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Latest Articles in job cuts
SoftBank-Backed Ola To Cut About 35% Workforce Amid COVID-19 Crisis
SoftBank-backed WeWork, restaurant aggregator Zomato and food delivery service Swiggy, that have laid off employees to cut costs as the pandemic wreaks havoc on businesses and forces people to stay indoors.
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Uber To Focus On Core Rides, Delivery Business As It Cuts 23% Of Workforce
Uber employed 28,600 people before the pandemic crippled its business, according to a regulatory filing at the end of the first quarter.
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Tata Steel Dutch Workers Groups Blast Plans For Job Cuts
The company's works council said that Theo Henrar has been dismissed in what they described as "incomprehensible and ill-considered" decisions made in the interests of Tata Steel UK at the expense of the Dutch arm.
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Swiggy To Lay Off 1,100 Employees As COVID-19 Hits Online Food Orders
India's best known startups, is among many that are laying off employees and reshaping their business in response to the COVID-19 pandemic, which has forced 1.3 billion Indians indoors and crippled business.
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Airbnb Cuts 1,900 Jobs As Coronavirus Hits Home Rentals
The laid off employees in the United States will get 14 weeks of base pay plus one additional week for every year at Airbnb
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Qatar Airways Planning Substantial Job Cuts
A Qatar Airways spokesman had no immediate comment when contacted by Reuters outside of normal business hours
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HSBC To Cut Up To 10,000 Jobs In Drive To Slash Costs: Report
The plan represents the lender’s most ambitious attempt in years to cut costs, the newspaper said, citing two people briefed on the matter.
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Airbus To Meet Staff Members As Possible Job Cuts Loom
Senior management representatives of Airbus will meet with the European Works Council on 7 March 2018 to explain previously announced rate reductions on the A380 and A400M programmes and to discuss associated implications for the workforce
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Over 8000 Employees To Lose Job Immediately As McDonald's Shut 169 Outlets
There is an impact for thousands of employees. There seems no direct and immediate resolution in sight. Something as direct as this impacts the brand trust on the brand directly and significantly. And since the principal driver of the brand choice in case of McDonald's is the child, if this habit gets broken, it is a difficult turf to get back
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Volkswagen To Cut 30,000 Jobs At VW Brand By 2021
Europe's largest automaker is trying to increase savings at its biggest unit in Germany, where its costs are high, while needing to find billions of euros to pay for the cleanup related to its diesel emissions cheating scandal
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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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Cisco Systems To Lay Off About 14,000 Employees, Says Report
The company is expected to announce the cuts within the next few weeks, the CRN report said, as the company transition from its hardware roots into a software-centric organization
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HSBC To Shake Up Global Banking Business To Cut Costs
The reorganisation is part of HSBC's plans announced last June to slash nearly one in five jobs and shrink its investment bank by a third as it seeks to boost profits
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Layoffs: Industries that are proving to be risky place for jobs
The year 2015 wasn’t as glorious as many thought it would be and the global financial crisis which began during its second half, seems to further threaten the world as we entered 2016. Multiple industries are seeing the domino effect due to the market downfall and sinking oil prices.
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Nokia Likely To Cut 10,000-15,000 Jobs Worldwide
Telecom network equipment maker Nokia is likely to cut 10,000 to 15,000 jobs globally as part of a cost-cutting programme following its acquisition of Franco-American rival Alcatel-Lucent
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