Tag: downsizing
Shell to slash 9,000 jobs, shift to low-carbon energy
Royal Dutch Shell is set to slash about 7,000 to 9,000 jobs by 2022, that is more than 10 per cent of its workforce,...
Singapore Airlines pilots prefer 60% pay cut to job loss
Pilots of Singapore Airlines are willing to take further pay cuts to remain employed. On September 18, an agreement was reached between Singapore Airlines...
“No layoffs post merger of OBC, UBI and PNB,” assures MD...
SS Mallikarjuna Rao, MD and CEO, Punjab National Bank (PNB), has assured the employees that no jobs will be slashed following the merger of...
Downsizing in manufacturing is not rightsizing, but just a temporary strategy
There have been a few unusual realisations for every organisation during these past few months. For the manufacturing sector— across apparel, paint, auto and...
Survivor’s guilt: What those who escape the axe feel after layoff
These past few months have been witness to multiple layoffs across companies, in various sectors. The remaining lot feel relieved, yes, but they also...
KPMG to lay off 200 in Britain amidst dip in demand
Multinational professional services firm, KPMG, will be slashing about 200 jobs in Britain amidst unprecedented fall in demand for professional services, due to the...
Lufthansa to slash 22,000 jobs, strikes bailout deal with German govt
Lufthansa announced its intention to lay off about 22,000 full-time employees, as it sees no hope of demand for travel recovering any time soon,...
2nd round of job cuts at Uber, 45 offices to close...
Only about a week back, Uber had made headlines for the manner in which it had asked about 3,700 employees to leave, over multiple...
750 jobs to be slashed at Apollo Tyres plant, in the...
Apollo Tyres is planning to slash about 750 jobs at its plant in the Netherlands, by 2022. The job cuts are aimed at ensuring...
Telenor to cut 15% more jobs by 2023
Over the last four to five years, telecom company, Telenor, has cut 22 per cent of jobs, in addition to acquisitions and divestment. Now,...
Expedia to lay off 3,000
Online travel company, Expedia, will slash about 3,000 jobs worldwide following unsatisfactory performance last year. The Company’s websites are mainly travel aggregators and search...
How Oyo benchmarked its exit process
The term ‘layoff’ finds its way into newspapers and headlines quite often these days. A humane approach to the exercise is becoming a hot...
South African Airways in a hurry to cut jobs and reduce...
South African Airways (SAA) is planning to decrease its wage bill by cutting jobs as soon as possible. The state-owned airline had revealed in...
OYO to cut 500 jobs in India
Hospitality company, OYO, is planning to cut down its workforce in India by 500. Employees in the partner-facing experience and business development teams will...
Tata Motors puts rumours of layoff to rest
Despite the economic slowdown and the volatile market, Tata Motors has quashed rumours of downsizing. In fact, the Company is very optimistic about the...
Infosys to layoff at least about 12000
Infosys is reportedly planning to lay off about 2,200 senior managers, that is, those belonging to the job level 6, as well as about...
HP India to slash 7000 – 9000 jobs globally in 3...
Multinational information technology company, Hewlett-Packard (HP), is expected to lay off 500 employees in India. The Company is gearing up to restructure globally and...
HSBC expected to lay off about 10,000 jobs
HSBC, the British multinational investment bank and financial services holding company, may lay off about 10,000 employees in a major step towards cutting costs....
Indian handsets sector rendered 250,000 jobless in two years
With several thousands of small phone-retailing shops shutting down, about 15 per cent of the workforce in the handsets segment of India has been...
HTC to downsize Taiwan office, slash 1500 jobs
The move will help realign the Company’s resources and facilitate operational flexibility.
Huawei downsizes India workforce by 30 per cent
Following the layoff, Huawei’s team strength in India has reduced to 8000.
LeEco India looks to rightsizing its workforce
The company is apparently looking at controlling costs and revamping its strategies.
Standard Chartered to trim workforce by 10 per cent
As part of cost cutting, the organisation is planning to lay off a tenth of its global workforce beginning with Singapore and Hong Kong.
PharmEasy to double its employee base in six months
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.
When layoffs become inevitable: The painful story
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!
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...
Harness.io: Cultivating a talent powerhouse in the tech crucible
The tech scene, be it in India or San Francisco, is equally crucible, fiercely competitive and unforgiving. In both the landscapes, attracting and retaining...
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...
H-1B visa holders can fight visa-denial case if employers commit fraud
If Indian H-1B visa holders find that their visa is about to be revoked just because their employer has been found to have indulged...
Latest
How Poonawalla Fincorp fosters a culture of employee centricity
Poonawalla Fincorp stands out for its unorthodox approach. Here, success isn’t solely measured by the bottom line; it’s about cultivating a symbiotic relationship where...
Sahana Shankar is head of India HR, Duck Creek Technologies
Duck Creek Technologies, a company that provides intelligent solutions to property and casualty (P&C) and general insurance industry, has roped in Sahana Shankar to...
Finland seeks Indian talent to drive innovation and growth
In a bid to bolster its tech landscape and foster innovation, Finland is actively recruiting talented individuals from India. With its reputation as the...
Time to give traditional productivity metrics an overhaul
Imagine a bustling office where traditional productivity metrics reign supreme, where sales numbers, units produced and hours worked are meticulously tracked and analysed. However,...
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....
