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Latest Articles in Retrenchment

Domestic Opportunity Can Help IT Firms Tide Over Job Losses: Assocham

Amid concerns over job losses in $155 billion IT sector, industry lobby Assocham on Wednesday said this is the time for outsourcing companies "to look inward" and focus on the domestic opportunity to curtail layoffs

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Not Correct To Assume IT Industry Going For Big Job Cuts: Govt

The government on Tuesday said IT industry has assured it that there will be no large scale job losses in the technology sector which continues to demonstrate 8-9 per cent growth

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IT Industry Layoffs May Continue Up To 2 Years, Say Experts

As digitisation and automation become the new normal, IT biggies like Infosys, Cognizant and Tech Mahindra are seeing a spate of layoffs and this trend may continue for the next 1-2 years, say experts

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After Cognizant, Wipro, Now Infosys To Lay Off Employees

Infosys could hand out pink slips to hundreds of mid-and senior-level employees as it carries out bi-annual performance review amid a challenging business environment

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Wipro Gives Pink Slips To About 600 Employees Across India Post Performance Appraisal

Says it undertakes a 'rigorous performance appraisal process' on a regular basis to align its workforce with business objectives, strategic priorities of the company, and client requirements

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Snapdeal Founders Move To Calm Employees Amid Takeover Speculation

The founders of Snapdeal told employees in an email that the e-commerce company will ensure there is no disruption to staff "as the way forward becomes clear," as speculation of a takeover swirls

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Under Pressure, Snapdeal Woos Staff With Promises Of Profit

Like most e-commerce players in India, Snapdeal is burning cash to sustain discounts — and keep customers — in a cut-throat online market

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Snapdeal To Lay Off 600 People Over Next Few Days

SoftBank-backed Snapdeal will layoff around 600 people across its e-commerce, logistics and payments operations over the next few days.

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Unemployment In India To Increase Marginally In 2017-18: Report

Unemployment in India is projected to witness marginal increase between 2017 and 2018, signalling stagnation in job creation in the country, according to a UN labour report

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Standard Chartered To Cut 10% Of Corporate, Institutional Banking Staff

Standard Chartered is set to cut about a tenth of its global corporate and institutional banking headcount, sources with direct knowledge of the matter said on Monday, as the bank steps up an aggressive drive to cut costs

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L&T Gives Pink Slips To 14,000 Employees 'To Stay Agile'

Faced with economic challenges, engineering major Larsen & Toubro has laid off 14,000 employees across businesses during April-September period this year, saying it was necessary to stay "agile and competitive"

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HP To Cut Up To 4,000 Jobs Over Next Three Years

HP Inc said it expects to cut about 3,000 to 4,000 jobs over the next three years, as the maker of printers and personal computers continues to struggle with a subdued market, sending its shares down 1.3 per cent in extended trading

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Bank Of America To Cut Asia Investment Banking Jobs

Bank of America is set to cut about two dozen investment banking jobs in Asia, including some top dealmakers as a slowdown forces western banks to cut costs

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70,000 Jobs Lost In Q2 2015-16 On Dip In Exports: Report

Nearly 70,000 workers were retrenched during the second quarter of 2015-16 due to sharp fall in merchandise exports, a report says

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Despite Pink Slips In IT And Startup Firms, Job Prospects Not All That Bad: Experts

Reports of layoffs in startups and IT sector notwithstanding, HR experts believe these pink slips are due to a mix of non-performance and margin pressure and the overall outlook is not that bleak, with medium and high skilled jobs likely to see continued growth

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