Page 19 - Layoff

Unilever to slash thousands of jobs in over 100 countries: Report

It comes a week after the firm failed in its bid to buy the consumer health division of GlaxoSmithKline (GSK) for 50 billion pounds

Watch: Better.com CEO lays off 900 employees in US, India via Zoom call

'This isn't the news that you're going to want to hear but ultimately it is my decision and I wanted you to hear it from me,' Vishal Garg is heard saying

ByteDance furloughs hundreds after China's tutoring crackdown

It's unclear if ByteDance will lay off more employees. Local media had earlier reported the shutting of the services

US jobless claims rise as layoffs stay high despite drop in Covid-19 cases

Before the virus erupted in the United States last March, weekly applications for unemployment benefits had never topped 700,000, even during the Great Recession of 2008-2009

IndiGo starts hiring, gives offer letters to 32 pilots for ATR-72 fleet

The pandemic hit few sectors harder than air travel, wiping out tens of thousands of jobs. IndiGo had slashed its workforce by 10 per cent last year in view of travel disruptions

Uber lays off 185 workers at its food delivery service Postmates: Report

Meal delivery has been one bright spot for Uber amid the pandemic, as bookings in its Uber Eats division rose 135 percent year-over-year in the third quarter while its ride-hailing segment dropped 50%

Mahindra lays off two-thirds of staff at its North American subsidiary

Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency

Exxon to cut 14,000 jobs, including 1,900 in US, as Covid-19 hurts demand

The cuts would include everything from layoffs to retirements or performance-based exits

Govt proposes liberal hire-and-fire rules for firms with under 300 workers

Proposal will be a part of the Code on Industrial Relations, 2020 scheduled to be introduced by Labour and Employment Minister Santosh Kumar Gangwar in the Lok Sabha

Ford Motor to cut 1,000 North American salaried jobs amid overhaul

The job cuts are aimed at improving the automaker's efficiency and are not related to rising costs from the coronavirus pandemic, said people familiar with the action

Salesforce plans to cut 1,000 jobs after banner quarter, stock gains

Sales and customer-support roles are among those being eliminated, said two of the people, who asked not to be identified discussing private information

Covid-19 woes: American Airlines plans 19,000 furloughs, layoffs in October

American Airlines said Tuesday it will cut more than 40,000 jobs, including 19,000 through furloughs and layoffs, in October as it struggles with a sharp downturn in travel because of the pandemic

Chevron Corp posts $8.3 billion quarterly loss on writedowns, job cuts

The loss includes $1 billion to cover severance pay for up to 15% of its 45,000-person workforce

Pay cuts can trigger 'desperate, extreme acts': Air India pilots to govt

The pilots said employees may be forced to challenge the decision in court, which might be a hurdle for the privatisation process

Covid-19 crisis: Ratan Tata says layoffs show India Inc's lack of empathy

While Tata Group has not laid off any employee, several Indian companies have retrenched staff due to lack of cash flow after the nationwide lockdown

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

No employee will lose job, says Air India, but cuts allowances by up to 50%

On Wednesday, Air India announced reduction in the allowances of its employees, who have a monthly gross salary of more than Rs 25,000, by up to 50 per cent

LinkedIn slashing about 960 jobs globally amid Covid-19 pandemic

The company, which is part of tech giant Microsoft, has about 1,200 employees in India. It also has a development centre in Bengaluru.

JSW to idle Ohio facility in US, sends lay-off notices to 160 workers

Sources said that the lay-off could be temporary and the company hoped that it would last less than six months. Questions sent to JSW Steel went unanswered

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.