Tag: Layoff

US-based BPO firm, First Credit Services, has laid off 80 of its employees who were working out of its Thane office in Mumbai. This...

With the COVID-19 pandemic affecting earnings of airlines the world over, GoAir announced that its staff will be taking pay cuts this month. Last...

In response to the rapidly-spreading COVID-19 and subsequent travel restrictions as per  government bodies, Air Canada will be limiting transit and routes for the...

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...

Nokia, the telecom network equipment manufacturer, will be laying off up to 148 employees in Finland. However, it will not touch those working in...

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...

Online travel company, Expedia, will slash about 3,000 jobs worldwide following unsatisfactory performance last year. The Company’s websites are mainly travel aggregators and search...

The term ‘layoff’ finds its way into newspapers and headlines quite often these days. A humane approach to the exercise is becoming a hot...

Clariant, the Swiss specialty chemicals company, will be laying off 600 employees following a dip in profits in 2019. With this move, the Company...

Kohl's, the American retail chain, is set to lay off 250 employees. It is reported that an entire hierarchy of regional store leaders will...

 Coal India’s workforce is expected to be reduced by 40,000 by 2024. Not only will it have a leaner workforce, it will also be...

Following a dip in stock prices in the face of a financial crisis, Aurora Cannabis, the Canadian licensed cannabis producer, has announced 500 job...

Daimler is cutting costs with greater intensity now, and is reportedly planning to lay off about 15000 employees. In November last year, the German...

As part of a business overhaul, Cognizant spent approx. $49 million on the employees it laid off and invested $29 million to retain the...

South African Airways (SAA) is planning to decrease its wage bill by cutting jobs as soon as possible. The state-owned airline had revealed in...

Following a huge drop in profits last year, Swiss private bank, Julius Baer (JB), is now planning to cut 300 jobs in 2020. The...

With economic growth being extremely slow in the United Arab Emirates (UAE), particularly in Dubai, the Dubai Islamic Bank (DIB) is expected to let...

Close on the heels of Tony Hall, director general, British Broadcasting Corporation (BBC), stepping down, the British public service broadcaster has decided to let...

Close on the heels of the layoffs at Oyo, the online travel information providing company, TripAdvisor, is also planning to downsize. About 200 employees...

There has been a slowdown in all sectors, globally, including the DNA testing and analysis space. 23andMe Inc. is all set to lay off...

Jaguar Land Rover (JLR), owned by Tata Motors, will be laying off about 500 employees—10 per cent of the workforce— at its factory in...

Jasmit Singh, head-enterprise sales, Oyo, posted on LinkedIn to help place co-workers who have been rendered jobless.   Following the laying off of about 2400 Oyo...

The hotel partners seem to have received no communication from OYO about its downsizing and are unable to contact the Company’s representatives either. Oyo’s recent...

In a bid to cut costs, Barclays, the British lender, is expected to lay off about a 100 senior employees. It is reported that...

Opel, the German car manufacturer and subsidiary of Peugeot, is all set to lay off 2,100 workers in a bid to remain afloat in...

The objective is to reduce the headcount by 20 per cent Oyo, the hospitality chain, is set to lay off about 2,400 employees in India...

Involuntary attrition on the other hand, has been on the rise, because of performance-based assessments Despite layoffs, the attrition rate at Infosys seems to have...

OYO Hotels and Homes is planning to increase the number of job cuts to 2000, that is, about 1500 more than what was planned...

Hospitality company, OYO, is planning to cut down its workforce in India by 500. Employees in the partner-facing experience and business development teams will...

Despite the economic slowdown and the volatile market, Tata Motors has quashed rumours of downsizing. In fact, the Company is very optimistic about the...

Ola, the ride-hailing company, is gearing up to downsize. It plans to cut about 15 to 20 per cent of its approx. 6000 strong...

Tata Steel, the Indian multinational steel manufacturing company, is all set to strengthen its European business and increase profits. In the process, it plans...

WeWork will lay off at least 4,000 people from its workforce, globally, in a bid to cut down losses. The Company had grown at...

Resignations can be of two types, voluntary and involuntary. In the former, employees leave on their own for various personal reasons. In the latter,...

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...

Union of IT and ITES employees (UNITE) is not ready to take the recent announcement made by Cognizant to lay off thousands, lightly. According...

Cognizant, the information technology company, is planning to lay off 7000 employees in the next couple of quarters. The Company is also readying to...

HSBC Holdings is planning another round of layoffs, wherein hundreds of its employees in the Middle East, North Africa and Turkey may be rendered...

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....

It is not just the automobile industry that is facing a slump. The pharmaceutical sector is also facing pressure. Sanofi SA, the French multinational...

It is reported that 30 per cent of the contract workers in BSNL will be laid off, as the state-run telecom company is struggling...

Barely a month after Zomato, the online restaurant guide and food ordering platform, laid off 60 employees, it has again rendered about 10 per...

For some time now, Tata Steel has been trying to sell some of its non-core businesses. While Kalzip and Firsteel were successfully sold, offering...

Apple has terminated 300 employees in Ireland, for listening to more than a 1000 of its digitial assistant, Siri’s, audio recordings of people’s conversations,...

Bankrupt mobile company, Aircel, has laid off about 1,000 of its remaining workforce of 1,229. Meanwhile, the insolvency process is on and Deloitte, the...

Falling demand and lack of government support are expected to be the reason for Parle Products considering a massive layoff of about 8000-9000 employees. The...

Cauvery News, the television channel owned by Cauvery Power, Tamil Nadu, is going to close down. Except for a small eight-member digital team, the...

In an attempt to cut costs and tackle the slowdown that has hit the automobile industry, Maruti Suzuki India has laid off more than...

IBM is reported to have laid off almost 100,000 employees in the past five years, in trying to ensure a more millennial-dominated workplace. An ex-vice...

In a bid to get rid of underperformers, the zonal railways offices are busy compiling a list of staff members with disciplinary issues, those...