Tag: Layoff
Wipro benches 300 employees, Labour Commission issues notice
In a clear violation of the government notification dated March 31, which states that employers cannot reduce salaries or terminate employees during lockdown, the...
Cure.fit lays off 800, closes some centres to cut costs
As part of cost-cutting measures, Cure.fit, the Bangalore-based gym and wellness startup, has laid off almost 800 of its employees — including fitness trainers...
British Airways to lay off 12,000 as part of restructuring
British Airways has released a statement in the wake of this pandemic situation, announcing the termination of nearly 12,000 employees. The layoff is part...
Fareportal fires employees, Govt seeks clarifications
Despite notices issued by the Maharashtra government that employers should refrain from laying off employees during the lockdown, US-based travel company, Fareportal, has gone...
New rule from BEST causes fear of job loss among bus...
With seven staff members of the Brihanmumbai Electric Supply and Transport (BEST) testing positive for COVID-19, a decision has been taken for buses to...
51,000 jobs lost in oil industry
March 2020 witnessed over 51,000 people losing their jobs in the auxiliary businesses associated with the oil industry, in the US, such as those...
TCS defers increments, will not reduce jobs
Tata Consultancy services (TCS) is expecting the second quarter of FY21 to be strongly impacted by the pandemic and the lockdown. However, Rajesh Gopinathan,...
Why furlough is more apt than layoff
Companies across the world are laying off employees or asking them to go on furlough in order to survive the economic downturn.
For the uninitiated,...
OYO: No job cuts in India, but furloughs in the US
OYO has officially announced that while the Company will go ahead with furloughs and temporary leaves in the US and some other markets, no...
Publisher of Daily Mirror to furlough over 900 employees and cut...
Reach, the publisher of the Daily Mirror, Daily Express and Daily Star newspapers, has decided to temporarily dismiss 20 per cent of its 4700...
How should employees keep themselves off the layoff list
The lockdown across the world is expected to have a cascading effect on jobs. Though most companies are tight-lipped on layoffs to avoid any...
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...
How this energy company is championing employee inclusivity & engagement
In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...
Trident’s Asmita leaves blossom into inclusive workplaces
Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
Harness.io: Cultivating a talent powerhouse in the tech crucible
The tech scene, be it in India or San Francisco, is equally crucible, fiercely competitive and unforgiving. In both the landscapes, attracting and retaining...
Engagement is outdated: The future of success lies in ‘employee involvement’
In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
Why is Samsung embracing a 6-day workweek?
Executives at Samsung Electronics will be working six days a week. That is, in addition to the five days of work, they will now...
Latest
“Complaining about spouse to their employer disrespectful”: High Court
A couple seeking divorce were chided for the absence of respect in the marriage. The wife had apparently spoken to the husband’s employer and...
Sulabh Kulshreshtha moves from Nykaa to Livspace, as head-HR
Sulabh Kulshreshtha has joined Livspace, the home interiors and renovation platform, as head of human resources. He moves from Nykaa, where he served for...
Wipro’s headcount dropped by 6,180 employees in sixth quarter
Wipro's employee strength has decreased for the sixth consecutive quarter. As revealed by the IT services giant's financial report for the period spanning January...
AuthBridge gets Payal Aggarwal as VP-HR
AuthBridge Research Services has appointed Payal Aggarwal as its new vice president-human resources. In her new capacity, Aggarwal will play a pivotal role 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....
