Tag: Job Loss

Tata Steel workers in the UK vote in favour of strike

Members of Unite, the workers' union in Britain, have voted in favour of calling a strike against the closure of blast furnaces by Tata...

Strike to shut down London’s Tube on 4 & 6 Oct.

Thousands of station employees working for London Undergound are planning to walk out on 4 and 6 October 2023, in protest against the poor...

Layoffs can do good

Recently, a former Meta employee shared her story of getting laid off at the big IT giant. She called it her ‘worst fear,’ detailing...

Shopify’s pregnant employee’s job loss: Embracing the scary unknown

Once again, after the layoff news broke, many affected employees shared their horrible experiences after being terminated. Either the middle of the night termination...

Trade union fears LIC’s IPO will cause job losses

With the Government set to sell its stake in Life Insurance Corporation (LIC), the trade unions fear that the initial public offering (IPO) could...

Bank staff fear job loss from privatisation, prepare to strike

With news of the Central Bank of India, Indian Overseas Bank and Bank of Maharasthra reportedly being considered for privatisation, bank staff across the...

122 mn Indians, 17 mn women lost jobs in 2020

A total of 122 million people in India lost their jobs in 2020. Out of these, at least 17 million were women, who lost...

Over 5 lakh jobless Keralites have returned from the Gulf

Over eight lakh non-resident Keralities have returned to their home state from the Gulf, amidst the ongoing pandemic. Alarmingly, over five lakh of them...

General Motors to shut Talegaon plant, render 1,800 jobless

The last functioning factory of General Motors in India will close its shutters on December 24, as relations between India and China continue to...

Adidas may sell Reebok, thousands of jobs at risk

A decision is yet to be taken regarding whether to sell Reebok or not, but Adidas is reportedly considering it. The subsidiary, which was...

Germany’s anti-COVID restrictions may lead to job loss of about 2,50,000

In Germany, with the latest round of lockdown being clamped from December 16 to January 10, about 2,50,000 jobs are at risk. Considering that...

White-collar professionals worst impacted, 6 mn rendered jobless

Centre for Monitoring Indian Economy has revealed that about six million white-collar professionals have been rendered jobless in India due to the pandemic. Last year,...

UK’s furlough scheme to end, 7 lakh jobs at risk

Around 700,000 people may be rendered jobless in the UK, as the Government’s furlough programme is about to end in October. As per the...

SWADES, ASEEM initiatives to benefit Indian workers who have returned home

The Government of India’s Skilled Workers Arrival Database for Employment Support (SWADES) initiative is conducting a skill mapping of the Indian workers who have...

Slow improvement in labour participation, unemployment rate as industries resume work...

According to a weekly report by the Centre for Monitoring Indian Economy (CMIE), things are slowly starting to improve. In the week ending May...

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...

Swiggy feels the heat, employees to be laid off

Organisations, new-age startups in particular, have tasted the impact of the coronavirus outbreak, and the lockdown that followed. Most are now seriously finding ways...

15 million jobs under threat in exports sector: FIEO

Post the coronavirus outbreak, the country’s export sector has been under threat, with many factories set to face huge losses. Not only are orders...

7 lakh jobs lost to pandemic in the US, in March...

In the month of March, about seven lakh jobs were lost in the US, owing to the coronavirus outbreak. As per the US Labour...

Can the retail industry weather this storm and avoid job loss?

Like many other sectors and industries, the retail industry is facing a tough time due to the lockdown and coronavirus scare. There are over 15 lakh...

India may lose up to 136 million jobs to the COVID-19...

According to the Confederation of Indian Industry (CII), over 50 per cent of the tourism and hospitality industry may be rendered sick with about...

Niti Aayog chief warns of job loss, calls for direct benefit...

India is facing one of its darkest hours and is caught between the need to contain Covid-19 and stop businesses from closing down. Amitabh Kant,...

COVID-19 pandemic may cost 25 million jobs worldwide

According to a report by the International Labour Organisation (ILO), almost 25 million jobs may be lost, globally, owing to the coronavirus pandemic. However,...

Real estate sector expected to witness heavy job loss

Over half a million direct jobs are expected to be lost in the real estate space in the near future, according to the National...

Dumping of Chinese goods affecting Indian manufacturers and causing job loss

A Parliamentary panel has insisted on trade remedial measures to protect domestic industry.

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...
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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 employee vehicle ban

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

Noventiq to hire 500 for AI team; opens office in Bengaluru

Noventiq, the IT solutions and services firm, has launched a new office in Bengaluru, to serve as a hub for its projects, both domestic...

Juniper to cut 500 roles in India

Juniper Networks, post-merger with Hewlett Packard Enterprise (HPE), is set to trim its India workforce. The move will impact 10-15 per cent of its...

Sulabh Kulshreshtha moves from Nykaa to Livspace, as head-HR

Sulabh Kulshreshtha has joined Livspace, the home interiors and renovation platform, as head of human resources. He moves from Nykaa, where he served for...

Take-Two to let go 5% of workforce

Take-Two Interactive Software, the video-gaming company that publishes the ‘Grand Theft Auto’ franchise, has trimmed its workforce by five per cent. That means, about...

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....
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