Operations managers across the country have been sent e-mails to “right size” their respective teams.
Journalists who have spent more than two decades have been promised a basic salary till their retirement age.
The layoffs happen at a time when the company is focussing and investing heavily on software, robotics and AI.
The company plans to cut six percent of its global workforce because of fourth-quarter results going way below expectations.
The move, a result of subdued market demand, is aimed to optimise operational efficiency.
About 15 per cent of the company's total India workforce, of approx. 600, will lose their jobs.
The cash crunch and resulting demand slump have taken a toll on small and medium enterprises, as companies are looking to lay off 25 per cent of their workforce.
As part of cost cutting, the organisation is planning to lay off a tenth of its global workforce beginning with Singapore and Hong Kong.
During April–September this year the company laid off 14,000 employees across businesses, to stay agile and competitive.
The automaker may move employees into early retirement, every year, over the next decade.
These job cuts— a part of an annual cost trimming plan —will account for a small portion of its total Asia corporate and investment banking staff.
The company is apparently planning to cut 3,000 jobs as part of the cost cutting and manufacturing unit shut-down plan.
The tech giant has apparently shut shop on parts of its most ambitious initiatives — the self-driving car.
The company will carry out an orderly ramp-down, chiefly in India, over the next few months.
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!
This is an important decision as in the 127 year old history for National Geographic, this is the biggest instance of a layoff drive.
The layoff is an outcome of its plan to restructure its phone hardware business to better focus and align resources.