Latest News on Job Cuts
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Job Cuts - Total results - 83
Aug 07, 2019
Job cuts: Slump in auto sector sales forces firms to shut down factories; around 3.50 lakh workers laid offThe auto sector, which contributes more than 7 percent of India’s GDP, is facing one of its worst downturns
Aug 05, 2019
Softening of demand in domestic market, protectionist measures abroad may impact value creation: Maruti SuzukiTerming the weak demand situation as unfortunate, Maruti Suzuki India Chairman R C Bhargava said the company needs to recognise that such downturns do happen from time to time all over the world.
Jul 30, 2019
No plan to cut jobs, letters sent to zonal offices for 'routine' performance review, says Ministry of RailwaysThe Railways on Tuesday clarified that the letters sent to zonal offices to identify employees above the age of 55 years and those who have completed 30 years in service were for a "routine" performance review
Jul 09, 2019
Deutsche Bank layoff scare looms over employees involved in India operations, trimming of staff strength likelyDeutsche Bank said on Sunday that it would not need to raise capital to initiate the cuts, which will result in it making a loss of 2.8 billion euros in the second quarter.
May 29, 2019
French Finance Minister Bruno Le Maire pledges to fight for plant where General Electric plans 1,044 job cutsFrench Finance Minister Bruno Le Maire said on Tuesday he would fight to save jobs at a General Electric Co (GE) factory in eastern France where more than 1,000 posts are threatened
May 21, 2019
Tata Motors sees JLR back in profit this year on cost cuts, recovery in Chinese demand; says no plans to sell British auto armBritain-based JLR has been at the centre of media speculation in recent months, with reports Tata might look to sell a stake and also that the unit was set to announce a major investment in Britain.
Apr 09, 2019
Gold prices rise to more than one-week high as dollar loses ground after weak US economic dataChina, the world’s biggest gold consumer, raised its gold reserves by 0.6 percent to 60.62 million ounces by end-March, central bank data showed.
Dec 14, 2018
Job cuts: Standard Chartered Bank cuts India headcount as digital alternatives gain steamAround 85% of Standard Chartered Bank's payment transactions, over 80% of the overall banking transactions by the 24-35 age group and 83% of the application onboarding is presently being done digitally.
Apr 21, 2018
Qualcomm has cut 1,500 jobs in its California facilities in order to save costsWorkers were told of the layoffs on Wednesday. A company spokesperson was quoted as saying that this move, a reduction of full-time and temporary workforce, is a part of the cost reduction plan announced in January
Apr 03, 2018
'Small number' of people impacted in India by global reorganisation: AmazonThe comments come amid reports that the Amazon has laid off 60 people in India as part of a global restructuring, and that more employees could be handed the pink slip in the coming days