Tag: Layoff
Is Volkswagen axing jobs because of low productivity, high costs?
High costs and low productivity have reportedly made the brand Volkswagen financially incompetitive. Meanwhile, the parent company, VW Group —which owns Audi, Porsche and...
Now Amazon’s Alexa team to see job cuts
It hasn’t been long since Amazon reduced headcount in its music and gaming units. Now, there is to be job cuts in Amazon’s Alexa...
500 jobs to be axed at Pfizer, UK
It hasn’t been long since Pfizer slashed a 100 jobs at one of its manufacturing plants in Ireland. Now, the pharmaceutical major is looking...
Virgin Galactic Holdings to reduce workforce by 18%
Virgin Galactic Holdings plans to reduce its workforce by 18 per cent. In the latest quarter, the commercial spaceflight operator posted $1.7 million in...
Now Amazon’s music division witnesses layoffs
Amazon.com is axing jobs in its music division now. That means, its audio streaming platform and digital store for songs will let go some...
GM decides to reverse the layoff of 1,245 employees
The Sindmetal metalworkers’ union released a statement stating that General Motors (GM) has decided to reverse the decision to lay off 1,245 employees at...
Despite strong Q3 results, Informatica to lay off 500+
That artificial intelligence will eat up jobs is more or less clear. The AI startup, Informatica, based out of the Bay Area, has let...
Amid financial distress Accenture plans to lay off
Accenture’s Detroit office is getting ready for a fresh round of layoffs. The layoffs are expected to begin on 4 December 2023, and will...
Barclays cuts 3% roles in consumer banking division
As part of global cost-cutting efforts, Barclays has revealed plans to cut certain roles in its US consumer-banking division. The move will impact 3...
Virgio lets go of 33% of workforce
Virgio, a fashion company founded by Amar Nagaram, former CEO, Myntra, recently underwent a restructuring exercise, which led to 20 employees, constituting 33 per...
Scotiabank to cut 3% of workforce amid economic challenges
Canada's Scotiabank is planning to reduce its global workforce by approximately 2,700 employees, which amounts to about three per cent of its total workforce....
Google lets go about 40 from news division
At least 40 people have been let go from Google’s news division reports CNBC. Although an official confirmation and exact numbers are yet to...
6% of KPMG’s UK advisory team to be laid off
About six per cent of KPMG’s deal advisory business in the UK will be losing their jobs. The accounting firm had already announced reduction...
Rolls-Royce plans to cut over 2,000 jobs
Rolls-Royce has confirmed the elimination of approximately 2,500 jobs as part of its efforts to control costs. Over the past decade, the company has...
LinkedIn to axe about 700 more jobs
Almost 700 people may be rendered jobless at LinkedIn as the job-focused social-media platform tries to reorganise and become more agile.
This is the second...
Qualcomm to restructure, axe at least 1,200 jobs in California
It was only in the third week of September that Qualcomm had revealed its intention to reduce headcount at its Shanghai office. Now, the...
The Washington Post to reduce headcount by 240 amidst dwindling subscriptions
Amidst dwindling subscriptions and advertisements, The Washington Post is looking to axe 240 jobs. It plans to bring these job cuts into effect by...
Kuwait accelerates ‘Kuwaitisation’ by ending 800 expatriate contracts
Kuwait’s Ministry of Interior (MoI) has recently taken a significant step in its efforts to reshape its labour force composition by terminating the employment...
While GM let go about 164 workers, Ford let go 330
General Motors is planning to let go 164 workers at its stamping plants in India, Ohio and Parma. However, as long as the assembly...
Snapchat & Fi announce workforce reductions as part of restructuring
Snap, the parent company of Snapchat, is reportedly planning another round of layoffs, with approximately 150 employees expected to be affected. This move is...
Byju’s to restructure and let go 4,000
Edtech firm, Byju’s is set to cut down its existing 35,000-strong workforce by 11 per cent. That means, about 4,000 employees will be rendered...
Will Dunzo axe more jobs?
Dunzo, the quick commerce startup that has been battling a financial crunch for some time now, is desperately trying to obtain funds. According to...
Is Salesforce rehiring 40% of laid-off employees?
The cloud-based American software firm, Salesforce, is reportedly planning to hire 3,300 people. It is apparently going to rehire about 40 per cent of...
FedEx to trim IT and finance departments
Memphis-based shipping company, FedEx, is reportedly gearing to axe a few jobs in the information technology (IT) and finance departments as part of a...
Google cuts jobs yet again, this time in its recruiting team
Google is looking to cut costs so that it can invest more on artificial intelligence. After laying of 12,000 people in January this year,...
Is Deloitte UK axing 800 jobs?
The 27,000-strong workforce of Deloitte in the UK may be reduced by over 800. If reports are to be believed, the British professional services...
What’s inside this cloud company’s in-house happiness portal
ESDS Software Solutions, a cloud services and data centre solutions company, has innovatively embraced the notion of employee satisfaction through a unique survey platform,...
How WOW uses eNPS surveys to foster a collaborative environment
The dynamics of trust and collaboration vary across organisations as everyone will have nuanced differences in their definitions of these terms. The same holds...
PARTNER POSTS
Future of talent acquisition in the age of generative AI
If you've been feeling a bit overwhelmed by the buzz surrounding generative AI, you're not alone. Let us face it, our industry is evolving,...
Innovation in insurance recruitment: Tata AIA’s journey towards high volume, top talent acquisition
Tata AIA Life is a joint venture between Tata Sons Pvt. Ltd and AIA Group. The venture merges Tata's leadership in India with AIA's...
Has AI really impacted employment in Europe?
A recent study to gauge the impact of artificial intelligence (AI) on employment in Europe, reveals that about 25 per cent of all jobs...
Latest
Delhi job market grows by 52,420, while Bangalore’s drops by 41,208
From September 2022 to July 2023, unicorn companies in Delhi increased their total workforce by 52,420. Meanwhile, according to reports, Bangalore companies reportedly decreased...
Deloitte in India’s volunteers devote a day to making an impact
More than 55,000 volunteers from Deloitte in India helped skill local communities and invest time and efforts to conserve the environment as part of...
Demand for restoration of OPS in many parts of India
In Punjab, the Punjab Civil Medical Services Association (PCMSA) has assured support to the Punjab State Ministerial Services (PSMS) Union in its fight for...
13th Social Dialogue Forum concludes in Riyadh
Engineer Ahmed bin Suleiman Al-Rajhi, minister of human resources and social collaboration, Saudi Arabia, recently concluded the 13th Social Dialogue Forum in Riyadh. In...
DIALOGUE
Data analytics and not technology will redefine HR
Q. How satisfying has been your professional journey of 39 years?
A. It has been a bagful of mixed experiences. At times I have been...
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....
