Tag: Layoff
Tata Steel may lay off 3,000 in Europe
Tata Steel, the Indian multinational steel manufacturing company, is all set to strengthen its European business and increase profits. In the process, it plans...
About 4000 to lose jobs at WeWork
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...
Offboarding process for those terminated
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 to layoff at least about 12000
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...
Cognizant’s retrenchment move opposed
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 to quit content moderation, will lay off about 7000
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 to layoff staff across North Africa, Turkey, and the Middle...
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 expected to lay off about 10,000 jobs
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....
Sanofi to lay off hundreds in Japan
It is not just the automobile industry that is facing a slump. The pharmaceutical sector is also facing pressure. Sanofi SA, the French multinational...
BSNL will lay off 30% contract workers
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...
541 Zomato employees rendered jobless
Barely a month after Zomato, the online restaurant guide and food ordering platform, laid off 60 employees, it has again rendered about 10 per...
Tata Steel to shut two sites in the UK
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...
300 Apple employees fired for listening to Siri’s private recordings
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,...
Aircel lays off 1000, is trying to sell assets to stay...
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...
Parle to lay off 10,000 in the face of slowdown
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 lays off 146 employees
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...
Maruti Suzuki trims workforce, lays off 1,000 temp workers
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 fired almost a lakh employees in five years
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...
Indian Railways to lay off 3 lakh under-performing staff
In a bid to get rid of underperformers, the zonal railways offices are busy compiling a list of staff members with disciplinary issues, those...
Ten lakh jobs at risk in the Indian auto components industry
The Indian automobile industry has been witnessing plummeting sales for almost a year now. This has affected the business in the automobile components industry...
Honor scales down India operations
Chinese handset manufacturer, Honor, has begun to lay off its employees in India in phases. The move follows the blacklisting of its parent company,...
Futurewei begins laying off over 70 per cent staff
Futurewei, the research wing of Huawei in the US, began to lay off more than 70 per cent of its 850 strong workforce, that...
Treebo Hotels lays off about 100 to 120 of its staff...
Treebo Hotels, run and operated by hospitality company, Ruptub Solutions, has laid off about 100-120 employees, which is about 20 per cent of its...
Huawei expected to lay off hundreds of employees in the...
Chinese multinational technology company, Huawei Technologies, plans to cut jobs extensively in the US as it has been struggling to handle business following its...
How layoffs can backfire
Layoffs are not really a strategy, but an option resorted to when a company is not doing well or in other words, when an...
Bengaluru employees of Deutsche Bank feel hopeless after layoff
Many employees at Deutsche Bank’s Bengaluru office have been given a month’s salary and asked to leave. They joined the thousands of other employees...
Over 15000 jobs to be cut at Deutsche Bank
Deutsche Bank, the German multinational investment bank and financial services company is planning a revamp estimated to cost $5.6 billion, which will see more...
Walmart’s cost cutting drive targets its pharmacy staff
Walmart, the American multinational retail company, is expected to lay off about 40 per cent of its senior pharmacists and also some new recruits...
1000 OYO employees may be laid off in China
All is not OK at Oyo Rooms in China and in India. The hotel network is facing trouble in both the countries. According to...
Siemens to lay off 2,700 employees
With demand for renewable power increasing by the day, Siemens is experiencing low demand for gas turbines. Therefore, the Company plans to lay off...
Volkswagen to cut 4000 jobs in Germany
In an endeavour to bring about a digital transformation in the organisation, Volkswagen AG has decided to cut 4000 jobs in the administration department...
Reliance Jio downsizes, asks 4,500 contractual staff to leave
Reliance Jio, the Indian mobile network operator, has laid off about 4500 to 5000 employees, of which about 500 are permanent employees and the...
JPMorgan to lay off hundreds post review
JPMorgan Chase & Co. is reported to be all set to lay off hundreds of employees in its asset and wealth-management division, after a...
Apple layoffs to affect mostly engineers and project managers
Apple is all set to lay off dozens of engineers and project managers associated with its self-driving car project, Project Titan. Engineers and their...
Ford will close Brazil plant, render 2,700 jobless
Ford Motor Company will be shutting down its oldest factory in Brazil rendering over 2700 people jobless. This move to restructure will bring to...
Wells Fargo slashes 638 more jobs
Employees in the Company’s mortgage operations have been given 60 days’ notice
Siemens quashes rumours of massive downsizing
The Company reveals plans to add 10,000 jobs in its Internet of Things unit by 2025.
Cognizant to prune at top
The multinational will downsize at the top level, to make way for the juniors.
Cathay Pacific set to cut overseas jobs as part of restructuring
The airline is attempting to slash HK$4 billion from its books to reverse two consecutive years of losses.
Treebo cuts 10% of workforce, lays off 80 employees
The layoffs are across functions, including technology, quality assurance and business development.
IBM fires 200 as it moves from Singapore to Mexico
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.
FoIP protests firing of 103 IT professionals by CDK Global
Forum of IT Professionals (FoIP), a union for IT professionals has termed this layoff as illegal retrenchment.
Uber sacks 100 self-driving car operators in the US
The transportation network company will replace self-test drivers with mission specialists.
Some 48,000 people lost jobs during RCom transition
Telecom company Reliance Communication has exited the B2C business and transformed into a B2B company.
Tesla to layoff 9% workers
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.
Hike to lay off 25% of its workforce
The instant messaging service had acquired two startups last year.
Deutsche to lay off some 7,000 employees
The number of full-time equivalent positions is expected to fall from the current 97,000+ to well below 90,000.
Airtel–Telenor merger costs 700 jobs
Almost the same number of employees were also absorbed into the merged entity.
Indian Railways to sack 13,000 absentees
All officers and supervisors have been instructed to weed out irregular employees from the rolls after following due processes.
Job cuts likely in IBM
India will be the most affected as one-third of IBM’s workforce is based out of here.
LEARN- ENGAGE- TRANSFORM
What do tech professionals expect from L&D programmes today?
Technology professionals have the luxury of being in demand in today’s world. All thanks to the fast- paced technological change happening across sectors. To...
Employee Benefits & Engagement
Invest in culture to ensure employee engagement
Engaged employees are highly productive, are able to maintain great relations with the customers, and remain loyal to the organisation. Studies suggest that engaged...
Is employee voice essential for employee engagement?
What is employee voice? It is the employees’ means of communicating their opinions and views to their employers. It is the means by which...
Good mentors can ensure employee engagement
We have all had mentors at some point in life — people whom we admired or looked up to for their success, accomplishments, expertise...
Latest
Employee Clubs: Good for organisational culture
We all have been part of groups, clubs or societies in college and school. Generally, such groups come together because the members have common...
PepsiCo elevates Pavitra Singh as CHRO
Pavitra Singh has been elevated as the CHRO of PepsiCo who has replaced Suchitra Rajendra. Rajendra stepped down as the CHRO of PepsiCo in...
BSNL VRS scheme: Highest payout at 90 lakhs
Under the BSNL’s VRS scheme 2019, 63 percent of BSNL’s 1 lakh employees are eligible.
Telecom operator BSNL has announced all employees above the age...
Faculty Hiring: IITs & IIMs asked to adhere to quota rules
After a parliament panel questioned the HRD ministry on the poor implementation of the reservation policy in educational institutes, the HRD ministry has directed...
DIALOGUE
“Archaic HR processes force millennials to switch jobs often,” Niti Khosla, lead people analytics...
Friendly and jolly Niti Khosla, lead-people analytics and business impact, Novartis International, is a true HR leader with the ability to understand people and...
“Traditional organisations use ‘startups’ as proxy to build an agile organisation,” Rahul Garg, founder,...
Moglix offers a variety of products from safety and electronics to office tools. The Company aims to make an impact worth $100 billion dollars...
“A true leader is not dependent on title or designation,” Dwarakanath
It was a Friday afternoon, when the HRKatha team got the opportunity to meet a man who is not just a recognised leader but...
