Tag: recession

Will Amazon lay off 17,000?

It is true that Amazon had plans to reduce the size of its workforce. However, the number of job cuts may be more than...

Job cuts at Goldman Sachs too?

In addition to the yearly weeding out of underperformers, this year Goldman Sachs is going to lay off hundreds of people as it braces...

HealthifyMe cuts 150 jobs amidst recession fears

HealthifyMe, an Indian startup, has laid off 150 of its staff at a time when the world is expecting recession fears. In its statement...

Quess Corp crosses 5 lac active associate mark; witnesses highest growth...

Quess Corp, the business service providing company and amongst the largest employers in the private sector in India, has crossed the 5,00,000+ active associate...

Amazon to lay off 10,000 amidst increasing losses

That recession is looming large is quite certain now as there are reports of Amazon planning to ask about 10,000 of its employees to...

Meta to cut costs, freeze hiring, restructure groups

Is Meta experiencing a crisis? That is the question uppermost in the minds of most people as the parent company of Facebook has announced...

Only 3.5% joblessness in the US, 5.28 lakh jobs added in...

While recession has not set in yet, it may not be too far away either feel some experts. At a time when economists were...

Amazon has laid off 1 lakh

With Amazon realising it has more employees than it requires — having hired more during the demand surge due to the pandemic, and to...

Layoffs begin at Tesla

It hasn’t been long since Elon Musk, CEO, Tesla had expressed concern over the state of the economy and that a 10 per cent...

Coinbase to cut 1100 jobs

Coinbase, the global trading platform for crypto currency, has announced that it will lay off 18 per cent of its workforce, that is, about...

Australia to spend A$11.3 billion on infrastructure to create jobs

The Government of Australia is planning to spend an additional A$7.5 billion (US$5.4 billion) on infrastructure projects, in an attempt to create more jobs...

Singapore experiencing worst recession, highest unemployment rate in over 10 years

Ever since the global financial crisis in 2009, the unemployment rate in Singapore has not been this high. The first quarter saw the rate...

Indian Gen Zs are keen on learning rather than stability at...

The employers of today are familiar with Gen Z— a generation born between 1996 and 2010. Though many of them are still aged around...

Intel implements pay cuts; CEO to take 25% cut

It hasn’t been long since Intel announced the layoff of about 340 people in California. And now, it is reportedly resorting to pay cuts....

Latest

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...

15,000 outsourced workers strike in Karnataka for job security & direct pay

Approximately 15,000 outsourced workers in Karnataka, mainly consisting of sanitation workers, will go on strike starting February 01.  The workers are demanding direct payment and...

Employee strikes in European countries

On January 25, 2023, at Berlin Brandenburg Airport (BER), all passenger flights were canceled as airport staff walked out because of a dispute over...

SC refuses to overturn NCLAT ruling, Jalan Fritsch consortium to pay Jet Airways employees 

The Supreme Court has declined to overturn the decision made by the National Company Law Appellate Tribunal (NCLAT). The tribunal had ordered the Jalan...

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...