Deloitte is cutting jobs due to falling demand for its services, but it hasn't said how many employees will be affected. The company's revenue in Australia dropped 2.4% to $2.78 billion, showing difficulties in the consulting sector. This move is part of a larger trend of job cuts at major consulting firms like KPMG, EY, and PwC.
Volkswagen plans to lay off thousands of workers and close at least three factories in Germany as part of a big restructuring effort. This decision comes amid rising pressures from low demand and competition in the electric vehicle market, increasing tensions between management and workers.
CVS Health is planning to lay off about 2,900 employees as part of a money-saving strategy to simplify their operations and cut costs. The layoffs will affect different departments, but details are still under wraps. This decision comes after a small revenue bump, but the company is focused on saving $2 billion in the next few years.