Tag: Layoff
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...
GoDaddy experiences surge in business, yet lays off over 800 employees
It is not just companies going into deep losses that are laying off staff, but even those witnessing growth in business that are downsizing. ...
Gojek renders 430 employees jobless
Gojek, the ride-hailing and digital payments platform, has decreased its workforce by nine per cent. The layoffs come as a surprise because the Southeast...
Cognizant lays off benched employees
According to the New Democratic Labour Front (NDLF), an IT employee union, the US- based IT major, Cognizant, has begun terminating its benched employees as...
Qantas Airways to slash 6,000 jobs, ground 100 planes
Qantas Airways, Australia’s largest airline, intends to raise close to A$1.9 billion ($1.3 billion) and slash at least 6,000 jobs, as part of its...
HSBC revives layoff plan put on hold due to lockdown
In February, HSBC had announced a job cut of 35,000. In 2019, Europe’s largest bank had reported a 33 per cent fall in pre-tax...
AT&T to cut 3,400 technician and clerical jobs in the US
American multinational telecommunications company, AT&T is considering laying off more than 3,400 technicians and clerks in the US. The American wireless carrier has shared...
Hilton slashes over 2,100 jobs
With travel brought to a halt by the coronavirus outbreak, globally, the tourism and hospitality sectors have suffered huge losses. With brands such as...
PaisaBazaar slashes over 1500 jobs
The lockdown has cost yet another mass job loss. This time it’s at SoftBank-funded PaisaBazaar.com, where 1,500 employees have been shown the exit door....
Tata Motors to lay off 1,100 at JLR unit
Tata Motors is planning to lay off 1,100 temporary employees at its luxury Jaguar Land Rover (JLR) unit, in pursuit of a target of...
Capita to slash 200 jobs in a bid to cut costs
Capita, London-based international business process outsourcing and professional services company, is planning to lay off about 200 employees, as per media reports.
The Company, which...
Sakal Times lays off entire print staff, shuts shop
Sakal Times has asked its entire editorial team, that is, about 50 to 60 people, to leave and has wound up its print edition...
Lufthansa to slash 22,000 jobs, strikes bailout deal with German govt
Lufthansa announced its intention to lay off about 22,000 full-time employees, as it sees no hope of demand for travel recovering any time soon,...
Foreign staff of Qatar govt to face pay cuts, layoffs
Qatar’s Finance Ministry has instructed all government bodies and state-funded organisations to cut spending on its foreign employees by 30 per cent from June 1. The...
Wheels stop turning for Atlas Cycles, staff laid off
Atlas Cycles has admitted that it is unable to carry on manufacturing operations amidst financial limitations. On June 3, therefore, it laid off its...
ZF to lay off 15,000 jobs in 5 years
ZF Friedrichshafen, the German company that manufactures auto components, will be slashing about 15,000 jobs over a period of five years, and most of...
Renault to slash 15,000 jobs worldwide, calls it the cost cutting...
French automobile manufacturer, Renault, is planning to sack 15,000 employees worldwide as part of its cost-cutting plan for the next three years. Due to the...
Blackberrys lays off 120 employees, calls move ‘essential’ for survival
Blackberrys, the Indian clothing brand owned by Mohan Clothing Co., has laid off 120 employees amidst the pandemic. The employee strength of the Company...
ShareChat slashes 101 jobs to cut costs
ShareChat, the Bengaluru-based regional social-media platform, laid off 101 employees on May 20. The Company, which is backed by Twitter, has made this move...
Glassdoor sacks 300 employees, executives take a pay cut amidst crisis
Glassdoor, a platform to evaluate employees' reviews on various employers and their experiences with various organisations, is now itself in a tight spot to...
2nd round of job cuts at Uber, 45 offices to close...
Only about a week back, Uber had made headlines for the manner in which it had asked about 3,700 employees to leave, over multiple...
Hexaware fires 800, faces legal notice
Mumba-headquartered information technology (IT) firm, Hexaware Technologies, has laid off about 200 and 600 members of its staff at its Pune and Mumbai offices,...
Zomato to cut 520 jobs, 50% pay
Zomato, the online food-delivery startup and food aggregator has decided to lay off 13 per cent of its workforce, that is close to 520...
Hyatt plans to restructure globally, will lay off 1,300 employees
The hospitality sector has been one of the worst hit due to the coronavirus outbreak, restrictions imposed worldwide and the lockdown across nations. Chains,...
150 asked to resign at HDB Financial Services, based on performance...
HDB Financial Services has asked almost 150 employees to resign following a performance review. However, the employees who were asked to submit their resignations...
Ten key skills required in an age of digital transformation
As a growing number of organisations integrate digital technologies into all aspects of their business, digital transformation has come to be regarded as the...
Employees need to hit the ‘pause’ button once in a while
Gone are the days when unused sickness leaves were carried forward by employees to the next year. Times are such that organisations are surprising...
Latest
4 Deloitte offices to close in UK; WFH contract for staff
Deloitte, the global accounting and consulting firm, will shut down four out of its 50 offices in Britain. However, all the employees, that is,...
Vacancies at NSD, salaries ranging from Rs 18K to 1.7 lakh
National School of Drama (NSD), is accepting applications from interested candidates for various posts, including librarian, assistant director and sound technician. The autonomous body,...
Centre to study job-creation environment, take national headcount
The Central government is setting up a special committee to help the Labour Bureau conduct a national survey and take a headcount of the...
Over Rs 17K Diwali bonus for 11 lakh Railway employees!
The proposal by the Ministry of Railways to grant the productivity-linked bonus (PLB) to its employees, as is the usual practice during Diwali, has...
DIALOGUE
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...
“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...
