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According to the CNBC reports, Recently, Small-satellite launch provider Virgin Orbit was ceasing it...
Electric vehicle maker,nbspTesla former employees have been represented by a team of lawyers to se...
Amid CEO Elon Musks woke mind virus concerns, Electric vehicle company, Tesla h...
Elon Musk on Tuesday said that Tesla will reduce its salaried workforce by 10 per cent over the next three months. Addressing the Qatar Economic Forum organised by Bloomberg, the world’s richest man said that the electric car-maker will cut salaries by 10 per cent over the next three months, as the company navigates the global […]
The Bengaluru-based, healthtech startup, MFine has laid off 500 employees as the startup struggles to raise funds. According to media reports, the job cut accounts for about half the workforce. The company was hiring employees until last month and has about 1,000 employees. It laid-off employees across data science, engineering, and product departments. Employees were […]
The pre-owned e-commerce platform, CARS24 has announced that the company is laying off around 600 employees due to poor performance. CARS24 has a nearly 9,000-strong workforce. The six-year-old used-car marketplace has let go of about six percent of its team. The termination not owing to any “cost cuts“. The company calls it “business as usual.” The company […]
Nokia to cut up to 10,000 jobs in two years Finnish telecoms equipment maker Nokia announced on Tuesday it will slash up to 11 percent of its workforce within two years, as part of a 600-million-euro ($715-million) cost-cutting programme. Announcing the wide-ranging restructuring led by new chief executive Pekka Lundmark, Nokia said that market developments in the next […]
Cisco, Oracle, IBM Workers ‘Anxious’ About Job Cuts Cisco, Oracle, and IBM topped a list of companies with employees that constantly feel anxious about losing their jobs, according to a recent survey conducted by Blind and released by job board Dice. The survey found that 62% of Cisco employees said that “yes, I am constantly anxious” about getting fired, which […]
Coca-Cola to cut 2,200 jobs globally According to ABC News, Coca-Cola is cutting approximately 2,200 jobs globally as part of a company reorganization plan. Some 1,200 of those job cuts will be in the U.S., and about 500 of them will be in the Atlanta area, where the company is headquartered, according to Scott Leith, […]
Mahindra to shut Pininfarina Engineering, employees to go on strike Automobile giant Mahindra Corp has decided to liquidate its Italian subsidiary Pininfarina Engineering in order to cover up for the losses faced during the pandemic and this has left the 135 employees of Pininfarina in a fix. Pininfarina Engineering offered a variety of work package […]
Amdocs to lay off hundreds of employees worldwide, including senior positions Israeli telecom systems IT solutions provider Amdocs Ltd is set to lay off hundreds of employees in Israel and around the world due to the impact of the coronavirus pandemic. According to a report published in Israeli-based website Calcalist, Amdocs’s quarterly earnings is around $1 […]
