Latest news and stories about job cuts in Portugal for expats and residents.
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The company that owns Instagram and WhatsApp is preparing a major restructuring that could affect thousands of workers, reports Reuters. The strategy involves focusing on artificial intelligence.
This is the latest round of mass layoffs in the tech industry and the company's largest reduction since 2023.
The announcement was made on Wednesday by the tech giant, which thereby implements the second wave of redundancies in recent months.
Abanca has launched a new voluntary redundancy programme, the second in a matter of months. In October, 77 staff from the commercial division had already left under mutual-agreement terminations and early retirements. Now it is opening the door for a further 120 central services employees to leave the bank that has just acquired EuroBic.
