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Disney to lay off , Theme Park employees in U.S. Walt Disney Co. plans to lay off , theme ...
Shell plans to cut up to , jobs in transition plan Reuters Royal Dutch Shellnbspannounced on...
Dell Technologies confirms layoff globally, to cut costs Dell Technologies Inc. on Monday notified e...
VW truck maker MAN plans to cut up to 9,500 jobs worldwide Berlin: Truck and bus maker MAN, a subsidiary of Volkswagen, said Friday that it plans to shed up to 9,500 jobs worldwide as part of a cost-cutting drive. MAN said the planned package of measures is intended to improve the company’s operating result by about […]
Boeing offers second volunteer layoff package with pay and benefits to employees Boeing Co confirmed on Monday, 17 August that it would offer employees a voluntary layoff package with pay and benefits for the second time this year, as the company battles a coronavirus-induced slowdown in global air travel. Earlier in May this year, Boeing had announced to layoff close to 7,000 employees as coronavirus […]
VMware, Inc. a software company to layoff 200 employees in India VMware, Inc., an American publicly traded software company has let go of nearly 200 employees in India as part of its latest workforce rebalancing plan to align its employees to its strategic objectives. According to TOI report, earlier in this year, VMware asked 200 of […]
Truck maker Scania confirms plan to cut 5,000 jobs globally due to the financial impression of the novel coronavirus Truck maker Scania, part of Volkswagen’s Traton group, said Friday it could cut 5,000 jobs globally due to the financial impression of the novel coronavirus, confirming a plan first introduced in June. The cut represents 10 per cent […]
Cognizant losses 10,500 employees during the April-June quarter, as part of its strategy to reduce costs and fund investments for growth Amid COVID-19 crisis, IT major Cognizant has recently announced its results for the April-June quarter, and they revealed that the company’s headcount had reduced by 10,500 people in the quarter. While in the previous quarter […]
Swiggy is laying off 350 more employees as part of ‘final realignment exercise’ Swiggy lays off 350 more employees, two months after it shed 1,100 jobs across levels nationally to mitigate the coronavirus lockdown impact. Swiggy said in a statement, “In May, we began the exercise of realigning resources to create capacity in higher potential […]
Huawei cuts India revenue target, laying off upto 70% staff– ET Report Chinese telecom company Huawei Technologies Co has cut its India revenue target for 2020 by up to 50% and is laying off more than half of its staff in the country, the Economic Times reported on Monday, amid calls to boycott Chinese goods. […]
IT services company, Wipro has introduced an “extended bench period” where the identified employees are asked to carry on for an extended bench period without pay for the next 3 months. These employees will receive insurance coverage, but nothing else. According to a TOI report, Wipro’s latest change seems to be directed at those who are […]
Schindler reports lower revenue and profit for H1 2020; announces cost optimization program On Friday, 24 July, Swiss elevator and escalator maker Schindler announced 2,000 job cuts over two years after first-half profit fell more than a quarter, as the COVID-19 pandemic slammed the brakes on projects and recovery remains years away. Revenue –8.7%, order […]
COVID-19 Impact: Microsoft-owned LinkedIn cuts 960 jobs as pandemic puts the brakes on corporate hiring Professional networking site LinkedIn on Tuesday said that it would cut about 960 jobs, or 6 percent of its global workforce, as COVID-19 pandemic is having a sustained impact on demand for its recruitment products. California-based LinkedIn helps employers assess […]
IndiGo, India’s private airlines, has announced today to lay off 10% of its workforce due to COVID-19 pandemic, CEO Ronojoy Dutta said. “From where things stand currently, it is impossible for our company to fly through this economic storm without making some sacrifices, in order to sustain our business operations,” Dutta said in a statement. […]
Microsoft cuts jobs across geographies and teams as it enters new fiscal year According to media reports, Microsoft has trimmed its workforce across geographies and teams as it entered a new fiscal year from July 1. Business Insider had earlier reported that the company cuts under 1,000 jobs across its business this week. A company […]