Tag: Job Cuts

‘Sight of crying co-workers is demotivating,’ says Amazon employee

Amidst massive layoffs at Amazon India, the atmosphere is becoming very grim according to an employee who described the scenes at work on an...

Vimeo may ask 11% of workforce to leave

Given the uncertainty of the economic environment, Vimeo has decided to axe 11 per cent of the jobs in the organisation. The American video-hosting...

Will Amazon lay off 17,000?

It is true that Amazon had plans to reduce the size of its workforce. However, the number of job cuts may be more than...

Cisco is cutting over 4,000 jobs

As part of an attempt at rightsizing some businesses, Cisco, the networking company, has begun the process of job cuts, doing away with about...

More jobs to be axed at Twitter?

Only last week Twitter had made headlines when many employees had quit the social-media company in response to Elon Musk’s ‘ultimatum’. Musk had said that...

Microsoft lays off about 1,000 employees

Taking into account business priorities, Microsoft has yet again decided to make some structural changes, and how! The tech major has laid off employees...

Is Intel planning to lay off 12,000 in October 2022?

With a dip in the sales of personal computers or PCs, Intel is reportedly planning to lay off a significant number of people, primarily...

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...

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...

Will there be layoffs at Apple and Google?

In what looks like a sure shot indication of a slowdown, Apple Inc. has laid off many contract-based recruiters as part of an attempt...

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...

Amazon has laid off 1 lakh

With Amazon realising it has more employees than it requires — having hired more during the demand surge due to the pandemic, and to...

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...

Spanish bank to lay off over 6,452 instead of 8,291

Caixabank, which had initially planned to lay off about 8,291 earlier this year, agreed to reduce the number to 6,452 following discussions with unions...

Deutsche Bank wants women in 30% senior roles in 5 years

Deutsche Bank presently has about 600 senior executives, with only about 24 per cent of them being women. Now, the German lender, is aiming...

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...

Deutsche Bank to slash about 400 jobs

About 400 jobs will be slashed at Deutsche Bank in Germany. This is part of the Bank’s restructuring plan that had begun in 2019...

Airlines across the world struggling to survive

Philippine Airlines, which is owned by billionaire Lucio Tan, will slash 2,300 jobs within two months. That means, one-third of its workforce will have...

More junior staff to be laid off at Standard Chartered

Standard Chartered will cut more jobs as part of its ongoing restructuring process. This time, more employees at the junior level are expected to...

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...

Workforce rehaul at Coca-Cola, 2,200 to be laid off globally

Coca-Cola Company, the American multinational beverage firm, is set to reduce its global workforce by 2,200. In the US itself, it will let go...

Deutsche Bank may move 4,600 New York staff to smaller hubs

Deutsche Bank is deliberating moving from its bigger office in Wall Street, New York to a smaller office in Time Warner Centre near Central...

Debenhams, Arcadia to close stores; 25,000 jobs may be cut

Debenhams, the 242-year old British clothing retailer, with department stores in Denmark and the UK, is gearing to shut down its stores in Britain....

ABN Amro to lay off 2,800 people, to digitise

As part of cost-cutting measures, ABN Amro plans to lay off about 15 per cent of its workforce. This means, about 2,800 people will...

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...

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...

Employee strikes in European countries

On January 25, 2023, at Berlin Brandenburg Airport (BER), all passenger flights were canceled as airport staff walked out because of a dispute over...

Latest

IBM misses cash target, axes 3,900 jobs

IBM is gearing to axe 3,900 jobs as part of an asset divestment exercise. The Company has been unable to achieve its cash target...

Transgender employment and quotas: Delhi HC seeks Centre’s stance

The Delhi High Court has requested a response from the Indian government regarding a petition that calls for the employment of transgender individuals and...

Mass layoffs causing burnout for HR

Layoffs are becoming increasingly common in today's business environment, and can create a difficult and unpleasant situation for both the organisations and the affected...

Godrej announces plans to hire 800-1000 employees in 2023

Godrej Properties, a leading real estate developer, has announced plans to hire 800-1,000 employees in 2023 as part of its robust land acquisition pipeline....

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...