Tag: cut costs
Impending workforce adjustment at Lenovo
Lenovo, a technology giant, is said to have initiated workforce reductions due to a significant downturn in its PC business. The decline in sales...
Medtronic plans to reduce workforce globally; KOO lets go 30% of...
Medtronic
Medtronic, a leading medical company in Minnesota, has announced that it will be reducing its global workforce in an effort to streamline operations and...
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...
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...