The tech giant has apparently shut shop on parts of its most ambitious initiatives — the self-driving car.
Browsing: Layoff
The company will carry out an orderly ramp-down, chiefly in India, over the next few months.
While Microsoft wishes to focus on the phone hardware business, Flipkart states the need to do away with underperformers.
So what, if you are fired? Don’t fret. This is the best time to explore other opportunities or even alternative careers.
Grocery delivery service, Grofers has decided to lay-off 10 percent of its workforce, and at the same time has revoked joining of 67 fresh hires.
The process will be executed over the next 60 days with some actions spanning into 2017.
There have been several media reports since the evening of March 2, 2016 on the same. One tech website has reported that the retrenchment could be as big as one-third of the total workforce.
Loss of job is undoubtedly an emotional time when people feel alone, scared and vulnerable. It is important for an employer to smoothen the termination process, show compassion and empathy and re-instate trust. The employees must see the decision as a necessity for business rather than a witch hunt!
Around 38 per cent of participating companies plan to fire managerial-level employees, while there will be only 29 per cent reduction in the workforce in the current quarter. Speed of hiring is expected to go up from 62 to 88 per cent.
This is an important decision as in the 127 year old history for National Geographic, this is the biggest instance of a layoff drive.
Hewlett-Packard Enterprise, the newly formed company hopes to reduce costs by $ 2.7 billion through this layoff.
The layoff is an outcome of its plan to restructure its phone hardware business to better focus and align resources.