Multinational professional services firm, KPMG, will be slashing about 200 jobs in Britain amidst unprecedented fall in demand for professional…
Browsing: downsizing
Lufthansa announced its intention to lay off about 22,000 full-time employees, as it sees no hope of demand for travel…
Only about a week back, Uber had made headlines for the manner in which it had asked about 3,700 employees…
Apollo Tyres is planning to slash about 750 jobs at its plant in the Netherlands, by 2022. The job cuts…
Over the last four to five years, telecom company, Telenor, has cut 22 per cent of jobs, in addition to…
Online travel company, Expedia, will slash about 3,000 jobs worldwide following unsatisfactory performance last year. The Company’s websites are mainly…
The term ‘layoff’ finds its way into newspapers and headlines quite often these days. A humane approach to the exercise…
South African Airways (SAA) is planning to decrease its wage bill by cutting jobs as soon as possible. The state-owned…
Hospitality company, OYO, is planning to cut down its workforce in India by 500. Employees in the partner-facing experience and…
Despite the economic slowdown and the volatile market, Tata Motors has quashed rumours of downsizing. In fact, the Company is…
Infosys is reportedly planning to lay off about 2,200 senior managers, that is, those belonging to the job level 6,…
Multinational information technology company, Hewlett-Packard (HP), is expected to lay off 500 employees in India. The Company is gearing up…
HSBC, the British multinational investment bank and financial services holding company, may lay off about 10,000 employees in a major…
With several thousands of small phone-retailing shops shutting down, about 15 per cent of the workforce in the handsets segment…
The move will help realign the Company’s resources and facilitate operational flexibility.
Following the layoff, Huawei’s team strength in India has reduced to 8000.
The Company had laid off 100 employees earlier in July.
The company is apparently looking at controlling costs and revamping its strategies.
As part of cost cutting, the organisation is planning to lay off a tenth of its global workforce beginning with Singapore and Hong Kong.
The company plans to expand its talent pool to 500 from a current strength of 200, which is further expected to grow ten times over the next two years.
Loss of job is undoubtedly an emotional time when people feel alone, scared and vulnerable. It is important for an employer to smoothen the termination process, show compassion and empathy and re-instate trust. The employees must see the decision as a necessity for business rather than a witch hunt!
Downsizing may seem to be productive in the short term, but it fails to give sustainable benefits in the long run.