job cut

Fiat Chrysler to Lay Off 1,300 Workers in Michigan, Investing More on Light Truck Productions

Fiat Chrysler is announcing a 1,300 job cuts as a result of the company’s decision to focus on producing light trucks and SUVs. American automakers are reportedly struggling to make money on other car models, such as sedan recently.

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GoPro Cuts Workforce Following Poor Sales Revenue Outlook in Fourth Quarter

GoPro Inc., Sun Mateo, California based company is going to cut 7% people out of its 1500 employees following poor sales revenue in Q4. Some technical issues have been blamed for sluggish sales during the fourth quarter from the action camera maker’s behalf. But the company axes over the employees to restructure expenses. However, analysts presume, the fall in sales revenue may not be up to that magnitude.

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Kraft Heinz terminates 2,500 jobs in the U.S. and Canada to save costs

Kraft Heinz is cutting 2,500 jobs in the U.S. and Canada, including 700 of its workforce in Northfield, Illinois in order to cut expenses.

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