Tag: layoffs
Gucci moves 153 workers from Rome to Milan; triggers worker strike
Gucci, the famous Italian fashion brand, is facing a worker strike because of a decision that employees believe is like a group firing. The...
Tata Steel may axe 500 full-time, 300 temp jobs in IJmuiden
Tata Steel has revealed its decision to eliminate approximately 800 positions at its struggling facility in IJmuiden, near Amsterdam. This decision is part of...
IG Group to cut 10% of workforce
IG Group, a British online trading platform, announced the layoff of 10 per cent of its workforce. The decision is said to be a...
Shell to cut 15% of jobs in low-carbon division
In a drive to boost the company's profitability, Shell, an oil and gas company, has decided to eliminate 15 percent of job roles in...
Second round of layoffs at Stack Overflow
In a second round of layoffs, there will be 28 per cent job cuts at Stack Overflow. The company had laid off 10 per...
Brave and DreamWorks lay off employees
Brave Software
In an effort to reduce operational cost, Brave Software has downsized its workforce by nine per cent. The move comes as the developer...
Citigroup undertakes major restructuring exercise
Citigroup is in the midst of its most significant reorganisation in decades, and management is currently assessing its workforce to determine who will be...
UBS Bank cuts jobs in Asia
Switzerland's UBS Group AG is reportedly implementing substantial workforce reductions in the Asia-Pacific region following its acquisition of competitor Credit Suisse. These job cuts...
Barclays slashes jobs amid economic struggles
Barclays, a British financial institution, is said to be in the process of considering a significant staff reduction, possibly set to take place next...
Nielsen trims global workforce by 9%
In a bid to secure financial stability, Nielsen has announced workforce reduction. The company will reduce headcount by 9 per cent, globally. The company...
Roku lays off 10% of workforce
In an attempt to reduce operational costs, the TV streaming platform, Roku has laid off 10 per cent of its workforce. The decision will...
240 to be laid off at Pegasystems in 2nd round of...
Pegasystems, a global software corporation, has announced its second round of job cuts in the current year, amounting to approximately four per cent of...
Malwarebytes lays off employees ahead of business split
Amid the company’s restructuring plans, followed by its business split, the US-based cybersecurity firm, Malwarebytes has laid off 100 employees. A year ago, the...
2,400 jobs to be cut at Farmers Insurance
Farmers Insurance is set to undergo a significant reduction in its workforce, with around 2,400 employees facing layoffs, as announced recently by the US-based...
Layoffs can do good
Recently, a former Meta employee shared her story of getting laid off at the big IT giant. She called it her ‘worst fear,’ detailing...
SenseTime cuts workforce cuts amidst fierce tech competition
SenseTime, a Chinese AI firm, has reportedly implemented workforce reductions across multiple divisions. Employees impacted by this decision have been given a week to...
5000 employees will be reduced at T-Mobile
T-Mobile has unveiled its plan to reduce its workforce by 7 per cent, which translates to 5,000 employees being laid off. This decision, made...
GM cuts 940 jobs in IT operations in Arizona
On 23 August 2023, General Motors announced its decision to eliminate 940 positions within its information technology sector. This workforce reduction will take place...
Byju’s trims 400 more jobs post performance reviews
Edtech platform, Byju's has reportedly let go of around 400 employees, following a performance review process, though the company's official statement says that only...
Is layoff news like a Damocles’ sword to tame existing employees?
The news of impending layoffs is undoubtedly a source of stress, anxiety and uncertainty for employees. The psychological impact is akin to the sharp...
Rapid7 implements layoffs as part of restructuring for cybersecurity success
Rapid7, a cybersecurity firm based in the US, has recently joined other companies undergoing workforce reductions. The company has officially announced its plans to...
Chan Zuckerberg Initiative implements workforce reduction
Chan Zuckerberg Initiative (CZI), a charitable organisation established by Mark Zuckerberg, CEO and founder, Meta, and his wife Priscilla Chan, has reportedly reduced headcount....
Hike reduces workforce due to increase in GST
In response to the hike in goods and services tax (GST) on online gaming, Kavin Bharti Mittal, CEO, Hike, and owner of Rush Gaming...
Dell Technologies to lay off sales employees
Dell Technologies, IT hardware manufacturer, is undergoing a substantial transition in its sales approach, resulting in layoffs within its sales teams. The company is...
Reorganisation in Discord leads to termination of 4% staff
In April 2023, Discord, an instant messaging and VoIP social platform, boasted an employee count of over 900, while its user base reached an...
Fresh round of layoffs at Salesforce; plans to cut more jobs...
According to a report from Bloomberg, Salesforce employees based in Ireland were recently informed of their dismissal. A spokesperson stated that these layoffs were...
How this energy company is championing employee inclusivity & engagement
In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...
Trident’s Asmita leaves blossom into inclusive workplaces
Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
Harness.io: Cultivating a talent powerhouse in the tech crucible
The tech scene, be it in India or San Francisco, is equally crucible, fiercely competitive and unforgiving. In both the landscapes, attracting and retaining...
Engagement is outdated: The future of success lies in ‘employee involvement’
In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
H-1B visa holders can fight visa-denial case if employers commit fraud
If Indian H-1B visa holders find that their visa is about to be revoked just because their employer has been found to have indulged...
Latest
H-1B visa holders can fight visa-denial case if employers commit fraud
If Indian H-1B visa holders find that their visa is about to be revoked just because their employer has been found to have indulged...
Bengaluru-based HealthPlix axes 100 jobs in major overhaul
In a strategic move aimed at restructuring its operations, Bengaluru-based healthtech Software as a Service (SaaS) startup, HealthPlix, has announced the termination of 100...
Now an AI tool to predict when new joinees/freshers will quit
Naruhiko Shiratori, professor, Tokyo City University along with a Japanese startup, are working on developing an artificial intelligence tool that will predict when a...
V2 Retail to hire 1500+ employees; eyes market growth
V2 Retail, an Indian retail company, has unveiled an ambitious roadmap for expansion, signalling its intent to recruit over 1500 professionals across various domains....
DIALOGUE
Data analytics and not technology will redefine HR
Q. How satisfying has been your professional journey of 39 years?
A. It has been a bagful of mixed experiences. At times I have been...
EQ, IQ & empathy define the success of a CEO
Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...
“The big change has been that we have moved from jobs to skills,” Amaresh...
Q. How would you define the culture at GE?
A. Having been present in this region since 1902, GE has been around for 120 years....
