Tag: Layoff

Last week, Nokia, the Finnish telecom equipment manufacturer, had revealed plans to downsize its workforce by about 10,000 over a period of two years....

Nokia, the Finnish telecom equipment manufacturer, is all set to get rid of per cent of its workforce. That means, about 10,000 employees will...

About 300 employees of ExxonMobil in Singapore will be asked to leave, as part of a major reorganisation exercise. The American oil and gas...

With demand for shared mobility showing no signs of recovery, Bounce, the Bengaluru-based bike-sharing platform has resorted to another round of layoffs. After laying...

Jaguar Land Rover is all set to shrink its global workforce by about 2,000 as part of a cost-cutting exercise. Employees have already been...

Lufthansa’s 140-strong cabin crew, based in India, will now be reduced to 37. The Airline has let go about 103 members, amidst severe losses....

Tech Mahindra, which is part of the Mahindra Group, is working towards reducing the workforce in its business process services (BPS) wing by 5,000...

As part of a digitalisation and restructuring process, Germany's Commerzbank plans to slash about 10,000 jobs, that is about one-fifth of its total employee...

American multinational delivery services company, FedEx, has decided to reduce its workforce by about 6,300 employees in Europe. The job cuts will be carried...

Standard Chartered will cut more jobs as part of its ongoing restructuring process. This time, more employees at the junior level are expected to...

In Melville, US, the Newsday Media Group is all set to layoff a significant number of employees in the IT, advertising, marketing, security and...

Dropbox will lay off 11 per cent of its staff, that is, about 315 people. With most of its employees across the globe working...

MUFG Bank, which was formerly Bank of Tokyo-Mitsubishi, has laid off 26 of its staff in India, including 18 officers and eight workmen. Some...

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

Coca-Cola Company, the American multinational beverage firm, is set to reduce its global workforce by 2,200. In the US itself, it will let go...

Deutsche Bank’s retail banking sector plans to close 200 branches over the next two years. This means, about a 100 branches of Deutsche Bank...

3M Co. is set to lay off about 2,900 employees, about three per cent of its global workforce, as part of cost-cutting measures and...

Walmart, the American retail company, is planning to cut 1,241 jobs at its New Jersey and Arkansas units in 2021. This move is expected...

Following huge losses, of up to €1.6 billion ($ 1.9 billion), the German multinational, Thyssenkrupp, is considering laying off 5,000 more people from its...

There is talk of a second round of layoffs at Goldman Sachs. The Group had discontinued layoffs due to the pandemic, after a first...

Royal Dutch Shell will shrink the workforce at its oil refinery in Singapore. It will also reduce the crude-processing capacity at the refinery by...

Dutch bank, ING, will lay off 1000 employees by 2021 and shut its offices in South America and Asia. Nike also revealed its intention...

Ministry of Labour and Employment has put forward the draft rules for the Industrial Relations Code, wherein it has suggested that industrial establishments should...

With the aviation sector struggling to recover from the slump in business, Finland's national carrier, Finnair is now gearing to slash about 700 jobs,...

Approximately 28,000 employees or ‘cast members’ as they are called, working at Walt Disney’s theme parks in the US will be laid off. The...

Royal Dutch Shell is set to slash about 7,000 to 9,000 jobs by 2022, that is more than 10 per cent of its workforce,...

With sales dipping drastically, Harley-Davidson has decided to wind up all manufacturing and sales operations in India. The American motorcycle brand’s recent restructuring plan,...

With no hope of demand picking up this holiday season, Lufthansa is seriously considering reducing its fleet of planes by 150 in the next...

Dell Technologies is gearing up for a round of job cuts — the second one in about two months — in a bid to...

Julie Sweet, CEO, Accenture, revealed mid-August that it plans to lay off five per cent of its global workforce, affecting around 10,000 in India....

SS Mallikarjuna Rao, MD and CEO, Punjab National Bank (PNB), has assured the employees that no jobs will be slashed following the merger of...

There has been a trend for companies, be it small organisations or big, to lay off people in the name of restructuring. While companies...

Oracle has reportedly slashed the jobs of several developers from the Oracle Commerce and Commerce Cloud development teams. According to various social-media posts, the...

Mozilla, which is most popular for the Firefox web browser, is all set to downsize and also restructure its workforce. Having been adversely affected...

The pandemic has hit businesses hard and the Indian Space Research Organisation (ISRO) is no exception. Contract engineers and technicians who are integral to...

These past few months have been witness to multiple layoffs across companies, in various sectors. The remaining lot feel relieved, yes, but they also...

Raymond Group, the Indian branded fabric and fashion retail company, is slashing jobs as part of its cost-cutting strategy. The Company, which is amongst...

Multinational professional services firm, KPMG, will be slashing about 200 jobs in Britain amidst unprecedented fall in demand for professional services, due to the...

The ongoing pandemic has impacted many industries around the world, but aviation is by far the hardest hit. Understanding the gravity of the situation, the...

UC Web, subsidiary of the China-based multinational firm, Alibaba Group, has suspended its India operations. It has asked 90 per cent of its workforce...

The condition of the aviation sector across the world has been deteriorating ever since the coronavirus outbreak. With flights yet to resume and so...

Emirates, the Dubai-based airline, has started another round of layoffs, slashing 800 jobs in a day. The senior pilots with over 12 years of...

Logistics company, DHL, is gearing up to let go 2200 employees working for the Jaguar Land Rover (JLR) factories in the UK. This means,...

Lufthansa has announced its plan to restructure the organisation to be able to deal with the economic pressures of the pandemic. The German airline...

With the pandemic forcing nations to seal borders and ground their airlines, the travel and hospitality sectors have experienced a drastic slump in business....

After receiving numerous complaints from employees of the IT firm Cognizant, Karnataka State IT/ITeS Employees’ Union (KITU) said it had initiated legal action against...

After several Tesla employees alleged that the Company threatened to fire them for not returning to work, the electric car company has denied having...

Esprit has announced its decision to lay off 1200 employees, which means, 20 per cent of its workforce. The international fashion house will be...

The impact of the coronavirus pandemic and the lockdown it triggered is clearly visible in the aviation industry. The latest to go for downsizing...

It is not just companies going into deep losses that are laying off staff, but even those witnessing growth in business that are downsizing. ...