Job Cuts

Job Cuts News

Raymond to cut 10,000 jobs in three years as robots to replace workers
Business

Raymond to cut 10,000 jobs in three years as robots to replace workers

Raymond is planning to slash 10,000 jobs at its various manufacturing units in the next three years, and induct robots and use technology

Dell Technologies Inc expected to cut around 2,000 jobs after acquiring EMC Corp
Biztech

Dell Technologies Inc expected to cut around 2,000 jobs after acquiring EMC Corp

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.

China's state-run banks cut 22,260 jobs as slowdown starts biting
World

China's state-run banks cut 22,260 jobs as slowdown starts biting

The top four national banks reported negative to flat net profit growth for the first half of this year

Flipkart: More top-level churn, job cuts likely, says report
Business

Flipkart: More top-level churn, job cuts likely, says report

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

Flipkart, Infosys, AskMe: Why recent spate of job cuts should worry us
Business

Flipkart, Infosys, AskMe: Why recent spate of job cuts should worry us

Jobless growth is a reality staring India in the face. The government and industry must work together to solve this crisis

As Cisco readies to axe 5,500 jobs, R&D centre in India may see cuts
Business

As Cisco readies to axe 5,500 jobs, R&D centre in India may see cuts

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

Cisco Systems to retrench 14,000 employees; co readies shift to software biz from hardware
Business

Cisco Systems to retrench 14,000 employees; co readies shift to software biz from hardware

California-based Cisco is expected to announce the cuts within the next few weeks

RBS deal loss: Infosys says won't cut 3,000 jobs, but will reallocate them in other projects
Business

RBS deal loss: Infosys says won't cut 3,000 jobs, but will reallocate them in other projects

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.

Flipkart confirms at least 700 lay-offs to cut costs, says it's a 'common practice'
Business

Flipkart confirms at least 700 lay-offs to cut costs, says it's a 'common practice'

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

Microsoft to cut 2,850 more jobs
News & Analysis

Microsoft to cut 2,850 more jobs

Microsoft said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce.

Robots replace close to 60,000 employees at Foxconn
News & Analysis

Robots replace close to 60,000 employees at Foxconn

Foxconn, the biggest supplier for Apple, Samsung and other smartphone makers has started replacing its employees with robots

Microsoft to trim smartphone business, plans to cut 1,850 jobs
News & Analysis

Microsoft to trim smartphone business, plans to cut 1,850 jobs

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.

Nokia could cut 10,000-15,000 jobs worldwide: union
News & Analysis

Nokia could cut 10,000-15,000 jobs worldwide: union

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.

HSBC to halve branches in India as customers go digital
Business

HSBC to halve branches in India as customers go digital

The reduction in branches is due to customers' adoption of digital solutions

Recession or not, job cuts such as Intel's become necessary evil for tech companies
Biztech

Recession or not, job cuts such as Intel's become necessary evil for tech companies

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 to cut down on thousands of jobs to consolidate operations
News & Analysis

Intel to cut down on thousands of jobs to consolidate operations

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 cuts 200 jobs in Ontario and Florida to trim costs
News & Analysis

BlackBerry cuts 200 jobs in Ontario and Florida to trim costs

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.

Credit Suisse to prune 4,000 jobs after posting over Rs 39,000 cr net loss in Q4
Business

Credit Suisse to prune 4,000 jobs after posting over Rs 39,000 cr net loss in Q4

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 to look at strategic alternatives, cut 15% of workforce as it pursues spin-off
News & Analysis

Yahoo to look at strategic alternatives, cut 15% of workforce as it pursues spin-off

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.

Tata Steel to lay off 1,050 employees in UK to reduce cost
Business

Tata Steel to lay off 1,050 employees in UK to reduce cost

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