Layoffs Archives - National Times

25 Sep

Starbucks to Cut 900 Jobs, Close Underperforming Stores in North America

Rajeev Sharma0 CommentsBusinessBrian Niccol, Layoffs, North America, restructuring, Starbucks, store closures

Seattle, September 25, 2025: Starbucks will lay off nearly 900 non-retail employees and shut a number of underperforming stores in the United States and Canada as part of a wider restructuring drive. Employees whose positions are being eliminated will be informed on Friday, the company said.The coffee chain noted that a review of its operations showed several locations were missing financial targets or failing to deliver the customer experience associated with the brand. “This is a more significant action that we understand will impact partners and customers. Our coffeehouses are centres of the community, and closing any location is difficult,”…

Microsoft Shuts Down Pakistan Office After 25 Years, Sparking Economic Worries

Rajeev Sharma0 CommentsWorld Newsglobal restructuring, Layoffs, Microsoft Pakistan, Pakistan economy

Islamabad, July 5 — Global tech giant Microsoft has shut down its limited operations in Pakistan after 25 years, citing global restructuring and a pivot toward a cloud-based, partner-led business model.The closure, announced Thursday, is part of Microsoft’s broader decision to cut around 9,100 jobs worldwide approximately 4 per cent of its global workforce in the company’s largest round of layoffs since 2023.The move has sparked concerns among Pakistan’s business and political leaders about the country’s economic environment and future prospects in the global tech landscape.Jawwad Rehman, former founding Country Manager of Microsoft Pakistan, called the exit a reflection of…

Meta Boosts Executive Bonuses Amid Layoffs, Plans New India Campus

Rajeev Sharma0 CommentsTechnologyExecutive Bonuses, Facebook, Layoffs, Meta

(National Times Bureau), February 24, 2025: Meta is under fire after announcing higher bonuses for executives while simultaneously laying off 3,600 employees. In a corporate filing on February 20, the tech giant revealed it had approved an increase in the target bonus percentage for its top executives. Double the Bonus for Executives Previously, Meta’s executive officers had a target bonus of 75% of their base salary. Under the new plan, they can now receive up to 200% of their salary, as reported by CNBC. Meta CEO Mark Zuckerberg is not included in this new bonus structure. Layoffs Despite Growth The…