Boeing
Boeing, an aerospace company, has announced plans to make staffing cuts in the finance and human resources departments, resulting in approximately 2,000 job losses.
The company stated that the cuts will be achieved through a combination of attrition and layoffs, and that no employees have been notified of job loss yet. However, the company added that it intends to keep employees informed transparently, to allow them to plan accordingly.
Despite the job cuts, Boeing expressed its commitment to growing its overall workforce, stating that it plans to hire another 10,000 employees this year with a focus on engineering and manufacturing.
The company also indicated that it grew its workforce by 15,000 employees last year, bringing the total number of employees as of December 31, 2022 to 156,000.
According to a report by The Seattle Times, about a third of the eliminated positions are expected to be outsourced to Tata Consulting Services in Bengaluru, India.
Daraz
Daraz Group, a subsidiary of Alibaba Group and an e-commerce platform, has announced plans to reduce its workforce by 11 per cent in response to the current market reality, according to a letter from the CEO, Bjarke Mikkelsen.
Mikkelsen cited various challenging factors in the market environment including a war in Europe, significant supply chain disruptions, high inflation, rising taxes, and the removal of essential government subsidies in the countries where Daraz operates, including Pakistan, Bangladesh, Sri Lanka, and Nepal.
Daraz Group, which was founded in 2012 in Pakistan and later acquired by Alibaba in 2018, is Pakistan’s largest e-commerce retail platform and has 100,000 SMEs on its platform.
As of 2021, Daraz claimed access to 500 million customers with a team of 10,000 employees. Over the past two years, the company has invested $100 million in Pakistan and Bangladesh.
