Tag: profitability

Google CEO does not deny possibility of layoffs

Amidst the layoff season in the technology sector, Googlers are now feeling restless as uncertainty about their future mounts. In September, in an endeavour...

Mass layoff at Salesforce; focus on profitability, cost cutting

While an exact number is yet to be revealed by Salesforce, it is clear that hundreds have been rendered jobless at the enterprise software...

Udaan heading for second round of layoff

Udaan, the Indian B2B e-commerce platform in India is reportedly set to lay off employees in the second round of layoffs this year, in...

Seagate to lay off 3,000 as part of restructuring

With revenues dipping 35 per cent in quarter one of financial year 2023 and demand for falling too, Seagate Technology has decided to undergo...

Philips to let go 4,000 employees

Philips is planning to cut five per cent of its workforce, globally. That means, about 4,000 employees will be asked to leave. The tech...

Unacademy resorts to cost-cutting measures before IPO

Unacademy, the edtech unicorn, is taking measures to cut costs and focus on profitability. As part of the exercise, its founders and senior management...

Virgin Atlantic may lay off over 3,000 employees

No airline has escaped the effect of the pandemic, given that most airports are sealed and flights have been grounded for months now. British...

Providing medical benefits amidst rising costs a huge pressure for SMEs...

According to a recent survey of 230 companies in the US, released by Enterprise Bank & Trust, most small and medium-sized companies worry about...

How layoffs can backfire

Layoffs are not really a strategy, but an option resorted to when a company is not doing well or in other words, when an...

Google employees  protest against mass layoffs

Google, the tech giant, recently fired approximately 12,000 employees in January, which resulted in protests from workers in both the US coasts. The workers...

Latest

Employees posted to difficult regions are entitled to additional HRA: Manipur HC

The Manipur High Court recently stated that a central government employee is eligible for extra HRA if they keep their family at their previous...

Why global trends such as rage applying don’t take India by storm

Rage applying, the latest corporate trend, has taken Gen Z workers by storm. Similar to quiet quitting, rage applying started off as a TikTok...

Raj Raghavan joins CoreStack as CHRO

A seasoned HR professional, who has led HR for companies such as Indigo, Amazon and GE, Raj Raghavan has now joined CoreStack, the next-gen...

Mass Layoffs: The blame game between HR & business heads

The recent mass layoffs across industries that have taken the labour market by storm are a cause of concern. Not only have they added...

DIALOGUE

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....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...