#job cuts

IBM

IBM to cut about 3,900 workers, still hiring in ‘higher growth’ areas

The company’s current headcount is 260,000

spotify

Spotify seen cutting staff as soon as this week to cut costs

The music streaming giant has about 9,800 employees, according to its third-quarter earnings report

Microsoft

Microsoft plans 10,000 job cuts, will take $1.2bn charge

The layoffs come as the software giant said it’s seeing customers exercise caution, with some parts of the world in recession

Amazon cuts 18,000 jobs

Amazon to slash more than 18,000 jobs

The reduction is concentrated in the firm’s corporate ranks, mostly Amazon’s retail division and human resources functions like recruiting

careem now

Dubai’s Careem cuts 536 jobs, Uber Eats to stop Saudi operations

Dubai-based Careem also suspended a portion of its public transit offerings

Abu Dhabi’s ADIB looks to save Dhs500m by cutting jobs, shutting branches – report

Abu Dhabi Islamic Bank is reportedly planning to close local and international branches