Page 2 - Job Cut

Peloton planning to cut additional 500 jobs to reverse losses: Report

To cut costs, the company cut hundreds of jobs, shuttered stores and outsourced delivery to third parties this year

Ola group drives back on layoff plan for nearly 200 engineers, for now

Overall, the company at a group level has a workforce of around 10,000 people

Amid global crypto meltdown, Crypto.com lays off even more employees

Crypto lending exchange Crypto.com has laid off more employees in the second round and this time, the firing of employees is worse than the previous job cut, as the global crypto meltdown gets deeper.

Coupon-finding Groupon lays off over 500 employees, 15% of its staff

Chicago-based e-commerce marketplace Groupon has confirmed that it has laid off more than 500 of its employees -- 15 per cent of its 3,416-person headcount and is also planning to slash costs

Tesla's job cut may save up to $1 bn yearly operational costs: Report

Recently, Musk had noted that his electric vehicle company would be reducing its salaried headcount by 10 per cent as the company has become overstaffed in some areas.

Elon Musk discusses 'job cuts' at Twitter with bankers to boost bottom line

CEO Agrawal had told employees that there would be "no layoffs at this time". However, according to reports, one area where Musk may make job cuts is the company's policy department

SoftBank's Arm to lays off up to 15% staff members as it readies for IPO

The British company will shed 12 per cent to 15 per cent of staff in the UK and the US, Chief Executive Officer Rene Haas said in a memo to staff, according to a person familiar with the matter

Disney to cut 28,000 jobs as coronavirus slams its theme park business

Disney shut its theme parks worldwide when the novel coronavirus began spreading this year.

Covid-19 impact: England and Wales cricket board to cut workforce by 20%

The England and Wales Cricket Board (ECB) is set to reduce its workforce by 20 per cent as it grapples with a whopping 100-million pound loss due to the Covid-19 pandemic

Maersk to cut jobs as part of major reorganisation, internal email says

Shipping group Maersk will cut job cuts as part of a major reorganisation, an internal email sent to Maersk employees shows.

Boeing plans second volunteer layoff package to employees amid Covid crisis

"Unfortunately, layoffs are a hard but necessary step to align to our new reality, preserve liquidity and position ourselves for the eventual return to growth," the CEO says

Layoffs during pandemic shows India Inc's lack of empathy: Ratan Tata

Several Tata Group companies, including its airlines, hotels, financial services, and auto business, are severely hit, but have not laid off employees to date

Over half of Indian firms 'vulnerable' on wage payments, says Crisil

Ashu Suyash, the MD and CEO of the agency, said it has done an analysis of 40,000 companies having a collective wage bill of Rs 12 trillion, which revealed the grim situation.

These co-living startups are helping tenants sail through Covid-19

Firms are waiving the rent of those who have lost their jobs during the pandemic

Fears about India's retail loan defaults overblown, says Macquarie

"the unanimous feedback has been that there has been a decline in the total loan book under moratorium from the 25-30% numbers reported as of end-May," analysts led by Suresh Ganapathy wrote in a note

Tata Motors owned Jaguar Land Rover plans over 1,000 job cuts over Covid-19

The UK's largest automotive manufacturer, which had earlier on Friday reported a 30.9 per cent drop in sales in the aftermath of the pandemic related lockdown

Covid-19 impact: Lufthansa says 22,000 jobs could go in costs purge

The carrier may also face a fare war with European discounters led by Ryanair Holdings and years of sluggish demand on usually money-spinning long-haul routes.

A horror movie in the making?

After the lockdown, a summer of discontent is looming as the jobs crisis deepens

WeWork India cuts 20% staff, says hard decisions needed to sustain pandemic

Virwani also noted in the communication that the first priority of the company is to get the maximum value from its buildings and reduce costs by the business efficiently

NYC may lose 475,000 jobs, $9.7 bn in tax revenue due to Covid-19: Report

Given the staggering job losses, IBO said it assumes that the US economy has entered a recession even though official statistics have not yet captured the scenario