Tag: Layoff

US BPO lays off staff after promising job assurance

US-based BPO firm, First Credit Services, has laid off 80 of its employees who were working out of its Thane office in Mumbai. This...

Pay cut for GoAir staff in March

With the COVID-19 pandemic affecting earnings of airlines the world over, GoAir announced that its staff will be taking pay cuts this month. Last...

Air Canada to lay off over 5100 flight attendants

In response to the rapidly-spreading COVID-19 and subsequent travel restrictions as per  government bodies, Air Canada will be limiting transit and routes for the...

Tata Steel Europe to slash 1,200 jobs

Tata Steel is considering slashing about 1200 jobs in Europe in a bid to increase profits. The steel manufacturing company, which has about 20,000...

Nokia to slash 148 jobs in Finland

Nokia, the telecom network equipment manufacturer, will be laying off up to 148 employees in Finland. However, it will not touch those working in...

British banks to cut jobs as demand for digital services grows

In an attempt to keep up with customers shifting online, and implement cost-cutting measures, Lloyds Banking Group and Virgin Money are going to downsize. While...

Expedia to lay off 3,000

Online travel company, Expedia, will slash about 3,000 jobs worldwide following unsatisfactory performance last year. The Company’s websites are mainly travel aggregators and search...

How Oyo benchmarked its exit process

The term ‘layoff’ finds its way into newspapers and headlines quite often these days. A humane approach to the exercise is becoming a hot...

Dipping profits force Clariant to lay off 600  

Clariant, the Swiss specialty chemicals company, will be laying off 600 employees following a dip in profits in 2019. With this move, the Company...

Kohl’s to lay off 250 employees

Kohl's, the American retail chain, is set to lay off 250 employees. It is reported that an entire hierarchy of regional store leaders will...

With lower headcount, Coal India’s costs expected to fall further

 Coal India’s workforce is expected to be reduced by 40,000 by 2024. Not only will it have a leaner workforce, it will also be...

500 laid off at Aurora Cannabis

Following a dip in stock prices in the face of a financial crisis, Aurora Cannabis, the Canadian licensed cannabis producer, has announced 500 job...

Daimler intensifies cost cutting, will lay off 15,000 jobs

Daimler is cutting costs with greater intensity now, and is reportedly planning to lay off about 15000 employees. In November last year, the German...

Cognizant spends $49 mn on laid off staff, and $29 million...

As part of a business overhaul, Cognizant spent approx. $49 million on the employees it laid off and invested $29 million to retain the...

South African Airways in a hurry to cut jobs and reduce...

South African Airways (SAA) is planning to decrease its wage bill by cutting jobs as soon as possible. The state-owned airline had revealed in...

Julius Baer will lay off 300

Following a huge drop in profits last year, Swiss private bank, Julius Baer (JB), is now planning to cut 300 jobs in 2020. The...

Over 500 to be laid off at Noor Bank as part...

With economic growth being extremely slow in the United Arab Emirates (UAE), particularly in Dubai, the Dubai Islamic Bank (DIB) is expected to let...

450 BBC newsroom employees to be laid off

Close on the heels of Tony Hall, director general, British Broadcasting Corporation (BBC), stepping down, the British public service broadcaster has decided to let...

TripAdvisor plans to layoff 200

Close on the heels of the layoffs at Oyo, the online travel information providing company, TripAdvisor, is also planning to downsize. About 200 employees...

Layoffs in the consumer genetic testing space too

There has been a slowdown in all sectors, globally, including the DNA testing and analysis space. 23andMe Inc. is all set to lay off...

Jaguar Land Rover to lay off 500 in the UK

Jaguar Land Rover (JLR), owned by Tata Motors, will be laying off about 500 employees—10 per cent of the workforce— at its factory in...

Oyo employee does his bit for laid off colleagues

Jasmit Singh, head-enterprise sales, Oyo, posted on LinkedIn to help place co-workers who have been rendered jobless.   Following the laying off of about 2400 Oyo...

Oyo’s hospitality partners panic due to layoffs

The hotel partners seem to have received no communication from OYO about its downsizing and are unable to contact the Company’s representatives either. Oyo’s recent...

Barclays to lay off 100 senior employees

In a bid to cut costs, Barclays, the British lender, is expected to lay off about a 100 senior employees. It is reported that...

Opel to slash 2,100 jobs in Germany

Opel, the German car manufacturer and subsidiary of Peugeot, is all set to lay off 2,100 workers in a bid to remain afloat in...

OYO to lay off thousands in India this week

The objective is to reduce the headcount by 20 per cent Oyo, the hospitality chain, is set to lay off about 2,400 employees in India...

Attrition at Infosys comes down

Involuntary attrition on the other hand, has been on the rise, because of performance-based assessments Despite layoffs, the attrition rate at Infosys seems to have...

Rising costs force hospitality major OYO to increase layoffs

OYO Hotels and Homes is planning to increase the number of job cuts to 2000, that is, about 1500 more than what was planned...

OYO to cut 500 jobs in India

Hospitality company, OYO, is planning to cut down its workforce in India by 500. Employees in the partner-facing experience and business development teams will...

Tata Motors puts rumours of layoff to rest

Despite the economic slowdown and the volatile market, Tata Motors has quashed rumours of downsizing. In fact, the Company is very optimistic about the...

Ola to lay off 15 to 20% of staff to improve...

Ola, the ride-hailing company, is gearing up to downsize. It plans to cut about 15 to 20 per cent of its approx. 6000 strong...

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...

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Young inquisitive employees require continual learning

With four generation of employees at the workplace, the game has changed drastically for organisations today. There is a greater need for the leaders...

Employee Benefits & Engagement

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Delivery of twins to be considered as 2 deliveries for maternity benefits

Following an appeal filed by the Union Ministry against leave granted to a woman employee of the CISF, the Madras High Court recently ruled...

Employee Benefits: Are they valued and appreciated?

Many employers feel that their employees do not really understand the benefits that are offered to them. It is hard to believe, but the...

Achievement of even the smallest of milestones should be celebrated

Employees surely do work hard. After all, they do give priority to their job for at least seven to eight hours every day. Therefore,...

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Indian Staffing Federation (ISF) announces new leadership

The Indian Staffing Federation, the apex body for India’s fast-growing flexi-staffing space has appointed Lohit Bhatia and Farhan Azmi as the elected president and...

US BPO lays off staff after promising job assurance

US-based BPO firm, First Credit Services, has laid off 80 of its employees who were working out of its Thane office in Mumbai. This...

Salaries to be disbursed in 2 installments: Maharashtra Government

In view of the economic impact of the coronavirus lockdown, Maharashtra's Deputy Chief Minister and Finance Minister Ajit Pawar announced on March 31, that...

Mental health: Elephant in the room for India Inc. 

Are you ok? How often do we hear our bosses asking us about our mental well-being? How many organisations today actually take the pain to...

DIALOGUE

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“Archaic HR processes force millennials to switch jobs often,” Niti Khosla, lead people analytics...

Friendly and jolly Niti Khosla, lead-people analytics and business impact, Novartis International, is a true HR leader with the ability to understand people and...

“Traditional organisations use ‘startups’ as proxy to build an agile organisation,” Rahul Garg, founder,...

Moglix offers a variety of products from safety and electronics to office tools. The Company aims to make an impact worth $100 billion dollars...
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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...