Tag: Restructuring

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.

Why a coaching culture and not any other culture?

“Would you tell me, please, which way I ought to go from here?” “That depends a good deal on where you want to get 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...

Latest

India ranks 3rd in list of top 10 countries for solar PV jobs

According to the ninth edition of the International Renewable Energy Agency’s (IRENA) ‘Renewable energy and jobs’ annual review series, the top 10 countries that...
Gratuity to be paid on termination of employment only after 5 years of service

Central govt. hikes DA by 4%

The Ministry of Finance has announced the most awaited hike in the dearness allowance (DA) and dearness relief (DR) for Central government employees. On...

Metro Cash & Carry’s Payal Nambiar joins Spinny as head-HR

Spinny, a full-stack used car marketplace, which recently turned unicorn, has appointed Payal Nambiar as its new head-HR, to spearhead the HR function. Talking...

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...

DIALOGUE

“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...

“A CEO needs to acknowledge the silent majority who create the company’s fortunes” S...

Q. RPG is a diversified group with businesses spread across sectors and domains. however, its brands have a strong individual identity unlike other business...