Job Cuts
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Dell to lay off around 6,500 workers; 5% of its global workforce
Business | Feb 06, 2023, 02:14 PM ISTDell and other hardware manufacturers have noticed a drop in demand following a pandemic-era PC boom. According to preliminary statistics from industry researcher IDC, personal computer shipments declined dramatically in the fourth quarter of 2022.
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Amazon to layoff over 18,000 employees citing 'economic uncertainty' | KNOW DETAILS
Business | Jan 05, 2023, 10:57 AM ISTAmazon layoff news: In November 2022 too, Amazon reduced staff size by approximately 10,000, especially in the Devices and Books businesses, and also announced a voluntary reduction offer for some employees in its People, Experience, and Technology (PXT) roles.
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Amazon begins layoffs; asks employees to 'find another job within two months'
Business | Nov 16, 2022, 04:31 PM ISTSoon after the layoffs began, several Amazon employees took to LinkedIn and posted for new jobs, saying they have been asked to leave.
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After Twitter, Facebook, now Amazon plans to lay off 10,000 employees in coming days: Report
Business | Nov 15, 2022, 07:34 AM ISTAmazon’s layoffs come just weeks after Twitter’s new owner billionaire Elon Musk reduced the social media’s workforce by half and Meta announced it will lay off 13 per cent of its workforce or 11,000 employees.
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Intel set to lay offs employees as it cuts billions of dollars in spending
Business | Oct 28, 2022, 01:55 PM ISTIntel CEO Pat Gelsinger, during the company's Q3 earnings call, said that we are responding to the current environment by taking aggressive actions to reduce costs.
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Twitter likely to witness 75% job cuts as Musk plans massive layoffs
Business | Oct 21, 2022, 07:51 AM ISTTwitter buyout deal was earlier stalled by Elon Musk after he alleged the social media giant misrepresented the number of fake “spam bot” accounts on its platform.
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Cathay Pacific to shut one of its regional airlines; eliminate 8,500 job posts
Business | Oct 21, 2020, 10:31 AM ISTHong Kong flag carrier Cathay Pacific on Wednesday announced that it will eliminate 8,500 job posts, making 5,900 staff redundant, and shut one of its regional airlines with immediate effect in an effort to cope with the Covid-19 pandemic-induced fallout.
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Accenture to fire 5 pc of its workforce; 10,000 employees in India to face termination
Business | Aug 26, 2020, 01:23 PM ISTThe Australian Financial Review (AFR) reports that Accenture CEO Julie Sweet, in an internal staff meeting streamed online in mid-August revealed that 5% of their global workforce can be asked to leave the company.
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KLM airlines announces massive layoffs; says would cut nearly 5,000 positions
Business | Aug 01, 2020, 09:50 AM ISTAs part of the measures, a total of 4,500 to 5,000 positions in the entire KLM Group, part of Franco-Dutch airline Air France-KLM, will cease to exist. This means that the workforce will be reduced to around 28,000 full-time equivalents (FTEs) in the course of 2021 from the current 33,000 FTEs.
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Wipro says no plans to lay off staff at the moment amid COVID-19 pandemic
Business | Jul 15, 2020, 09:28 AM ISTWipro has no plans to lay off staff at the moment, said Chairman Rishad Premji on Monday asserting that the company has not laid off any employee due to the COVID-19 impact. The Chairman said this while responding to a shareholder at the 74th Annual General Meeting (AGM) which took place virtually.
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Coronavirus fallout: Air France plans 7,600 layoffs; to slash 40 pc workforce by 2022
Business | Jul 02, 2020, 10:38 AM ISTIn April, the French government has offered a 7-billion-euro ($7.91 billion) aid package to rescue Air France, whose planes have been grounded by virus lockdowns around the world.
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Qantas slashes 6,000 jobs amid COVID-19 grounding
Business | Jun 25, 2020, 11:56 AM ISTQantas CEO Alan Joyce said that the airline was in a strong position before the pandemic but has nonetheless suffered greatly from its effects, making it necessary to undergo a significant overhaul in order to survive.
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Airbnb announces 25 per cent job cuts as COVID-19 lockdown hits travel
Business | May 06, 2020, 11:24 AM ISTWith the outbreak of coronavirus, most of the countries in the world are on lockdown. Public transport, including air travel, has been suspended in many nations, to contain the spread of COVID-19, by forcing people to stay home.
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Uber to layoff 20 per cent workforce globally as lockdown hits industry hard
Business | Apr 30, 2020, 08:25 AM ISTGoing through a turbulent time even before the COVID-19 pandemic hit the world, Uber cut more than 1,100 jobs last year. Earlier this month, the company withdrew its financial forecast for 2020 and said it would write down about $2 billion in investments hit by COVID-19.
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COVID-19 pandemic could cost millions of jobs in global tourism industry: UN body
World | Apr 17, 2020, 11:33 AM ISTMillions of jobs in the global tourism industry could be lost due to the COVID-19 pandemic, which has impacted travel like no other event in history and caused 96 per cent of all worldwide destinations to introduce restrictions in response to the outbreak, the World Tourism Organisation (UNWTO) has said.
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Job loss, pay cuts worry Indians the most during lockdown: Survey
India | Apr 15, 2020, 02:13 PM ISTEvery 1 in 5 Indians is now worried about losing his or her job as the coronavirus pandemic has shut industries and businesses in India, a new survey warned on Wednesday.
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Ola aims to layoff 350 employees; move some to other verticals
Business | Nov 29, 2019, 12:15 PM ISTIn a statement, a company spokesperson said that over the past couple of years, Ola has grown its core mobility business and introduced new business verticals such as financial services, food, public transport technology, and electric mobility.
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BSNL to reduce contract workers for cost cutting; yet to clear employees' October dues
Business | Nov 29, 2019, 08:38 AM ISTBSNL's FY19 loss is estimated at over Rs 14,000 crore while its revenue is slated to decline Rs 19,308 crore. It is facing such an acute financial crisis that it has so far not paid employees' October salary but these are expected shortly.
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Tata Steel confirms 1,000 job cuts in UK as talks with workers kick off
Business | Nov 27, 2019, 11:23 PM ISTTata Steel Europe said it had begun consultations with the European Works Council (EWC) on Wednesday on restructuring plans for its business, which would include up to 3,000 job losses – 1,000 of which will be in the UK.
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Cognizant to cut 7,000 jobs as part of cost reduction program
Business | Oct 31, 2019, 11:51 AM ISTCognizant expects its October quarter year-on-year revenue growth to be in the range of 2.1-3.1 per cent in a constant currency basis.