Tag: Layoff

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.

This time, as part of the restructuring exercise, the lay-offs are reportedly going to affect the stores’ large human resources department. 

About 15 per cent of the company's total India workforce, of approx. 600, will lose their jobs.

The Shenzhen-based telecoms gear maker, is reportedly laying off about five per cent of its 60,000 strong global workforce.

The company is apparently looking at controlling costs and revamping its strategies.

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 company is facing a subdued market with its shares coming down 1.3 per cent in extended trading.

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.

Dell Technologies will cut 2,000–3,000 jobs, majorly in the United States.

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.

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.