Tag: Layoff

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.

Huawei downsizes India workforce by 30 per cent

Following the layoff, Huawei’s team strength in India has reduced to 8000. 

NDTV to downsize by 25%

The Company had laid off 100 employees earlier in July. 

How to face the job market after being fired

Interviewers don’t go easy on candidates who carry the ‘fired’ tag. Here are tips from CHROs on how to face the storm.

Employees protest against Siemens’ proposal to cut 6900 jobs

The German government has pressed for a fair bargain so that both parties are satisfied.

Yes Bank reduces notice period to 30 days

The new rule has come into effect from November 1, 2017.

Ways to survive sudden layoff, when company shuts shop

Finding a job in a dismal scenario while holding on to your market value, is a tough task. Here’s what one should keep in mind as the job hunt begins.

Tesla Motors fires over 400 employees in annual appraisal process

The Company will also be hiring new employees considering the high demand for its vehicles.

Hewlett Packard Enterprise to cut 5000 jobs, globally

The objective is to focus on efficiency by embracing a simple business model.

Tata Steel and thyssenkrupp joint venture to cut 4000 jobs in...

The merged entity will be the second largest steel company in Europe.

Now banks cut jobs

The job cuts can be attributed to digitisation and automation rendering staff redundant.

McDonald’s closes 169 outlets in North and East India, staff at...

Thousands of employees await a solution following the Company’s termination of franchise agreement with CPRL.

FITE moves to labour court against Tech Mahindra, Vodafone & Wipro

FITE is working closely with the affected employees to ensure organisations take responsibility for their illegal actions and employees get their job back, since the beginning.

More trouble for Tech Mahindra, gets HC notice for layoffs

Things are getting worse for Tech Mahindra after the recent firing fiasco, which brought negative publicity.

Microsoft plans further layoffs

The company has shifted focus from its core business of Windows operating system to cloud computing and other digital technologies.

The New York Times employees protest job cut; walk out of...

The media industry has been going through a tough phase, forced to cut down many copy editing jobs due to digital disruptions.

Snapdeal to retain talent with attractive baits

The company is not only planning to offer pay hikes but may also distribute nearly 1 per cent of its stock to about 150 employees.

Cognizant to trim workforce by five per cent

In an endeavour to shift its focus from traditional IT services to digital, the company plans to trim its workforce

Snapdeal’s internal mail confirms layoffs, salary cuts

In a recent official mail to the entire staff, founders Kunal Bahl and Rohit Bansal admitted to the need to tighten the belt and in the process, let go of some people.

M&A Side Effect: Aircel to let go of 700 employees amid...

The company is reportedly looking at laying off around 10 per cent of its pan-India workforce.

 

RBS to trim 15,000 staff in a bid to cut costs...

The distressed bank is expected to report losses of £2.3bn for 2016, in its financial results to be published soon.

Amid struggle for cash and growth, Snapdeal decides to cut staff

Operations managers across the country have been sent e-mails to “right size” their respective teams.

120 retrenched journalists of ABP and The Telegraph get decent severance...

Journalists who have spent more than two decades have been promised a basic salary till their retirement age.

GE cuts jobs in Niskayuna, NY; brings in robots and AI

The layoffs happen at a time when the company is focussing and investing heavily on software, robotics and AI.

Fitbit to cut down 6% of its workforce amid market slowdown

The company plans to cut six percent of its global workforce because of fourth-quarter results going way below expectations.

Seagate cuts 2000 jobs: Shuts down factory in China

The move, a result of subdued market demand, is aimed to optimise operational efficiency.

Walmart to cut jobs: targets HR team

This time, as part of the restructuring exercise, the lay-offs are reportedly going to affect the stores’ large human resources department. 

90 people to lose job as Disney India decides to stop...

About 15 per cent of the company's total India workforce, of approx. 600, will lose their jobs.

ZTE cuts 3000 jobs globally

The Shenzhen-based telecoms gear maker, is reportedly laying off about five per cent of its 60,000 strong global workforce.

LeEco India looks to rightsizing its workforce

The company is apparently looking at controlling costs and revamping its strategies.

Demonetisation hits jobs in the construction sector: 25% staff laid off

The cash crunch and resulting demand slump have taken a toll on small and medium enterprises, as companies are looking to lay off 25 per cent of their workforce.

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Continuous learning is the key to future success for organisations

The business scenario these days is so dynamic that it is keeping companies on their toes. It’s not just hard to predict where and...

Employee Benefits & Engagement

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Cat naps can increase productivity!

Risposo in Italy, inemuri in Japan or simply siesta in Spain and other countries— call it what you may, but research has shown that...

Make Monday a ‘Fun’ day

The noun 'blues' refers to a 'sad' feeling, and has nothing to do with the colour blue. This feeling may arise from laziness or...

Eli Lilly plays guardian angel to its employees

In the pharma industry, the sales team comprises remote workers. The work of these salespeople generally requires them to travel, usually on two wheelers,...

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Flipkart to allow employees to customise their benefits package

Flipkart, the Indian e-commerce giant, has introduced an inclusive benefits programme for its employees, called FlexBen 2019. The programme will enhance the existing employee...

Kredily raises $750k as seed funding led by Fosun RZ capital

HR technology startup, Kredily, has received a funding of $750,000 (Rs 5.21 crore at current exchange rate) in seed capital, led by Fosun RZ...

Employees spend over 25% of their time looking for info needed to do their...

It is a known fact that better employee experience means more productivity and business growth. The Experience of Work: The Role of Technology in...

Indians rate Amazon as most popular employer: Randstad survey

According to the Randstad Employer Brand Research (REBR), Amazon is the most attractive employer in India. For the first time in about nine years,...

DIALOGUE

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“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...

“Successful women are ambitious and focussed on their careers,” Shalini Pillay

She understands the imperatives for an organisation from a talent perspective. She possesses the consulting skills required to provide solutions. She is also a...

“Automation will create a multiplier effect in the economy, which people don’t understand,” Ravi...

Automation and the volatile behaviour of workers have brought in a lot of challenges for HR in the changing automobile industry, which is now...