Tag: Job Cuts
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...
Finnair to cut 700 jobs
With the aviation sector struggling to recover from the slump in business, Finland's national carrier, Finnair is now gearing to slash about 700 jobs,...
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...
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...
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...
Tata Steel: Journey through excellence in talent acquisition
Tata Steel, part of the Tata Group, is a multinational steel-making company headquartered in Mumbai, India. It is one of the world's leading steel...
Toshiba to let go 5000 in Japan
Toshiba is contemplating a significant downsizing of its workforce in Japan, eyeing a reduction of about 5,000 positions. The move is said to affect...
Latest
Will Citi let go 22,000 roles by 2026?
In the process of doing away with five layers of management, Citi’s management layers have been reduced to eight, from the previous 13. The...
Google trims workforce as economic uncertainty looms
Google is implementing layoffs in an effort to trim costs, with an undisclosed number of employees affected, reports Reuters. The layoffs are not widespread, and...
Kerala IT firms opt for long tests over traditional hiring methods
Discarding conventional hiring methods, information technology (IT) firms in Kerala are going for tests suited to the modern digital era, to gauge the suitability...
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...
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....
