Tag: Layoff

At least 500 laid off at MFine

MFine, the Bengaluru-based healthtech startup, has had to lay off at least 500 employees as it is facing a massive financial crisis. The exact...

Netflix lays off 150 employees in the US

In the wake of slowdown in growth and loss of subscribers, Netflix, the global streaming giant, is laying off 150 employees. These employees constitute...

Unacademy lays off 6,000 as part of cost cutting

Unacademy, the Indian edtech startup, has let go of about 600 employees from its almost 6,000-strong team — about 10 per cent of its...

Another company follows in Better.com’s footsteps, fires 800 via video message

A British shipping and logistics firm, P&O Ferries fired 800 seafarers through a video message. This came as a sudden shock to all the...

Layoff news from across the world

Better.com, where many senior executives had quit — following the infamous mass online layoff of 900 employees over a Zoom call by CEO Vishal...

Better.com’s mass online layoff-unfair and unjust

Online mortgage lender, Better.com, recently fired over 900 of its employees over a Townhall meet. On December 1, the employees were informed that almost...

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,...

Why a coaching culture and not any other culture?

“Would you tell me, please, which way I ought to go from here?” “That depends a good deal on where you want to get to,”...

Poland gets new LTTS R&D centre, local engineering talent to be...

Larsen & Toubro Technology Services (LTTS), the global engineering services company, has launched its new engineering, research and development (ER&D) centre in Krakow, Poland....

Latest

“India needs DE&I conversations specific to our region,” Divya Garg

A big change in 2022 Flexible working is the new currency, with employees ascribing high value to it and employers acknowledging it as critical for...

‘Time to create digital leaders”: Ranjan Kumar Mohapatra at IFTDO World Conference and Exhibition

‘Strategies for an agile work culture’ was the central theme of the HR World Conference that took place at Vigyan Bhawan, New Delhi. The International...

“Leadership and managerial mindset will have to change,” Maneesha Jha Thakur

A big change in 2022 Decoupling of work and geography will be the focus, with more and more organisations having to address the question, ‘Does...

“We need a new leadership development module,” Adil Malia

A big change in 2022 HR leadership during 2022 will singularly be expected to facilitate leadership dialogues around change in the business models through an...

DIALOGUE

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...

“A CEO needs to acknowledge the silent majority who create the company’s fortunes” S...

Q. RPG is a diversified group with businesses spread across sectors and domains. however, its brands have a strong individual identity unlike other business...

“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...