Maersk to cut 10k jobs as shipping demand drops
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Re: Maersk to cut 10k jobs as shipping demand drops
#2The 2022 annual report says 110k+ employees.
The 2021 annual report says 95k+ employees.
The 2020 annual report says 80k+ employees.
Seems like they have acquired quite bit in the past few years, e.g.:
https://www.freightwaves.com/news/shipping-giant-maersk-cont...
Shipping giant Maersk continues buying spree after best quarter ever (November 2021)
Re: Maersk to cut 10k jobs as shipping demand drops
#3The 2022 annual report says 110k+ employees. The 2021 annual report says 95k+ employees. The 2020 annual report says 80k+ employees. Seems like they have acquired quite bit in the past few years, e.g.: https://www.freightwaves.com/news/shipping-giant-maersk-cont... Shipping giant Maersk continues buying spree after best quarter ever (November 2021)
Indeed similar to all Big Tech companies laying off the past year.
Re: Maersk to cut 10k jobs as shipping demand drops
#4Re: Maersk to cut 10k jobs as shipping demand drops
#5The idea is that shipping is a proxy for the "real economy" but given how much cyclical speculation these actors undertake with the ordering and scrapping of ships and the associated "costs" of personnel, I wonder to what extend that is really true.
Re: Maersk to cut 10k jobs as shipping demand drops
#6> Danish shipping giant Maersk has posted earnings before interest and taxes (EBIT) of $30.9bn for the full year ended 31 December 2022, a 57% surge from $19.6bn in 2021.
> This is said to be the firm’s best-ever annual result.
https://www.ship-technology.com/news/maersk-logs-record-prof...
Really sad to see these companies make enormous record beating profits then months later do mass layoffs just to maintain better returns.
Companies wonder why employees are not loyal, change companies every 2 years, are disengaged, and not working hard enough.
It's because most companies treat employees are expendable and are ready to fire them with a moments notice if some shareholder wants to buy a bigger yacht this year.
Re: Maersk to cut 10k jobs as shipping demand drops
#7> Danish shipping giant Maersk has posted earnings before interest and taxes (EBIT) of $30.9bn for the full year ended 31 December 2022, a 57% surge from $19.6bn in 2021. > This is said to be the firm’s best-ever annual result. https://www.ship-technology.com/news/maersk-logs-record-prof... Really sad to see these companies make enormous record beating profits then months later do mass layoffs just to maintain better…
> Companies wonder why employees are not loyal
Never heard any CEO wondering about that.
Re: Maersk to cut 10k jobs as shipping demand drops
#8The 2022 annual report says 110k+ employees. The 2021 annual report says 95k+ employees. The 2020 annual report says 80k+ employees. Seems like they have acquired quite bit in the past few years, e.g.: https://www.freightwaves.com/news/shipping-giant-maersk-cont... Shipping giant Maersk continues buying spree after best quarter ever (November 2021)
Seems like a regression to the normal
Re: Maersk to cut 10k jobs as shipping demand drops
#9> Danish shipping giant Maersk has posted earnings before interest and taxes (EBIT) of $30.9bn for the full year ended 31 December 2022, a 57% surge from $19.6bn in 2021. > This is said to be the firm’s best-ever annual result. https://www.ship-technology.com/news/maersk-logs-record-prof... Really sad to see these companies make enormous record beating profits then months later do mass layoffs just to maintain better…
I'm not sure why you are getting downvoted as you are totally correct.
It's a case of rules for thee and not for me.
It is an uneven power balance between corporations and workers.
Re: Maersk to cut 10k jobs as shipping demand drops
#10The 2022 annual report says 110k+ employees. The 2021 annual report says 95k+ employees. The 2020 annual report says 80k+ employees. Seems like they have acquired quite bit in the past few years, e.g.: https://www.freightwaves.com/news/shipping-giant-maersk-cont... Shipping giant Maersk continues buying spree after best quarter ever (November 2021)
Surprised to see steady increase in recent years. What are the 2019 numbers? 2020 and 2021 are the pandemic years, and Maersk should've been one of the most heavily impacted companies in the early months.