Tag: downsize
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...