Credit Suisse was bought over by the UBS Group in June. Post this acquisition, UBS had revealed its intention to…
Browsing: downsizing
Headcount is being reduced at Amazon’s 40+ Fresh grocery stores across the US. The retailer is doing away with the…
Navi Technologies, the non-banking financial company (NBFC) — dealing in digital loans, home loans, mutual funds, health insurance and micro-loans…
It is reported that Xiaomi India may be planning a round of layoffs, with the aim of bringing down its…
Byju’s, the edtech platform, has been trying to streamline operations, cut costs and improve profitability for some time now. As…
In an attempt to cut costs and increase margins, Cognizant, the IT services company is planning to lay off 3,500…
As part of global cost-cutting measures, Ericsson, the telecom networking company is set to reduce its 14,500-strong workforce in Sweden…
Since the year 2020, employers in the US have axed the maximum jobs, reveals a report. About 1,02,943 jobs were…
Having sacked over 11,000 employees in a layoff news that created waves, Meta is now looking to axe middle-management roles.…
Upgrad may let go of hundreds of its employees in the days to come, reported IANS. If the source is…
Amidst the layoff season in the technology sector, Googlers are now feeling restless as uncertainty about their future mounts. In…
As part of an attempt at rightsizing some businesses, Cisco, the networking company, has begun the process of job cuts,…
In addition to losses, Swiggy, the food-delivery platform has been grabbing headlines for the ongoing strike by its employees in…
Oyo is undergoing major restructuring, with some teams being merged and functions being integrated. The hospitality chain is letting go…
Teachmint, an Indian edtech startup has decided to lay off 45 employees, that is, about five per cent of its…
Fidelity National Information Services (FIS), Pune, the Indian arm of the American multinational fintech firm, is on a layoff spree,…
In an attempt to cut annual costs by about $1.4 billion, Hewlett-Packard, the computer-manufacturing company, is planning to let go…
Zomato, the online food-delivery platform is reportedly set to reduce its about 3,800-strong workforce by four per cent. That means,…
Meta, which is Facebook’s parent company, is all set to lay off thousands of employees this week. As per Wall…
With the fear of recession having gripped organisations worldwide, the focus on hiring freezes has increased. In fact, 33 per…
In a virtual meeting, Boeing has conveyed to its non-unionised corporate employees that it is all set to outsource its…
Ola appears to be focussing more on non-software engineering domains, with emphasis on enhancing its capabilities in the areas of…
In a bid to make Google 20 per cent more efficient, the tech major may have to resort to job…
Rising costs, economic slowdown and underperformance seem to be the main reasons for 3M’s decision to cut jobs. As part…
With Meta, earlier Facebook, considering downsizing, many contract workers marched in protest at the Company’s headquarters. These unionised workers are…
As part of the Company’s efforts to address costs and redeploy resources, Ford is set to reduce its team size…