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
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.
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.
In the coming together of two US tech giants - Dell Inc and EMC - some employees will have to be let go.
The layoffs cover 128 employees at Yahoo's headquarters in Sunnyvale, California; 46 employees in San Francisco and 60 in Los Angeles
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.
The number of people applying for US unemployment benefits fell last week, suggesting modest job growth after three months of weak hiring.