After letting go 3,500 support staff in 2024 in a bid to save cots, Deutsche Bank is readying to axe…
Browsing: profitability
Adidas is reportedly preparing to trim its workforce in Germany by up to 500 employees. Competitor Puma, meanwhile, is considering…
It hasn’t even been a year since Nokia announced the restructuring of its India operations and now Nokia is again…
General Motors has reportedly started trimming its workforce in China. The auto manufacturing company is said to be looking at…
In a bid to make the company more profitable, Japanese television manufacturing firm, Toshiba has decided to let go of…
Simpl, the buy-now-pay-later startup, has initiated a significant round of layoffs. The recent layoffs have affected over 100 employees across…
The holiday season rush is at its peak, and this is certainly not the right time for job cuts. However,…
Byju’s, the edtech platform, has been trying to streamline operations, cut costs and improve profitability for some time now. As…
Amidst the layoff season in the technology sector, Googlers are now feeling restless as uncertainty about their future mounts. In…
While an exact number is yet to be revealed by Salesforce, it is clear that hundreds have been rendered jobless…
Udaan, the Indian B2B e-commerce platform in India is reportedly set to lay off employees in the second round of…
With revenues dipping 35 per cent in quarter one of financial year 2023 and demand for falling too, Seagate Technology…
Philips is planning to cut five per cent of its workforce, globally. That means, about 4,000 employees will be asked…
Unacademy, the edtech unicorn, is taking measures to cut costs and focus on profitability. As part of the exercise, its…
No airline has escaped the effect of the pandemic, given that most airports are sealed and flights have been grounded…
According to a recent survey of 230 companies in the US, released by Enterprise Bank & Trust, most small and…
Layoffs are not really a strategy, but an option resorted to when a company is not doing well or in…