Tag: Firing

HP to cut at least 4,000 jobs in 3 years

In an attempt to cut annual costs by about $1.4 billion, Hewlett-Packard, the computer-manufacturing company, is planning to let go about 4,000 to 6,000...

Indian employee fired 2 days after joining Meta

When Himanshu V relocated to Canada a few days ago, he had not even in his wildest dreams imagined that he would be fired...

Thousands may be laid off at Meta this week

Meta, which is Facebook’s parent company, is all set to lay off thousands of employees this week. As per Wall Street Journal, a formal announcement...

Philips to let go 4,000 employees

Philips is planning to cut five per cent of its workforce, globally. That means, about 4,000 employees will be asked to leave. The tech...

Sacked employee sues Tesla for ‘unprofessionalism’

A former Tesla employee, Roosevelt Jointer, from Reno, Nevada, has filed a case in a Texas court because the auto company sacked him without...

BNP to pay banker $327,300 for unfairly firing him years after...

BNP Paribas, the France-based international bank, will be liable to pay a former employee/banker — who was fired by the Bank following a newspaper...

Better.com CEO back to work after firing 900 virtually, apologising

Vishal Garg, who grabbed headlines for the brutal manner in which he fired about 900 employees of Better.com, the digital mortgage lending service, has...

700 fired at Mayo Clinic for not meeting vaccination deadline

Minnesota-based Mayor Clinic fired about 700 employees for not getting vaccinated within the set deadline of January 3, 2022. Of course, those who had...

FedEx will let go over 6,000 employees in Europe

American multinational delivery services company, FedEx, has decided to reduce its workforce by about 6,300 employees in Europe. The job cuts will be carried...

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...

Deutsche Bank to shut 200+ branches , 350 jobs at risk

Deutsche Bank’s retail banking sector plans to close 200 branches over the next two years. This means, about a 100 branches of Deutsche Bank...

Google in the dock for forcing Black tech co-lead to resign

Over 1,400 members of Google’s workforce have come together to protest the firing of Timnit Gebru, technical co-lead at the technology company’s ethical artificial...

VMware ‘rebalances’ workforce, lays off 200 employees

While layoffs are resorted to as part of cost-cutting measures by most organisations, there are also companies that lay off their employees as part...

Vodafone Idea sacks nearly 1500 employees as a cost-cutting measure

In a bid to cut operational costs, telecom operator, Vodafone Idea (VIL), has laid off nearly 1500 permanent employees. Responding to the financial crisis at...

PayU lays off staff at credit lending unit, PaySense

PayU, the fintech company owned by Naspers, has slashed jobs at its digital credit-lending business, PaySense. Although the exact number of layoffs is yet...

Social-media posts allege forced termination of ICICI staff, Bank denies

Several social-media posts by people, claiming to be ICICI employees, seem to suggest that many ICICI staff have lost their jobs during the pandemic....

Cognizant to lay off nearly 18000, faces legal action from KITU

After receiving numerous complaints from employees of the IT firm Cognizant, Karnataka State IT/ITeS Employees’ Union (KITU) said it had initiated legal action against...

Tesla denies allegations of threatening employees with termination

After several Tesla employees alleged that the Company threatened to fire them for not returning to work, the electric car company has denied having...

Airbus to sack 15,000 employees, calls it ‘gravest crisis ever’

The impact of the coronavirus pandemic and the lockdown it triggered is clearly visible in the aviation industry. The latest to go for downsizing...

Press Council of India seeks clarification from The Hindu for sacking...

The outbreak of coronavirus has been devastating for many industries and the latest to feel the pandemic heat is the media industry. Enforcing pay-cuts,...

PaisaBazaar slashes over 1500 jobs

The lockdown has cost yet another mass job loss. This time it’s at SoftBank-funded PaisaBazaar.com, where 1,500 employees have been shown the exit door....

Sensitive dismissals are the need of the hour

Businesses across all sectors have had a tough time this year, with only a few of them beginning to get back on their feet....

Coronavirus impact: BookMyShow to lay off and furlough employees

Online ticket booking company, BookMyShow, has laid off or furloughed 270 employees, making it the latest addition to the list of well-funded consumer internet...

Uber cuts one fourth of its India workforce, lays off 600

Like many other businesses, companies such as Uber have been hit severely by the nationwide lockdown. In order to limit the damage, the vehicle...

Virtual exit for virtual employees

When it comes to layoffs, there is never an easy way to go about it. It is a complicated, time-consuming affair and one of...

Barclays to lay off 100 senior employees

In a bid to cut costs, Barclays, the British lender, is expected to lay off about a 100 senior employees. It is reported that...

Hero Motocorp fires 30 staff members on ethical grounds

These employees were not only found guilty of fudging travel-expense bills, but also of accepting personal favours, gifts and other benefits from some of the vendors, suppliers and dealers . 

Apple fires employee for iPhone X leaks by daughter

The American multinational technology company has stringent policies wherein the staff is sworn to secrecy regarding product info.

Tesla Motors fires over 400 employees in annual appraisal process

The Company will also be hiring new employees considering the high demand for its vehicles.

Next qtr will see more hiring and firing: Survey

Around 38 per cent of participating companies plan to fire managerial-level employees, while there will be only 29 per cent reduction in the workforce in the current quarter. Speed of hiring is expected to go up from 62 to 88 per cent.

Why a coaching culture and not any other culture?

“Would you tell me, please, which way I ought to go from here?” “That depends a good deal on where you want to get to,”...

Latest

DCM Shriram Group beefs up its HR leadership team

DCM Shriram Group has new faces in its leadership rank. While Hameed Jung has joined as vice president and group learning head, DCM Shriram,...

Hinduja Group rejigs HR leadership

Ashok Leyland, the commercial vehicle manufacturer and part of the Hinduja Group has announced the appointment of Sanjay V Jorapur as its new president...

WB govt staff protest, demand DA hike

Employees of the West Bengal government have been seeking revision of dearness allowance as per the 7th Pay Commission. They held protests outside the...

Dentsu India ropes in Unmesh Pawar as CPO

Denstu has appointed Unmesh Pawar as the new chief people officer for India and South Asia. Before Pawar, Rohit Suri who moved on to...

DIALOGUE

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....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...