Page 4 - Layoff

TCS headcount falls below 6 lakh for the first time in years amid layoffs and restructuring

Tata Consultancy Services (TCS), India’s largest IT services firm, has seen its workforce shrink sharply in Q2FY26.

Winning with AI: It's not AI, but users of AI, who'll take your job

The authors' calm and confident approach makes AI seem less monstrous than it is made out to be

Trump blames Democrats for federal layoffs as govt shutdown enters day 6

Republican and Democratic lawmakers at an impasse on reopening the federal government provided few public signs Sunday of meaningful negotiations taking place to end what is about to be a six-day shutdown with President Donald Trump saying that layoffs are occurring. Asked on Sunday night when federal workers would be fired as he has threatened to do, Trump told reporters: It's taking place right now and it's all because of the Democrats. The Democrats are causing the loss of a lot of jobs, Trump added, declining to answer a question about which agencies are subject to the cuts. The possibility of layoffs would escalate an already tense situation in which Washington lawmakers have struggled to find common ground and build mutual trust. Leaders in both parties are betting that public sentiment has swung their way, putting pressure on the other side to cave. Democrats are insisting on renewing subsidies to cover health insurance costs for millions of households, while Trump wants to

Renault plans to cut 3,000 jobs under voluntary exit scheme: Report

The newsletter quoted a source familiar with the matter as saying that a final decision should be made by the end of the year

TCS offers severance pay of up to 2 yrs' salary amid workforce realignment

TCS is offering severance pay of up to two years' salary to long-serving staff whose skills no longer match company needs, as it realigns workforce

Google lays off woman on O-1 visa: What it is and how it differs from H-1B

US O-1 visa is a special non-immigrant visa provided to individuals exhibiting extraordinary ability. Eligibility requires meeting stringent criteria that establish national or international acclaim

Bosch to axe 13,000 jobs in Germany as Tesla, BYD gain; Trump tariffs bite

Bosch said the cuts were necessary due to weak demand, rising costs and intensifying competition in the global auto market

After cost-cutting blitz, Trump govt rehires hundreds of laid-off employees

Hundreds of federal employees who lost their jobs in Elon Musk's cost-cutting blitz are being asked to return to work. The General Services Administration has given the employees who managed government workspaces until the end of the week to accept or decline reinstatement, according to an internal memo obtained by The Associated Press. Those who accept must report for duty on Oct. 6 after what amounts to a seven-month paid vacation, during which time the GSA in some cases racked up high costs passed along to taxpayers to stay in dozens of properties whose leases it had slated for termination or were allowed to expire. Ultimately, the outcome was the agency was left broken and understaffed, said Chad Becker, a former GSA real estate official. They didn't have the people they needed to carry out basic functions. Becker, who represents owners with government leases at Arco Real Estate Solutions, said GSA has been in a triage mode for months. He said the sudden reversal of the ...

SoftBank to trim Vision Fund team by 20% to focus on Son's AI projects

SoftBank will cut nearly 20 per cent of Vision Fund staff worldwide as it shifts focus to AI projects like the $500 billion Stargate plan, investing heavily in chips, data centres and OpenAI

Gameskraft to cut 120 jobs amid gaming ban, ex-CFO siphoning case

The move comes shortly after the Centre enacted the Promotion and Regulation of Online Gaming Act, 2025, which bans real-money gaming and has forced Gameskraft to suspend its platforms

Over 200 Google AI raters laid off: Did they train their own replacement?

More than 200 contract "raters" working on Google's AI projects were laid off without warning, sparking concerns over job security, pay, and their role in training replacement systems

Elon Musk's xAI lays off 500 data annotators amid Grok chatbot shake-up

Elon Musk's xAI lays off at least 500 data annotators, the largest team working on its Grok chatbot, as the company shifts focus to specialist AI tutors and reorganises roles

Ozempic maker Novo Nordisk to cut 9,000 job to save $1.3 billion annually

Novo Nordisk will cut 11.5 per cent of its workforce to save costs and streamline operations as competition rises and sales of Wegovy and Ozempic slow, especially in the US market

ArcelorMittal South Africa job cuts likely to rise above 4,000: Report

The company has been reporting losses since 2023 and posted a half-year headline loss of 1.0 billion rand ($56 million) on persistently low sales volumes and low prices

Qantas fined $59 million for illegally sacking 1,800 staff during Covid

A judge on Monday fined Qantas Airways 90 million Australian dollars (USD 59 million) for illegally firing more than 1,800 ground staff at the start of the Covid-19 pandemic. The penalty is in addition to the AUD 120 million (USD 78 million) in compensation that Australia's biggest airline had already agreed to pay its former employees. Australian Federal Court Justice Michael Lee said the outsourcing of 1,820 baggage handler and cleaner jobs at Australian airports in late 2020 was the largest and most significant contravention of relevant Australian labour laws in their 120-year history. Qantas agreed in December last year to pay AUD 120 million (USD 78 million) in compensation to former staff after seven High Court judges unanimously rejected the Sydney-based airline's appeal against the judgment that outsourcing their jobs was illegal. The Transport Workers Union, which took the airline to court, had argued the airline should receive the largest fine available AUD 121,212,000 (

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