Friday, 13 January 2017 09:42

Walmart to cut jobs: targets HR team

This time, as part of the restructuring exercise, the lay-offs are reportedly going to affect the stores’ large human resources department. 

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About 15 per cent of the company's total India workforce, of approx. 600, will lose their jobs.

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Wednesday, 11 January 2017 11:57

ZTE cuts 3000 jobs globally

The Shenzhen-based telecoms gear maker, is reportedly laying off about five per cent of its 60,000 strong global workforce.

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Wednesday, 28 December 2016 09:34

LeEco India looks to rightsizing its workforce

The company is apparently looking at controlling costs and revamping its strategies.

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The cash crunch and resulting demand slump have taken a toll on small and medium enterprises, as companies are looking to lay off 25 per cent of their workforce.

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As part of cost cutting, the organisation is planning to lay off a tenth of its global workforce beginning with Singapore and Hong Kong.

 

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During April–September this year the company laid off 14,000 employees across businesses, to stay agile and competitive.

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Monday, 17 October 2016 10:23

HP may cut up to 4,000 jobs by 2019

The company is facing a subdued market with its shares coming down 1.3 per cent in extended trading.

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The automaker may move employees into early retirement, every year, over the next decade.

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These job cuts— a part of an annual cost trimming plan —will account for a small portion of its total Asia corporate and investment banking staff.

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