PayPal has initiated widespread layoffs on Tuesday, 14 May. The restructuring is said to be part of a strategy to…
Browsing: Restructuring
Sundar Pichai, CEO, Google, shed light on the company’s ongoing workforce adjustments and their rationale. During an all-hands meeting, he…
In the process of doing away with five layers of management, Citi’s management layers have been reduced to eight, from…
BHP Group, a mining company has announced it would dissolve certain global teams and shift their responsibilities, such as planning,…
With an aim to refocus on its iconic brands, BuzzFeed, a digital-media company, has decided to slash 16 per cent…
Sterlite Technologies (STL) has reduced the salaries of nearly half of its 3,500 employees by 15 to 25 per cent.…
As per media reports, Flipkart, owned by Walmart, is undergoing a workforce reduction that could lead to a five to…
Cruise, the self-driving car subsidiary of GM, has reduced its workforce by 24 per cent, laying off 900 employees. This…
Citigroup is set to provide laid-off employees with partial bonuses determined by their tenure this year as part of the…
After Broadcom acquired VMware, a leading cloud-computing company, there were notable organisational changes. Bloomberg News reports that around 1,300 California-based…
After two years of modest performance, ByteDance’s gaming division, Nuverse, is undergoing substantial downsizing. Bytedance, the parent company of TikTok,…
Snap, the parent company of Snapchat, is reportedly planning another round of layoffs, with approximately 150 employees expected to be…
Citigroup is taking measures on a substantial restructuring exercise, and employees working in compliance and risk management support roles are…
It has not been very long since Daniel Zhang took over as chairman and CEO, Alibaba. And now, amidst major…
As a part of its ongoing restructuring strategy, Myntra might be laying off employees in the coming future. The Flipkart…
Kyndryl, a global company that provides infrastructure services to organisations across different industries, recently announced that it would be laying…
Meta is cutting jobs yet again, after laying off 11,000 members of its workforce in November 2022. In the latest…
As part of organisational restructuring and strategic changes in its business model, Hirect, a chat-based direct-hiring platform for startups, has…
With revenues dipping 35 per cent in quarter one of financial year 2023 and demand for falling too, Seagate Technology…
On 25 October, 2022, a group of employees from the Thiruvananthapuram branch of Byju’s in Kerala met V Sivankutty, labour…
Oracle Corp. has reportedly begun the process of laying off employees in the US, as a part of a cost…
Thai Airlines, which has been struggling to make ends meet for a very long time now, has decided to sell…
Chinese multinational internet technology company, ByteDance, is going through a major restructuring process. As part of the exercise, it is…
Ford India has announced the shut-down of its two factories in India, in Chennai (Tamil Nadu) and Sanand (Gujarat). With…
Radio Mirchi is now just Mirchi. The rebranding has been done in a bid to make the market understand the…
Last week, Nokia, the Finnish telecom equipment manufacturer, had revealed plans to downsize its workforce by about 10,000 over a…