Tag: Layoff

Is SoftBank laying off 30% of Vision Fund team?

The investment division of SoftBank, the Vision Fund, is reportedly being downsized. About 150 people from the 500-strong team may lose their jobs reported...

Ola stalls layoffs, brings relief to anxious staff

Recently, there were media reports about Ola considering laying off about 10 per cent of the workforce, that is, about 200 engineers. At the...

Boeing to outsource jobs to TCS

In a virtual meeting, Boeing has conveyed to its non-unionised corporate employees that it is all set to outsource its finance and accounting jobs...

Will Ola lay off employees as part of restructuring?

Ola appears to be focussing more on non-software engineering domains, with emphasis on enhancing its capabilities in the areas of engineering, as well as...

HCL Tech lets go 300+ employees, globally

HCL Tech has laid off over 300 employees as part of its budget-cutting exercise. No official or public announcement has been made about these...

Job cuts to begin at Goldman Sachs

As part of its annual performance reviews, Goldman Sachs is preparing for hundreds of job cuts. The Bank is also likely to adopt cost-cutting...

Will Google resort to layoffs?

In a bid to make Google 20 per cent more efficient, the tech major may have to resort to job cuts. Admitting that the pace...

PVH Corp. to cut 10% jobs, reduce costs

PVH Corp., the American clothing company, is planning to lay off 10 per cent of its workforce. The Company, which owns brands such as Tommy...

3M to cut costs, lay off part of safety & industrial...

Rising costs, economic slowdown and underperformance seem to be the main reasons for 3M’s decision to cut jobs. As part of cost-cutting measures, the...

Snap begins layoff, 1280 to lose jobs

At the start of August 2022, it was reported that due to poor performance in the July quarter — where the company reported a...

Meesho cuts 300 jobs, closes Superstore

Meesho, the Bangalore-based Indian internet commerce startup, has had to let go about 300 employees, as it shut down Superstore, its supermarket chain, in...

Is Better.com gearing for another layoff round?

Better.com, digital mortgage lender hadn’t really recovered from the flak it received for way it had conducted layoffs earlier, and now there is news...

Ford to lay off 3,000 in India, Canada, US

As part of the Company’s efforts to address costs and redeploy resources, Ford is set to reduce its team size by about 3,000. The...

900 laid off at Xiaomi amidst revenue drop

Xiaomi, the Chinese smartphone manufacturer, has laid off about 900 people, affecting about three per cent of its over-32,000-strong workforce. The reason is the...

Layoffs at HBO Max, 14% of team to go

HBO Max, the streaming platform will let go 70 employees, that is, about 14 per cent of its workforce. These job cuts come as a...

Will there be layoffs at Apple and Google?

In what looks like a sure shot indication of a slowdown, Apple Inc. has laid off many contract-based recruiters as part of an attempt...

200 R&D employees of Microsoft asked to leave

Close on the heels of laying off 1800 employees as part of a restructuring exercise, Microsoft has reportedly laid off 200 more. This time, it...

Snapchat plans jobs cuts

Snapchat, the multimedia instant messaging app and service, is reportedly gearing up to reduce headcount. Its parent company, Snap reported losses of almost $10...

Edtech platform, LEAD, cuts jobs, reduces team size

In a bid to cut costs and focus on profitability, LEAD, an edtech platform, has laid off a significant number of members from its...

Oracle starts laying off employees in the US

Oracle Corp. has reportedly begun the process of laying off employees in the US, as a part of a cost cutting and restructuring exercise....

Ola starts laying off; 1,000 to be rendered jobless

Ola, the ride-hailing platform has shifted focus to its electric vehicles (EV) business and to the manufacture of lithium-ion (Li-ion) batteries. The Company has started...

Amazon has laid off 1 lakh

With Amazon realising it has more employees than it requires — having hired more during the demand surge due to the pandemic, and to...

Ford looking to downsize, focus on EV business

With the focus shifting to electric vehicles (EV), Ford plans to reduce headcount in the engine business. The US car manufacturer wishes to invest...

TikTok restructures globally, lays off staff

TikTok has not only fired some of its staff in the US, but also told some in Britain and Europe that their employment is...

Microsoft’s ‘realignment’ exercise results in 1% reduction in headcount

That the economic environment is unfavourable is clear now, with even Microsoft downsizing. The tech major has cut 1,800 jobs as part of an endeavour...

Unacademy resorts to cost-cutting measures before IPO

Unacademy, the edtech unicorn, is taking measures to cut costs and focus on profitability. As part of the exercise, its founders and senior management...

Twitter cuts 30% of staff in TA department

After momentarily pausing hiring activities this year, Twitter has now further made a call to fire 30 per cent of people as part of...

Ola may sack 500 to cut costs

In a bid to control costs and increase efficiency, Ola, the ride-hailing company may sack at least 400 people. This downsizing is reportedly being...

Tesla sued by former staff for mass layoff without 60-day notice

When Tesla decided to lay off about 500 workers at its Nevada Gigafactory, little did it know that the move will actually cause two...

Layoffs begin at Tesla

It hasn’t been long since Elon Musk, CEO, Tesla had expressed concern over the state of the economy and that a 10 per cent...

Coinbase to cut 1100 jobs

Coinbase, the global trading platform for crypto currency, has announced that it will lay off 18 per cent of its workforce, that is, about...

FarEye asks 250 employees to leave

FarEye, the SaaS-based logistics startup, which had a 750-strong workforce, has let go 250 employees across its offices in India, North America and Europe...

Swvl, MPL lay off employees citing drying funds, pandemic

The Dubai-based mass transit solutions startup, Swvl, will lay off 32 per cent of its workforce. The objective is to enhance business efficiency, reduce...

145 jobs cut at FrontRow

FrontRow, the edtech startup, has laid off about 145 members of its team, that is, 30 per cent of its workforce. Maximum employees were...

At least 500 laid off at MFine

MFine, the Bengaluru-based healthtech startup, has had to lay off at least 500 employees as it is facing a massive financial crisis. The exact...

Netflix lays off 150 employees in the US

In the wake of slowdown in growth and loss of subscribers, Netflix, the global streaming giant, is laying off 150 employees. These employees constitute...

Unacademy lays off 6,000 as part of cost cutting

Unacademy, the Indian edtech startup, has let go of about 600 employees from its almost 6,000-strong team — about 10 per cent of its...

Another company follows in Better.com’s footsteps, fires 800 via video message

A British shipping and logistics firm, P&O Ferries fired 800 seafarers through a video message. This came as a sudden shock to all the...

Layoff news from across the world

Better.com, where many senior executives had quit — following the infamous mass online layoff of 900 employees over a Zoom call by CEO Vishal...

Better.com’s mass online layoff-unfair and unjust

Online mortgage lender, Better.com, recently fired over 900 of its employees over a Townhall meet. On December 1, the employees were informed that almost...

BookMyShow had to let go 200 employees

BookMyShow, the online movie and entertainment ticketing platform, has let go of 200 employees, due to the adverse effects of the pandemic on the...

Nokia to cut 1,500 jobs in India, as part of cost-cutting,...

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 to slash 10,000 jobs

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...

ExxonMobil to slash 300 jobs in Singapore

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

200 laid off at bike-sharing platform, Bounce

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...

2,000 to be laid off at Jaguar Land Rover

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...

103 of Lufthansa’s cabin crew in India laid off

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....

AI, automation to take away 5,000 jobs at Tech Mahindra

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...

340 branches,10,000 jobs to be axed by Commerzbank

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...

FedEx will let go over 6,000 employees in Europe

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...

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

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....

84% employees will return to office to be able to socialise with co-workers

Recently Tata Consultancy Services (TCS) had made news for its innovative social-media campaigns aimed at wooing its employees back to office. Microsoft’s Work Trend...

Is SoftBank laying off 30% of Vision Fund team?

The investment division of SoftBank, the Vision Fund, is reportedly being downsized. About 150 people from the 500-strong team may lose their jobs reported...

Allcargo’s Bangalore warehouse to create 5,500 jobs

Allcargo Group, the end-to-end logistics solution company, has launched a 100-acre warehouse in Bengaluru that cost about Rs 800 crore to set up. The...

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...