Page 4 - Job Cut

Naive to believe new technology will cause no job loss: Meity secretary

Traditional jobs in the BPO sector are drying up and it will be naive to be under the impression that there will be no job loss due to the advancement of technology, a senior government official said on Thursday. While speaking at CII's Global Economic Policy forum, Ministry of Electronics and IT, Secretary S Krishnan in response to a question on the impact of artificial intelligence on jobs said that there will be fear among people but equally skilling will become an important task to help people move up in the value chain. "We will be naive if we believe that there will be no job losses as a result of new technology. The comparison to the Industrial Revolution is also very apt in that regard. When you had greater mechanization than naturally, jobs were lost and there were many people who were extremely fearful of job losses," he said. Krishnan said there will be substantial productivity enhancement in certain sectors which will then free up a lot of people. "I think, then what ..

Accounting company PwC plans to cut around 600 jobs in UK: Report

The job cuts will be directed mainly at PwC's advisory business and a small number in the tax department, the report said

Citigroup prepares for job cuts as it revamps top management structure

The moves will result in a number of job cuts, though the company doesn't yet have firm targets for how many employees will be affected

Barclays PLC to cut about 450 jobs in UK retail bank, says trade union

The bank is consulting over which roles will be cut, with the majority expected to be in head office roles, including at vice-president level

National Geographic lays off last writers, will not be sold in US anymore

National Geographic layoffs: Job cuts by Disney, the publication's parent company, were the second over the past nine months

Wall Street job cuts likely to surpass 11K as CEOs unwind hiring binge

Only this week, Citigroup announced its plans to cull 5,000 jobs, mostly in investment banking and trading, by the end of the second quarter

Third round of layoffs: Meta's senior India executives get pink slips

Directors of marketing, media partnerships among impacted

First Citizens-owned Silicon Valley Bank to lays off about 500 employees

"It is increasingly clear that we must make decisions to right-size our scope and scale to remain competitive"

Layoffs coming: US telecom carrier Verizon warns customer service employees

The layoff warning as the company lost 127,000 postpaid subscribers in the first quarter this year

Money transfer service Zepz to lay off 420 employees, 26% of its workforce

Zepz said that it was implementing "workforce optimisation" to account for roles that had been duplicated following its combination of Sendwave with WorldRemit, according to the report

Vodafone to slash 11,000 jobs over next 3 yrs in new CEO's turnaround plan

Adjusted free cash flow, a closely watched metric, will drop by about 31% to €3.3 billion ($3.6 billion) in the fiscal year ending in March, following divestments

Akamai Tech lays off nearly 3% of global workforce impacting 300 workers

"This was a difficult decision, but it was necessary for us to prioritise investments in the areas with the greatest potential for future growth as we strive to deliver greater value for shareholders"

Paramount Media Networks slashes 25% jobs, to also shut down MTV News

"Through the elimination of some units and by streamlining others, we will be able to reduce costs and create a more effective approach to our business as we move forward"

Chip-maker Intel confirms to cut further workforce to reduce costs

Intel said that it is working to accelerate its strategy while navigating a challenging macro-economic environment

Vroom lays off 11% of workforce as part of 'organisational restructuring'

US-based online used-vehicle retailer Vroom has laid off 11 per cent of its workforce, or around 120 employees, across different departments and locations

Software firm Amplitude lays off 99 employees, 13% of workforce globally

"Unfortunately, we are not immune to the headwinds being faced by our customers or to the macroeconomic environment at large"

Walt Disney begins job cuts with goal of eliminating 7,000 positions

The cuts are expected to fall on all parts of the company, including theme parks and the ESPN sports networks

Apply for jobs, give interviews on tourist, biz visa in US: Federal agency

The move by the USCIS came as thousands of highly skilled foreign-born workers, including Indians, in the US, have lost their jobs due to a series of recent layoffs at companies like Google, Microsoft

KPMG lays off 700 people in US, 1st among Big4 accounting firms to cut jobs

KPMG has announced that it is laying off 2 per cent of its workforce at its office in the United States with an aim to keep costs low as the economy slows

Ford to cut 3,800 engineering, administration jobs in Europe in next 3 yrs

Around 2,300 jobs will go at the carmaker's Cologne and Aachen sites in Germany, 1,300 in the UK and 200 in the rest of Europe, the company said