Infosys recently revealed plans to lay off approximately 10,000 employees. The decision comes amidst global economic headwinds and increased automation of services. The company aims to reduce operational costs and focus on upskilling remaining employees to align with their digital transformation strategy.
In a surprising move, a leading tech company has announced significant layoffs impacting its Indian workforce. The decision comes as part of a broader restructuring effort aimed at improving efficiency. Employees across various departments have been affected, leading to uncertainty and concern among the staff. The company aims to support impacted employees through severance packages and career transition services.
An e-commerce giant has decided to cut down its workforce in India, citing market volatility and financial constraints. The layoffs are expected to affect several hundred employees. The company is reallocating resources to focus on core business areas as part of its strategy to navigate the challenging economic environment. The affected employees will receive assistance in the form of severance pay and outplacement services.
The hospitality industry in India is witnessing a wave of layoffs due to a sharp decline in tourism. Major hotel chains and travel companies are reducing staff to cope with reduced revenue. Affected workers face an uncertain future in a struggling job market. Many companies in the sector are providing severance benefits and exploring ways to support their former employees.
In response to declining demand, a major manufacturing company has decided to reduce its workforce in India. The layoffs are part of a broader strategy to align production with market conditions. Hundreds of employees are set to lose their jobs, raising concerns about the economic impact on local communities. The company is providing exit packages and support to help affected employees transition.
A major Indian bank has announced a significant downsizing of its workforce as it accelerates its digital transformation efforts. The move is aimed at reducing operational costs and enhancing service efficiency. Affected employees have expressed concerns over job security and future employment prospects. The bank plans to provide support through financial compensation and retraining programs.
A prominent IT services company has announced a series of layoffs affecting its workforce in India. The move is part of a larger restructuring effort aimed at enhancing operational efficiencies. Impacted employees have been offered severance packages and access to job search resources. The company is focusing on streamlining processes and realigning its business strategy.
The automotive sector in India is experiencing significant layoffs as companies grapple with a market downturn and supply chain issues. Several major manufacturers have announced workforce reductions. Employees affected by these layoffs are being offered severance packages and career support services. The industry is facing multiple challenges, including declining sales and increased operational costs.
Cognizant's India operations have laid off 6,000 employees as the company pivots towards more digital and software services. This move is part of Cognizant's broader strategy to focus on high-margin sectors and reduce dependency on traditional IT services.
The tech industry continues to face massive layoffs in 2024, with over 1,30,000 IT employees losing their jobs so far. Over 1,30,000 IT employees have lost their jobs in 2024 due to ongoing tech layoffs Cisco, Intel, Microsoft, among the top companies who announced workforce reductions Economic challenges are driving these job cuts The tech industry, which was shaken by mass layoffs at the start of 2023, has continued to experience rounds of...
Flipkart has cut 15% of its workforce, citing overstaffing following the festive season sales spike. The layoffs are part of a broader restructuring effort intended to streamline operations and maintain profitability in a competitive market.