Tag: lay off
Citigroup plans to lay off 10% of its workforce
According to media reports, Citigroup's management and consultants are considering reducing the workforce by at least 10 per cent, impacting various key divisions as...
Unacademy-run edtech platform Relevel lays off 20% of its workforce
Relevel, an ed-tech platform run by Unacademy, has laid off 20 per cent of its workforce. This means almost 40 employees of the company...
5% workforce laid off: Sequoia, Accel, and Qualcomm-backed Bounce
Bounce, an electric 2-wheeler manufacturer and scooter rental company, has reportedly laid off around 5 per cent of its workforce, or about 40 to...
Will Amazon now lay off 20,000 instead of 10,000?
In mid-November, it was reported that Amazon, the technology and ecommerce giant, was planning to lay off as many as 10,000 employees in the...
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...
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...
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...
Harness.io: Cultivating a talent powerhouse in the tech crucible
The tech scene, be it in India or San Francisco, is equally crucible, fiercely competitive and unforgiving. In both the landscapes, attracting and retaining...
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...
Why are so many H-1B workers in the US switching jobs?
A recent study has revealed that more and more H-1B visa holders in the US are switching jobs. In fact, there was a record...
Latest
Re-evaluate climate-change legislations, create new ones to protect workers: ILO report
Why does the International Labour Organisation feel that it is time to come up with climate-change specific policies and even create new policies to...
Kimbal Technologies names Jaya Suri as CHRO
Jaya Suri has joined Kimbal Technologies (formerly Crystal) as its chief human resource officer (CHRO). An alumna of IBM, Suri has completed her bachelor’s...
Poonam Burman takes on CHRO role at Godrej Industries (Chemicals)
After spending well over four and a half years with Unilever, Poonam Burman has joined Godrej Industries (Chemicals) as chief human resource officer.
An alumna...
Did Lufthansa incur huge losses due to strikes by staff?
Lufthansa Group apparently posted losses to the tune of €849 million in March 2024, whereas its losses in Q1 of 2023 were only €273...
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....
