Tag: Job Cuts

8% of Accenture workforce in UK laid off

Accenture, the multinational professional services company is reducing its workforce in the UK by about eight per cent. That means, about 700 to 900...

Qantas Airways to slash 6,000 jobs, ground 100 planes

Qantas Airways, Australia’s largest airline, intends to raise close to A$1.9 billion ($1.3 billion) and slash at least 6,000 jobs, as part of its...

AT&T to cut 3,400 technician and clerical jobs in the US

American multinational telecommunications company, AT&T is considering laying off more than 3,400 technicians and clerks in the US. The American wireless carrier has shared...

Capita to slash 200 jobs in a bid to cut costs

Capita, London-based international business process outsourcing and professional services company, is planning to lay off about 200 employees, as per media reports. The Company, which...

Over 1,100 employees laid off at Shoppers Stop

Around 1000 frontline workers at one of India’s oldest retail chain, Shoppers Stop, have lost their jobs to the covid-19 pandemic. As is the...

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....

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,...

Edelman lays off 390, cuts 5-20% pay of remaining staff

Edelman, the American public relations and marketing consultancy firm, has announced job cuts. It will be laying of about seven per cent of its...

ZF to lay off 15,000 jobs in 5 years

ZF Friedrichshafen, the German company that manufactures auto components, will be slashing about 15,000 jobs over a period of five years, and most of...

IBM cuts jobs across the US

International Business Machines (IBM) has reportedly laid off thousands of employees across the US, irrespective of age, tenure and seniority. While the exact number...

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...

3,700 full-time jobs to be slashed at Uber

With the pandemic and related restrictions imposed by nations across the world, the demand for app-based rides fell drastically over the last couple of...

Ryanair to lay off 3,000, sees no hope of business improving...

Ryanair, the Irish budget airline, is planning to slash 3,000 jobs, as it does not see demand picking up before 2022. It is also...

OYO: No job cuts in India, but furloughs in the US

OYO has officially announced that while the Company will go ahead with furloughs and temporary leaves in the US and some other markets, no...

Mountaineering expeditions in Nepal stopped, 20,000 jobs may be lost

As part of measures to check the spread of coronavirus, Nepal has stopped issuing visas on arrival to tourists, irrespective of the country they...

Tata Steel Europe to slash 1,200 jobs

Tata Steel is considering slashing about 1200 jobs in Europe in a bid to increase profits. The steel manufacturing company, which has about 20,000...

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,...

Cisco expected to slash jobs yet again

With macroeconomic pressure mounting and the coronavirus scare also affecting sales, Cisco Systems is set to slash jobs in yet another round of layoffs....

British banks to cut jobs as demand for digital services grows

In an attempt to keep up with customers shifting online, and implement cost-cutting measures, Lloyds Banking Group and Virgin Money are going to downsize. While...

HSBC announces 35,000 job cuts as profit falls in 2019

Europe’s largest bank, HSBC, has reported a 33 per cent fall in 2019 pre-tax profit, to $13.35 billion after it took goodwill impairment of...

Rising costs force hospitality major OYO to increase layoffs

OYO Hotels and Homes is planning to increase the number of job cuts to 2000, that is, about 1500 more than what was planned...

Tata Steel may lay off 3,000 in Europe

Tata Steel, the Indian multinational steel manufacturing company, is all set to strengthen its European business and increase profits. In the process, it plans...

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...

HSBC to layoff staff across North Africa, Turkey, and the Middle...

HSBC Holdings is planning another round of layoffs, wherein hundreds of its employees in the Middle East, North Africa and Turkey may be rendered...

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....

Sanofi to lay off hundreds in Japan

It is not just the automobile industry that is facing a slump. The pharmaceutical sector is also facing pressure. Sanofi SA, the French multinational...

Siemens to lay off 2,700 employees

With demand for renewable power increasing by the day, Siemens is experiencing low demand for gas turbines. Therefore, the Company plans to lay off...

Cognizant to lay off employees in India

Cognizant, the US-based IT services company, is expected to lay off a significant number of its employees, most of them in India. It is...

Cathay Pacific set to cut overseas jobs as part of restructuring

The airline is attempting to slash HK$4 billion from its books to reverse two consecutive years of losses.

Airtel–Telenor merger costs 700 jobs

Almost the same number of employees were also absorbed into the merged entity. 

Job cuts likely in IBM

India will be the most affected as one-third of IBM’s workforce is based out of here.

Maharashtra Government considering 30% cut in total workforce

The State Government Gazetted Employees’ Union may oppose the cut.

Employees protest against Siemens’ proposal to cut 6900 jobs

The German government has pressed for a fair bargain so that both parties are satisfied.

Now banks cut jobs

The job cuts can be attributed to digitisation and automation rendering staff redundant.

McDonald’s closes 169 outlets in North and East India, staff at...

Thousands of employees await a solution following the Company’s termination of franchise agreement with CPRL.

Seagate cuts 2000 jobs: Shuts down factory in China

The move, a result of subdued market demand, is aimed to optimise operational efficiency.

ZTE cuts 3000 jobs globally

The Shenzhen-based telecoms gear maker, is reportedly laying off about five per cent of its 60,000 strong global workforce.

Shell to move about 400 jobs from Glasgow to India and...

The staff of the oil company were told that the office would be closed and they were facing ‘involuntary severance’.

Ericsson to cut 3,000 jobs: Plans to stop manufacturing in Sweden

The company is apparently planning to cut 3,000 jobs as part of the cost cutting and manufacturing unit shut-down plan.

Infosys to reshuffle 3,000 jobs post RBS’ decision to cancel project

The company will carry out an orderly ramp-down, chiefly in India, over the next few months.

LEARN- ENGAGE- TRANSFORM

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How to meet the expectations of today’s learner and learning environment?

It is no secret that the global health crisis has led organisations to quickly rethink their existing business processes and undertake several workplace shifts,...

Close big engagement gaps with little things: Appreciation at work

You say “Thank you”. What they hear is, “Please accept my standard, HR protocol-approved format for acknowledging your most recent activity that was intended...

Strategic rewards and recognition best practices

Luminous India realised that a strong rewards and recognition strategy was necessary to build a culture of innovation amongst its employees. Xoxoday helped design...

Employee Benefits & Engagement

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7 Employee Engagement Strategies to Adopt Post Lockdown Period

The ongoing pandemic has pushed many businesses into a state of turmoil. Several countries had to initiate lockdown procedures to stop the spread of...

The undeniable link between employee benefits & engagement

With most of the millennials already in the workforce and Generation Z slowly increasing its footprint in the corporate world, Employee Perks and Benefits...

5 Employee Benefits Your Workforce Actually Wants

Retaining employees is a marathon and not a sprint. We have moved past the age when a handsome  salary was all that employees sought....

Latest

‘Provide paid quarantine leave to factory workers’: Karnataka HC

While organisations are taking adequate measures to maintain health and safety across plants and factories, there are still cases of workers contracting the virus...

Uber extends work-from-home for employees till June 2021

Following in the footsteps of Google, ride-hailing company, Uber, has announced the extension of its work-from-home (WFH) policy through June 2021. However, employees may also...

Over 100 contract employees of PEL rendered jobless  

The pandemic has hit businesses hard and the Indian Space Research Organisation (ISRO) is no exception. Contract engineers and technicians who are integral to...

Arsenal cuts 55 jobs as the sports arena reels under pandemic

The COVID pandemic has impacted the sports, leisure and entertainment sectors deeply. The latest to feel the impact is Arsenal, the London-based professional football...

DIALOGUE

The right people policy for startups – Madan Nagaldinne

You happen to have worked mostly with large organisations. How different is it working for a startup now? When you have worked for big...
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“Archaic HR processes force millennials to switch jobs often,” Niti Khosla, lead people analytics...

Friendly and jolly Niti Khosla, lead-people analytics and business impact, Novartis International, is a true HR leader with the ability to understand people and...

“Traditional organisations use ‘startups’ as proxy to build an agile organisation,” Rahul Garg, founder,...

Moglix offers a variety of products from safety and electronics to office tools. The Company aims to make an impact worth $100 billion dollars...