Page 23 - Layoff

Finland invites Indian tech professionals during global layoff season

Nordic country aims to double work-based migration and triple study-based migration by 2030

Cut financial flab to navigate your way through a turbulent job market

Curtail discretionary expenses and avoid fresh loans amid the current uncertainty

Ohio-based Goodyear to cut 500 jobs amid weak demand, rising inflation

The company said it's grappling with inflation in areas such as wages and benefits, countering the benefit from a decline in raw material costs

Amid layoffs, techies looking for ways to get more 'secure' jobs: Report

Global tech companies have laid off around 70,000 employees in the last one year

IBM, SAP SE to cut thousands of jobs globally amid tech layoffs

Dow, EY also announce cuts

Tech layoffs: It's business, not personal

It's not that they don't want you, just that they do not need you anymore. Or, so they think

Sequoia emphasises 'zero tolerance' for irregularities after GoMechanic row

Venture capital firm writing off investment in GoMechanic and may take action against company's founders: Sources

Dow Inc is planning to cut about 2,000 jobs, almost 5% of its workforce

Materials science company Dow is cutting about 2,000 jobs, or approximately 5 per cent of its global workforce, as part of an effort to reach USD 1 billion in cost savings this year. The Midland, Michigan-based company currently employs approximately 37,800 people. Dow Inc. will take a charge of USD 550 million to USD 725 million in the first quarter. This mostly includes severance and related benefit costs; costs related to exit and disposal activities and asset write-downs and write-offs. Dow did not provide specifics but said it would evaluate assets with a focus on Europe. The company also reported a fourth-quarter profit of USD 613 million, or 85 cents per share. Its adjusted profit was 46 cents per share, below the 57 cents per share that analysts surveyed by Zacks Investment Research were calling for. Revenue totalled USD 11.86 billion, missing Wall Street's estimate of USD 12.03 billion. In the fourth quarter, Team Dow continued to proactively navigate slowing global grow

Mahanagar to Margin Call: How mass layoffs have been depicted on screen

In India, filmmakers have mostly looked at impact of mass firings on blue-collar workers

Why big tech is firing employees by the thousands? Should we be worried?

What exactly led to this massive shakeout? And what does it mean for the industry, and you?

SAP plans to sell its stake in Qualtrics, cut 3,000 jobs to boost profit

SAP Chief Executive Officer Christian Klein said in a call with reporters that the job cuts were a strategic move and "not related to our business momentum

IBM announces layoffs amid tech slowdown, to cut global workforce by 3,900

In its forecast, IBM said free cash flow in fiscal 2023 is expected to be $10.5 billion while revenue will increase in the mid-single digits

One in four Indians concerned about threat of job layoff, finds survey

Every one in four Indians is concerned about the threat of job layoff while three out of four are worried about rising inflation yet half of them believe that the country's economy will grow in 2023, according to a survey by marketing data and analytics firm Kantar. In its second edition of India Union Budget survey, Kantar found that consumers expect an announcement in policy changes with respect to income tax, with increasing basic income tax exemption limit from current Rs 2.5 lakh being the most common expectation. "At a macroeconomic level, most have a positive outlook -- 50 per cent believe that the Indian economy will grow in 2023 as against 31 per cent, who feel there will be a slowdown. Non-metros at 54 per cent are more optimistic as compared to metros," Kantar said. However, it said the global economic slowdown and a potential resurgence of COVID-19 are key areas of worry for Indians. "Three out of four people are worried about the rising inflation and want the governmen

Biden understands first-hand impact layoff can have on family: White House

US President Joe Biden understands first-hand the crushing impact of losing a job can have on a family, the White House has said, amid the massive layoffs by major tech companies like Google, Amazon, Microsoft and Facebook that have rendered thousands of Indian-American IT professionals jobless. On January 20, Google axed 12,000 jobs across the globe, its CEO Sundar Pichai announced, becoming the latest tech giant after Microsoft, Facebook and Amazon to retrench staff en mass amid the global economic downturn. Last week, Microsoft announced 10,000 job cuts, or nearly 5 per cent of its workforce. Amazon is also cutting 18,000 jobs and Facebook parent Meta was trimming 11,000 positions. The bloodbath in the tech sector that began last year is continuing into 2023. The President understands first-hand how the impact of losing a job can have on a family. He understands that very personally, White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference on .

3M to cut 2,500 jobs as CEO Roman vows to reexamine 'everything we do'

The maker of Post-it notes, surgical supplies and touch-screen displays said Tuesday that it sees adjusted earnings for 2023

Healtech startup Innovaccer lays off 15% employees amid structural rejig

An Innovaccer spokesperson said that the company's priority is to fully support its impacted employees, which includes offering them a generous package

3M plans to cut 2,500 jobs globally as outlook signals more turbulence

3M shares dropped as much as 4.7% before the start of regular trading in New York

Healthtech unicorn Innovaccer sacks 245 workers, second job cut in 5 months

Innovaccer had said that its business fundamentals are still strong

Google CEO Sundar Pichai tells staff job cuts avoided 'much worse' issues

Google has said it would eliminate about 12,000 jobs, becoming the latest tech giant to retrench after years of abundant growth and hiring

TMS Ep353: Apple avoids layoff, El Nino, T+1 settlement cycle, influencers

How has Apple avoided the mass layoff mess? How will El Nino affect Indian farms in 2023? Are FPIs ready for the T+1 settlement cycle? What are influencers? All answers here