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...

Google employees  protest against mass layoffs

Google, the tech giant, recently fired approximately 12,000 employees in January, which resulted in protests from workers in both the US coasts. The workers...

Latest

Bangladesh Government to review salary for garment workers

The Bangladesh government is preparing to evaluate the minimum monthly salary for garment workers. The Department of Labour, under the Ministry of Labour and...

Creative Synergies gets Sujendra GS as vice president-HR 

Creative Synergies Group, a global digital innovation solution provider, appoints Sujendra GS, vice president, human resources. GS moves from LTIMindtree where he was leading...

OLX, Intel, Impossible Foods, and Philips layoff globally

Intel is cutting 340 jobs at its Folsom, California campus, as informed to state and local officials.   The layoff is announced due to a ‘challenging...

Has Apple violated US Labour Laws?

A US labour agency’s investigations have revealed that the workplace policies at Apple do not encourage employees to discuss their working conditions. The National Labour...

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...