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CHINA WORKFORCE REDUCTION
Zee board backs promoter stake expansion to 24%Zee Entertainment's board has greenlit a significant fundraising move, approving the issuance of warrants worth up to ₹3,143.5 crore to a p...- Zee Entertainment gets govt nod for Rs 418-cr investment from Invesco fundZee Entertainment has secured a significant Rs 418 crore foreign investment from OFI Global China Fund LLC, marking the fund's return after...
- China Inc deploys 'quiet' layoffs as Beijing promotes AI adoptionChinese companies are quietly implementing AI-driven layoffs and reducing graduate hiring to boost productivity, while carefully avoiding g...
- China out, India in? The Japanese begin a quiet but powerful pivotJapanese banks are increasingly shifting their Asia strategy from China to India and Southeast Asia as slowing growth, rising costs and geo...
- Morgan Stanley sees Reliance Industries’ AI, new energy bets powering next growth chapters. Here’s whyMorgan Stanley believes Reliance Industries has entered its fifth monetisation cycle, with artificial intelligence infrastructure and new e...
- Renault to cut up to 20% of engineers as competition from China heatsRenault plans significant job cuts in its engineering department. The French automaker will reduce its global engineering staff by up to 20...
- After IBM, Microsoft, and Micron, now Dell to lay off an undisclosed number of staff in ChinaDell China layoffs 2025: Dell Technologies plans to reduce its workforce in China. The company informed employees about the layoffs this we...
- Trump is downsizing NASA and handing over the space race to ChinaAmerica's space agency NASA faces a major staff reduction. Over two thousand senior employees are leaving. Budget cuts threaten key mission...
- Citi to cut 3,500 technology jobs in China as part of global revampThe reduction of staff at the China Citi Solution Centres in Shanghai and Dalian is expected to be completed by the start of the fourth qua...
- Mercedes-Benz plans to cut 25% of workforce costs in China by 2027, source saysMercedes-Benz is reducing its workforce in China by 10% to 15% in sales, finance, IT service, and legal departments to lower costs by a qua...
- Mercedes-Benz plans to cut up to 15% jobs in China: ReportMercedes-Benz is planning to reduce its workforce in China by up to 15%, primarily affecting its financing and sales units. The layoffs hav...
- PwC announces 1,800 layoffs in US as part of big restructuring, first in 15 years: ReportPricewaterhouseCoopers layoffs: The job cuts span various roles and departments, primarily affecting advisory and technology operations. Pw...
- Tesla cuts prices in China, Germany and other key markets amid sales slumpTesla has announced price cuts for its electric vehicles in China and Germany to boost sales amidst declining global deliveries and heighte...
- Qualcomm to lay off over 1,200 employees in US: ReportAccording to a recent filing with the California Employment Development Department, the company informed it will be laying off about 1,064 ...
- Alibaba laid off 19,000 employees in 2022 to improve cost efficiencyThe Hangzhou-based online retailer let go of more than 4,000 workers in the final quarter of the year, according to data in its earnings re...
- Crypto lender Amber Group scraps bonuses, cuts jobsSince June, Amber has kicked off a series of cost-cutting measures including redundancies and wage reductions. Some of its management team ...
- More female workers will boost India’s GDP, says World Bank South Asia VP Annette DixonDixon said that more than 20 mn Indian women dropped out of the workforce in the past decade.
- Cisco's workforce reduction plan to cost up to $550 millionCisco has said its plans to reduce the global headcount by 5 per cent will cost the firm as much as $ 550 million in cash on severance, one...
- Zynga to trim workforce strength; may outsource jobs to IndiaEmbarking on cost-cutting measures, the Nasdaq-listed entity would also be ending 13 older games besides reducing investment in 'The Ville'.
- Nokia restructuring to see up to 300 jobs cuts in IndiaNokia today said up to 300 jobs would be cut in India, as the company embarks on restructuring that would affect 7,000 employees worldwide.
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