JOBCUT
Tata Steel CEO says co wants to move fast on UK decarbonisation
Tata Steel is aiming to accelerate efforts towards decarbonisation in Britain, despite trade unions voting against the company's plans to cut jobs. The company is closing two blast furnaces in Britain, causing up to 2,800 job losses at its Port Talbot steelworks in Wales. The British trade union community has voted for strike action against these job-cut plans. Tata Steel CEO and Managing Director T. V. Narendran said timelines are clear for the company to move quickly and build the new electric arc furnace faster.
Woman laid off at tech company rehired in the same team just after 4 months
The year 2023 has turned out to be one of the worst years for tech employees as nearly 2 lakh tech employees - from Big Tech firms to startups - have been sacked to date globally
Job-cuts, uncertainty in the IT sector force more pros to go for gig roles
What's making India's highly skilled talent, especially young employees, select gig roles as the mainstay of their career strategy? The adoption of freelancing and independent work among professionals hit a new high in FY23 with a staggering 125% year-on-year increase in consultant sign-ups. This compares with a 25% and an 11% YoY increase in FY22 and FY21, respectively.
Credit Suisse’s 9,000 job cuts are foretaste of UBS takeover
UBS Chairman Colm Kelleher said it’s too soon to know a job-cut number, but UBS indicated it will be significant. The firm said in a statement on Sunday it plans to cut the combined company’s annual cost base by more than $8 billion by 2027. That’s almost half of Credit Suisse’s expenses last year.
Explained: Do recent layoffs signal repositioning of startup hiring?
Do recent layoffs signal repositioning of startup hiring? Did You Know? Since Oct 1st, over 3,400 startup employees in India have lost their jobs! Anurag Joshi brings us an explainer.Explained: Do recent layoffs signal repositioning of startup hiring?
- Go To Page 1
The pandemic guts Airbus. It’s worse for thousands of suppliers
For the more than 159,000 people working at companies in the southwest directly tied to the sector, hanging on to their jobs has become the biggest preoccupation.
Entry level, refurbished smartphones to be in focus, once sales resume
The share of smartphones priced below Rs 5000, categorized as entry-level, has trailed from 12% in 2017 to 4% in 2019, whereas, for those priced between Rs 5000-Rs 10,000, categorized as basic, it has fallen from 45% to 42%.
Infosys co-founder NR Narayana Murthy suggests ways to stop job losses
Murthy said while there is no reason to be very anxious, it is possible to protect jobs if senior execs take salary cuts and invest in training employees.
Now jobs losses at IBM India, 5,000 employees under fire
IBM did not confirm the number of employees who will be affected but said that "re-skilling and rebalancing is an ongoing process as we accelerate the benefits of cloud technologies for clients."
JNU, Jamia teachers join agitation against new UGC norms
The UGC has decided to organise a consultation with stakeholders including representatives from teachers associations across the country over the issue.
eBay will cut thousands of jobs early next year
The cuts would affect at least 3,000 employees in eBay's core marketplace division, according to one source.
Hewlett-Packard split latest chapter in Meg Whitman’s career of reinventions
Meg Whitman shelved plans to spin off Hewlett-Packard’s personal-computer business when she became chief executive officer three years ago.
IBM signs Rs 550 crore deal with microfinance firm Janalakshmi Financial Services
Janalakshmi has in the past worked with Wipro and recently outsourced its back-office work to the Indian unit of Accenture.
Siemens’ job-cut plan by end of 2014 may hit India arm too
Siemens AG has decided to cut 15,000 jobs by the end of 2014, triggering speculation about the possible downsizing of its India operations.
Planned job cuts in US decline to 41,785 in December
Planned job cuts announced by US employers declined in Dec to 41,785, the lowest monthly total since June, says a report.
US job cuts soar to 2-year high; layoffs rise 212%
Financial companies announced 31,167 cuts, the second most layoffs. Bank of America said on September 12 it will eliminate 30,000 jobs.
HSBC to axe 10,000 people outside UK: Report
HSBC, headquartered in London, will reportedly remove at least 10,000 people from their jobs, a TV news channel said on Sunday.
Planned job cuts by US firms in Jan rise to five-month high
The US employers began year 2010 by announcing 71,482 planned job cuts, the highest job-cut tally in five months, a report by global outplacement firm Challenger, Gray & Christmas has said.
Job cuts in US fall in May, but may rise after summer: Report
Job cuts announced by US employers fell for the fourth consecutive month in May to over 1.1 lakh, recording a 16 per cent dip from layoffs announced in April, but the decline could be shortlived.
Microsoft may lay off more if warranted: Ballmer
Microsoft, which has announced laying off 5,000 employees including 55 in India, said that it may look at more layoffs if the economic downturn dramatically worsens again.
HSBC uncertain about raising headcount in India this year
Global financial services provider HSBC Group has said it is not contemplating to hire people in India in the current year, having increased its workforce by 5,000 during 2008.
Post budget, BJP has its job cut out
The BJP is gearing up to turn the tables on its adversary,Cong-led UPA by taking refuge behind the twin spectres of fast-increasing job-cuts and unreasonably high prices of food items.
US employers announce over 2 lakh job cuts in Jan: Report
US employers announced a record 2.4 lakh job cuts in January, the highest in seven years, with the retail sector taking the hardest hit of the economic recession and shedding the maximum jobs.
JPMorgan plans to retain 24,000 jobs at WaMu: Report
JPMorgan Chase expects to retain about 24,000 employees of the savings and loan association
Tech sector may lose 180,000 jobs
The technology sector is on pace to lose 180,000 jobs this year, the most since 2003, amid economic downturn. Trends & turmoil in job mkt I Reshape your career
Tech sector facing most job cuts since 2003
The IT sector may lose 180,000 jobs this year, the most since 2003, amid a global economic downturn. Reshape your career | Project to save job I Global IT hubs
Corporate air travel likely to be affected: Raghu Menon
Corporate air travel in the country was likely to decline in the wake of the financial meltdown in the US and some European economies.
Load More
