Adidas is reportedly preparing to trim its workforce in Germany by up to 500 employees. Competitor Puma, meanwhile, is considering…
Browsing: downsize
More than 400 employees of Boeing have received pink slips. They are all members of Boeing’s professional aerospace labour union.…
Dunzo, the online delivery app, has had to trim its workforce by 75 per cent in order to cut costs,…
The platform failed to meet the deadline it had set for itself to disburse performance-linked bonuses to its tuition centre…
Wayfair has announced plans to lay off 1,000 employees in an effort to cut operational cost. The decision comes after…
In October 2022, Icertis, the Software-as-a-Service (SaaS) company raised $150 million in funding from Silicon Valley Bank. The fund comprised…
About five per cent of the workforce at Cisco may have to leave as the Company is looking at ‘rebalancing’…
There has been a second round of layoffs at Unacademy, affecting 10 per cent of its 3,500-strong workforce this time.…
Looks like Elon Musk will not lay off 75 per cent of the Twitter workforce after all. Musk apparently communicated…
With revenues dipping 35 per cent in quarter one of financial year 2023 and demand for falling too, Seagate Technology…
Philips is planning to cut five per cent of its workforce, globally. That means, about 4,000 employees will be asked…
In an endeavour to ensure operational efficiency, Google has been trying to cut costs. In doing so, the tech major…
HCL Tech has laid off over 300 employees as part of its budget-cutting exercise. No official or public announcement has…
To reduce costs, Alibaba, the Chinese tech major, has let go almost 10,000 employees. This is the Company’s response to…
With Amazon realising it has more employees than it requires — having hired more during the demand surge due to…
Unacademy, the Indian edtech startup, has let go of about 600 employees from its almost 6,000-strong team — about 10…
3M Co. is set to lay off about 2,900 employees, about three per cent of its global workforce, as part…
Approximately 28,000 employees or ‘cast members’ as they are called, working at Walt Disney’s theme parks in the US will…
Mozilla, which is most popular for the Firefox web browser, is all set to downsize and also restructure its workforce.…
There have been a few unusual realisations for every organisation during these past few months. For the manufacturing sector— across…
In an attempt to keep up with customers shifting online, and implement cost-cutting measures, Lloyds Banking Group and Virgin Money…
Jaguar Land Rover (JLR), owned by Tata Motors, will be laying off about 500 employees—10 per cent of the workforce—…