Tag: Restructuring
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...
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...
Employees in Kerala allege Byju’s made them resign forcefully
On 25 October, 2022, a group of employees from the Thiruvananthapuram branch of Byju’s in Kerala met V Sivankutty, labour minister of Kerala with...
Oracle starts laying off employees in the US
Oracle Corp. has reportedly begun the process of laying off employees in the US, as a part of a cost cutting and restructuring exercise....
Thai Airlines to cut down staff and sell aircraft
Thai Airlines, which has been struggling to make ends meet for a very long time now, has decided to sell 62 airplanes and cut...
ByteDance lays off people as part of restructuring
Chinese multinational internet technology company, ByteDance, is going through a major restructuring process. As part of the exercise, it is laying off people in...
Ford Motors restructuring in India, more than 40,000 jobs at stake
Ford India has announced the shut-down of its two factories in India, in Chennai (Tamil Nadu) and Sanand (Gujarat). With this decision, the livelihoods...
Radio Mirchi restructures team to align with digital ambitions
Radio Mirchi is now just Mirchi. The rebranding has been done in a bid to make the market understand the organisation’s changed business strategy....
Nokia to cut 1,500 jobs in India, as part of cost-cutting,...
Last week, Nokia, the Finnish telecom equipment manufacturer, had revealed plans to downsize its workforce by about 10,000 over a period of two years....
Nokia to slash 10,000 jobs
Nokia, the Finnish telecom equipment manufacturer, is all set to get rid of per cent of its workforce. That means, about 10,000 employees will...
2,000 to be laid off at Jaguar Land Rover
Jaguar Land Rover is all set to shrink its global workforce by about 2,000 as part of a cost-cutting exercise. Employees have already been...
Wistron’s plant to resume operations under probation, hire 15,000
Wistron’s plant at Kolar, Karnataka, is all set to resume operations and hire about 15,000 workers for the purpose. The Company, which makes the...
Garbing layoffs as restructuring: it matters to those axed
Julie Sweet, CEO, Accenture, revealed mid-August that it plans to lay off five per cent of its global workforce, affecting around 10,000 in India....
The trend of garbing layoffs as restructuring
There has been a trend for companies, be it small organisations or big, to lay off people in the name of restructuring. While companies...
Harley-Davidson to slash 500 jobs as part of five-year recovery plan
With sales plunging in the US, Harley-Davidson is planning to slash 500 jobs this year. These layoffs are part of a restructuring strategy being...
Salary restructuring at Yes bank amidst Covid menace
On May 31, Yes Bank announced the restructuring of salaries for its senior leadership team, and also mandated that nearly a third of their...
450 BBC newsroom employees to be laid off
Close on the heels of Tony Hall, director general, British Broadcasting Corporation (BBC), stepping down, the British public service broadcaster has decided to let...
HP India to slash 7000 – 9000 jobs globally in 3...
Multinational information technology company, Hewlett-Packard (HP), is expected to lay off 500 employees in India. The Company is gearing up to restructure globally and...
Over 15000 jobs to be cut at Deutsche Bank
Deutsche Bank, the German multinational investment bank and financial services company is planning a revamp estimated to cost $5.6 billion, which will see more...
Cathay Pacific set to cut overseas jobs as part of restructuring
The airline is attempting to slash HK$4 billion from its books to reverse two consecutive years of losses.
Tesla to layoff 9% workers
Employees to be affected by this layoff will be informed by end of this week. Tesla will provide significant salary and stock vesting to those affected.
Coca Cola’s corporate restructuring plan to create more jobs
HCCB intends to maintain a leaner corporate office, while strengthening the sales and supply chain.
Tata Motors to restructure its workforce, tone down hierarchies
From a 15–16 level hierarchy, the organisation is moving to a five-level one.
Mona Cherian is president & group head-HR, Thomas Cook
With over 30 years of professional experience, Cherian began her career as an associate professor at Sophia College.
Restructuring at Isuzu Motors India
Naohiro Yamaguchi has taken over from Takashi Kikuchi as the new managing director of Isuzu Motors India.
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
Bangladesh Government to review salary for garment workers
The Bangladesh government is preparing to evaluate the minimum monthly salary for garment workers. The Department of Labour, under the Ministry of Labour and...
Severance package costs $640 million for 18000 laid off amazon employees
Last month, Amazon laid off over 18,000 employees and, as a result, the company incurred a cost of $640 million in severance packages in...
Major pay cut for senior executives: Google
Google CEO Sundar Pichai has hinted at a major pay cut for senior executives following the recent termination of 12,000 employees. During a town...
Has Apple violated US Labour Laws?
A US labour agency’s investigations have revealed that the workplace policies at Apple do not encourage employees to discuss their working conditions.
The National Labour...
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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?
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“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...
