Tag: downsizing
Will Ola lay off employees as part of restructuring?
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...
Will Google resort to layoffs?
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...
3M to cut costs, lay off part of safety & industrial...
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...
Meta’s contractual workers protest, seek fair contracts
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...
Ford to lay off 3,000 in India, Canada, US
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...
900 laid off at Xiaomi amidst revenue drop
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 plans jobs cuts
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 starts laying off; 1,000 to be rendered jobless
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...
Ford looking to downsize, focus on EV business
With the focus shifting to electric vehicles (EV), Ford plans to reduce headcount in the engine business. The US car manufacturer wishes to invest...
Microsoft’s ‘realignment’ exercise results in 1% reduction in headcount
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...
Ola may sack 500 to cut costs
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...
Layoffs begin at Tesla
It hasn’t been long since Elon Musk, CEO, Tesla had expressed concern over the state of the economy and that a 10 per cent...
Coinbase to cut 1100 jobs
Coinbase, the global trading platform for crypto currency, has announced that it will lay off 18 per cent of its workforce, that is, about...
FarEye asks 250 employees to leave
FarEye, the SaaS-based logistics startup, which had a 750-strong workforce, has let go 250 employees across its offices in India, North America and Europe...
145 jobs cut at FrontRow
FrontRow, the edtech startup, has laid off about 145 members of its team, that is, 30 per cent of its workforce. Maximum employees were...
Nokia to slash 10,000 jobs
Nokia, the Finnish telecom equipment manufacturer, is all set to get rid of per cent of its workforce. That means, about 10,000 employees will...
Rabobank to slash 5,000 jobs by 2025
Many banks across the world have resorted to layoffs following the pandemic-induced slump last year. Robobank is also planning to reduce its team size...
Boeing to make workforce lean, lay off 600 employees
As part of Boeing’s efforts to ensure efficiency by operating as a leaner and more streamlined organisation, The Company will
will begin outsourcing information technology...
Employees continue to lose jobs worldwide
In Melville, US, the Newsday Media Group is all set to layoff a significant number of employees in the IT, advertising, marketing, security and...
Danone to undergo structural reorganisation, cut 2000 jobs
Danone SA, has decided to slash 2000 jobs, as a part of its structural reorganisation plans and cost-cutting measures.
The French food company is expected...
5,000 more may be laid off at Thyssenkrupp
Following huge losses, of up to €1.6 billion ($ 1.9 billion), the German multinational, Thyssenkrupp, is considering laying off 5,000 more people from its...
Layoffs at ING, Nike & ESPN
Dutch bank, ING, will lay off 1000 employees by 2021 and shut its offices in South America and Asia. Nike also revealed its intention...
Exxon Mobil to slash 1,900 jobs in the US, 14,000 globally
Amidst the drop in demand and pandemic-induced crisis, Exxon Mobil is planning to let go one fourth of its workforce in the US. This...
50,000 jobs may be slashed at Wells Fargo
Social media posts indicate that the dreaded layoffs have begun at Wells Fargo. The impact will be felt across all departments, business lines and...
Cathay Pacific to slash 24% of its workforce
Cathay Pacific Airways announced the slashing of 5,900 jobs in Hong Kong and the ending of Cathay Dragon, its regional brand, amidst the ongoing...
Finnair to cut 700 jobs
With the aviation sector struggling to recover from the slump in business, Finland's national carrier, Finnair is now gearing to slash about 700 jobs,...