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Edtech unicorn Unacademy, which recently launched an experience centre- Unacademy Store, has laid of...
Furlenco, the furniture rental startup has reportedly laid off between - employees involved in...
PampO Ferries, UKs leading ferry company, has fired its employees with immediate effect. This...
Vishal Garg, the Indian-origin CEO of US-based homeownership firm Better.com, who recently laid off 900 employees over a Zoom call and triggered widespread outrage, is taking time off from the company as it looks to build a “positive culture”, according to media reports. Garg’s leave is also effective immediately, according to a Friday email from […]
Dropbox to layoff 11% of workforce, COO to step down Dropbox Inc on Wednesday announced the exit of operations chief and said it will cut 11% of its global workforce, or 315 people, as the file hosting service provider shifts business resources in the wake of the COVID-19 pandemic. Shares fell nearly 6% to $22.26 after Dropbox […]
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 […]
Oyo lays off around 300 employees Hospitality firm Oyo has laid off around 300 employees mainly from renovation and operations departments, according to sources in know of the matter. This has been done in order to build a long-term sustainable business as the company has introduced some operational changes aligned with the current business realities, the sources […]
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 […]
Cognizant 2020 Fit For Growth plan: 7,000 mid, senior-level employees laid off In October 2019, the Teaneck-based IT services firm Cognizant had announced the “2020 Fit for Growth” plan. As a part of the plan, it would lay off 12,000 mid to senior level employees, of which 5,000 will be reskilled and redeployed. The rest […]
Accenture is Offering 7 Months Salary as Severance Payout amid Corona Layoff Many companies have trimmed their headcounts by laying-off their employees in sectors during the corona pandemic period. Accenture too had laid-off their employees; however, this company is offering a 7-month severance package to its employees. Earlier in the month of August, according to […]
Dell Technologies confirms layoff globally, to cut costs Dell Technologies Inc. on Monday notified employees that it will eliminate jobs this week as the hardware giant seeks to cut costs while navigating a faltering global economy. During a quarterly all-hands meeting Monday, Dell’s Jeff Clarke told staff that the workforce reductions won’t be limited to any specific […]
At least 150 to 200K IT/ITeS employees are likely to lose their jobs over the next few quarters due to Covid-19 At least 150,000 to 200,000 IT/ITeS employees are likely to lose their jobs over the next few quarters due to Covid-19, Business Standard reports. The Indian IT and BPM sector employs around 4.4 million people, directly […]
Accenture layoffs target up to 25,000 low performers: Report Accenture is cutting as many as 25,000 jobs around the world as it seeks to pare down its nearly half-a-million strong workforce, according to a published report. The Australian Financial Review reported that a first round of cuts happened earlier this month and more are expected […]
Yamaha Motor India to layoff 200 employees as the company battles with low production at its plants Yamaha Motor India Group has planned to layoff about 200 employees across various divisions like production, procurement, sales, and marketing. According to the ETAuto report, Yamaha Motor is restructuring the production process at the Surajpur facility, Greater Noida […]
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 […]
