Tag: Cost Cutting

SpiceJet to axe 1400 roles in bid to stay afloat

Indian budget carrier SpiceJet is facing turbulence, announcing plans to lay off 1,400 employees – 15 per cent of its workforce – in a...

YouTube axes 100 jobs; more cuts to happen at Google

Google is endeavouring to cut costs and focus on using artificial intelligence (AI). As part of this exercise, YouTube, its video platform has laid...

Humane cuts 4% roles

As a part of broader cost-cutting strategy, Humane has laid off four per cent of its employees, according to sources familiar with the matter....

Byju’s to restructure and let go 4,000

Edtech firm, Byju’s is set to cut down its existing 35,000-strong workforce by 11 per cent. That means, about 4,000 employees will be rendered...

42 jobs cut at Khatabook, the fintech startup

As part of a restructuring exercise of its 700-strong workforce, fintech startup, Khatabook has cut about 42 jobs. These cuts are in keeping with...

Accenture to lay off 13% of workforce in Ireland

Accenture, the Irish-American professional services firm, is preparing to axe about 890 jobs in its Irish operations. That means, about 13 per cent of...

Amazon to reduce workforce at Fresh grocery outlets

Headcount is being reduced at Amazon’s 40+ Fresh grocery stores across the US. The retailer is doing away with the ‘zone lead’ role, that...

Amid falling profits, Binance reduces employee benefits

Due to decline in profits, cryptocurrency giant Binance made cost-cutting moves by reducing employee benefits last month. The changes, effective from June 19, included...

Has Byju’s laid off 500- 1000 employees?

Byju’s, the edtech platform, has been trying to streamline operations, cut costs and improve profitability for some time now. As part of its attempts,...

Is Goldman Sachs preparing to cut jobs?

That the market slowdown has affected investment banks is quite clear. Now the Goldman Sachs Group is reportedly preparing to axe about 200+ jobs...

SoftBank’s Indian investee companies have adopted a ‘total defence’ approach

In the past 15 months, SoftBank's investee companies in India have adopted a ‘total defence’ approach to combat the funding slowdown. These startups have...

In fresh round of job cuts, Meesho lays off 251 employees

On May 5, 2023, Meesho, an e-commerce startup, made the announcement that it had laid off 251 employees in a fresh round of job...

Cognizant to cut costs; lay off 3,500

In an attempt to cut costs and increase margins, Cognizant, the IT services company is planning to lay off 3,500 employees and also let...

Lazard to cut 10% workforce worldwide 

As part of its cost-cutting efforts, Lazard intends to reduce its global workforce by 10 percent. The reduction is said to impact all of...

Lyft and Clubhouse to layoff employees

Lyft, a ride-hailing company and a competitor of Uber, is planning to lay off 1,072 employees, equivalent to 26% of its workforce, as part...

Perks proving to be expensive for Google?

As part of its cost-cutting measures, Google has now decided to cut down or completely do away with some perks. The Company has realised...

How Apple cuts costs without laying off employees

The IT sector continues to witness layoffs as many leading players, including Meta, Credit Suisse, and Disney, cut jobs to reduce costs. In the...

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...

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...
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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...
Tata Steel employee vehicle ban

Tata Steel: Journey through excellence in talent acquisition 

Tata Steel, part of the Tata Group, is a multinational steel-making company headquartered in Mumbai, India. It is one of the world's leading steel...

Latest

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...

YAAP Digital certified among ‘Happiest Places to Work’ in India

YAAP Digital, a leading content creation company, has been recognised as one of the ‘Happiest Places to Work’ in India by Happyness.me. This prestigious...

Navigating the ascent: Strategies for thriving in an elevated role

An elevated role, marked by a significant leap in responsibilities and expectations, requires more than just an updated job title. It demands a strategic...

FundsIndia empowers staff with ESOP and NPS

In a strategic move aimed at fostering employee loyalty and encouraging long-term commitment, FundsIndia has taken a significant step. The online investment platform headquartered...

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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