Company: Orbit Manufacturing (fictitious), a 40-year-old industrial firm employing 3,000 people across India, facing declining revenues post pandemic. Background: Orbit…
Browsing: cost cutting measures
Kohl’s, an American retail chain, has announced a reduction of nearly 10 per cent of its corporate workforce as part…
Adidas is reportedly preparing to trim its workforce in Germany by up to 500 employees. Competitor Puma, meanwhile, is considering…
A social-media post by a US attorney has ignited heated discussions about the role of Indian executives in American companies.…
Amid a disappointing third-quarter revenue report, Infineon Technologies is set to cut 1,400 jobs and relocate an additional 1,400 employees.…
In a recent development, One97 Communications, the parent company of Paytm, will be cutting roles as a part of its…
As a part of a broader cost-cutting initiative, Dell Technologies has announced a workforce reduction. The decision comes amidst a…
In a strategic move, Tetra Pak, a multinational food processing and packaging company, has announced the laying off of 300…
In a move to enhance operational efficiency, Bumble has unveiled its recent restructuring plan. The company has announced to cut…
With an aim to refocus on its iconic brands, BuzzFeed, a digital-media company, has decided to slash 16 per cent…
Nokia, a well-known player in the feature phone and smartphone industry, is undergoing significant transformations in its operations within India.…
Since the appointment of the new board at Infrastructure Leasing and Financial Services (IL&FS), in October 2018, the Indian infrastructure…