Tag: Layoff

BookMyShow had to let go 200 employees

BookMyShow, the online movie and entertainment ticketing platform, has let go of 200 employees, due to the adverse effects of the pandemic on the...

Nokia to cut 1,500 jobs in India, as part of cost-cutting,...

Last week, Nokia, the Finnish telecom equipment manufacturer, had revealed plans to downsize its workforce by about 10,000 over a period of two years....

Nokia to slash 10,000 jobs

Nokia, the Finnish telecom equipment manufacturer, is all set to get rid of per cent of its workforce. That means, about 10,000 employees will...

ExxonMobil to slash 300 jobs in Singapore

About 300 employees of ExxonMobil in Singapore will be asked to leave, as part of a major reorganisation exercise. The American oil and gas...

200 laid off at bike-sharing platform, Bounce

With demand for shared mobility showing no signs of recovery, Bounce, the Bengaluru-based bike-sharing platform has resorted to another round of layoffs. After laying...

2,000 to be laid off at Jaguar Land Rover

Jaguar Land Rover is all set to shrink its global workforce by about 2,000 as part of a cost-cutting exercise. Employees have already been...

103 of Lufthansa’s cabin crew in India laid off

Lufthansa’s 140-strong cabin crew, based in India, will now be reduced to 37. The Airline has let go about 103 members, amidst severe losses....

AI, automation to take away 5,000 jobs at Tech Mahindra

Tech Mahindra, which is part of the Mahindra Group, is working towards reducing the workforce in its business process services (BPS) wing by 5,000...

340 branches,10,000 jobs to be axed by Commerzbank

As part of a digitalisation and restructuring process, Germany's Commerzbank plans to slash about 10,000 jobs, that is about one-fifth of its total employee...

FedEx will let go over 6,000 employees in Europe

American multinational delivery services company, FedEx, has decided to reduce its workforce by about 6,300 employees in Europe. The job cuts will be carried...

More junior staff to be laid off at Standard Chartered

Standard Chartered will cut more jobs as part of its ongoing restructuring process. This time, more employees at the junior level are expected to...

Employees continue to lose jobs worldwide

In Melville, US, the Newsday Media Group is all set to layoff a significant number of employees in the IT, advertising, marketing, security and...

315 employees of Dropbox to be laid off

Dropbox will lay off 11 per cent of its staff, that is, about 315 people. With most of its employees across the globe working...

“Termination of staff of MUFG Bank illegal”: AIBEA

MUFG Bank, which was formerly Bank of Tokyo-Mitsubishi, has laid off 26 of its staff in India, including 18 officers and eight workmen. Some...

General Motors to shut Talegaon plant, render 1,800 jobless

The last functioning factory of General Motors in India will close its shutters on December 24, as relations between India and China continue to...

Workforce rehaul at Coca-Cola, 2,200 to be laid off globally

Coca-Cola Company, the American multinational beverage firm, is set to reduce its global workforce by 2,200. In the US itself, it will let go...

Deutsche Bank to shut 200+ branches , 350 jobs at risk

Deutsche Bank’s retail banking sector plans to close 200 branches over the next two years. This means, about a 100 branches of Deutsche Bank...

3M to restructure, slash 2,900 jobs

3M Co. is set to lay off about 2,900 employees, about three per cent of its global workforce, as part of cost-cutting measures and...

Walmart, ConocoPhillips to lay off employees

Walmart, the American retail company, is planning to cut 1,241 jobs at its New Jersey and Arkansas units in 2021. This move is expected...

5,000 more may be laid off at Thyssenkrupp

Following huge losses, of up to €1.6 billion ($ 1.9 billion), the German multinational, Thyssenkrupp, is considering laying off 5,000 more people from its...

More layoffs expected at Goldman Sachs

There is talk of a second round of layoffs at Goldman Sachs. The Group had discontinued layoffs due to the pandemic, after a first...

Shell’s Singapore refinery to slash jobs

Royal Dutch Shell will shrink the workforce at its oil refinery in Singapore. It will also reduce the crude-processing capacity at the refinery by...

Layoffs at ING, Nike & ESPN

Dutch bank, ING, will lay off 1000 employees by 2021 and shut its offices in South America and Asia. Nike also revealed its intention...

15 days’ notice for lay offs, 60 for retrenchment

Ministry of Labour and Employment has put forward the draft rules for the Industrial Relations Code, wherein it has suggested that industrial establishments should...

Finnair to cut 700 jobs

With the aviation sector struggling to recover from the slump in business, Finland's national carrier, Finnair is now gearing to slash about 700 jobs,...

Disney’s theme parks to render 28,000 jobless

Approximately 28,000 employees or ‘cast members’ as they are called, working at Walt Disney’s theme parks in the US will be laid off. The...

Shell to slash 9,000 jobs, shift to low-carbon energy

Royal Dutch Shell is set to slash about 7,000 to 9,000 jobs by 2022, that is more than 10 per cent of its workforce,...

Harley-Davidson to quit Indian market for good

With sales dipping drastically, Harley-Davidson has decided to wind up all manufacturing and sales operations in India. The American motorcycle brand’s recent restructuring plan,...

Lufthansa considers reducing fleet and more job cuts as losses mount

With no hope of demand picking up this holiday season, Lufthansa is seriously considering reducing its fleet of planes by 150 in the next...

Dell Technologies to downsize, India staff may be affected

Dell Technologies is gearing up for a round of job cuts — the second one in about two months — in a bid to...

Garbing layoffs as restructuring: it matters to those axed

Julie Sweet, CEO, Accenture, revealed mid-August that it plans to lay off five per cent of its global workforce, affecting around 10,000 in India....

“No layoffs post merger of OBC, UBI and PNB,” assures MD...

SS Mallikarjuna Rao, MD and CEO, Punjab National Bank (PNB), has assured the employees that no jobs will be slashed following the merger of...

The trend of garbing layoffs as restructuring

There has been a trend for companies, be it small organisations or big, to lay off people in the name of restructuring. While companies...

Several developers at Oracle’s Commerce Cloud lose jobs

Oracle has reportedly slashed the jobs of several developers from the Oracle Commerce and Commerce Cloud development teams. According to various social-media posts, the...

Mozilla to slash 250 jobs, focus on new products

Mozilla, which is most popular for the Firefox web browser, is all set to downsize and also restructure its workforce. Having been adversely affected...

Over 100 contract employees of PEL rendered jobless  

The pandemic has hit businesses hard and the Indian Space Research Organisation (ISRO) is no exception. Contract engineers and technicians who are integral to...

Survivor’s guilt: What those who escape the axe feel after layoff

These past few months have been witness to multiple layoffs across companies, in various sectors. The remaining lot feel relieved, yes, but they also...

Raymond to slash jobs in an endeavour to cut costs

Raymond Group, the Indian branded fabric and fashion retail company, is slashing jobs as part of its cost-cutting strategy. The Company, which is amongst...

KPMG to lay off 200 in Britain amidst dip in demand

Multinational professional services firm, KPMG, will be slashing about 200 jobs in Britain amidst unprecedented fall in demand for professional services, due to the...

IndiGo lays off 10% of staff, over 2000 impacted

The ongoing pandemic has impacted many industries around the world, but aviation is by far the hardest hit. Understanding the gravity of the situation, the...

UC Web winds up in India, lays off 90% staff

UC Web, subsidiary of the China-based multinational firm, Alibaba Group, has suspended its India operations. It has asked 90 per cent of its workforce...

Economic slump forces Emirates to lay off 9,000 employees

The condition of the aviation sector across the world has been deteriorating ever since the coronavirus outbreak. With flights yet to resume and so...

800 Emirates pilots laid off in a day

Emirates, the Dubai-based airline, has started another round of layoffs, slashing 800 jobs in a day. The senior pilots with over 12 years of...

2,200 DHL logistics staff at JLR to lose jobs

Logistics company, DHL, is gearing up to let go 2200 employees working for the Jaguar Land Rover (JLR) factories in the UK. This means,...

Lufthansa to restructure, cut 20% leadership and 1,000 admin jobs

Lufthansa has announced its plan to restructure the organisation to be able to deal with the economic pressures of the pandemic. The German airline...

Pandemic forces OYO to slash headcount in Japan

With the pandemic forcing nations to seal borders and ground their airlines, the travel and hospitality sectors have experienced a drastic slump in business....

Cognizant to lay off nearly 18000, faces legal action from KITU

After receiving numerous complaints from employees of the IT firm Cognizant, Karnataka State IT/ITeS Employees’ Union (KITU) said it had initiated legal action against...

Tesla denies allegations of threatening employees with termination

After several Tesla employees alleged that the Company threatened to fire them for not returning to work, the electric car company has denied having...

Esprit to slash 1200 jobs, close 50 stores in Germany

Esprit has announced its decision to lay off 1200 employees, which means, 20 per cent of its workforce. The international fashion house will be...

Airbus to sack 15,000 employees, calls it ‘gravest crisis ever’

The impact of the coronavirus pandemic and the lockdown it triggered is clearly visible in the aviation industry. The latest to go for downsizing...

How personalised learning can transform capability development in 2021

According to the World Economic Forum, there is a fierce urgency for reskilling in the world, as over one billion jobs have been transformed...

Dilemmas and decision making – How coaching can help leaders at...

Leaders, especially, talented and competent ones, are critical for organisations. They perform well under pressure and willingly step up when required to shoulder a...

Latest

67% respondents anticipate significant change in role of CFOs

Now that businesses across sectors have realised that ‘normalcy’ remains far-fetched, they are focussing on ways to stay relevant. This is the time when...

NHRDN Mind Matters 2.0 raises awareness about mental health

National HRD Network’s (NHRDN) ‘Mind Matters’ campaign aims to create awareness about mental well-being and eliminate the stigma attached to the mental health issues...

Junior bankers at Morgan Stanley will earn at least $100,000 now

Morgan Stanley, the American investment bank, has hiked the minimum salary of its junior bankers by $15,000. While the first-year analysts will earn $100,000...

Testbook to tie up with universities and IITs for job-prep programme

Testbook.com, the Indian government job preparation ed-tech platform, will now offer a 360-degree ‘’Skilled Campus Programme’ for students, across over 50 universities and colleges,...

DIALOGUE

“If CEO is the father of an organisation, CHRO is the mother,” Pankaj Lochan

Q. You have been shuttling between HR and manufacturing roles. Was it a well-thought out strategy or did you just go with the flow...

Binding multi-faceted employees with Titan Values

Titan has different sets of employees for different functions and verticals, ranging from the shopfloor to the retail stores. How do you bring in...

The right people policy for startups – Madan Nagaldinne

You happen to have worked mostly with large organisations. How different is it working for a startup now? When you have worked for big...