In layoff season, outplacement firms gain traction
Outplacement service firms partner with companies in case of mergers or cost-optimisation drives to assess redeployment opportunities of existing staff, train managers on layoffs, find alternate jobs for those impacted, and also play the role of career coaches, among other tasks.
Indian IT employees stare at a mid-life crisis
The axe will fall mainly on midlevel employees and those who haven’t picked up relevant skil...
Infosys to hire more freshers, targets $150 million in cost savings
Analysts said the cost optimisation plan was a routine move aimed at redu...
CITU condemns mass retrenchment of IT employees
"All these IT multinational companies have been earning huge profits and there is no reason to retrench employees. The firing operations are being taken up on the pretexts of ‘growth plans', ‘restructuring', ‘role rationalisation' etc, which are nothing but measures to maximise their profits at the cost of employees," CITU said in a statement.
Infosys lays off mid, senior level executives
The company is letting go of 10% of the workforce, or around 2,200 people.
WeWork bosses tell employees job cuts are coming this month
Executives said clients and tenants were still interested in WeWork’s offerings, and implored staff to focus on its core business and customers.
Festive season hiring continues amid muted job growth
According to Indian Staffing Federation, flexi hiring is expected to witness 10-15 per cent rise over last year's volumes this festive season.
Zomato lays off 540 employees from its customer support team
Zomato said these jobs will be automated and those laid off will get severance of two to four months.
Onus is on employees to align themselves to emerging technologies, says IBM India’s HR head
Skills which were relevant twelve to eighteen months ago are not relevant now - the bottom line is that change is going to be constant, says Chaitanya Sreenivas, HR head, IBM India.
Parle may lay-off up to 10,000 employees over weakening demand
The country’s largest biscuit maker Parle Products said on Tuesday that it may have to let go of 8,000-10,000 people if the ongoing consumpt...
As railway denies layoff, Board's letter tells a different story
The Board wants performance details every month, of staff who are either 55 yrs old or have worked for 30 yrs.
Uber lays off hundreds more workers as it struggles to make money
Uber has been under pressure this year over its long-term viability. In August, it reported a record quarterly loss of $5.2 billion and its slowest-ever revenue growth.
Some jobs to be hit in India as well due to global lay-off: Deutsche
The bank has announced shuttering of its global equities business, which will impact as many as 18,000 jobs globally.
Fall of 33% in India's April-June 2019 cotton yarn exports can lead to layoffs: Texprocil
The cotton yarn sector has been one of the pillars of the Indian textile industry and is also highly modernised and technology driven.
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