Sugmsoft.com

In 2024, slower-than-expected sales of gas-powered and fully electric vehicles led automakers to scale back production, resulting in industry-wide job cuts. These layoffs affected EV producers, technology startups, and established OEMs, impacting roles across all levels—from hourly assembly line workers represented by the United Auto Workers to executives and salaried employees. However, in 2025 the automotive industry forecast suggests that layoffs may continue, albeit at a potentially slower pace, as automakers focus on stabilizing production levels and aligning with market demand. #CEO #ai #aiadvancements #aiadoption #digitaltransformation #ceoguide #ceotips #ceotalk #ciocommunity #cioinsights #ceo #leadershipadvice #leaders #leadership #jobalerts #jobforyou #jobhiring #job #jobapportunity #jobavailable #hiring #layoff #jobboard #jobalert #jobchangers #layoffs2023 #layoff2024 #lookingforajob #lookingfornewopportunities #lookingfortalent #lookingforemployment #lookingahead #lookingforwork https://lnkd.in/e_v3BWWK

MedTech Layoffs and 2025 Outlook !! As per analyst in the article, Over 14,000 layoffs occurred across the medtech industry between January 2023 and mid-2024. Diagnostics saw significant reductions following decreased demand post-COVID-19. Broader cuts are happening across roles in larger companies as they restructure and right-size. Profitability pressures, M&A activity, and portfolio reshuffling are driving layoffs. Rising investor demands for profitability and cash flow have affected both large and early-stage companies. Layoffs are likely to continue into 2025, driven by ongoing margin pressures and M&A activity. However, the pace of job cuts is expected to slow as the industry stabilizes. #CEO #ai #aiadvancements #aiadoption #digitaltransformation #ceoguide #ceotips #ceotalk #ciocommunity #cioinsights #ceo #leadershipadvice #leaders #leadership #jobalerts #jobforyou #jobhiring #job #jobapportunity #jobavailable #hiring #layoff #jobboard #jobalert #jobchangers #layoffs2023 #layoff2024 #lookingforajob #lookingfornewopportunities #lookingfortalent #lookingforemployment #lookingahead #lookingforwork https://lnkd.in/gnK5xqKY

Layoff Updates - WKW North America LLC, USA WKW North America is laying off 140 in Alabama in 1 of the 3 of the North America branch. The layoff will be effective effective as of Feb. 7, 2025. Portland State University's, USA Portland State University's (PSU) is laying off 17 non-tenure track faculty, citing “changes in programmatic and curricular needs. Mersen Manufacturing, USA Mersen Manufacturing plant announced that it is set to furlough 80% of its workers in Columbia. However, 25% of its workforce was permanently laid off as of Dec. 15. Boston Dynamics, USA Boston Dynamics - a engineering and robotics design company has laid off 45 employees. The spokesperson communicated that layoff affects nearly every function throughout the business. McKesson Medical-Surgical Inc, USA McKesson Medical-Surgical - a distributor of medical supplies plans to lay off 179 workers by early March. As per internal sources, they are part of plans to close McKesson’s Rock Hill facility. #CEO #ai #aiadvancements #aiadoption #digitaltransformation #ceoguide #ceotips #ceotalk #ciocommunity #cioinsights #ceo #leadershipadvice #leaders #leadership #jobalerts #jobforyou #jobhiring #job #jobapportunity #jobavailable #hiring #layoff #jobboard #jobalert #jobchangers #layoffs2023 #layoff2024 #lookingforajob #lookingfornewopportunities #lookingfortalent #lookingforemployment #lookingahead #lookingforwork

Unethical Practices in Employee Variable Pay Allocation !! When an employee joins a company, variable pay is included as part of their CTC. However, companies often link and redefine this variable pay as a performance bonus. The performance bonus calculation typically incorporates various parameters, including the company's topline revenue. This raises ethical concerns, as linking employee performance to overall company performance—where roles like delivery are primarily responsible for the bottom line—creates an imbalance. For instance, in many organizations, sales teams receive profit-sharing or commissions for every deal won. However, roles in delivery and other departments are excluded from this profit-sharing and are instead impacted by sales outcomes through their variable pay. This structure disproportionately affects employees whose responsibilities are unrelated to sales performance. In cases like Infosys, variable pay forms part of the CTC, but paying only 85% effectively means employees lose 15% of their promised compensation. Companies should ensure employees receive 100% of their variable pay. Instead, some selectively allocate this pay, as seems evident in Infosys' case, which is a practice seen across industries and raises serious ethical questions. #CEO #LeadershipDevelopment #leadership #leaders #ai #aiadvancements #aiadoption #digitaltransformation #ceoguide #ceotips #ceotalk #ciocommunity #cioinsights #ceo #leadershipadvice #leaders #leadership #jobalerts #jobforyou #jobhiring #job #jobapportunity #jobavailable #hiring #layoff #jobboard #jobalert #jobchangers #layoffs2023 #layoff2024 #lookingforajob #lookingfornewopportunities #lookingfortalent #lookingforemployment #lookingahead #lookingforwork

Layoff Updates - Freshworks, USA Freshworks - a US-based IT company has planned to layoff 660 employees in the US, India and other regions. As per spokesperson, this is aimed at improving operational efficiency and priorities. Nissan Motor, Thailand Nissan Motor plans to lay off 1,000 employees by mid of 2025 in Thailand. Bosch, Germany Bosch is planning to cut the working hours to 35 hours per week for its 10000 employees. As per spokesperson, due to transformation demand for automated driving solutions was not developing as per forecast. Great Dane, USA Great Dane is planning to lay off 150 employees. As per the spokesperson, it is to adjust manufacturing capacity and align with current market demands. NewSouth Window Solutions, LLC, USA  NewSouth Window Solutions LLC is laying off 225 people by early 2025 due to a discontinuation of a product line. Gate Gourmet, USA Gate Gourmet - a global airline catering and logistics company is laying off 102 workers. As per spokesperson, it is to adjust to shifting business conditions. Advance Auto Parts, USA Advance Auto Parts - a automotive aftermarket parts provider is planned to cut more than 140 jobs as part of mass store closures in late Jan 2025. Sumitomo Rubber Industries, USA Sumitomo Rubber - a rubber products and tires manufacturer fired 1,550 employees due to factory closure. Vehicle Service Pros, USA Vehicle Service Pros is planned to lay off 144 workers by early 2025. As per spokesperson, it was due to ending of future production agreements. Grant Thornton, USA Grant Thornton - a professional services company is laying off 150 staff. As per spokesperson, it is done to meet market demand. Hearst Magazines, USA Hearst Magazines - laid off nearly 200 staffers across various brands. As per spokesperson, it is to respond to ongoing changes in the industry. LinkedIn, USA LinkedIn has laid off 200 employees. As per internal sources, layoffs are said to have been initiated because of the weaker advertising sales and reduced revenues. JPMorgan Chase & Co, USA JPMorgan Chase has laid off 335 employees. As per spokesperson, the affected employees were former First Republic staff members on 18-month contracts following the acquisition. Two Sigma Investments, USA Two Sigma - a New York City-based hedge fund has laid off 200 employees. Ola Electric , India Ola Electric is planning to lay off 500 employees. As per spokesperson, it is to boost its operational efficiency by reducing redundancies and drive profitability. #CEO #LeadershipDevelopment #leadership #leaders #ai #aiadvancements #aiadoption #digitaltransformation #ceoguide #ceotips #ceotalk #ciocommunity #cioinsights #ceo #leadershipadvice #leaders #leadership #jobalerts #jobforyou #jobhiring #job #jobapportunity #jobavailable #hiring #layoff #jobboard #jobalert #jobchangers #layoffs2023 #layoff2024 #lookingforajob #lookingfornewopportunities #lookingfortalent #lookingforemployment #lookingahead #lookingforwork

Elon Musk says he instantly loses respect for anyone who posts on LinkedIn. 'Unbearably cringe' I believe LinkedIn is overly professional and formal due to which people sometime exaggerated self-promotion, leaving little room for genuine connections. I think Elon musk casual style of communication is contrast to LinkedIn communication style. Moreover LinkedIn cater to different professional needs and preferences. #CEO #LeadershipDevelopment #leadership #leaders #ai #aiadvancements #aiadoption #digitaltransformation #ceoguide #ceotips #ceotalk #ciocommunity #cioinsights #ceo #leadershipadvice #leaders #leadership #jobalerts #jobforyou #jobhiring #job #jobapportunity #jobavailable #hiring #layoff #jobboard #jobalert #jobchangers #layoffs2023 #layoff2024 #lookingforajob #lookingfornewopportunities #lookingfortalent #lookingforemployment #lookingahead #lookingforwork https://lnkd.in/g_JWKneg

Layoff Updates - UPS, USA UPS has planned to layoff 404 employees from Colorado facility on Jan 15, 2025. As per company spokesperson, due to changing business realities in our network," they are forced to shrink their workforce in and around the Denver area. Urban Alchemy, USA Urban Alchemy - a social enterprise that works to improve urban areas is laying off 311 employees in 2025. The city officials mull over how to deal with a fast-approaching budget deficit. Organization CEO wrote - organization’s layoffs could “significantly impact public safety, cleanliness, and the economic vitality in the neighborhood for the residents who live there, the businesses who operate there, and the visitors who come to the area. Ford, UK Ford UK, is planned to 4,000 jobs in Europe over the next three years completed by the end of 2027, which is about 14% of its workforce in the region. As per company sources, the carmaker faces slowing demand for electric vehicles and rising competition from China. Drexel University, USA Drexel University plans to layoff 60 processional staff employees which will be about 1.4% of its workforce. The spokesperson cited reason as resolving a 10% imbalance to the school's operating budget. #CEO #LeadershipDevelopment #leadership #leaders #ai #aiadvancements #aiadoption #digitaltransformation #ceoguide #ceotips #ceotalk #ciocommunity #cioinsights #ceo #leadershipadvice #leaders #leadership #jobalerts #jobforyou #jobhiring #job #jobapportunity #jobavailable #hiring #layoff #jobboard #jobalert #jobchangers #layoffs2023 #layoff2024 #lookingforajob #lookingfornewopportunities #lookingfortalent #lookingforemployment #lookingahead #lookingforwork

Layoff Updates - Deloitte, UK Deloitte is laying off additional 180 employees across its UK advisory division and employees affected are being informed on Nov 19 that their jobs are at risk in a restructuring. As per spokesperson, it was necessary to navigate the challenging market condition. HSBC, UK HSBC has planned to layoff hundred of senior executives as part of restructuring to streamline operations and improve efficiency across the bank. As per internal reports, restructuring process will lead to the dismissal of several hundred managing directors and senior bankers in the coming weeks. As per senior management, restructuring is focused on simplifying operations with indications that indicated that senior management would be the primary target of job cuts, with the goal of achieving net cost savings. Salesforce Inc, USA Salesforce is planning to  layoff at Own - the data management start-up it acquired for nearly $2 billion includes nearly 1,000 workers and some roles will not be needed post harmonization. #CEO #LeadershipDevelopment #leadership #leaders #ai #aiadvancements #aiadoption #digitaltransformation #ceoguide #ceotips #ceotalk #ciocommunity #cioinsights #ceo #leadershipadvice #leaders #leadership #jobalerts #jobforyou #jobhiring #job #jobapportunity #jobavailable #hiring #layoff #jobboard #jobalert #jobchangers #layoffs2023 #layoff2024 #lookingforajob #lookingfornewopportunities #lookingfortalent #lookingforemployment #lookingahead #lookingforwork

Good read, you get laid off and loving it. The article highlights how several ex-tech workers found fulfillment and rebuilt their lives after layoffs by pursuing alternative careers and passions such as Exploring Creative Pursuits, Embracing Flexibility, Launching New Ventures, Leveraging Old Skills, Finding Perspective. - Sandy McClennan turned her layoff into an opportunity to embrace her creativity - Others, like Manville Chan, transitioned to entirely new industries - Meghan Butler shifted from tech leadership to part-time roles in interior design and consultancy prioritizing flexibility and work-life balance. - Andrew Wasilewski and Daniel Bondi co-founded an art and music collective - Former tech professionals applied their past expertise to their new ventures, such as project management, customer success, or technology-driven solutions. The common thing among stories is the resilience and adaptability of laid-off workers, who reinvent their careers by valuing purpose and personal growth. #CEO #LeadershipDevelopment #leadership #leaders #ai #aiadvancements #aiadoption #digitaltransformation #ceoguide #ceotips #ceotalk #ciocommunity #cioinsights #ceo #leadershipadvice #leaders #leadership #jobalerts #jobforyou #jobhiring #job #jobapportunity #jobavailable #hiring #layoff #jobboard #jobalert #jobchangers #layoffs2023 #layoff2024 #lookingforajob #lookingfornewopportunities #lookingfortalent #lookingforemployment #lookingahead #lookingforwork https://lnkd.in/gsKvWzRi

Retail Alarm, UK: Budget Tax Hikes to Trigger Job Cuts, Price Rises, and Shop Closures The UK's major retailers, including Tesco, Amazon, and John Lewis, warn that Budget tax increases and rising costs will lead to inevitable job losses, price hikes, and shop closures. In a joint letter, 80 signatories highlighted that over £7 billion in additional costs, coupled with a rise in the minimum wage, would burden a sector already operating on slim profit margins. While businesses criticize the measures as harmful to growth and employment, the government defends the tax hikes as necessary, with unions dismissing retailer concerns as exaggerated. #CEO #LeadershipDevelopment #leadership #leaders #ai #aiadvancements #aiadoption #digitaltransformation #ceoguide #ceotips #ceotalk #ciocommunity #cioinsights #ceo #leadershipadvice #leaders #leadership #jobalerts #jobforyou #jobhiring #job #jobapportunity #jobavailable #hiring #layoff #jobboard #jobalert #jobchangers #layoffs2023 #layoff2024 #lookingforajob #lookingfornewopportunities #lookingfortalent #lookingforemployment #lookingahead #lookingforwork https://lnkd.in/gMcgrD-v