Lay Offs

Vietnam reported 8 per cent economic growth, but upward trend may not sustain

The growth slowed in the final quarter of the year as economies worldwide were hammered by the war in Ukraine and massive inflation

Global job losses could exceed 25 mn, much more than estimated by UN days ago; US jobless claims surge to record levels

The International Labour Organization, a UN agency, had estimated a week ago that, based on different scenarios for the impact of the pandemic on growth, the global ranks of the jobless would rise by between 5.3 million and 24.7 million.

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.

Naresh Goyal likely to relinquish Jet Airways' controlling stake to Etihad; layoff continues as crisis deepens

If the deal takes place, Etihad's holding in Jet Airways will increase up to 49 percent, the maximum permissible limit for a foreign company in the country.

Infosys, Cognizant, Wipro lay-offs: Churn in Indian IT is inevitable; there is no need to panic

Employers may find younger workers doing more for less if mid-level folks do not match elementary skills with more value. These are clear signs of a slowdown in growth and a reality check.

Snapdeal to lay off 600 'on journey to be India's first profitable ecommerce firm'

According to sources, the company started the process last week and will lay off 500-600 people across Snapdeal, Vulcan (logistics) and Freecharge (digital payments business).

Microsoft is shutting down Skype’s HQ in London as part of large-scale terminations

Skype's headquarters in London is the first one to go as a part of the company's large-scale terminations announced in its annual report in August.