Layoffs

Showing of 1 - 20 from 82 results
Layoffs - Total results - 82
US economy shrinks at 5% annual rate in Jan-Mar quarter; economists expect far worse GDP outcome in Q2
Business

US economy shrinks at 5% annual rate in Jan-Mar quarter; economists expect far worse GDP outcome in Q2

The US economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter

Coronavirus Outbreak Impact: Nissan to close Indonesia, Spain auto plants after sinking into red for first time in 11 years
Business

Coronavirus Outbreak Impact: Nissan to close Indonesia, Spain auto plants after sinking into red for first time in 11 years

Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the pandemic squashed global demand and disrupted production

Nissan Motor plans to close Barcelona factories, 3,000 jobs lost; Spain's govt urges carmaker to consider alternatives
Business

Nissan Motor plans to close Barcelona factories, 3,000 jobs lost; Spain's govt urges carmaker to consider alternatives

Spain's government says that Japanese carmaker Nissan Motor Co. has decided to close its manufacturing plants in the northeastern Catalonia region, resulting in the loss of some 3,000 direct jobs

Boeing cuts 12,000 jobs, resumes production of grounded 737 Max; reveals plans for more layoffs
Business

Boeing cuts 12,000 jobs, resumes production of grounded 737 Max; reveals plans for more layoffs

Boeing, one of the nation's biggest manufacturers, said it will lay off 6,770 US employees this week, and another 5,520 workers are taking buyout offers to leave voluntarily in the coming weeks.

Coronavirus Lockdown: After Zomato, Swiggy sacks 1,100 employees as pandemic continues to hurt business
Business

Coronavirus Lockdown: After Zomato, Swiggy sacks 1,100 employees as pandemic continues to hurt business

Joining arch rival Zomato, food delivery platform Swiggy on Monday announced to lay off 1,100 employees, nearly 14 per cent of its workforce, spanning across grades and functions in the cities and head office over the next few days as Covid-19 continues to hurt its business across verticals, IANS reported

Stung by virus, long-haul carrier Qatar Airways cuts jobs as pandemic largely grounds global aviation industry
Business

Stung by virus, long-haul carrier Qatar Airways cuts jobs as pandemic largely grounds global aviation industry

Long-haul carrier Qatar Airways said on Wednesday that it will lay off staff as the coronavirus pandemic largely has grounded the global aviation industry

Coronavirus Outbreak: Over 1.25 bn jobs at stake; Asia-Pacific region to see greatest loss in work hours, says ILO
Business

Coronavirus Outbreak: Over 1.25 bn jobs at stake; Asia-Pacific region to see greatest loss in work hours, says ILO

Over 1.25 billion workers are seeing their livelihoods threatened by the COVID-19 pandemic, the United Nations said on Tuesday, warning it was the "worst global crisis" since World War II.

Stock markets open in green: Sensex rallies over 1,300 points, Nifty soars 348 points; IndusInd among top gainers
Business

Stock markets open in green: Sensex rallies over 1,300 points, Nifty soars 348 points; IndusInd among top gainers

The markets opened on Tuesday with the Sensex rallying over 1,300 points in early trade led by gains in bank, IT and auto stocks amid recovery in global equities.

Stock Markets LATEST Updates: Markets rebound, end in green; Infosys, Adani Ports, HUL among major gainers
Business

Stock Markets LATEST Updates: Markets rebound, end in green; Infosys, Adani Ports, HUL among major gainers

Stock Markets LATEST Updates: Markets rebound, end in green; Infosys, Adani Ports, HUL among major gainers

Coronavirus Outbreak: Experts urge corporate India to avoid layoffs, pay cuts for faster recovery
Business

Coronavirus Outbreak: Experts urge corporate India to avoid layoffs, pay cuts for faster recovery

With the coronavirus pandemic threatening a sharp economic slowdown, experts are suggesting companies to adopt a humane approach in rationalising their expenses without going for across-the-board pay cuts or freezing of hikes to ensure a faster recovery from the slump

After Cognizant, now Infosys is laying off over 10,000 middle, senior level executives
Business

After Cognizant, now Infosys is laying off over 10,000 middle, senior level executives

After Cognizant, now Infosys is laying off over 10,000 middle, senior-level executives

Logistics startup Rivigo lays off up to 100 employees in past few months; revokes campus offers
Business

Logistics startup Rivigo lays off up to 100 employees in past few months; revokes campus offers

Rivigo, which was set up in 2014, has not faced any major problems to raise funds and Warburg Pincus and SAIF Partners had helped raise $65 million a week ago, said the report.

Elon Musk's SpaceX to cut 10% of workforce; cites 'difficult challenges' ahead
News & Analysis

Elon Musk's SpaceX to cut 10% of workforce; cites 'difficult challenges' ahead

In December, SpaceX was reported to raise $500 million, taking its valuation to $30.5 billion.

Jet Airways layoffs: Airline fires 16 more people working as ground staff in Kochi, Hyderabad offices to cut costs
Business

Jet Airways layoffs: Airline fires 16 more people working as ground staff in Kochi, Hyderabad offices to cut costs

Late last month, Jet Airways had laid off 20 employees, including some senior-level executives from the in-flight services department.

Economy growing but layoffs still aplenty in India; Information Technology sector worst-hit, says report
Business

Economy growing but layoffs still aplenty in India; Information Technology sector worst-hit, says report

Even as the economy grows, job layoffs continue to remain a "commonplace" with IT industry employees experiencing more pain than the others

India Inc promises better pay hikes of 10-15% in 2018; mobile manufacturing, fintech, startups seen to hire the most
Business

India Inc promises better pay hikes of 10-15% in 2018; mobile manufacturing, fintech, startups seen to hire the most

HR experts believe infrastructure, telecom, manufacturing and IT will be among the industry verticals that will grow substantially in the coming year.

Gentle deceleration in IT hiring due to focus on efficiency, innovation, says junior minister Chaudhary
Business

Gentle deceleration in IT hiring due to focus on efficiency, innovation, says junior minister Chaudhary

The growth in total employees stood at 7 percent in 2014-15, which came down to 6 percent the following year and was 5 percent in 2016-17

Infosys vs TCS: Gross hiring at both cos hit multi-quarter lows; Q1 result comparison in 7 charts
Business

Infosys vs TCS: Gross hiring at both cos hit multi-quarter lows; Q1 result comparison in 7 charts

TCS added just 11,202 employees gross basis in Q1, sharply down from 20,093 in the previous quarter

RBI Governor Urjit Patel says not pessimistic on IT jobs, startups should help
Business

RBI Governor Urjit Patel says not pessimistic on IT jobs, startups should help

In the past few months a number of IT majors such as Infosys, Wipro, Cognizant, IBM and Tech Mahindra have either announced or are believed to be mulling job cuts

Nasscom's deferred IT sector guidance tomorrow; skilling likely to be central theme
Business

Nasscom's deferred IT sector guidance tomorrow; skilling likely to be central theme

Nasscom for the first time deferred giving its outlook of the US $155 billion industry in February and postponed to April-June quarter, as the headwinds including immigration and H-1B visas, rise.