Tag: profitability

Etsy to let go 11% of workforce

The holiday season rush is at its peak, and this is certainly not the right time for job cuts. However, Etsy, the American e-commerce...

Has Byju’s laid off 500- 1000 employees?

Byju’s, the edtech platform, has been trying to streamline operations, cut costs and improve profitability for some time now. As part of its attempts,...

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...

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...
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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...
Tata Steel employee vehicle ban

Tata Steel: Journey through excellence in talent acquisition 

Tata Steel, part of the Tata Group, is a multinational steel-making company headquartered in Mumbai, India. It is one of the world's leading steel...

Toshiba to let go 5000 in Japan

Toshiba is contemplating a significant downsizing of its workforce in Japan, eyeing a reduction of about 5,000 positions. The move is said to affect...

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Investing in women to accelerate progress—the only way forward

Despite so much talk about progress and equity, in 2024, women still face barriers in leadership roles. They make up nearly half of the...
TCS headcount

TCS to open delivery centre in Brazil, create 1600 jobs

Tata Consultancy Services (TCS) is gearing to establish a new delivery centre in Brazil’s Londrina. The area is already familiar with the presence of...

Tata Steel workers in the UK vote in favour of strike

Members of Unite, the workers' union in Britain, have voted in favour of calling a strike against the closure of blast furnaces by Tata...

Santosh Rai appointed head-HR, L&T, Precision Engineering and Systems

Santosh Rai is now head-human resources, Larsen & Toubro Precision Engineering and Systems IC. He will be based out of Mumbai, Maharashtra. Till now he...

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....
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