, Revenue Director Fabio Stefanini, and Marketing Director Sasha Berson. The move is described as part of a…