Tag: layoffs
Spanish bank to lay off over 6,452 instead of 8,291
Caixabank, which had initially planned to lay off about 8,291 earlier this year, agreed to reduce the number to 6,452 following discussions with unions...
No fear of job loss at SAIL
When the raw materials division (RMD) of the Steel Authority of India (SAIL) in Kolkata was ordered to be dismantled, there were fears of...
Volkswagen to slash about 4,000 jobs, freeze hiring this year
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...
TikTok to close India business, large-scale layoffs expected
With restrictions on its services still in place, Bytedance, which owns TikTok, has decided to close its business in India. Along with 58 other...
ABN Amro to lay off 2,800 people, to digitise
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...
10,000 job cuts for IBM in Europe
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...
New York MTA likely to slash 50% jobs
The lack of federal aid and economic losses stemming from the pandemic is forcing the Metropolitan Transport Authority (MTA) to undergo service reductions. The...
More cabin crew to lose jobs at Etihad
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...
Consistency with employee branding a must, even amidst a pandemic?
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...
Singapore Airlines pilots prefer 60% pay cut to job loss
Pilots of Singapore Airlines are willing to take further pay cuts to remain employed. On September 18, an agreement was reached between Singapore Airlines...
British Airways may lay off 10,000
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...
American Airlines seeks govt aid; will lay off 19,000 in Oct
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...
Swiggy implements final phase of restructuring; lays off 350
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: No appraisal in 2020, no mass layoffs, lateral hiring continues
HCL Technologies, a subsidiary of HCL Enterprise, has decided not to have appraisals for this year, and this will be applicable for all employees...
5-year leave without pay for 600 Air India 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...
Harley-Davidson to slash 500 jobs as part of five-year recovery plan
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...
8% of Accenture workforce in UK laid off
Accenture, the multinational professional services company is reducing its workforce in the UK by about eight per cent. That means, about 700 to 900...
Sahara employees get increments, promotions
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,...
Sensitive dismissals are the need of the hour
Businesses across all sectors have had a tough time this year, with only a few of them beginning to get back on their feet....
These employees are most vulnerable during layoffs
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...
Concerns about job security, workplace policies grew during pandemic: Survey
With remote working becoming the new normal, the survey by TimesJobs, titled ‘HR managers & Remote working’ could not have been better timed. As...
IBM cuts jobs across the US
International Business Machines (IBM) has reportedly laid off thousands of employees across the US, irrespective of age, tenure and seniority. While the exact number...
Over 3,700 Uber employees fired in minutes over Zoom Calls
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...
Delta Air Lines suspends projects, may impact jobs at TCS, Cognizant,...
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....
No layoffs at DLF, staff to get increments up to L3...
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...
Walt Disney Co to dismiss non-essential employees amid COVID-19 outbreak
The impact of the coronavirus outbreak has forced many global multinational companies to furlough their employees, owing to the current financial burden. On the...
750 jobs to be slashed at Apollo Tyres plant, in 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...
Cisco expected to slash jobs yet again
With macroeconomic pressure mounting and the coronavirus scare also affecting sales, Cisco Systems is set to slash jobs in yet another round of layoffs....
How Oyo benchmarked its exit process
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 lays off over 120
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 to layoff 350 employees to reduce cost
Cognizant has decided to layoff around 350 people from mid to senior level positions. The salary packages of these employees ranged from Rs 80...
IT jobs at risk in the upcoming quarters, unemployment to rise
Following layoffs announced by Infosys and Cognizant, it is predicted that most big information technology (IT) companies in the country will be reducing their...
About 350 employees laid off at Uber
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....
9000 expected to be laid off at Deutsche Bank
Deutsche Bank is reported to be planning to lay off about 9000 employees in Germany, mostly back office and support staff. The objective is...
HP India to slash 7000 – 9000 jobs globally in 3...
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...
Wells Fargo reorganising its centres in India, hundreds of job cuts...
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...
Few things employees should do during an economic slowdown
Thousands of jobs have disappeared in a flash as employees are being laid off in auto, textile and now even in the FMCG sector....
IL&FS reduces wage bill, lays off 43% of its staff
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...
Uber lays off 400 marketing staff owing to slow growth and...
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...
Indian handsets sector rendered 250,000 jobless in two years
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 to lay off over 185 employees in Ontario
Ford Motor Company, the American multinational automaker, is expected to lay off about 185 employees at its assembly plant at Oakville, Ontario in September....
How companies handle mass exits during layoffs
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’s Bengaluru development centre to shut; layoffs in sight
Twitter has apparently decided to discontinue its global engineering work at its Bengaluru development centre and is laying off some employees.
More layoffs at IBM
The company is also relocating a few employees to offices in India and Costa Rica from the US.
How personalised learning can transform capability development in 2021
According to the World Economic Forum, there is a fierce urgency for reskilling in the world, as over one billion jobs have been transformed...
Dilemmas and decision making – How coaching can help leaders at...
Leaders, especially, talented and competent ones, are critical for organisations. They perform well under pressure and willingly step up when required to shoulder a...
Many employers make vaccination mandatory for employees in the US
With cases of the Delta variant rising in the US, many employers are making it mandatory for their staff to get their shots. Some...
Latest
WizKlub sees a 30% student growth rate in a month and plans to hire...
Bengaluru, 29 July, 2021: WizKlub, a k-12 focussed ed-tech startup that builds skills for future careers, has on boarded an increased number of students...
Dilemmas and decision making – How coaching can help leaders at the crossroads
Leaders, especially, talented and competent ones, are critical for organisations. They perform well under pressure and willingly step up when required to shoulder a...
Locus assigns $4 million for ESOP buyback
Locus, a platform that automates supply chain decisions, has announced that it has set aside $4 million for its ESOP buyback. All employees, whether...
Zimyo launches employee benefits platform for financial wellness
Zimyo, the unified human capital management platform, which offers robust HR and payroll solutions, has now forayed into the embedded finance space. It has...
DIALOGUE
“If CEO is the father of an organisation, CHRO is the mother,” Pankaj Lochan
Q. You have been shuttling between HR and manufacturing roles. Was it a well-thought out strategy or did you just go with the flow...
Binding multi-faceted employees with Titan Values
Titan has different sets of employees for different functions and verticals, ranging from the shopfloor to the retail stores. How do you bring in...
The right people policy for startups – Madan Nagaldinne
You happen to have worked mostly with large organisations. How different is it working for a startup now?
When you have worked for big...
