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WORKFORCE REDUCTION
Top six IT firms add 5,400 employees in Q1, led by TCSThe number was skewed by India’s largest firm, Tata Consultancy Services, which made its biggest quarterly addition in three years, hiring ...- Zepto may defer IPO; Festive carts go premiumHappy Thursday! A roadblock in valuation negotiations may prompt Zepto to delay its listing. This and more in today’s ETtech Morning Dispat...
- KPMG Australia says no decision made on workforce after media report of 1,000 job cutsKPMG Australia denies making job cut decisions following media reports. The firm is reviewing its operating model and cost base for future ...
- Visa to lay off 7% of staff as efficiency push deepensVisa plans to reduce its workforce by approximately seven percent. This significant job cut will primarily affect technology and product te...
- Global Market: Aberdeen Group reports £3 billion outflows in H1 as turnaround efforts continueAberdeen Group experienced substantial net outflows of £3 billion in the first half. This occurred as withdrawals from investment and advis...
- Global Market: UBS posts 17% jump in Q2 profit, announces $3 billion share buyback planUBS reported a 17% rise in Q2 net profit to $2.8 billion, beating analyst estimates on strong wealth management and investment banking grow...
- Air India's stumble creates a bigger problem than aviation duopolyTata's Air India faces major losses and market share decline. The airline's turnaround is a decade-long endeavor due to legacy issues. Glob...
- PayPal presses on with turnaround in pivotal quarter as sale questions lingerPayPal has detailed its cost-saving plans through 2029. The company also raised its 2026 profit forecast above market expectations. These r...
- Krutrim trims staff again, this time by another halfThe fresh job cuts come just months after ET reported on May 6 that the Bhavish Aggarwal-led startup had abandoned much of its original ful...
- AI blows up IT playbook: Lines between AI labs and IT services firms start to blurThe enterprise services business they have dominated for decades is beginning to see a new breed of rival. OpenAI and Anthropic are no long...
- Nothing says it is not exiting markets. Its restructuring suggests a broader reset is underwayNothing is reorganizing its business by creating dedicated units and regional hubs. The company denies shutting down operations in multiple...
- Disney layoffs: Hundreds of jobs cut across ESPN, Pixar, other unitsWalt Disney Company has initiated significant workforce reductions across its various business units. Corporate teams, ESPN, and film studi...
- Uber cuts 10% customer service jobs as AI becomes latest driver of tech layoffsUber has cut 10% of its customer service workforce, marking the first time the company has directly linked layoffs to artificial intelligen...
- West Asia war woes trigger UAE, Oman hospitality talent shift to IndiaIndian hospitality professionals are increasingly seeking jobs back home from West Asia. Regional tensions and industry slowdown have trigg...
- Companies Are Laying Off Workers Because of AI’s Potential—Not Its PerformanceAI has been cited as a cause of layoffs, but is it actually displacing jobs? And if not, what’s going on? Based on a survey of 1,006 global...
- Samsung cuts US jobs, offers relocations ahead of HQ moveSamsung Electronics has reduced jobs in its United States consumer electronics divisions. Many workers in New Jersey and Texas were affecte...
- From tariffs to talent: How India–UK CETA can transform services trade and professional mobilityThe UK-India CETA agreement, effective July 2026, enhances services trade and professional mobility. It offers improved market access acros...
- 7,700 jobs down: India’s top private banks’ workforce reduce as tech wonder gets busyIndia's largest private banks are reducing staff numbers. This shift reflects increased automation and artificial intelligence adoption. Te...
- 21% YoY rise in engineering exports in June shows sector's resilience amid global challenges: EEPC India Chairman Pankaj ChadhaEngineering exports rose nearly twenty-one percent year-on-year in June. This growth reached eleven point four eight billion dollars, refle...
- HDFC Bank's total workforce witnesses reduction of 3,343 employees in FY26HDFC Bank reduced its workforce by 3,343 employees during the last fiscal year. The bank's total balance sheet expanded by twelve percent t...
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