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...
Harness.io: Cultivating a talent powerhouse in the tech crucible
The tech scene, be it in India or San Francisco, is equally crucible, fiercely competitive and unforgiving. In both the landscapes, attracting and retaining...
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...
Revolut to expand global team by 40% in 2024
Revolut, the UK-based challenger bank, has announced plans to bolster its workforce by 40 per cent in 2024. The aim is to reach approximately...
Latest
Did Lufthansa incur huge losses due to strikes by staff?
Lufthansa Group apparently posted losses to the tune of €849 million in March 2024, whereas its losses in Q1 of 2023 were only €273...
V2 Retail to hire 1500+ employees; eyes market growth
V2 Retail, an Indian retail company, has unveiled an ambitious roadmap for expansion, signalling its intent to recruit over 1500 professionals across various domains....
Finland seeks Indian talent to drive innovation and growth
In a bid to bolster its tech landscape and foster innovation, Finland is actively recruiting talented individuals from India. With its reputation as the...
How Poonawalla Fincorp fosters a culture of employee centricity
Poonawalla Fincorp stands out for its unorthodox approach. Here, success isn’t solely measured by the bottom line; it’s about cultivating a symbiotic relationship where...
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....
