Freshworks, the US-based IT company with over 5,000 employees worldwide, has announced plans to reduce its workforce by 13%, impacting approximately 660 employees. This decision is part of a broader restructuring strategy aimed at improving operational efficiency and aligning...

Thyssenkrupp, the German industrial engineering and steel production multinational conglomerate is gearing to do away with 5,000 roles at its steel division over a period of five years. By 2030, it also plans to outsource 6,000 positions in an...

Ola Electric, an Indian electric vehicle (EV) company, is set to lay off approximately 500 employees as part of a restructuring effort aimed at enhancing operational efficiency and profitability. This decision comes in response to significant financial losses, a...

Nissan Motor has announced plans to eliminate 1,000 jobs in Thailand as part of its broader strategy to streamline operations and address underperformance. The decision is a key component of the company’s global restructuring plan, which aims to cut...

Ford Motor Company has announced plans to reduce its workforce by 4,000 employees across Europe and the UK by the end of 2027. This decision comes in response to economic challenges, increased competition, and slower-than-expected sales of electric vehicles...

OpenAI is currently facing a lawsuit filed by Elon Musk regarding its employee compensation practices. Musk's legal action names OpenAI, Microsoft, and Reid Hoffman—a board member of Microsoft and a former board member of OpenAI. Musk claims that these companies...

By 30 November 2024, employers can complete the activation process of the Universal Account Number (UAN) via Aadhaar-based OTP for all employees who joined during the current fiscal year. After that, they should extend the same process to their...

General Motors is making significant cuts, potentially leaving thousands of workers jobless as the company seeks to optimize its operations. Recently, 507 positions were eliminated at the Global Technical Centre in Warren, Michigan, which includes around 50 members of...

Volkswagen recently announced plans to close three plants in Germany, and now its subsidiary, Audi, is also preparing to cut costs by reducing its workforce by 15 percent. This will affect approximately 4,500 employees, with around 2,000 of those...

Is Booking.com, the online travel site, planning to reduce its workforce? According to reports, its parent company, Booking Holdings, is reviewing the company's financial situation and has found that operating expenses increased by 13.6 percent in the third quarter....

GoPro, the action camera company, is currently facing significant challenges as it undergoes a critical restructuring phase. The company has recently announced plans to reduce its workforce by approximately 26%. This decision follows an earlier announcement in August about...

Swiggy is making its stock market debut today, marking a significant moment of wealth creation. This initial public offering (IPO) will transform about 5,000 of the company’s employees into 'crorepatis,' as it is expected to generate a total of...

NASA's Jet Propulsion Laboratory (JPL) in southern California is implementing another round of layoffs, impacting approximately 325 employees, which accounts for about five percent of its workforce.These layoffs will affect various technical, business, and support areas and come in...

The Mozilla Foundation has undertaken a significant restructuring, laying off nearly 30% of its workforce. This decision aims to streamline operations and better position the organization in a rapidly evolving tech landscape.This marks the second round of layoffs for...

Bosch, the German automotive components giant, has announced plans to lay off 7,000 employees due to ongoing economic challenges and business difficulties. The job cuts will primarily impact positions in Germany, particularly within the company’s automotive supply sector. Additionally,...

The Telangana High Court has issued a notice to Tech Mahindra in Hyderabad regarding their failure to provide a relieving letter to a former employee. This notice highlights concerns about employee rights related to the issuance of such letters.The...

Nissan Motor has announced plans to cut 9,000 jobs and reduce its production capacity by 20 percent as it faces significant financial challenges in the first half of fiscal year 2024. The company reported a decline of 79.1 billion...

Freshworks, a cloud software company, announced a 13 percent reduction in its workforce, affecting 660 employees across several countries, including the United States and India. This decision is part of a broader strategy to streamline operations while focusing on...

Volkswagen is considering the closure of up to three factories in Germany, a move that could lead to the layoff of tens of thousands of workers as the company struggles to regain its competitive edge in the European market....

Visa Inc. is reportedly planning to reduce its workforce by approximately 1,400 employees and contractors by the end of 2024. This decision is part of an initiative to streamline its global operations. The cuts are expected to impact around 1,000...