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Latest Articles in jobs cut

VW To Cut Up To 4,000 Jobs Via Early Retirement, Sources Say

Handelsblatt newspaper, which earlier reported on the plan, had said the company would cut up to 5,000 jobs.

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Jabs Equal Jobs? Fed Sees Possible Economic Boom If Vaccine Gets On Track

After a catastrophic spell when economic conditions were so confounded by the coronavirus that the Fed stopped making projections altogether, U.S. central bankers now like what they see.

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Coca-Cola Laying Off 2,200 Workers As It Pares Brands

The downturn forced the company to accelerate a restructuring that was already underway.

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IndiGo Lays-Off 10% workforce

Country's largest low-cost carrier, IndiGo, has decided to lay off 10 per cent, or nearly 3,000 of its workforce due to the tough economic crisis caused due to corona virus pandemic.

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Microsoft Trims Jobs As It Enters New Fiscal Year

The company cut roles at its online news portal MSN.com, as it shifted to an AI-powered algorithmic feed

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HSBC Revives 35,000 Job Cut Plan After Pandemic Pause

HSBC had postponed the job cuts, part of a wider restructuring to cut $4.5 billion in costs, in March saying the extraordinary circumstances meant it would be wrong to push staff out.

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That Old Fable Of Ants And Grasshoppers

"Vade ad formicam …" - "Go to the ant, you sluggard; consider its ways and be wise!"

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India's 2018-19 Jobless Rate Declines To 5.8%, Says Government Report

India's unemployment rate in May rose to 23.48%, marginally lower than 23.52% in April, according to data released by the Centre for Monitoring Indian Economy

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Atlas Cycles Shuts Down Operations; Lays Off Workforce

Hence, the workforce of the Unit will be laid off with effect from June 3, 2020, till adequate arrangement of funds is made,” the company said in an official letter.

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SoftBank-backed Ola To Cut About 35% Workforce Amid COVID-19 Crisis

Ola will cut 1,400 jobs of its workforce, as it tries to navigate the coronavirus crisis, its chief executive officer said in a note to employees.

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Uber To Focus On Core Rides, Delivery Business As It Cuts 23% Of Workforce

Uber will cut a total of 6,700 jobs, including the 3,700 it had announced earlier this month

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India's Zomato To Lay Off Over 500 Employees Due To COVID-19 Crisis

There would be temporary pay cuts for all employees, with up to 50% cuts for those earning more

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Hyatt To Lay Off 1,300 Employees As Pandemic Cripples Travel

The hotel industry is estimating a loss of $1.4 billion in revenue every week on account of the outbreak and a 30% drop in hotel occupancy over a year

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Increased Risk To Jobs As European Airline Revenues Collapse: IATA

The increasing risk to jobs and GDP is due to a greater impact than previously expected from the air travel restrictions introduced as a result of the COVID-19 pandemic.

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Over 20 Lakh Jobs In Aviation, Allied Sectors At Risk: IATA

Against the backdrop of the current situation that has also resulted in substantial economic disruptions

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