Meta Platforms Inc. plans to lay off around 10% of its global workforce, affecting roughly 8,000 employees, as the company pushes to improve efficiency while ramping up heavy investment in artificial intelligence.

CBS News is set to reduce its workforce by 6% and shut down its long-running radio operation after nearly a century.

China's central authorities have issued a set of guidelines to strengthen the development of the professional social work workforce, as part of broader efforts to improve public services and social governance.

German industrial giant Siemens announced on Tuesday that it plans to cut over 6,000 jobs worldwide due to weak demand and growing competition in China and its home market.

Aston Martin Lagonda announced Wednesday it would cut about five percent of its workforce as weak Chinese demand contributed to losses widening at the luxury car group last year.

Shell plans to scale back its oil and gas exploration and development workforce by 20% as CEO Wael Sawan widens his cost-saving drive to the highly profitable division after deep cuts in renewables and low-carbon businesses, company sources said.