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.

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BSNL VRS scheme: Highest payout at 90 lakhs

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