Tag: lay off

Alibaba lays off 10,000 as part of cost-cutting measures

To reduce costs, Alibaba, the Chinese tech major, has let go almost 10,000 employees. This is the Company’s response to poor sales and the...

Tesco to lay off 1,600 as part of a revamp exercise

Tesco, Britain’s supermarket chain, is looking at a major revamp of its operations, which may result in about 1,600 workers being rendered jobless. As...

Reebok to lay off 150 ahead of acquisition by ABG

Boston-based brand, Reebok is being sold to Authentic Brands Group (ABG) after years of existence under the German sportswear giant, Adidas. While Reebok is...

Chinese after-school tutoring firm was forced to lay off 60,000

New Oriental Education, the after-school tutoring service provider of China, had to lay off 60,000 people in 2021 due to the restrictions imposed on...

Will KSRTC lay off 5,000 to cut costs?

The Kerala State Road Transport Corporation (KSRTC) has been considering getting rid of excess staff from across departments, as it lacks the financial strength...

Boeing to make workforce lean, lay off 600 employees

As part of Boeing’s efforts to ensure efficiency by operating as a leaner and more streamlined organisation, The Company will will begin outsourcing information technology...

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...

Delta Air Lines asks more workers to go on unpaid leave

More employees are being asked by Delta Air Lines to go on indefinite unpaid leave as the slump in air travel deepens across the...

Dentsu International to restructure, slash 12.5% of workforce

Dentsu International, the advertising and marketing unit of the Dentsu Group, will lay off about 6,000 employees from its existing workforce of 48,000, as...

Lufthansa to let go 29,000 in 2020, 10,000 in 2021

With no hope of returning to pre-COVID levels of demand for at least another five years, German airline, Lufthansa, has decided to let go...

GVK-EMRI to stop ambulance service, lays off 1000 employees

About 650 employees from the 1000-strong workforce of GVK-Emergency Management and Research Institute (EMRI) have been served termination notices quite unexpectedly, on September 11. Apparently...

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...

Indiabulls sacks employees over WhatsApp calls, asks for resignations by May...

The pandemic has been taking its toll on businesses worldwide. The latest victim is the Indiabulls  Group, which is laying off over 2,000 employees...

Ola to lay off 25% of its workforce

Close on the heels of Uber laying off almost a quarter of its staff, cab aggregator, Ola, is also  asking nearly 1,400 employees to...

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...

Hughes crisis may lead to further job loss in telecom

Around 600 odd employees at Hughes India may lose their jobs, if the crisis around Hughes India, a majority-owned subsidiary of Hughes Network Systems,...

How should companies control layoff anxiety

Pick up the newspaper and there is bound to be at least one story about some organisation downsizing or slashing jobs in order to...

Telecom industry expected to lay off 60,000 employees

Sixty thousand employees may lose their jobs in the telecom sector by the start of 2019, as a result of consolidation activities, which are...

Why a coaching culture and not any other culture?

“Would you tell me, please, which way I ought to go from here?” “That depends a good deal on where you want to get to,”...

Meta to cut costs, freeze hiring, restructure groups

Is Meta experiencing a crisis? That is the question uppermost in the minds of most people as the parent company of Facebook has announced...

Latest

DGCA to hire at least 400 people

The Directorate General of Civil Aviation, which serves as India’s aviation watchdog, is running short of hands. Not having hired for over eight years...

Infosys launches digital centre, to create 1,000 jobs in Calgary

Over the next two years, Infosys plans to create 1,000 jobs in Calgary, Canada. This is double the number the Company had originally promised....

Upgrading skills will be focus of Kerala’s draft industrial policy

With the aim of creating jobs and retaining talent, Kerala has unveiled its draft industrial policy. The focus of the Policy is on upgrading...

Employees seek authentic managers: Report

Microsoft’s Work Trend Index Pulse Report says that 82 per cent employees are more inclined to attend one-on-ones at work if their managers are...

DIALOGUE

“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....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...

“A CEO needs to acknowledge the silent majority who create the company’s fortunes” S...

Q. RPG is a diversified group with businesses spread across sectors and domains. however, its brands have a strong individual identity unlike other business...