Job Cuts News
Raymond is planning to slash 10,000 jobs at its various manufacturing units in the next three years, and induct robots and use technology
The billion dollar Dell EMC acquisition at $60 billion plus would establish Dell's presence in the storage and cloud space but it comes at a price.
The top four national banks reported negative to flat net profit growth for the first half of this year
Krishnamurthy's elevation is also seen as a move to reduce Binny Bansal's role at Flipkart's core operations in order to revamp operations at the etailer
Jobless growth is a reality staring India in the face. The government and industry must work together to solve this crisis
The company said savings from up to 5,500 job cuts would be reinvested into key growth areas as the gear maker now shifts its focus from its legacy hardware towards higher-margin software business
California-based Cisco is expected to announce the cuts within the next few weeks
RBS announced last week that it will not pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G), for which Infosys was a key technology partner.
The development comes as Flipkart is facing falling valuation after T Rowe Price shed the value of its holding in the company for the second time this month
Foxconn, the biggest supplier for Apple, Samsung and other smartphone makers has started replacing its employees with robots
Microsoft Corp said on Wednesday it will trim down its smartphone business by cutting 1,850 jobs, most of them in Finland, and write down $950 million from the operation.
Telecom network equipment maker Nokia is likely to cut 10,000 to 15,000 jobs globally as part of a cost-cutting program following its acquisition of Franco-American rival Alcatel-Lucent, a Finnish union representative said.
The reduction in branches is due to customers' adoption of digital solutions
The tech industry, as a whole, seems to be doing just fine. There is no major upheaval there. But the past year saw very big names step up on the chopping block and take huge job cuts
Intel Corp is planning to cut thousands of jobs this spring, including reducing headcount in some business units by double-digit percentages, news website Oregonlive said, citing sources inside the company familiar with the plan.
BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business.
Investment banking firm cited sharp drop in oil prices, "asynchronous" policies by top central banks, lower liquidity, a strong Swiss franc and "uncertainties on Chinese growth
Yahoo Inc said it would consider "strategic alternatives" for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off.
Plan involves shedding 750 jobs at its Port Talbot-based strip products business, 200 jobs in support functions and 100 jobs at steel mills in Trostre, Corby and Hartlepool