Tag: downsizing
Microsoft worker fired after over 30 years; reveals cause of layoffs
An American multinational corporation and technology company, Microsoft has recently laid off an employee after over 30 years of service.
Jeff Bogdan, former Director...
McKinsey is offering 9 months’ pay to leave the firm &...
Amid a sector-wide downturn, McKinsey, a global management consulting firm plans to offer compensation to numerous senior employees opting to depart, aiming to trim...
Ericsson to cut 1,200 jobs due to decreased demand
Ericsson, a Swedish multinational networking and telecommunications company plans to cut 1,200 jobs due to decreased demand.
The company expects a challenging mobile networks market...
Unilever to expedite GAP, cuts 7500 jobs, splits Ice Cream
Unilever has announced initiative to expedite its Growth Action Plan (GAP) by splitting its Ice Cream division and initiating a significant productivity program.
The division...
Air India terminates employment for over 180 non-flying employees
The flag carrier airline of India, Tata Group, Air India has terminated employment for over 180 non-flying employees.
CNBC reported Air India's statement, "As part...
Paytm anticipates 20% reduction in its workforce
As per the reports of Money Control, one of India's largest digital payment apps, Paytm expects to reduce its workforce by approximately 20%. However, the...
Shell to reduce Deals Team workforce by 20% for cost-saving
An international energy company, Shell intends to trim its Deals Team workforce by at least 20% as part of ongoing efforts to streamline its...
YouTube Music contract staff sacked without notice
As the contract between Cognizant and Google came to an end, YouTube Music employees who were subcontracted through Cognizant faced layoffs. The workers had...
Sony PlayStation division to cut 900 jobs: Read CEO Message
PlayStation maker Sony Interactive Entertainment will lay off overall headcount globally by 8% or about 900 people, subject to local law and consultation processes....
Job cuts are expected to continue in tech companies
After two years of massive layoffs in IT and Tech companies, job cuts yet continue and are expected to carry on further in 2024.
In...