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Germanys Henkel is slashing , jobs in response to rising costs and low demand for its sha...
The owners of these units have faced a heavy financial crunch so they had to close the units shut sh...
The U.S. financial services company Robinhood Markets Inc. declared that it would be laying off abou...
Unilever PLC plans to slash thousands of management positions across its operations, a source familiar with the matter said on Monday. The job cuts will be in the “low thousands“, the person said. The development comes on the heels of reports that activist investor Nelson Peltz’s hedge fund, Trian Partners, is building an unspecified stake […]
Volkswagen has no plans to cut 30,000 jobs, CEO Herbert Diess told staff in an internal video message, hoping to fix his damaged relationship with the carmaker’s works council that deteriorated further in recent weeks. Diess said he was in talks with labour representatives on how the company’s Wolfsburg site, which the 63-year-old says lags […]
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping USD 100 billion mostly in salaries annually, says a report. The domestic […]
Volkswagen to cut up to 5,000 jobs via early retirement Carmaker Volkswagen plans to cut up to 4,000 jobs at its plants in Germany by offering early or partial retirement to older employees in a move that could cost several hundred million euros, company sources said on Sunday. Volkwagen said in a statement it had […]
Tatas-owned JLR takes to job cuts in India to achieve agility Tatas-owned Jaguar Land Rover (JLR) is reducing its workforce in India in a bid to cut costs along with becoming an agile organization. In a statement, JLR said that its future strategy not only includes plans for our brands and vehicles, but also how […]
Tech Mahindra to cut BPO staff by 5,000 in FY21 due to automation Despite rising revenues, IT major Tech Mahindra is set to reduce its business process services (BPS) headcount by 5,000 to 38,000 in FY 2020-21, as a larger part of the tasks get completed through automation and artificial intelligence. Company executives said there is a […]
Siemens Energy to shed 7,800 jobs worldwide Energy technology company Siemens Energy said Tuesday that it plans to shed 7,800 jobs worldwide by 2025 as part of a drive to cut costs. The company, which was spun off last year by German industrial conglomerate Siemens AG, currently has more than 90,000 employees around the world. It […]
TikTok owner ByteDance to cut down its 2,000-plus India team China’s ByteDance is cutting the size of its 2,000-plus India team and is unsure when it will make a comeback, the company told employees in an internal memo on Wednesday, months after its popular TikTok video app was banned. The move came after India this […]
GE plans of more job cuts in aviation business Reuters | General Electric Co on Tuesday warned of more job cuts at its aviation unit, citing a lengthy recovery for the airline industry from the impact of the coronavirus crisis. The job cuts are the latest setback for the aviation sector, with the industry’s woes […]
Danone to cut upto 2,000 jobs globally to revive profitability Danone will cut as many as 2,000 jobs, including one in four positions at its global headquarters, as the world’s largest yogurt maker attempts to revive profitability after getting hit by the coronavirus pandemic harder than other rivals. The company said Monday it’s considering moving […]
Thyssenkrupp to cut another 5,000 jobs to stave off coronavirus hit Reuters | German conglomerate Thyssenkrupp plans to cut another 5,000 jobs to stem losses across its sprawling empire, it said on Thursday, after reporting its operations were 1.6 billion euro ($1.9 billion) in the red in the latest financial year. Despite closing the sale […]
Capgemini to start hiring qualified women from rural areas Learnings from the coronavirus pandemic have led French IT major Capgemini to start hiring qualified women from rural areas, who are unable to pursue career because of an inability to relocate, as software engineers, a senior official said on Wednesday The company is targeting to hire […]
