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In a significant move aimed at cutting costs and enhancing its competitiveness, Boeing is laying off 10% of its global workforce, affecting approximately 17,000 employees. This decision marks a pivotal moment for the aerospace giant, which has been grappling with financial and operational challenges throughout the year. The layoffs, set to take effect by mid-January, … Read more

The German technology giant Siemens has announced its fourth-quarter earnings for FY 2024, revealing strong financial results despite facing challenges in its core factory automation business. While the company reported record net income, it also hinted at potential layoffs, reflecting the need for strategic restructuring to address industry setbacks. Q4 Performance: Mixed Results Amidst a … Read more