Tag: downsize

Byju’s faces payment delays

The platform failed to meet the deadline it had set for itself to disburse performance-linked bonuses to its tuition centre staff. The lack of...

Wayfair to sack 5% of its workforce

Wayfair has announced plans to lay off 1,000 employees in an effort to cut operational cost. The decision comes after the online furniture retailer...

Icertis lays off members of sales & marketing team

In October 2022, Icertis, the Software-as-a-Service (SaaS) company raised $150 million in funding from Silicon Valley Bank. The fund comprised a revolving credit arrangement...

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...

How this energy company is championing employee inclusivity & engagement

In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...

Trident’s Asmita leaves blossom into inclusive workplaces

Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
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Engagement is outdated: The future of success lies in ‘employee involvement’

In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
Tata Steel employee vehicle ban

Tata Steel: Journey through excellence in talent acquisition 

Tata Steel, part of the Tata Group, is a multinational steel-making company headquartered in Mumbai, India. It is one of the world's leading steel...

Saudi Arabia expands saudisation programme in aviation

The Saudi Arabian Ministry of Human Resources and Social Development, in collaboration with the Ministry of Transport and Logistic Services, has announced the second...

Latest

UBS’ bold play: A symphony of skills and diversity in the financial frontier

In the dynamic realm of advancing technology, maintaining a competitive edge demands more than mere adaptability; it requires an unwavering commitment to the continuous...

“Flexible frameworks with effective guardrails in 2024,” Prabir Jha

Talent tango: Fresh faces, sharp skills, or tech triumph? HR’s 2024 balancing act All of these and their interconnectedness will be key HR priorities for...

J B Chemicals & Pharmaceuticals introduces performance-driven stocks

J B Chemicals & Pharmaceuticals (JBCPL) recently allocated 76,000 time-based stock options and 1,14,000 performance-based options to a qualified employee. The initiative is a...

Pension dept encourages staff with ‘Anubhav Awardees Speak’

To foster commitment, dedication and enthusiasm among Central government employees in fulfilling their duties, the Department of Pension and Pensioners' Welfare (DOPPW) introduced the...

DIALOGUE

Data analytics and not technology will redefine HR

Q. How satisfying has been your professional journey of 39 years? A. It has been a bagful of mixed experiences. At times I have been...

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....
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