With a dip in the sales of personal computers or PCs, Intel is reportedly planning to lay off a significant…
Browsing: Cost Cutting
Rising costs, economic slowdown and underperformance seem to be the main reasons for 3M’s decision to cut jobs. As part…
In what looks like a sure shot indication of a slowdown, Apple Inc. has laid off many contract-based recruiters as…
To reduce costs, Alibaba, the Chinese tech major, has let go almost 10,000 employees. This is the Company’s response to…
In a bid to cut costs and focus on profitability, LEAD, an edtech platform, has laid off a significant number…
Oracle Corp. has reportedly begun the process of laying off employees in the US, as a part of a cost…
Unacademy, the edtech unicorn, is taking measures to cut costs and focus on profitability. As part of the exercise, its…
In a bid to control costs and increase efficiency, Ola, the ride-hailing company may sack at least 400 people. This…
In the wake of slowdown in growth and loss of subscribers, Netflix, the global streaming giant, is laying off 150…
Unacademy, the Indian edtech startup, has let go of about 600 employees from its almost 6,000-strong team — about 10…
Last week, Nokia, the Finnish telecom equipment manufacturer, had revealed plans to downsize its workforce by about 10,000 over a…
Nokia, the Finnish telecom equipment manufacturer, is all set to get rid of per cent of its workforce. That means,…
Jaguar Land Rover is all set to shrink its global workforce by about 2,000 as part of a cost-cutting exercise.…
As part of a restructuring exercise, HSBC will shut down 82 branches across Britain, during April to September 2021. This…
Ronojoy Dutta, CEO, IndiGo, in a letter to his employees, announced the decision to give paid leave to all employees…
As part of cost-cutting measures, ABN Amro plans to lay off about 15 per cent of its workforce. This means,…
Amidst the current economic slump and pandemic-induced recession, businesses are under pressure to cut costs and also boost morale across…
The COVID pandemic has impacted the sports, leisure and entertainment sectors deeply. The latest to feel the impact is Arsenal,…
Raymond Group, the Indian branded fabric and fashion retail company, is slashing jobs as part of its cost-cutting strategy. The…
Hospitality company, Oyo, has allowed its employees to follow a combination of ‘work from home’ and ‘work from flexible co-working…
Hyderabad-based airline, Trujet, has decided to cut 50 per cent of its employees’ salaries. The decision has been conveyed to…
About 600 permanent employees of Air India, are to be offered a ‘leave without pay (LWP)’ scheme for a period…
Vistara, the Indian full-service airline will impose a pay cut of five to 20 per cent from July 1 to…
Tata Motors is planning to lay off 1,100 temporary employees at its luxury Jaguar Land Rover (JLR) unit, in pursuit…
Wipro will be putting a stop to the hiring process for this financial year. It will instead focus on utilising…
With the COVID-19 pandemic affecting earnings of airlines the world over, GoAir announced that its staff will be taking pay…