Food delivery app Zomato has laid off hundreds of employees in an effort to improve financial health and streamline operations. The company is shifting focus towards profitability and operational efficiency while navigating a challenging competitive landscape.
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.
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.
Ride-sharing company Ola has laid off 20% of its employees as it struggles with cash burn and aims to streamline its business operations. These layoffs are part of an organisational restructuring to ensure long-term sustainability and profitability.
The tech sector witnessed a significant increase in job losses in August, with over 27,000 employees affected. Major tech firms, including Intel, IBM, and Cisco, along with more than 40 smaller startups, announced substantial layoffs. So far this year, the industry has seen over 136,000 tech professionals laid off across 422 companies. Intel cuts 15,000 jobs On Thursday, Intel announced in a memo to its employees that it...
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.
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.
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.
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.
A leading pharmaceutical firm has announced layoffs in its Indian operations as it looks to cut costs and improve profitability. The decision comes amid increasing market pressures and competition. The layoffs will affect employees across different roles, with the company pledging to offer severance pay and reemployment assistance. This move reflects broader challenges faced by the pharmaceutical industry.
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.