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
In October, Amazon had revealed intentions to reduce its workforce by 14,000 corporate staff members. This was said to be…
Amazon will reportedly be witness to the largest job cuts since 2022 in an effort to cut costs and make…
Deloitte, the British multinational professional services network and one of the Big Four, is further trimming its advisory division in…
Last month it was reported that Oracle was planning to let go 10 per cent of its Indian team as…
Novo Nordisk, the global healthcare firm has frozen hiring for non-critical roles across its offices worldwide. This hiring freeze has…
While Intel had announced about 4,000 layoffs across the US, the figure has now been revised to 5,000. The company…
Bumble, the Texas-based online dating platform has decided to trim its workforce by 30 per cent, globally. This will impact…
Standard Chartered has been trying to cut costs and save millions of dollars. As part of this endeavour, the bank…
In pursuit of better operational efficiency Disney is trimming its workforce. This time, hundreds are reportedly going to be impacted,…
While earlier Nissan had talked of letting go only about 9,000 employees due to poor business, it has now decided…
Intel is looking to reduce headcount by 20 per cent, as per a Bloomberg report. This trimming does not really…
Cipia Vision is embracing a plan to streamline operations and reduce expenses. As part of the exercise, the Israel-based auto…
Volvo Group North America has informed employees of its intention to let go at least 550 people. The job cuts…
Whirpool, the global home-appliance company is going to render about 651 of its workers jobless at its manufacturing plant in…
While the mid-senior level employees of HSBC were eagerly looking forward to their bonuses, what they actually received was news…
After letting go 3,500 support staff in 2024 in a bid to save cots, Deutsche Bank is readying to axe…
While Morgan Stanley had a headcount of at least 80,000 employees, globally, at the end of last year, this number…
Amazon’s endeavour to cut costs is now set to impact the managers in its global workforce. If news reports are…
Britain’s Lloyds Banking Group will have a 4,000-strong team of information technology engineers in India working out of Hyderabad by…
Mercedes-Benz and its subsidiaries are trimming their workforce in China by 15 per cent. As per a Bloomberg report, the…
A US-based company, onsemi that creates intelligent power and sensing technologies has decided to trim its global workforce by 2,400…
Employees of Manchester United have been informed that redundancies will take place as part of the professional football club’s transformation…
Many courses in Cardiff University have been shortlisted for closure. About 400 full-time jobs are being eliminated too. Why? Due…
Pocket FM, an audio-series platform, is trimming its workforce as part of its restructuring measures. It is letting go 75…
While most bankers are already enjoying or expecting higher bonuses in the European banking industry, HSBC has told its employees…