Tag: Job Cuts
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...