International Business Machines (IBM) has reportedly laid off thousands of employees across the US, irrespective of age, tenure and seniority.…
Browsing: Job Cuts
Only about a week back, Uber had made headlines for the manner in which it had asked about 3,700 employees…
With the pandemic and related restrictions imposed by nations across the world, the demand for app-based rides fell drastically over…
Ryanair, the Irish budget airline, is planning to slash 3,000 jobs, as it does not see demand picking up before…
OYO has officially announced that while the Company will go ahead with furloughs and temporary leaves in the US and…
As part of measures to check the spread of coronavirus, Nepal has stopped issuing visas on arrival to tourists, irrespective…
Tata Steel is considering slashing about 1200 jobs in Europe in a bid to increase profits. The steel manufacturing company,…
Over the last four to five years, telecom company, Telenor, has cut 22 per cent of jobs, in addition to…
With macroeconomic pressure mounting and the coronavirus scare also affecting sales, Cisco Systems is set to slash jobs in yet…
In an attempt to keep up with customers shifting online, and implement cost-cutting measures, Lloyds Banking Group and Virgin Money…
Europe’s largest bank, HSBC, has reported a 33 per cent fall in 2019 pre-tax profit, to $13.35 billion after it…
OYO Hotels and Homes is planning to increase the number of job cuts to 2000, that is, about 1500 more…
Tata Steel, the Indian multinational steel manufacturing company, is all set to strengthen its European business and increase profits. In…
Infosys is reportedly planning to lay off about 2,200 senior managers, that is, those belonging to the job level 6,…
HSBC Holdings is planning another round of layoffs, wherein hundreds of its employees in the Middle East, North Africa and…
Multinational information technology company, Hewlett-Packard (HP), is expected to lay off 500 employees in India. The Company is gearing up…
HSBC, the British multinational investment bank and financial services holding company, may lay off about 10,000 employees in a major…
It is not just the automobile industry that is facing a slump. The pharmaceutical sector is also facing pressure. Sanofi…
With demand for renewable power increasing by the day, Siemens is experiencing low demand for gas turbines. Therefore, the Company…
Cognizant, the US-based IT services company, is expected to lay off a significant number of its employees, most of them…
The airline is attempting to slash HK$4 billion from its books to reverse two consecutive years of losses.
Almost the same number of employees were also absorbed into the merged entity.
India will be the most affected as one-third of IBM’s workforce is based out of here.
The State Government Gazetted Employees’ Union may oppose the cut.
The German government has pressed for a fair bargain so that both parties are satisfied.
The job cuts can be attributed to digitisation and automation rendering staff redundant.