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,...

How this energy company is championing employee inclusivity & engagement

In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...

Trident’s Asmita leaves blossom into inclusive workplaces

Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
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Engagement is outdated: The future of success lies in ‘employee involvement’

In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
Tata Steel employee vehicle ban

Tata Steel: Journey through excellence in talent acquisition 

Tata Steel, part of the Tata Group, is a multinational steel-making company headquartered in Mumbai, India. It is one of the world's leading steel...

Saudi Arabia upscales ‘Saudisation’ drive with HR jobs restriction

Saudi Arabia has taken a further step in its ‘Saudisation’ labour policy, reserving human resources (HR) positions for Saudi nationals only. This move, announced...

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Saudi Arabia upscales ‘Saudisation’ drive with HR jobs restriction

Saudi Arabia has taken a further step in its ‘Saudisation’ labour policy, reserving human resources (HR) positions for Saudi nationals only. This move, announced...

Improve quality of jobs: India Employment Report 2024

The India Employment Report 2024 suggests five important missions that India should take on in earnest. One is to make production and growth more...

Salil B Lal rises to head-HR at Maruti Suzuki

In a significant leadership rejig, Maruti Suzuki India has elevated Salil B Lal to the role of head-human resources. Lal has been a part...

Uganda Government mandates weekly exercise for MDAs

In response to the escalating prevalence of lifestyle diseases, the Uganda government has mandated ministries, departments and agencies (MDAs) to conduct weekly physical-exercise sessions...

DIALOGUE

Data analytics and not technology will redefine HR

Q. How satisfying has been your professional journey of 39 years? A. It has been a bagful of mixed experiences. At times I have been...

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....
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