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Job Cuts News
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.
9% of work activity to be lost to automation by 2030 in India
Mon, Dec 04, 2017
The machines are taking overs! And this time it may cause loss of work productive hours and jobs in India.
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.
Hindustan Coca-Cola may layoff 250 jobs in India
Tue, Nov 28, 2017
Bottling giant, HCCB, may be gearing up to cut a number of jobs alongside focusing on stronger sales in the coming years.
Reliance Jio effect? Consolidation in telecom sector result in over 75,000 job cuts in a year
Wed, Nov 15, 2017
Steep job cuts in the telecom sector were witnessed as the highly competitive sector consolidates into a five-player market.
Microsoft to cut up to 4,000 jobs
Fri, Jul 07, 2017
Technology giant Microsoft is undertaking a major reorganisation in its sales and marketing units that will likely see the company cutting about 4,000 jobs from its workforce, mostly outside the US.
RBS to cut 443 jobs in UK, move many of them to India
Mon, Jun 26, 2017
British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.
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.
Job Cuts: Prepare for the worst with an Emergency Fund
Mon, May 22, 2017
These are difficult times for employees, especially in India's information technology (IT) sector with pink slips flying around like birds during Spring.
Cathay Pacific sacks 600 staff in major shakeup
Mon, May 22, 2017
Hong Kong's flagship airline Cathay Pacific said today it would cut 600 staff as part of a major overhaul to slash costs and repair its bottom line.
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.
'IT to layoff up to 2 lakh engineers annually for next three years'
Sun, May 14, 2017
According to recruitment consultancies, the Indian IT sector is likely to witness layoffs between 1.75 lakh and 2 lakh annually for next three years due to under-preparedness in adapting to newer technologies.
Hindustan Unilever job cuts may go up to 15%
Fri, Apr 07, 2017
Indian consumer goods company, Hindustan Unilever may have job cuts and lay offs by the end of April amounting to 10-15%, a report by
Amazon plans to cut 263 jobs at parenting products subsidiary Quidsi after losses
Thu, Mar 30, 2017
The US-based e-commerce company Amazon.com has planned to cut 263 jobs at its money-losing parenting products unit Quidsi this summer as part of a business restructuring.
Morgan Stanley lays off bankers, cuts bonuses by about 15%: Sources
Fri, Jan 13, 2017
Morgan Stanley laid off a number of senior investment bankers last week and cut bonuses by roughly 15% because of a decline in revenue from dealmaking and capital raising across Wall Street, people with knowledge of the matter told Reuters.
Slumping Macy's to cut up to 10,100 jobs in US
Thu, Jan 05, 2017
Macy`s unveiled plans Wednesday to cut as many as 10,100 jobs as the iconic US retailer closes stores and downsizes following another disappointing holiday sales season.
UBS slashing nearly two dozen jobs in Asia to cut costs
Fri, Dec 16, 2016
UBS Group AG is cutting nearly two dozen jobs in its Asian investment banking business, mainly in Hong Kong and Singapore, as part of a push to slash costs, people with direct knowledge of the matter said.
Twitter says chief operating officer Adam Bain to step down
Thu, Nov 10, 2016
Just weeks after reporting job cuts and a disappointing fiscal quarter, Twitter announced on Wednesday that chief operating officer Adam Bain is leaving the company.
Thomson Reuters likely to cut 2,000 jobs as profits slip
Wed, Nov 02, 2016
Thomson Reuters announced a new "streamlining" plan on Tuesday to cut an estimated 2,000 jobs at the financial information group as it reported flat revenues and a drop in profits.
Volkswagen expects 5-digit number of job cuts in coming years: Report
Sun, Oct 30, 2016
Volkswagen (VW) expects the shift to electric cars to cost a five-digit number of jobs in coming years, the Frankfurter Allgemeine Zeitung newspaper reported, citing the carmaker's human resources chief.