Portuguese 
English 
Spanish 
2 min of reading 
News Corp, the giant controlled by billionaire Rupert Murdoch, announced it will lay off around 1,200 workers – 5% of its workforce. This decision comes after the company’s profits plummeted in its book publishing, news media, and digital real estate divisions.
Sales fell 7.2%, to US$ 2.5 billion in the last fiscal quarter, and EBITDA (earnings before interest, taxes, depreciation, and amortization) decreased by 30%, to US$ 409 million. The devastating drop in revenue is responsible for the need for layoffs at News Corp.
CEO Robert Thomson stated that, amid persistent interest rates and inflation, the job cuts are a necessary response. The measure will affect all of the group’s businesses – including The Wall Street Journal, HarperCollins, The Times, and The Sun – with estimated savings of US$ 130 million annually. Employees will be laid off as the company seeks to navigate the crisis.
News Corp had approximately 25,500 employees in June of this year, of which 9,000 are in the United States, 5,500 in Great Britain, and 8,000 in Australia. Additionally, about 4,000 are represented by unions.
-
Brazilian city gains industrial hub for 85 companies that is equivalent to 55 football fields.
-
Peugeot and Citroën factory in Argentina cuts production by half and opens a layoff program for more than 2,000 employees after Brazil drastically reduced purchases of Argentine vehicles.
-
A Brazilian city gains a factory worth R$ 300 million with the capacity to process 200 thousand tons of wheat per year, a mill of 660 tons/day, silos for 42 thousand tons, and an industrial area of 276 thousand m².
-
Havan will leave the shopping mall in Blumenau to inaugurate something that the chain has never done before: a megastore in half-timbered style in the Historic Center of the city, which is expected to be completed in May and change the landscape of local retail.
Technology Giants Announce Job Cuts in Brazil as Part of a Global Restructuring Plan. Google and Yahoo Are Among the Companies Making Adjustments to Improve Their Market Competitiveness
The Google and Yahoo have kicked off the wave of layoffs in Brazil. About 170 workers were laid off between Thursday and Friday, the 10th. Google, which announced last month the firing of 12,000 people globally, half of its workforce, laid off 90 Brazilians.
According to Layoffs Brazil, cloud computing teams were the most affected by the second round of cuts at Google in 12 months. It is a difficult time for the workers affected by these drastic changes.
Yahoo, Amazon, Microsoft, and Meta have announced large-scale layoffs in recent months. Yahoo laid off 20% of its global workforce, with 80 employees in Brazil being affected.
Amazon laid off 18,000 people worldwide, while Microsoft opted to let go of 10,000 employees. Finally, Meta, the owner of Facebook and Instagram, laid off 11,000 staff at the end of 2019 and does not rule out further cuts in the coming months. All these measures occur at a time when advertising revenues are declining and the U.S. economy is feared to enter recession.
Microsoft Announces It Will Lay Off 10,000 Employees
Seja o primeiro a reagir!