Business ❯ Human Resources

Employee Impact

Job Losses Job Security Layoffs Job Loss Workforce Changes Workforce Management Workforce Reduction Insolvency Effects Consultation Process Job Cuts

Neiman Marcus to Close Downtown Dallas Flagship in September

Saks Global cites slow downtown foot traffic and will concentrate operations and heritage services at its NorthPark location.

Marc Aurel Enters Self-Administration Insolvency With Investor Search Underway

Porsche Closes Three Subsidiaries in Strategy Reset, Cutting More Than 500 Jobs

Porsche Shuts Three Subsidiaries, Cutting About 500 Jobs

Kaboodle Enters Creditors’ Voluntary Liquidation After Ceasing Trading

Reports Say Cognizant Weighs 12,000–15,000 Job Cuts Globally, With India Hit Hardest

Bertelsmann to Wind Down DeutschlandCard by Nov. 30, 2026

Willi Betz Unit Betz International Enters Preliminary Insolvency

The Original Factory Shop Closes More Stores After Administration

Sonova Puts Sennheiser Consumer Headphone Business Up for Sale

Ikea to Close Rostock Customer Service Center, Affecting 279 Jobs

BASF Plans India Service Hub, Weighs Moving Berlin Finance, HR and GBS Roles

Roller to Close Four German Stores by June as Clearance Sales Begin

Flamme Küchen und Möbel to Close All Six German Stores in 2026

REVO Hospitality Files for Self-Administration Insolvency, Keeps 125 Hotels Operating

Walmart International Chief Kathryn McLay to Step Down Jan. 31

FedEx Exits Brazil’s Domestic Delivery Market to Refocus on International and Supply-Chain Services

Salad and Go Exits Texas and Oklahoma, Closing 32 Stores by Jan. 11

Telefónica and Unions Seal Workforce-Reduction Deal for 4,525 Exits as Company Books €2.5 Billion Charge

Maennerhobby Distillery Enters Insolvency Under Self-Administration