Xiaomi, the Chinese smartphone manufacturer, has laid off about 900 people, affecting about three per cent of its over-32,000-strong workforce.…
Browsing: downsizing
Snapchat, the multimedia instant messaging app and service, is reportedly gearing up to reduce headcount. Its parent company, Snap reported…
Ola, the ride-hailing platform has shifted focus to its electric vehicles (EV) business and to the manufacture of lithium-ion (Li-ion)…
With the focus shifting to electric vehicles (EV), Ford plans to reduce headcount in the engine business. The US car…
That the economic environment is unfavourable is clear now, with even Microsoft downsizing. The tech major has cut 1,800 jobs…
In a bid to control costs and increase efficiency, Ola, the ride-hailing company may sack at least 400 people. This…
It hasn’t been long since Elon Musk, CEO, Tesla had expressed concern over the state of the economy and that…
Coinbase, the global trading platform for crypto currency, has announced that it will lay off 18 per cent of its…
FarEye, the SaaS-based logistics startup, which had a 750-strong workforce, has let go 250 employees across its offices in India,…
FrontRow, the edtech startup, has laid off about 145 members of its team, that is, 30 per cent of its…
Nokia, the Finnish telecom equipment manufacturer, is all set to get rid of per cent of its workforce. That means,…
Many banks across the world have resorted to layoffs following the pandemic-induced slump last year. Robobank is also planning to…
As part of Boeing’s efforts to ensure efficiency by operating as a leaner and more streamlined organisation, The Company will…
In Melville, US, the Newsday Media Group is all set to layoff a significant number of employees in the IT,…
Danone SA, has decided to slash 2000 jobs, as a part of its structural reorganisation plans and cost-cutting measures. The…
Following huge losses, of up to €1.6 billion ($ 1.9 billion), the German multinational, Thyssenkrupp, is considering laying off 5,000…
Dutch bank, ING, will lay off 1000 employees by 2021 and shut its offices in South America and Asia. Nike…
Amidst the drop in demand and pandemic-induced crisis, Exxon Mobil is planning to let go one fourth of its workforce…
Social media posts indicate that the dreaded layoffs have begun at Wells Fargo. The impact will be felt across all…
Cathay Pacific Airways announced the slashing of 5,900 jobs in Hong Kong and the ending of Cathay Dragon, its regional…
With the aviation sector struggling to recover from the slump in business, Finland’s national carrier, Finnair is now gearing to…
Royal Dutch Shell is set to slash about 7,000 to 9,000 jobs by 2022, that is more than 10 per…
Pilots of Singapore Airlines are willing to take further pay cuts to remain employed. On September 18, an agreement was…
SS Mallikarjuna Rao, MD and CEO, Punjab National Bank (PNB), has assured the employees that no jobs will be slashed…
There have been a few unusual realisations for every organisation during these past few months. For the manufacturing sector— across…
These past few months have been witness to multiple layoffs across companies, in various sectors. The remaining lot feel relieved,…