SolarEdge Cuts Nearly 500 Jobs: Energy Storage Unit Closure Amidst Market ChallengesSolarEdge Technologies, a manufacturer of photovoltaic inverters, recently announced a significant strategic adjustment involving the closure of its energy storage division and the layoff of approximately 12% of its workforce, resulting in the loss of nearly 500 jobs. This move is attributed to the current challenging market environment and intensifying competition...

Bosch Group Faces Economic Challenges, Announces Over 7,000 Job CutsGerman industrial giant Bosch Group recently announced that it will not meet its economic targets in 2024 and may further adjust its workforce. This news has garnered significant attention within the industry, reflecting the immense challenges posed by the global economic downturn and the automotive industry's transformation...

Hollywood Giant Paramount Announces 2,000 Job Cuts Amid Declining Cable TV Ratings, But Streaming Business Remains ProfitableFacing the stark reality of declining cable TV viewership, Hollywood entertainment giant Paramount Global announced a major layoff plan, cutting approximately 2,000 jobs across its US operations. This move aims to reduce operating costs and prepare for its upcoming merger with independent film studio Skydance Media...

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