FedEx is planning to reduce its European workforce by cutting 1,700 to 2,000 back-office and commercial positions over the next 18 months as part of its cost-reduction strategy. This move is expected to affect some of the nearly 50,000...

Allcargo Gati, an express distribution and supply chain management company in India, is expecting a significant increase in shipments during the upcoming festive season. The company aims to improve the efficiency of order processing and last-mile delivery operations.To prepare...

IBM, the American multinational tech company, is reducing its workforce in China by shutting down its research and development (R&D) activities. The company is closing its China Development Lab and China Systems Lab, leading to job cuts affecting at...

The Emirates Group, a UAE-based aviation company, is planning a significant expansion of its workforce. The company aims to increase its staff by 25% over the next year to support its upcoming growth phase.As part of this expansion, the...

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...

Byju’s, the struggling edtech company, has informed its employees about delays in their July salaries due to ongoing legal issues. The company’s financial situation is complicated by a Supreme Court stay on a bankruptcy case, which has frozen its...

General Motors is laying off over one thousand employees globally as part of an effort to streamline its software and services unit. This equals about 1.3 percent of GM's 76,000-strong workforce. The impacted employees include 600 from the company's...

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...

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...

Foxconn, the electronics manufacturing facility in central China, has experienced a significant increase in hiring over the past two weeks, with the company reportedly adding around 50,000 new workers.This surge in hiring is in preparation for the launch of...

In a significant ruling, the Kerala High Court has upheld an employee’s entitlement to salary arrears, citing the employer’s failure to substantiate allegations of dual employment. The case, decided by a single judge bench comprising Justice N. Nagaresh, centred...

Unacademy has announced that its employees will not receive appraisals this year due to the company’s failure to meet growth targets. The decision was conveyed during a recent virtual town hall meeting.This announcement follows recent layoffs of 250 employees...

Lion Electric, a company known for its electric trucks and school buses in the US and Canada, is taking steps to reduce costs and improve efficiency. The company plans to save around $25 million annually by letting go of...

Paramount Global has announced a significant restructuring plan to address the changing dynamics in the media industry. As part of this initiative, the company will lay off 15 percent of its US workforce and write down $6 billion in...

Dubai is launching a new initiative to transform the public-sector work environment. Starting next week, 15 public-sector entities in Dubai will test shorter working hours and a four-day work week. This move is in line with global trends seen...

Deutsche Bahn (DB) has announced a significant restructuring plan that includes cutting approximately 30,000 full-time jobs over the next five years. This decision comes after the company reported a €1.2 billion loss in the first half of the year,...

Intel is making significant efforts to reduce costs, including a plan to reduce its workforce by at least 15 percent. This could mean laying off over 15,000 employees, resulting in an estimated cost savings of around $10 billion by...

Walt Disney is laying off employees in its television unit. This will result in a reduction of two percent of the workforce at Disney Entertainment Television, which is about 140 employees. National Geographic will also see a reduction in...

General Motors (GM) is revamping its performance evaluation system for salaried employees in the US. The objective is to reward high performers and encourage low performers to either improve or leave.Under the new strategy, the top 5% of employees...

TVS Mobility, the holding company managed by the T S Rajam family, has signed a Memorandum of Understanding (MoU) with Mitsubishi Corporation (MC) to launch the TVS Mobility Mitsubishi Employee Exchange Programme (TMMEEP). This initiative aims to enhance skills,...