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...