Top News
Cabinet approves the Unified Pension Scheme (UPS), which guarantees an assured pension to government employees
Cabinet approves the Unified Pension Scheme (UPS), which guarantees an assured pension to government employees
Emirates Group plans to increase workers by 25% by 2025.
Emirates Group plans to increase workers by 25% by 2025.
GoPro plans to reduce its personnel by 15% as part of its reorganisation efforts.
GoPro, the well-known action camera manufacturer, has announced its plan to reduce its workforce by approximately 15 percent. This move is part of the company’s broader restructuring efforts aimed at cutting operating costs. The company’s board of directors has approved the restructuring plan, which will affect around 139 of its 925 full-time employees. The layoffs are set to begin in the third quarter of 2024 and are expected to be completed by the end of the year. This marks GoPro’s second round of job cuts in 2024, following a four percent reduction in March, during which the company also downsized its global office space. Despite these measures, GoPro’s financial performance for the second quarter showed a 22.7 percent decline in revenue, dropping to $186 millio...
Byju’s CEO Promises Turnaround Amidst Challenges
Byju's CEO Promises Turnaround Amidst Challenges
Mastercard plans to lay off 1,000 staff by end of September
Mastercard plans to lay off 1,000 staff by end of September
General Motors cuts 1,000 jobs from its global workforce.
General Motors cuts 1,000 jobs from its global workforce.
Amazon is set to make substantial investments in expanding its data centre facilities and workforce in Hyderabad
The Telangana delegation, led by IT and Industries Minister D Sridhar Babu, engaged with senior leaders from Amazon, including Kerry Person, vice president, AWS Data Centre (planning and delivery), to strengthen the company’s operations in the region. This expansion is expected to reinforce Telangana’s status as a premier hub for cloud and data centre infrastructure in India. As AWS continues to grow its cloud services in the region, the state is likely to play a pivotal role in advancing India’s digital economy goals. Amazon already has a notable presence in Telangana, highlighted by its largest corporate building, globally, located in Hyderabad, and the launch of its dedicated air cargo network, ‘Amazon Air,’ in 2023. The city has also been designated as a strategic region for Amazon Web...
Cisco to lay off thousands more in its second employment cut this year
Cisco Systems is reportedly preparing for a second round of job cuts this year. This move comes as the company shifts its focus to high-growth areas such as cybersecurity and artificial intelligence. Earlier in February, Cisco laid off about 4,000 employees. This time, the company is also planning to let go of thousands of employees. Sources suggest that the upcoming layoffs may be on par with or even exceed the previous round. The announcement is expected to align with Cisco’s fourth-quarter results. Cisco, which had around 84,900 employees as of July 2023, has been facing reduced demand and supply- chain issues in its core business of routers and switches. In response, the company is diversifying, including a $28 billion acquisition of cybersecurity firm Splunk, in March, to boost its su...
Foxconn increased its workforce by 50,000 workers in the last two weeks
Foxconn increased its workforce by 50,000 workers in the last two weeks
Employers who fail to prove dual employment must pay arrears: Kerala HC
Employers who fail to prove dual employment must pay arrears: Kerala HC
Dell restructuring causes at least 12,000 job layoffs
Dell restructuring causes at least 12,000 job layoffs
ShareChat cuts 5% roles amid 16 million debt financing
ShareChat cuts 5% roles amid 16 million debt financing