Tag: downsizing

As part of global cost-cutting measures, Ericsson, the telecom networking company is set to reduce its 14,500-strong workforce in Sweden by 1,400. That means,...

Since the year 2020, employers in the US have axed the maximum jobs, reveals a report. About 1,02,943 jobs were cut in January 2023,...

Having sacked over 11,000 employees in a layoff news that created waves, Meta is now looking to axe middle-management roles. The tech giant has already...

Upgrad may let go of hundreds of its employees in the days to come, reported IANS. If the source is to be believed, people aware...

Amidst the layoff season in the technology sector, Googlers are now feeling restless as uncertainty about their future mounts. In September, in an endeavour...

As part of an attempt at rightsizing some businesses, Cisco, the networking company, has begun the process of job cuts, doing away with about...

In addition to losses, Swiggy, the food-delivery platform has been grabbing headlines for the ongoing strike by its employees in Kochi. Now, according to...

Oyo is undergoing major restructuring, with some teams being merged and functions being integrated. The hospitality chain is letting go 600 employees, but is...

Teachmint, an Indian edtech startup has decided to lay off 45 employees, that is, about five per cent of its total workforce. Without disclosing...

Fidelity National Information Services (FIS), Pune, the Indian arm of the American multinational fintech firm, is on a layoff spree, to deal with redundancy....

In an attempt to cut annual costs by about $1.4 billion, Hewlett-Packard, the computer-manufacturing company, is planning to let go about 4,000 to 6,000...

Zomato, the online food-delivery platform is reportedly set to reduce its about 3,800-strong workforce by four per cent. That means, at least a 100...

Meta, which is Facebook’s parent company, is all set to lay off thousands of employees this week. As per Wall Street Journal, a formal announcement...

With the fear of recession having gripped organisations worldwide, the focus on hiring freezes has increased. In fact, 33 per cent CEOs in India...

In a virtual meeting, Boeing has conveyed to its non-unionised corporate employees that it is all set to outsource its finance and accounting jobs...

Ola appears to be focussing more on non-software engineering domains, with emphasis on enhancing its capabilities in the areas of engineering, as well as...

In a bid to make Google 20 per cent more efficient, the tech major may have to resort to job cuts. Admitting that the pace...

Rising costs, economic slowdown and underperformance seem to be the main reasons for 3M’s decision to cut jobs. As part of cost-cutting measures, the...

With Meta, earlier Facebook, considering downsizing, many contract workers marched in protest at the Company’s headquarters. These unionised workers are seeking fair contracts. As per...

As part of the Company’s efforts to address costs and redeploy resources, Ford is set to reduce its team size by about 3,000. The...

Xiaomi, the Chinese smartphone manufacturer, has laid off about 900 people, affecting about three per cent of its over-32,000-strong workforce. The reason is the...

Snapchat, the multimedia instant messaging app and service, is reportedly gearing up to reduce headcount. Its parent company, Snap reported losses of almost $10...

Ola, the ride-hailing platform has shifted focus to its electric vehicles (EV) business and to the manufacture of lithium-ion (Li-ion) batteries. The Company has started...

With the focus shifting to electric vehicles (EV), Ford plans to reduce headcount in the engine business. The US car manufacturer wishes to invest...

That the economic environment is unfavourable is clear now, with even Microsoft downsizing. The tech major has cut 1,800 jobs as part of an endeavour...

In a bid to control costs and increase efficiency, Ola, the ride-hailing company may sack at least 400 people. This downsizing is reportedly being...