Page 3 - Layoff

Donald Trump's 25% tariff hit triggers layoff warning from exporters

No Russia penalty yet; key meetings between Goyal and exporters on Saturday, Sunday

Bulk of TCS layoffs may take effect this qtr, affecting over 12K employees

Severance packages range from 3 to 5 months' salary, depending on seniority

TCS market value drops by ₹28,149 crore after layoff plan announcement

Tata Consultancy Services (TCS) has lost Rs 28,148.72 crore from its market valuation in two days after the company announced that it will lay off about 12,000 employees of its global workforce this year. On Tuesday, the bellwether stock declined 0.73 per cent to settle at Rs 3,056.55 apiece at the BSE. During the day, it dropped 1.23 per cent to Rs 3,041. On the NSE, it dipped 0.72 per cent to Rs 3,057. Shares of TCS had declined nearly 2 per cent on Monday. The stock has lost 2.48 per cent in two trading days. The market capitalisation (mcap) of TCS eroded by Rs 28,148.72 crore to Rs 11,05,886.54 crore in two days. India's largest IT services firm TCS is set to lay off about 2 per cent, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades. As of June 30, 2025, the TCS workforce stood at 6,13,069. It increased its workforce by 5,000 in the recently concluded June quarter. The move is part of the compa

Why Indian IT firms are cutting jobs even as revenue continues to grow

Even as top line growth holds steady, IT giants such as TCS, Infosys and Wipro are shedding jobs, signalling a shift to automation, pyramid reset and legacy rationalisation

Nearly 4,000 Nasa workers set to exit voluntarily: Here's why it matters

Leadership turns to voluntary exits to avoid layoffs, but experts warn of long-term impact on missions and innovation

Walmart to cut hundreds of store-support, training roles in latest revamp

The company cut corporate jobs earlier this year and asked other workers to relocate to its headquarters in Bentonville, Arkansas, or to Sunnyvale, California

US Supreme Court allows Trump to cut nearly 1,400 Education Department jobs

The Supreme Court is allowing President Donald Trump to put his plan to dismantle the Education Department back on track and go through with laying off nearly 1,400 employees. With the three liberal justices in dissent, the court on Monday paused an order from US District Judge Myong Joun in Boston, who issued a preliminary injunction reversing the layoffs and calling into question the broader plan. The layoffs will likely cripple the department, Joun wrote. A federal appeals court refused to put the order on hold while the administration appealed. The high court action enables the administration to resume work on winding down the department, one of Trump's biggest campaign promises.

US State Department lays off over 1,300 employees under Trump admin's plan

The US State Department fired more than 1,300 employees on Friday in line with a dramatic reorganization plan from the Trump administration that critics say will damage America's global leadership and efforts to counter threats abroad. The department sent layoff notices to 1,107 civil servants and 246 foreign service officers with assignments in the United States, according to a senior department official who spoke on the condition of anonymity to discuss personnel matters. Notices said positions were being abolished and the employees would lose access to State Department headquarters in Washington and their email and shared drives by 5 p.m., according to a copy obtained by The Associated Press. As employees packed their belongings, dozens of former colleagues, ambassadors, members of Congress and others spent a warm, humid day protesting outside. Holding signs saying, Thank you to America's diplomats and We all deserve better, they mourned the institutional loss from the cuts and .

US state dept begins layoffs as SC ruling clears path for federal firings

US state department staffers have been informed of layoffs after a Supreme Court order overturned an injunction against executive-led agency restructuring without Congressional approval

Bumble plans to layoff about 30% of global workforce in major overhaul

Online dating platform Bumble plans to lay off about 240 employees, or roughly 30 per cent of its global workforce. In a securities filing, Bumble disclosed that its board approved the cuts this week as it realigns its operating structure to optimize execution on its strategic priorities. The Austin, Texas-based company expects to see USD 40 million in annual cost savings spanning from the workforce reductions, much of which it says it will invest in product and technology development. These decisions were not made lightly, and we are deeply grateful for the contributions of every employee impacted," Bumble said in a statement sent to The Associated Press Wednesday adding that it was now focused on moving forward in a way that strengthens our core business and "positions us for future growth. Shares for Bumble soared more than 23 per cent following the news. Its stock traded at just over USD 6.40 as of Wednesday afternoon. Bumble did not immediately specify when it would implemen

More than 460 laid-off CDC employees receive reinstatement notices

More than 460 laid-off employees at the nation's top public health agency received notices on Wednesday that they are being reinstated, according to a union representing the workers. The US Department of Health and Human Services confirmed reinstatement notices went out to the former Centres for Disease Control and Prevention employees, but provided few details. About 2,400 CDC employees lost their jobs in a wave of cuts across federal health agencies in early April, according to a tally at the time. Whole CDC programmes were essentially shut down, including some focused on smoking, lead poisoning, gun violence, asthma and air quality, and workplace safety and health. The entire office that handles Freedom of Information Act requests was shuttered. Infectious disease programmes took a hit, too, including programmes that fight outbreaks in other countries, labs focused on HIV and hepatitis in the US, and staff trying to eliminate tuberculosis. An estimated 200 of the reinstated work

Google rolls out buyout offers in US teams as AI spending takes priority

The exit programme affects US-based teams including knowledge and information, engineering, and marketing as Google reallocates resources toward AI infrastructure development

Procter & Gamble to cut 7,000 jobs in global office workforce over 2 years

The job cuts are part of P&G's reorganisation to create broader roles and smaller teams, aiming to improve efficiency - not just reduce costs, the company said

Disney lays off hundreds across film, TV divisions amid industry woes

The layoffs, which began on Monday, affect staff in marketing, publicity, casting, development, and corporate finance

UN seeks 20% cut in staff to help deal with critical funding crunch

More than 60 United Nations offices, agencies and operations have been ordered to submit proposals by mid-June to cut 20 per cent of their staff, as part of a major reform effort to consolidate operations in the face of a critical funding crunch. The cuts affect about 14,000 posts covered by the regular budget, or about 2,800 posts, UN spokesman Stephane Dujarric told reporters on Friday. These include staff in the UN's political and humanitarian offices, and its agencies helping refugees, promoting gender equality and dealing with international trade, the environment and cities. The UN agency supporting Palestinian refugees, UNRWA, is also on the list. UN Controller Chandramouli Ramanathan said in a memo to the affected agencies that the staff cuts are part of Secretary-General Antonio Guterres' goal of achieving a reduction of between 15 per cent and 20 per cent in the UN's current budget of USD 3.72 billion. The cuts are part of the UN80 reform initiative launched by Guterres i

Microsoft lays off 6,000 employees amid AI expansion | Know the full story

Microsoft is laying off over 6,000 employees, its biggest job cut after 2023. What’s behind this move, and what does it signal for the tech industry? Watch to know!

Behind Microsoft's push for performance: firings, PIPs and re-hire bans

Tech major Microsoft has introduced strict performance rules; under-performers to face exit via PIP or voluntary separation, with a two-year rehire ban and no severance in some cases

Google cuts about 200 jobs in global business unit amid restructuring

Google, like other major tech firms, has been shifting its focus toward data centre infrastructure and AI development, reducing investments in less critical areas

Cars24 lays off 200 employees amid strategic reset, continues expansion

The employees were let go of from various departments of auto-tech platform CARS24, including product and technology

Intel to announce plans to cut over 20% of staff to streamline management

The cutbacks follow an effort last year to slash about 15,000 jobs - a round of layoffs announced in August. Intel had 108,900 employees at the end of 2024, down from 124,800 the previous year