Intellizence tracks the latest layoff, downsizing, employee termination, furlough announcements from multiple news and regulatory filings. Following is the highlight of a few major layoffs of the week ending July 11th, 2020.
Cognizant – An American multinational corporation that provides IT services, is reportedly laying off as many as 18,000 employees. The company said that it is a “performance management” process
Nielsen – Rating giant Nielsen to cut 3,500 jobs, roughly 8% of its global workforce – as part of restructuring the company
Lufthansa – The airline is to cut over 1,000 Admin Jobs in leadership positions
Barnes Group – A global industrial and aerospace manufacturer and service provider, is to lay off 8% of the global workforce
Levi’s – The San Francisco-based jeans maker will cut 700 office jobs, or about 15% of its worldwide corporate workforce, as it deals with a sharp drop in sales due to the coronavirus pandemic