Tag: Job Cuts
286 jobs to be axed at Citigroup in New York
Citigroup will let go 286 of its employees in New York as part of its attempt to cut its workforce strength by eight per...
TikTok cuts costs, roles in sales & advertising
As part of what it calls a reorganisation exercise, TikTok, the Chinese short-video making app has decided to cut the size of its sales...
Amazon is letting go 5% of jobs in ‘Buy with Prime’...
Amazon recently revealed another set of job cuts, reducing positions within the 'Buy with Prime' section. That means, about 30 positions will have to...
Unilever initiates job cuts in Singapore as part of growth strategy
Unilever is making plans to cut jobs in marketing teams for its personal care brands, including Dove, Lux and Lifebuoy, in Singapore.
The company announced...
YouTube axes 100 jobs; more cuts to happen at Google
Google is endeavouring to cut costs and focus on using artificial intelligence (AI). As part of this exercise, YouTube, its video platform has laid...
Lazada faces job cuts in Singapore; junior and senior roles affected
On 3 January 2024, Lazada, the Southeast Asian branch of Alibaba Group, reportedly downsized its Singapore office, letting go of both junior and senior...
EY UK faces job cuts amidst industry challenges
The Big Four firms (Deloitte, EY, KPMG, and PwC) are facing challenges such as increasing costs and less demand. EY in the UK is...
Shell to cut 15% of jobs in low-carbon division
In a drive to boost the company's profitability, Shell, an oil and gas company, has decided to eliminate 15 percent of job roles in...
LinkedIn to axe about 700 more jobs
Almost 700 people may be rendered jobless at LinkedIn as the job-focused social-media platform tries to reorganise and become more agile.
This is the second...
The Washington Post to reduce headcount by 240 amidst dwindling subscriptions
Amidst dwindling subscriptions and advertisements, The Washington Post is looking to axe 240 jobs. It plans to bring these job cuts into effect by...
Fresh round of layoffs at Salesforce; plans to cut more jobs...
According to a report from Bloomberg, Salesforce employees based in Ireland were recently informed of their dismissal. A spokesperson stated that these layoffs were...
Will supercharging Google Assistant lead to job loss?
Google Assistant, the virtual assistant software application available primarily on mobile and home automation devices, is set for a makeover. The app is going...
MCD to reduce job positions in 14 departments
The Municipal Corporation of Delhi (MCD) has recently announced its decision to reduce the number of job positions within its 14 departments. This move...
Stoa makes significant job cuts, lays off 80% workforce
Stoa, a US-based proptech startup, has laid off 80 per cent of its workforce as part of significant cutbacks. Since its inception in 2017,...
Google implements job cuts at Waze
Google is implementing job cuts at its Waze mapping service as part of its ongoing efforts to integrate the unit into its own map...
Deutsche Bank to reduce 1700 jobs in next few years
Deutsche Bank, the largest bank in Germany, plans to reduce its retail job workforce by 10 per cent which means around 1,700 jobs out...
Whooping $226 million for Sundar Pichai while 12,000 employees laid off
Despite the decline in many economies around the world and the resulting job losses, top executives, particularly in the tech industry, continue to earn...
Wipro cuts more jobs in Florida
In recent months, several tech companies, including Amazon, Meta, Google, Microsoft, and Wipro, have announced layoffs, causing stress for many employees.
Wipro, in particular, has...
US tech industry cut 63,000 jobs this year
Of the over 1.8 lakh jobs that have been axed in the US this year, about 63,216 jobs are from the tech industry.
As per...
10,000 Microsoft workers laid off globally; job cuts in ethics &...
As part of a recent global layoff impacting 10,000 workers, Microsoft has reportedly let go of its entire ‘ethics and society’ team within the...
Citigroup axes jobs in investment banking, mortgage units
Citigroup Inc. is axing hundreds of jobs, primarily impacting the investment banking and mortgage units. This round of job cuts will hardly affect one...
GM to cut jobs due to slowed demand
General Motors (GM) chief people officer, Arden Hoffman, announced on Tuesday that the Detroit-based automaker is committed to cost savings of $2 billion in...
KPMG to cut 2% of US workforce
About 700 employees of KPMG, the professional services firm, may be affected as the organisation gears to axe two per cent of its workforce...
Over 1,00,000 jobs axed in the US in January 2023
Since the year 2020, employers in the US have axed the maximum jobs, reveals a report. About 1,02,943 jobs were cut in January 2023,...
‘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...
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...
Why are so many H-1B workers in the US switching jobs?
A recent study has revealed that more and more H-1B visa holders in the US are switching jobs. In fact, there was a record...
Latest
Wipro’s headcount dropped by 6,180 employees in sixth quarter
Wipro's employee strength has decreased for the sixth consecutive quarter. As revealed by the IT services giant's financial report for the period spanning January...
Re-evaluate climate-change legislations, create new ones to protect workers: ILO report
Why does the International Labour Organisation feel that it is time to come up with climate-change specific policies and even create new policies to...
Vistara’s non-flying staff will get clarity about new roles in May-June
Vistara is in the process of being merged with Air India, and the former’s non-flying employees have been anxious about what their roles will...
Poonam Burman takes on CHRO role at Godrej Industries (Chemicals)
After spending well over four and a half years with Unilever, Poonam Burman has joined Godrej Industries (Chemicals) as chief human resource officer.
An alumna...
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....
