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Job Cuts News
HP Inc layoffs 2023: PC, printer major announces to cut jobs in Israel
Mon, Feb 20, 2023
The company in November last year announced it will lay off nearly 4,000-6,000 employees by the end of 2025, which is between 7-11 per cent of its workforce.
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.
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.
Oracle layoff: Tech giant starts job cuts in United States as recession fears rise
Tue, Aug 02, 2022
The report also said layoffs in Canada, India and parts of Europe were expected in the coming weeks and months.
Full salary restored! Good news for employees for this company amid COVID-19
Wed, Aug 05, 2020
It's a good news for employees of OYO as hospitality firm has confirmed that it is restoring the full salaries of staffers in India and South Asia.
Massive layoffs! Up to 5,000 jobs to be cut at this Covid-19 hit airlines
Sun, Aug 02, 2020
The pandemic-stricken Dutch airlines, KLM has announced that it would cut 4,500 to 5,000 positions.
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.