Job Cuts News
No plan to cut jobs, letters sent to zonal offices for 'routine' performance review, says Ministry of Railways
The 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
Deutsche Bank layoff scare looms over employees involved in India operations, trimming of staff strength likely
Deutsche 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.
French Finance Minister Bruno Le Maire pledges to fight for plant where General Electric plans 1,044 job cuts
French 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
Tata Motors sees JLR back in profit this year on cost cuts, recovery in Chinese demand; says no plans to sell British auto arm
Britain-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.
China, 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.
Around 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.
Workers 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
The 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
RBS is in the midst of a major restructuring aimed at returning the bank to profit after almost a decade of straight years of losses
Monitor your budget; cut your expenses, especially on the entertainment front; sit tight and don't worry; it will pass
Lack of jobs, investment, bank NPAs are not testimonies to the govt's failure; they mean growth is still on a slightly shaky ground
Pink slips are being handed to the employees with a demoralising advise that they hadn’t performed well. When it happens to be people in their 30s and 40s, it’s far more devastating
The pain of job losses is visible in other sectors as well. This makes Narendra Modi's task of employment generation a lot tougher.
Remain open to technological advances, be ready to adapt in order to remain relevant in the IT sector
We checked out HDFC's humanoid robot Ira and spoke to experts on the impact of robotics and its transformational potential in our society.
As part of its previous announcement regarding offloading 2,850 employees by June 2017, Microsoft may soon cut 700 jobs during its earnings call on January 26, media reports said on Friday.
The huge retrenchment at the conglomerate, at a time when the government claims the country is the fastest growing, reveals the fault-lines in the economy
Volkswagen and its powerful labor unions agreed to cut 30,000 jobs at the core VW brand in exchange for avoiding forced redundancies in Germany until 2025, a compromise which leaves the carmaker's profitability still lagging rivals.
Just weeks after reporting job cuts and a disappointing fiscal quarter, Twitter announced Wednesday that chief operating officer Adam Bain is leaving the company.
As Chinese manufacturers show an increasing interest in setting up assembly lines in India, the economic competition between the two countries is likely to enter a new stage as India and China vie to expand their industry chains.