Tag: Layoff

Employees in the Company’s mortgage operations have been given 60 days’ notice

The Company reveals plans to add 10,000 jobs in its Internet of Things unit by 2025.

The multinational will downsize at the top level, to make way for the juniors.

The airline is attempting to slash HK$4 billion from its books to reverse two consecutive years of losses.

The layoffs are across functions, including technology, quality assurance and business development.

IBM is relocating manufacturing of its power systems product to a facility in Guadalajara, Mexico from a manufacturing plant at Tampines, in Singapore Technology Park.

Forum of IT Professionals (FoIP), a union for IT professionals has termed this layoff as illegal retrenchment. 

The transportation network company will replace self-test drivers with mission specialists.

Telecom company Reliance Communication has exited the B2C business and transformed into a B2B company.

Employees to be affected by this layoff will be informed by end of this week. Tesla will provide significant salary and stock vesting to those affected.

The instant messaging service had acquired two startups last year.

The number of full-time equivalent positions is expected to fall from the current 97,000+ to well below 90,000.

Almost the same number of employees were also absorbed into the merged entity. 

All officers and supervisors have been instructed to weed out irregular employees from the rolls after following due processes.

India will be the most affected as one-third of IBM’s workforce is based out of here.

Following the layoff, Huawei’s team strength in India has reduced to 8000. 

The Company had laid off 100 employees earlier in July. 

Interviewers don’t go easy on candidates who carry the ‘fired’ tag. Here are tips from CHROs on how to face the storm.

The German government has pressed for a fair bargain so that both parties are satisfied.

The new rule has come into effect from November 1, 2017.

Finding a job in a dismal scenario while holding on to your market value, is a tough task. Here’s what one should keep in mind as the job hunt begins.

The Company will also be hiring new employees considering the high demand for its vehicles.

The objective is to focus on efficiency by embracing a simple business model.

The merged entity will be the second largest steel company in Europe.

The job cuts can be attributed to digitisation and automation rendering staff redundant.

Thousands of employees await a solution following the Company’s termination of franchise agreement with CPRL.

FITE is working closely with the affected employees to ensure organisations take responsibility for their illegal actions and employees get their job back, since the beginning.

Things are getting worse for Tech Mahindra after the recent firing fiasco, which brought negative publicity.

The company has shifted focus from its core business of Windows operating system to cloud computing and other digital technologies.

The media industry has been going through a tough phase, forced to cut down many copy editing jobs due to digital disruptions.

The company is not only planning to offer pay hikes but may also distribute nearly 1 per cent of its stock to about 150 employees.

In an endeavour to shift its focus from traditional IT services to digital, the company plans to trim its workforce

In a recent official mail to the entire staff, founders Kunal Bahl and Rohit Bansal admitted to the need to tighten the belt and in the process, let go of some people.

The company is reportedly looking at laying off around 10 per cent of its pan-India workforce.

The distressed bank is expected to report losses of £2.3bn for 2016, in its financial results to be published soon.

Operations managers across the country have been sent e-mails to “right size” their respective teams.

Journalists who have spent more than two decades have been promised a basic salary till their retirement age.

The layoffs happen at a time when the company is focussing and investing heavily on software, robotics and AI.

The company plans to cut six percent of its global workforce because of fourth-quarter results going way below expectations.

The move, a result of subdued market demand, is aimed to optimise operational efficiency.

This time, as part of the restructuring exercise, the lay-offs are reportedly going to affect the stores’ large human resources department. 

About 15 per cent of the company's total India workforce, of approx. 600, will lose their jobs.

The Shenzhen-based telecoms gear maker, is reportedly laying off about five per cent of its 60,000 strong global workforce.

The company is apparently looking at controlling costs and revamping its strategies.

The cash crunch and resulting demand slump have taken a toll on small and medium enterprises, as companies are looking to lay off 25 per cent of their workforce.