Tag: cut costs
5% workforce laid off: Sequoia, Accel, and Qualcomm-backed Bounce
Bounce, an electric 2-wheeler manufacturer and scooter rental company, has reportedly laid off around 5 per cent of its workforce, or about 40 to...
Will KSRTC lay off 5,000 to cut costs?
The Kerala State Road Transport Corporation (KSRTC) has been considering getting rid of excess staff from across departments, as it lacks the financial strength...
Uttarakhand govt cuts costs, cancels increments and promotions
As part of cost-cutting measures, the Uttarakhand government has slashed increments of its staff for the ongoing fiscal year and frozen all fresh recruitments for the...
GE to freeze pensions to cut costs and debt
General Electric (GE) recently revealed its plans to freeze pensions for almost 20,000 salaried American employees and also take other necessary steps to reduce...
How layoffs can backfire
Layoffs are not really a strategy, but an option resorted to when a company is not doing well or in other words, when an...