Tag: Layoff

Intel implements pay cuts; CEO to take 25% cut

It hasn’t been long since Intel announced the layoff of about 340 people in California. And now, it is reportedly resorting to pay cuts....

Uber Freight to sack 3% of its workforce

Uber Freight announced on Tuesday that it will be cutting around 150 jobs, which is roughly 3 per cent of its total workforce. As...

IBM misses cash target, axes 3,900 jobs

IBM is gearing to axe 3,900 jobs as part of an asset divestment exercise. The Company has been unable to achieve its cash target...

NITES seeks Labour Ministry’s intervention in Wipro freshers’ layoff

The Nascent Information Technology Employees Senate (NITES)has taken up the cause of the 452 freshers laid off by Wipro. These freshers were told by...

Now job loss in diamond sector too; 20% dip in diamond...

A major slowdown has gripped the diamond sector in the country. With reports of many small units having been shut down amidst a significant...

Wipro fires freshers who scored low in internal test

About 452 freshers at Wipro were told that they had to leave because they did not score well in the internal assessment. These freshers had...

Icertis lays off members of sales & marketing team

In October 2022, Icertis, the Software-as-a-Service (SaaS) company raised $150 million in funding from Silicon Valley Bank. The fund comprised a revolving credit arrangement...

Crypto.com to reduce workforce by 20%

Crypto.com, a Singapore-based cryptocurrency exchange, announced on Friday that it would be cutting its global workforce by approximately 20%. The company's announcement comes amid...

Coinbase to let go 20% of workforce

Given the economic uncertainty and fears of recession, the crypto space had been witnessing very weak trading volumes. Now, Coinbase Global, the cryptocurrency company,...

Is McDonald’s readying for job cuts in 4 months?

As part of its endeavour to update its business strategy and launch more restaurants, McDonald’s will review its corporate headcount and let go some...

Crypto lender Genesis reduces its workforce by 30%

On Thursday, cryptocurrency trading company Genesis Global Trading laid off a significant portion of its employees, according to a statement given to CoinDesk. The...

Vimeo may ask 11% of workforce to leave

Given the uncertainty of the economic environment, Vimeo has decided to axe 11 per cent of the jobs in the organisation. The American video-hosting...

upGrad owned Harappa lays off 30% of its workforce

A leading skill-based learning platform, Harappa Education, has reportedly laid off 30 per cent of its workforce. As per a report by Business Today,...

Will Amazon lay off 17,000?

It is true that Amazon had plans to reduce the size of its workforce. However, the number of job cuts may be more than...

Amdocs lays off 3% of its workforce 

Amdocs, a large global tech company, has announced plans to lay off 3% of its workforce, a total of 700 employees. This includes 100...

Micron to cut 10% of workforce as demand for computer chips...

Amid the adverse industry conditions, Micron, a US-based semiconductor firm has announced to lay off 10 per cent of its workforce by 2023. The...

Google continues to hire amid reports of mass layoffs

Google continues to be a hiring machine, bringing on new employees even as rumours of potential layoffs persist. While other companies in the industry...

Job cuts at Goldman Sachs too?

In addition to the yearly weeding out of underperformers, this year Goldman Sachs is going to lay off hundreds of people as it braces...

Facebook to reduce costs, cut more employee benefits

Meta has decided to stop providing employee benefits covering mental well-being and other work-life balance needs.  The career page of Meta says that previously, the...

Cisco is cutting over 4,000 jobs

As part of an attempt at rightsizing some businesses, Cisco, the networking company, has begun the process of job cuts, doing away with about...

Companies & sectors that topped the layoff race in 2022

Mass layoffs were quite rampant across the globe in the second half of this year, that is, 2022. The India story was no different. Leading...

Is Salesforce going to lay off more employees?

After laying off hundreds of its employees in November 2022, Salesforce seems to be preparing for yet another round of job cuts. The enterprise software...

Two women sue Musk’s Twitter for discriminatory layoffs

Pointing out the abrupt and disproportionate mass layoff, two women who lost their jobs after Elon Musk’s acquisition of Twitter, are suing the social-media...

Intel begins layoff, will cut 200 jobs by 31 Jan, 2023

Intel, the global chip maker for personal computers, is gearing to fire employees in California. As per the Worker Adjustment and Retraining Notifications, Intel...

Is Swiggy preparing to lay off employees?

In addition to losses, Swiggy, the food-delivery platform has been grabbing headlines for the ongoing strike by its employees in Kochi. Now, according to...

Is Morgan Stanley laying off 2% of its workforce?

Morgan Stanley may be laying off about two per cent of its workforce. If media reports are to be believed, of the more than...

Google employees  protest against mass layoffs

Google, the tech giant, recently fired approximately 12,000 employees in January, which resulted in protests from workers in both the US coasts. The workers...

Latest

Intel implements pay cuts; CEO to take 25% cut

It hasn’t been long since Intel announced the layoff of about 340 people in California. And now, it is reportedly resorting to pay cuts....

Impact of Budget 2023 on HR

Finance Minister Nirmala Sitharaman unveiled the budget for 2023, which is the fifth budget of the Modi government's second term. The newly- announced budget...

Pension reforms being pushed forward: France goes on strike

A nationwide strike on Tuesday marched in opposition and caused disruptions in French public transportation as protests took place across the country in response...

Employees posted to difficult regions are entitled to additional HRA: Manipur HC

The Manipur High Court recently stated that a central government employee is eligible for extra HRA if they keep their family at their previous...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“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...