Tag: layoffs

In a bid to cut about 4,000 jobs, Volkswagen is planning to offer early retirement options or partial retirement to its older employees across...

With restrictions on its services still in place, Bytedance, which owns TikTok, has decided to close its business in India. Along with 58 other...

As part of cost-cutting measures, ABN Amro plans to lay off about 15 per cent of its workforce. This means, about 2,800 people will...

As a step towards lowering costs, IBM intends to slash 10,000 jobs in Europe at all its slow-growth service units, while preparing for its...

The lack of federal aid and economic losses stemming from the pandemic is forcing the Metropolitan Transport Authority (MTA) to undergo service reductions. The...

Cabin crew at Abu Dhabi’s Etihad Airways have been told to expect more layoffs, via an internal mail. The Airline has decided to ground...

Employee branding has never been ad important for organisations as it is now. How companies behave during a crisis, impacts their employee value proposition. “Crises...

Pilots of Singapore Airlines are willing to take further pay cuts to remain employed. On September 18, an agreement was reached between Singapore Airlines...

Despite following some drastic cost-cutting measures over the past few months, British Airways (BA) appears to be faced with about 10,000 redundancies. While fielding...

The workforce of American Airlines will be reduced by 40,000, which will include about 19,000 involuntary cuts, in October. Although the Airlines received aid...

In what it calls as its final step in the restructuring exercise, food delivery firm, Swiggy, has announced further layoffs of 350 employees. This...

HCL Technologies, a subsidiary of HCL Enterprise, has decided not to have appraisals for this year, and this will be applicable for all employees...

About 600 permanent employees of Air India, are to be offered a ‘leave without pay (LWP)’ scheme for a period of six months to...

With sales plunging in the US, Harley-Davidson is planning to slash 500 jobs this year. These layoffs are part of a restructuring strategy being...

Accenture, the multinational professional services company is reducing its workforce in the UK by about eight per cent. That means, about 700 to 900...

While most businesses are imposing pay cuts and even laying off employees to stay afloat amidst the economic slump caused by the COVID-19 pandemic,...

Businesses across all sectors have had a tough time this year, with only a few of them beginning to get back on their feet....

In every company, the frontline workers are considered to be the stars of the organisation. Those in customer-facing roles are considered an asset due...

With remote working becoming the new normal, the survey by TimesJobs, titled ‘HR managers & Remote working’ could not have been better timed. As...

International Business Machines (IBM) has reportedly laid off thousands of employees across the US, irrespective of age, tenure and seniority. While the exact number...

Uber has reportedly laid off nearly 3,700 employees via multiple Zoom calls, with each calling lasting less than three minutes conveying a common message...

US-based Delta Air Lines, which outsources contracts to Tata Consultancy Services (TCS), Cognizant and IBM, has decided to suspended many of its technology projects....

Indian real-estate company, DLF, has assured that no employees will be laid off in the organisation. In fact, the Company plans to give the...

The impact of the coronavirus outbreak has forced many global multinational companies to furlough their employees, owing to the current financial burden.  On the...

Apollo Tyres is planning to slash about 750 jobs at its plant in the Netherlands, by 2022. The job cuts are aimed at ensuring...

With macroeconomic pressure mounting and the coronavirus scare also affecting sales, Cisco Systems is set to slash jobs in yet another round of layoffs....

The term ‘layoff’ finds its way into newspapers and headlines quite often these days. A humane approach to the exercise is becoming a hot...

Sony India has had to let go approx. one seventh of its workforce in the country. This means, about 120 employees have been rendered...

Cognizant has decided to layoff around 350 people from mid to senior level positions. The salary packages of these employees ranged from Rs 80...

Following layoffs announced by Infosys and Cognizant, it is predicted that most big information technology (IT) companies in the country will be reducing their...

Around 350 Uber employees were laid off on 14 October, most of whom belonged to the advanced technologies group (ATG) of the ride-hailing company....

Deutsche Bank is reported to be planning to lay off about 9000 employees in Germany, mostly back office and support staff. The objective is...

Multinational information technology company, Hewlett-Packard (HP), is expected to lay off 500 employees in India. The Company is gearing up to restructure globally and...

A few hundred employees can expect to lose their jobs at Wells Fargo’s development centres in Hyderabad, Bengaluru and Chennai. The American banking and...

Thousands of jobs have disappeared in a flash as employees are being laid off in auto, textile and now even in the FMCG sector....

Since the appointment of the new board at Infrastructure Leasing and Financial Services (IL&FS), in October 2018, the Indian infrastructure development and finance company...

Ride-hailing company, Uber, is reducing its 1200 strong global marketing team by 400, in order to bring down costs and do away with overlapping...

With several thousands of small phone-retailing shops shutting down, about 15 per cent of the workforce in the handsets segment of India has been...

Ford Motor Company, the American multinational automaker, is expected to lay off about 185 employees at its assembly plant at Oakville, Ontario in September....

Almost every sector in the Indian business scenario, is going through a turmoil. In the last five to six months, we have witnessed several...

Twitter has apparently decided to discontinue its global engineering work at its Bengaluru development centre and is laying off some employees.

The company is also relocating a few employees to offices in India and Costa Rica from the US.