Tag: Cost Cutting
Facebook is planning to cut more workforce next week
Meta, the parent company of Facebook, is planning to cut thousands of jobs in order to meet their financial targets, according to Bloomberg. The...
Meta to slash more jobs and projects to mitigate costs
Meta is reportedly seeking help from lawyers, financial consultants and human resources personnel to prepare plans to shrink the hierarchy within the firm.
The parent...
1,300 employees ‘zoomed out’ at Zoom
About 15 per cent of the workforce at communications technology firm, Zoom, will be asked to leave, as per an official blog.
The video communications...
Is McDonald’s readying for job cuts in 4 months?
As part of its endeavour to update its business strategy and launch more restaurants, McDonald’s will review its corporate headcount and let go some...
Will Amazon lay off 17,000?
It is true that Amazon had plans to reduce the size of its workforce. However, the number of job cuts may be more than...
Is Salesforce going to lay off more employees?
After laying off hundreds of its employees in November 2022, Salesforce seems to be preparing for yet another round of job cuts.
The enterprise software...
Has FIS asked 400 Pune employees to leave?
Fidelity National Information Services (FIS), Pune, the Indian arm of the American multinational fintech firm, is on a layoff spree, to deal with redundancy....
Elon Musk slashes several employee benefits at Twitter
After the massive layoffs, the majority of the benefits that Twitter used to give its employees have apparently been reduced by Elon Musk.
These benefits...
Is Zomato laying off 4% of its workforce to cut costs?
Zomato, the online food-delivery platform is reportedly set to reduce its about 3,800-strong workforce by four per cent. That means, at least a 100...
Mass layoff at Salesforce; focus on profitability, cost cutting
While an exact number is yet to be revealed by Salesforce, it is clear that hundreds have been rendered jobless at the enterprise software...
Twitter begins layoffs today as part of cost cutting exercise
Musk, however, has not given any official figure yet. Therefore, it is not known as to how many people will be rendered jobless.
Ahead of...
Is Intel planning to lay off 12,000 in October 2022?
With a dip in the sales of personal computers or PCs, Intel is reportedly planning to lay off a significant number of people, primarily...
3M to cut costs, lay off part of safety & industrial...
Rising costs, economic slowdown and underperformance seem to be the main reasons for 3M’s decision to cut jobs. As part of cost-cutting measures, the...
Will there be layoffs at Apple and Google?
In what looks like a sure shot indication of a slowdown, Apple Inc. has laid off many contract-based recruiters as part of an attempt...
Alibaba lays off 10,000 as part of cost-cutting measures
To reduce costs, Alibaba, the Chinese tech major, has let go almost 10,000 employees. This is the Company’s response to poor sales and the...
Edtech platform, LEAD, cuts jobs, reduces team size
In a bid to cut costs and focus on profitability, LEAD, an edtech platform, has laid off a significant number of members from its...
Oracle starts laying off employees in the US
Oracle Corp. has reportedly begun the process of laying off employees in the US, as a part of a cost cutting and restructuring exercise....
Unacademy resorts to cost-cutting measures before IPO
Unacademy, the edtech unicorn, is taking measures to cut costs and focus on profitability. As part of the exercise, its founders and senior management...
Ola may sack 500 to cut costs
In a bid to control costs and increase efficiency, Ola, the ride-hailing company may sack at least 400 people. This downsizing is reportedly being...
Netflix lays off 150 employees in the US
In the wake of slowdown in growth and loss of subscribers, Netflix, the global streaming giant, is laying off 150 employees. These employees constitute...
Unacademy lays off 6,000 as part of cost cutting
Unacademy, the Indian edtech startup, has let go of about 600 employees from its almost 6,000-strong team — about 10 per cent of its...
Nokia to cut 1,500 jobs in India, as part of cost-cutting,...
Last week, Nokia, the Finnish telecom equipment manufacturer, had revealed plans to downsize its workforce by about 10,000 over a period of two years....
Nokia to slash 10,000 jobs
Nokia, the Finnish telecom equipment manufacturer, is all set to get rid of per cent of its workforce. That means, about 10,000 employees will...
2,000 to be laid off at Jaguar Land Rover
Jaguar Land Rover is all set to shrink its global workforce by about 2,000 as part of a cost-cutting exercise. Employees have already been...
HSBC to cut 340 jobs, close 82 branches in Britain
As part of a restructuring exercise, HSBC will shut down 82 branches across Britain, during April to September 2021. This will also involve slashing...
IndiGo employees to return to work, LWP removed across departments
Ronojoy Dutta, CEO, IndiGo, in a letter to his employees, announced the decision to give paid leave to all employees from January 1, 2021...
Uber & Lyft labour appeal the decision to the state supreme...
On 20 March, 2023, a California appeals court upheld a state law that permits companies like Uber and Lyft to classify their drivers as...
Latest
100 job cuts at Livspace
Livspace, a Singapore-based omni-channel home interior and renovation platform, has recently laid off a small percentage of its workforce in an effort to control...
Why companies should have short-term goals to fit the younger generation
The younger generation, including Millennials and Gen Z, are rapidly becoming the largest demographic in the workforce and job market. Therefore, companies need to...
Govt implements ESMA as UP power employee protest continues
The ongoing strike by power department employees in Uttar Pradesh has disrupted normal life in the state, with many hospitals suffering from power outages....
51% women in STEM expect flexible/remote work policies: Report
It is true that India Inc. is increasing efforts to attract women employees. A significant 33 per cent of employers feel that providing flexible...
DIALOGUE
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....
“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton
Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...
