Tag: downsize

Cisco is all set to cut 4,000 jobs, 5% of workforce

About five per cent of the workforce at Cisco may have to leave as the Company is looking at ‘rebalancing’ and ‘rightsizing’ some of...

Unacademy lets go 350 jobs amidst funding winter

There has been a second round of layoffs at Unacademy, affecting 10 per cent of its 3,500-strong workforce this time. About 350 employees have...

“Not laying of 75% of workforce”: Elon Musk tells Twitter staff

Looks like Elon Musk will not lay off 75 per cent of the Twitter workforce after all. Musk apparently communicated the same to Twitter...

Seagate to lay off 3,000 as part of restructuring

With revenues dipping 35 per cent in quarter one of financial year 2023 and demand for falling too, Seagate Technology has decided to undergo...

Philips to let go 4,000 employees

Philips is planning to cut five per cent of its workforce, globally. That means, about 4,000 employees will be asked to leave. The tech...

Google cancels 50% projects in Area 120 to cut costs

In an endeavour to ensure operational efficiency, Google has been trying to cut costs. In doing so, the tech major has decided to cancel...

HCL Tech lets go 300+ employees, globally

HCL Tech has laid off over 300 employees as part of its budget-cutting exercise. No official or public announcement has been made about these...

Alibaba lays off 10,000 as part of cost-cutting measures

To reduce costs, Alibaba, the Chinese tech major, has let go almost 10,000 employees. This is the Company’s response to poor sales and the...

Amazon has laid off 1 lakh

With Amazon realising it has more employees than it requires — having hired more during the demand surge due to the pandemic, and to...

Unacademy lays off 6,000 as part of cost cutting

Unacademy, the Indian edtech startup, has let go of about 600 employees from its almost 6,000-strong team — about 10 per cent of its...

3M to restructure, slash 2,900 jobs

3M Co. is set to lay off about 2,900 employees, about three per cent of its global workforce, as part of cost-cutting measures and...

Disney’s theme parks to render 28,000 jobless

Approximately 28,000 employees or ‘cast members’ as they are called, working at Walt Disney’s theme parks in the US will be laid off. The...

Mozilla to slash 250 jobs, focus on new products

Mozilla, which is most popular for the Firefox web browser, is all set to downsize and also restructure its workforce. Having been adversely affected...

Downsizing in manufacturing is not rightsizing, but just a temporary strategy

There have been a few unusual realisations for every organisation during these past few months. For the manufacturing sector— across apparel, paint, auto and...

British banks to cut jobs as demand for digital services grows

In an attempt to keep up with customers shifting online, and implement cost-cutting measures, Lloyds Banking Group and Virgin Money are going to downsize. While...

Jaguar Land Rover to lay off 500 in the UK

Jaguar Land Rover (JLR), owned by Tata Motors, will be laying off about 500 employees—10 per cent of the workforce— at its factory in...

Why a coaching culture and not any other culture?

“Would you tell me, please, which way I ought to go from here?” “That depends a good deal on where you want to get to,”...

50,000 employees subscribe to Capgemini’s ESOP

At least 50,000 employees from the 29 participating countries subscribed to Capgemini’s ninth annual employee stock ownership plan or ESOP. With an employee subscription...

Latest

EPFO adds 16.82 lakh net members in Sept. 2022

As per the provisional data released by the Employees’ Provident Fund Organisation (EPFO), 16.82 lakh net members have been added to EPFO in September...

Twitter firings over, Musk now actively hiring talent, seeking referrals

After making headlines for the controversial firing of employees, Twitter seems to be hiring actively again. Over the past one month, about two-thirds of the...

Amazon India summoned by Labour Ministry over unethical layoffs

The Union Labour Ministry has reportedly sent a notice to Amazon India seeking an explanation with regard to the retrenchment of employees without serving...

Chinese woman works as grave keeper; enjoys work-life balance

A young Chinese woman, who carries the surname Tan, has taken up a unique job, where she says she enjoys peace, an ideal work...

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...