Tag: redundancy

Has FIS asked 400 Pune employees to leave?

Fidelity National Information Services (FIS), Pune, the Indian arm of the American multinational fintech firm, is on a layoff spree, to deal with redundancy....

Will Amazon layoffs spill into 2023?

According to a note sent by Andy Jassy, CEO, Amazon, to the employees, it has been mentioned that Amazon will continue to reduce headcount...

Unacademy lays off 6,000 as part of cost cutting

Unacademy, the Indian edtech startup, has let go of about 600 employees from its almost 6,000-strong team — about 10 per cent of its...

AI, automation to take away 5,000 jobs at Tech Mahindra

Tech Mahindra, which is part of the Mahindra Group, is working towards reducing the workforce in its business process services (BPS) wing by 5,000...

Wells Fargo reorganising its centres in India, hundreds of job cuts...

A few hundred employees can expect to lose their jobs at Wells Fargo’s development centres in Hyderabad, Bengaluru and Chennai. The American banking and...

Job cuts at CNN, affected staff to be informed soon

A ‘gut punch’ is what Chris Licht, CEO, CNN rightly described the announcement of layoff plans as. Licht recently sent a memo to the...

Latest

Jayadeva EP takes additional charge as director- HR, HAL

Alok Verma, director - HR, Hindustan Aeronautics (HAL), has superannuated on 30 November, and therefore, ceased to be a director of the company board....

Hirect fires 40% workforce as part of strategic changes

As part of organisational restructuring and strategic changes in its business model, Hirect, a chat-based direct-hiring platform for startups, has laid off 40 per...

Why cement company Nuvoco is going for digitalisation

Nuvoco Vistas, which claims to be the fifth largest cement-manufacturing firm in India, has embarked on a journey aimed at making its 4000+ workforce...

One’s loss is another’s gain – The positive side of layoffs

The tech sector has been gripped by a flurry of layoffs. The mood is far from upbeat as bad times are being predicted. With...

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...