Tag: Layoff

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...

3,700 full-time jobs to be slashed at Uber

With the pandemic and related restrictions imposed by nations across the world, the demand for app-based rides fell drastically over the last couple of...

Virgin Atlantic may lay off over 3,000 employees

No airline has escaped the effect of the pandemic, given that most airports are sealed and flights have been grounded for months now. British...

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...

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,”...

Latest

Treebo appoints Purvaja Prabhakar as head of people & culture

Treebo Hotels, the Indian chain of budget hotels, has appointed Purvaja Prabhakar as its head of people & culture. Prabhakar, who comes with over 13...

Government staff must buy cheapest travel ticket to avail LTC

Central government employees will have to follow new rules to avail leave travel concession or LTC, as per the 7th Pay Commission. The Ministry of...

CWT appoints Laura Watterson as CHRO

CWT, the business-to-business-for-employees (B2B4E) travel-management platform, has announced the appointment of Laura Watterson as executive VP, chief human resources officer, starting 5 July, 2022....

Tesla sued by former staff for mass layoff without 60-day notice

When Tesla decided to lay off about 500 workers at its Nevada Gigafactory, little did it know that the move will actually cause two...

DIALOGUE

“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....

“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...