Tag: layoffs

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.

Whose duty is to create happy and engaged employees?

In our developing and changing world, one of the most popular concepts of today is undoubtedly employee engagement. Along with the numerical increase and...

Ten key skills required in an age of digital transformation

As a growing number of organisations integrate digital technologies into all aspects of their business, digital transformation has come to be regarded as the...

Latest

Argentinian company allows employees to set each other’s salaries

At 10Pines, an Argentinian tech firm, salaries are decided thrice a year at the ‘rates meeting’ by the employees themselves! This unique meeting is...

Droom promises to offers 5 times more insurance cover to staff

Droom, the Indian AI-driven online automobile marketplace, has gone the extra mile to help its employees during these trying times. It has converted its...

Gig workers may be better protected in the US now

The rule that would have facilitated classifying gig workers as independent contractors rather than employees may soon be on its way out, if the...

Stressed out docs, medical workers across India seek better treatment, pay

Even amidst the second wave of the pandemic, frontline workers, especially those associated with the medical field and the medical fraternity seem to be...

DIALOGUE

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...
video

“Archaic HR processes force millennials to switch jobs often,” Niti Khosla, lead people analytics...

Friendly and jolly Niti Khosla, lead-people analytics and business impact, Novartis International, is a true HR leader with the ability to understand people and...