Raymond Group, the Indian branded fabric and fashion retail company, is slashing jobs as part of its cost-cutting strategy. The…
Browsing: Cost Cutting
Hospitality company, Oyo, has allowed its employees to follow a combination of ‘work from home’ and ‘work from flexible co-working…
Hyderabad-based airline, Trujet, has decided to cut 50 per cent of its employees’ salaries. The decision has been conveyed to…
About 600 permanent employees of Air India, are to be offered a ‘leave without pay (LWP)’ scheme for a period…
Vistara, the Indian full-service airline will impose a pay cut of five to 20 per cent from July 1 to…
Tata Motors is planning to lay off 1,100 temporary employees at its luxury Jaguar Land Rover (JLR) unit, in pursuit…
Wipro will be putting a stop to the hiring process for this financial year. It will instead focus on utilising…
With the COVID-19 pandemic affecting earnings of airlines the world over, GoAir announced that its staff will be taking pay…
Daimler is cutting costs with greater intensity now, and is reportedly planning to lay off about 15000 employees. In November…
Following a huge drop in profits last year, Swiss private bank, Julius Baer (JB), is now planning to cut 300…
With economic growth being extremely slow in the United Arab Emirates (UAE), particularly in Dubai, the Dubai Islamic Bank (DIB)…
Jaguar Land Rover (JLR), owned by Tata Motors, will be laying off about 500 employees—10 per cent of the workforce—…
OYO Hotels and Homes is planning to increase the number of job cuts to 2000, that is, about 1500 more…
Following layoffs announced by Infosys and Cognizant, it is predicted that most big information technology (IT) companies in the country…
As part of the rescue plan to revive Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) the Governemnt has…
HSBC, the British multinational investment bank and financial services holding company, may lay off about 10,000 employees in a major…
A few hundred employees can expect to lose their jobs at Wells Fargo’s development centres in Hyderabad, Bengaluru and Chennai.…
It is reported that in a bid to cut costs, the employees of Ashok Leyland have been offered certain separation…
Information technology company, Cognizant, is taking measures to cut down on expenses. Not only will the company slow down hiring,…
American multinational IT services company, Cognizant, is reportedly planning to increase the variable component of its employees’ pay package. This…
In an attempt to cut costs and tackle the slowdown that has hit the automobile industry, Maruti Suzuki India has…
Ride-hailing company, Uber, is reducing its 1200 strong global marketing team by 400, in order to bring down costs and…
Walmart, the American multinational retail company, is expected to lay off about 40 per cent of its senior pharmacists and…
Reliance Jio, the Indian mobile network operator, has laid off about 4500 to 5000 employees, of which about 500 are…
A cost-cutting drive at US-based IT company, Cognizant, did not stop its senior executives from getting double-digit hikes in salary…
Reliance Jio plans massive hiring; Idea cuts down employee cost at the dawn of merger with Vodafone.