Job Cuts
Swiggy layoffs 2023: Food delivery company likely to sack 600 employees
Fri, Jan 20, 2023
Swiggy layoffs 2023: Online food delivery platform Swiggy is likely to lay off up to 10 per cent of its employees, or about 600 workers, after an extensive performance review that was concluded late last year, amid global uncertainties and recession fears.
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Indian firms must create own models to avoid massive layoffs: Zoho's Sridhar Vembu
Tue, Nov 15, 2022
According to Sridhar Vembu who is CEO and Co-founder of Zoho Corporation, told IANS that Silicon Valley has always faced big booms and huge busts in the past and this is the first time it has hit employees in India to such a large extent.
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Pay hikes may get fatter next year after trimming of jobs in 2017
Sun, Dec 10, 2017
India Inc is promising better pay hikes of 10-15 per cent for the right talent in 2018 after a challenging year for the job market, stunned by post- demonetisation layoffs in traditional sectors like textiles and due to the advent of artificial intelligence in new-age ones.
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Coca-Cola to restructure its business, aims $2.5 billion turnover in next 3 years
Wed, Nov 29, 2017
The company will also be setting up a premium division to meet customer requirements around niche and premium beverages such as smart-water, frozen fruit desserts, mixers and tonic water, and amalgamating its existing alternate beverages division to the mainstream distribution system.
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China's LeEco to slash US jobs amid global pull-back
Tue, May 23, 2017
China`s embattled LeEco aims to cut its US workforce to as few as 60 people from around 500 earlier this year, as the Netflix-to-Tesla-like group streamlines global operations to shake off a cash crunch, a person with knowledge of the plan said.
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Cisco Systems to further lay off 1,100 employees
Thu, May 18, 2017
The technology company had earlier announced the restructuring plan in August 2016 to reinvest in "key priority areas" and part of it was to lay off up to 5,500 employees, or 7 per cent its workforce, Xinhua reported on Thursday.
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