Tag: Job Cuts

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.

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The best laid L&D plans begin with competency mapping and performance...

Growth-oriented business organisations demonstrate high degrees of agility, which keeps them in the fast lane. They are quick to change and are able to...

Employee Benefits & Engagement

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How to keep women professionals engaged

How to keep women professionals engaged

Organisations need to focus on ensuring that their women do not quit. Looks like women are quitting their jobs at a faster rate than men....

A cognitively diverse workforce is also a highly engaged one

The importance of hiring candidates who fit into the organisation’s culture is a topic that has been discussed by HR professionals for ages. Organisations...

How meetings can be made interactive and engaging

Many an employee has complained about boring meetings at the workplace. In fact, meetings are rarely looked forward to, especially if they happen very...

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Ok boomer not ok at the workplace

‘Ok Boomer’ not ok at the workplace

  Young millennials are dismissing the baby boomer generation through this catch phrase. How is corporate India responding to this phenomenon? Can it destroy the...

Educated Unemployed – What Will 2020 Be for India’s Youth?

India’s Employment Crisis: Rising Education Levels and Falling Non-agricultural Job Growth, co-authored by Santosh Mehrotra and Jajati K Parida, reports a highest-ever unemployment peak...

Oyo employee does his bit for laid off colleagues

Jasmit Singh, head-enterprise sales, Oyo, posted on LinkedIn to help place co-workers who have been rendered jobless.   Following the laying off of about 2400 Oyo...

TCS has hired 39,000 freshers in FY20

  The IT company has been trying to strengthen its middle level of employees to ensure better performance in the year 2020-21. Tata Consultancy Services (TCS)...

DIALOGUE

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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...
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“A true leader is not dependent on title or designation,” Dwarakanath

It was a Friday afternoon, when the HRKatha team got the opportunity to meet a man who is not just a recognised leader but...