Around 4-6 per cent of HCCB's workforce is being cut as part of a restructuring drive, impacting teams across sales, supply chain, distribution and plant operations
Stalin said the impact is spreading across districts, with exporters in Tiruppur, Coimbatore, Erode and Karur facing a combined daily revenue loss of ₹60 crore
Amazon's European headquarters in Luxembourg will see 370 job cuts in the coming weeks, the biggest in over 20 years, as the company trims staff and shifts focus to AI
PepsiCo has reportedly agreed to cut its US product lineup by 20 per cent and reduce costs after talks with Elliott Management, as the company tries to simplify its business
Omnicom will cut over 4,000 jobs and close several well-known agency brands after its $13 billion takeover of IPG, as the company restructures to reduce costs and compete with big tech
The employees said Amazon's "all-costs justified, warp speed" approach to the powerful technology will have an impact on the workplace and the environment
HP Inc has announced a major global workforce reduction, between 4,000 and 6,000 roles by fiscal 2028. Here’s what’s behind the move, what it means for the company, and the larger tech-industry trend.
The teams that are expected to be impacted will include those focused on product development, internal operations, and customer support, its CEO Enrique Lores said during a media briefing call
Apple, a company known for avoiding mass layoffs, has trimmed dozens of roles across its global sales division. What does this restructuring mean for employees, customers, and the wider tech industry?
The Joint Platform of Central Trade Unions (CTUs), comprising 10 Central Trade Unions including (CITU), have called for protests from November 26
Verizon has about 100,000 employees. The planned cuts are part of an aggressive strategy that Schulman recently unveiled to reclaim market share
JPMorgan CEO predicts AI will reshape work by automating routine tasks, cutting the standard workweek to three-and-a-half days while boosting productivity and transforming global job structures
After layoffs and founder exits, Tiger Global-backed startup rebuilds its model around value, convenience, lower-middle-class households
Amazon CEO Andy Jassy in the company's quarterly earnings call on Thursday clarified the reason behind the recent job cuts
US retailer Target is cutting 150 jobs at its India capability centre as part of a global layoff of 1,800 corporate roles, citing weak sales and automation-driven cost rationalisation
The layoffs are expected across functions such as finance, marketing, human resources, and technology
A federal judge in San Francisco on Tuesday indefinitely barred the Trump administration from firing federal employees during the government shutdown, saying that labor unions were likely to prevail on their claims that the cuts were arbitrary and politically motivated. US District Judge Susan Illston granted a preliminary injunction that bars the firings while a lawsuit challenging them plays out. She had previously issued a temporary restraining order against the job cuts that was set to expire Wednesday. Illston, who was nominated by Democratic President Bill Clinton, has said she believes the evidence will ultimately show the mass firings were illegal and in excess of authority. Federal agencies are enjoined from issuing layoff notices or acting on notices issued since the government shut down October 1. Illston said that her order does not apply to notices sent before the shutdown. The Republican administration has slashed jobs in education, health and other areas it says are
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence. The reductions we're sharing today are a continuation of this work to get even stronger by further reducing bureaucracy, removing layers, and shifting resources to ensure we're investing in our biggest bets and what matters most to our customers' current and future needs, Beth Galetti, Senior Vice President of People Experience and Technology at Amazon said in message to employees Tuesday. Included in the letter was a memo to Amazon staff last year from CEO Andy Jassy. Teams and individuals impacted by the job cuts will be notified on Tuesday.
Amazon is cutting around 30,000 corporate jobs — its biggest layoff round since 2023 — as CEO Andy Jassy pushes to cut costs and streamline operations.
Amazon will lay off around 30,000 corporate employees this week, its largest job cut since 2023, as CEO Andy Jassy pushes cost control, AI-driven efficiency, and leaner operations