Tag: cost cutting measures

Voluntary resignation news surfaces amid Paytm restructuring

In a recent development, One97 Communications, the parent company of Paytm, will be cutting roles as a part of its annual appraisal process. Additionally,...

Dell announces workforce reduction amid sluggish PC demand

As a part of a broader cost-cutting initiative, Dell Technologies has announced a workforce reduction. The decision comes amidst a prolonged period of sluggish...

Tetra Pak to axe 300 roles; to shut Jurong factory

In a strategic move, Tetra Pak, a multinational food processing and packaging company, has announced the laying off of 300 employees. The decision comes...

Bumble to let go 350 to align future strategic priorities

In a move to enhance operational efficiency, Bumble has unveiled its recent restructuring plan. The company has announced to cut 350 jobs, constituting 30...

BuzzFeed to axe 16% roles; to parts ways with ‘Complex’

With an aim to refocus on its iconic brands, BuzzFeed, a digital-media company, has decided to slash 16 per cent of its workforce. The...

Nokia to Axe 250 roles, streamline operations

Nokia, a well-known player in the feature phone and smartphone industry, is undergoing significant transformations in its operations within India. This transformation may affect...

IL&FS reduces wage bill, lays off 43% of its staff

Since the appointment of the new board at Infrastructure Leasing and Financial Services (IL&FS), in October 2018, the Indian infrastructure development and finance company...

How this energy company is championing employee inclusivity & engagement

In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...

Trident’s Asmita leaves blossom into inclusive workplaces

Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...

Harness.io: Cultivating a talent powerhouse in the tech crucible

The tech scene, be it in India or San Francisco, is equally crucible, fiercely competitive and unforgiving. In both the landscapes, attracting and retaining...
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Engagement is outdated: The future of success lies in ‘employee involvement’

In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...

Revolut to expand global team by 40% in 2024

Revolut, the UK-based challenger bank, has announced plans to bolster its workforce by 40 per cent in 2024. The aim is to reach approximately...

Latest

Granting childcare leave is Constitutional duty: SC

The Supreme Court recently observed that denying childcare leave or CCL to women is a violation of Constitutional Duty. It stated that childcare leave...

Did Lufthansa incur huge losses due to strikes by staff?

Lufthansa Group apparently posted losses to the tune of €849 million in March 2024, whereas its losses in Q1 of 2023 were only €273...
traditional productivity metrics

Time to give traditional productivity metrics an overhaul

Imagine a bustling office where traditional productivity metrics reign supreme, where sales numbers, units produced and hours worked are meticulously tracked and analysed. However,...

Whirlpool announces global workforce reduction

Whirlpool Corp, the home appliances manufacturer, has unveiled plans to slash roles globally. The company is set to axe approximately 1,000 salaried positions worldwide,...

DIALOGUE

Data analytics and not technology will redefine HR

Q. How satisfying has been your professional journey of 39 years? A. It has been a bagful of mixed experiences. At times I have been...

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....
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