Looks like the layoffs at Tesla are to continue. Elon Musk, CEO, Tesla has reportedly let go a senior director…
Browsing: Cost Cutting
Take-Two Interactive Software, the video-gaming company that publishes the ‘Grand Theft Auto’ franchise, has trimmed its workforce by five per…
Ericsson AB, the manufacturer of 5G networking equipment, is all set to axe about 1,200 jobs in Sweden. Why? Because…
When employees at Stellantis were told to work from home/remotely on 22 March so that maximum participation could be ensured…
Fidelity International, the asset-management firm, is gearing to reduce its global workforce by nine per cent, as was first reported…
Indian budget carrier SpiceJet is facing turbulence, announcing plans to lay off 1,400 employees – 15 per cent of its…
Google is endeavouring to cut costs and focus on using artificial intelligence (AI). As part of this exercise, YouTube, its…
As a part of broader cost-cutting strategy, Humane has laid off four per cent of its employees, according to sources…
Edtech firm, Byju’s is set to cut down its existing 35,000-strong workforce by 11 per cent. That means, about 4,000…
As part of a restructuring exercise of its 700-strong workforce, fintech startup, Khatabook has cut about 42 jobs. These cuts…
Accenture, the Irish-American professional services firm, is preparing to axe about 890 jobs in its Irish operations. That means, about…
Headcount is being reduced at Amazon’s 40+ Fresh grocery stores across the US. The retailer is doing away with the…
Due to decline in profits, cryptocurrency giant Binance made cost-cutting moves by reducing employee benefits last month. The changes, effective…
Byju’s, the edtech platform, has been trying to streamline operations, cut costs and improve profitability for some time now. As…
That the market slowdown has affected investment banks is quite clear. Now the Goldman Sachs Group is reportedly preparing to…
In the past 15 months, SoftBank’s investee companies in India have adopted a ‘total defence’ approach to combat the funding…
On May 5, 2023, Meesho, an e-commerce startup, made the announcement that it had laid off 251 employees in a…
In an attempt to cut costs and increase margins, Cognizant, the IT services company is planning to lay off 3,500…
As part of its cost-cutting efforts, Lazard intends to reduce its global workforce by 10 percent. The reduction is said…
Lyft, a ride-hailing company and a competitor of Uber, is planning to lay off 1,072 employees, equivalent to 26% of…
As part of its cost-cutting measures, Google has now decided to cut down or completely do away with some perks.…
The IT sector continues to witness layoffs as many leading players, including Meta, Credit Suisse, and Disney, cut jobs to…
Meta, the parent company of Facebook, is planning to cut thousands of jobs in order to meet their financial targets,…
Meta is reportedly seeking help from lawyers, financial consultants and human resources personnel to prepare plans to shrink the hierarchy…
About 15 per cent of the workforce at communications technology firm, Zoom, will be asked to leave, as per an…
As part of its endeavour to update its business strategy and launch more restaurants, McDonald’s will review its corporate headcount…