Layoff

Layoff News

Industry body fears coronavirus may render 3.8 cr people jobless in India's tourism, hospitality sectors; seeks funding for 12 months
Business

Industry body fears coronavirus may render 3.8 cr people jobless in India's tourism, hospitality sectors; seeks funding for 12 months

The coronavirus impact could render 3.8 crore people jobless, which is around 70 percent of the total workforce in the tourism and hospitality sector, according to a grouping

Cognizant may sack 350 employees as part of cost reduction measures; company to focus more on digital technology services
Business

Cognizant may sack 350 employees as part of cost reduction measures; company to focus more on digital technology services

In November this year, Cognizant had said it would slash up to 7,000 jobs in the next few months as part of a cost reduction programme.

Microsoft may be looking at cutting 700 jobs by 26 January as part of previous announcement
News & Analysis

Microsoft may be looking at cutting 700 jobs by 26 January as part of previous announcement

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.

Nokia cuts more than a thousand jobs in Finland
Biztech

Nokia cuts more than a thousand jobs in Finland

Nokia is cutting 1,032 jobs in Finland as part of a cost-cutting program following its acquisition of Alcatel-Lucent, the telecom network equipment maker said in a statement.

Dell-EMC mega tech merger: There will be impact on headcount, says Dell
Biztech

Dell-EMC mega tech merger: There will be impact on headcount, says Dell

In the coming together of two US tech giants - Dell Inc and EMC - some employees will have to be let go.

Yahoo to cut more than 300 jobs, shuts down digital magazines: Report
News & Analysis

Yahoo to cut more than 300 jobs, shuts down digital magazines: Report

The layoffs cover 128 employees at Yahoo's headquarters in Sunnyvale, California; 46 employees in San Francisco and 60 in Los Angeles

Yahoo announces first round of layoffs as it trims 15 percent of workforce
News & Analysis

Yahoo announces first round of layoffs as it trims 15 percent of workforce

Yahoo Inc announced Wednesday it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts.

US job scene looks up; unemployment aid demand down
World

US job scene looks up; unemployment aid demand down

The number of people applying for US unemployment benefits fell last week, suggesting modest job growth after three months of weak hiring.

Nokia layoff: Europe's pain is Asia's gain
Business

Nokia layoff: Europe's pain is Asia's gain

Nokia said Wednesday it would let go 4,000 more people around the world, more than half of them in Hungary, ending all phone assembly operations in Europe.

Nokia Announces 7,000 Job Cuts
News & Analysis

Nokia Announces 7,000 Job Cuts

A huge number of Nokia employees are being laid off in an effort to cut costs.