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GURGAON WORKFORCE REDUCTION
Adidas begins layoffs at India Tech Hub in Gurgaon, over 350 employees affectedAdidas has initiated layoffs at its India Tech Hub in Gurgaon. Approximately 350 employees, including engineers and data scientists, are af...- IKEA nails it! 90% deliveries in India via EVsIKEA's commitment to renewable energy in India has saved them nearly ₹100 million in electricity bills and reduced their global climate foo...
- Logistics, EV & EV infra, agriculture & agrochemicals, e-commerce to lead workforce expansionIndia's job market is expected to grow. The workforce may increase by 7.1% in late 2024 and early 2025. Logistics, electric vehicles, and t...
- TPG Capital acquires 60% stake in digital services firm AltimetrikWith a focus on brand visibility and global expansion, Altimetrik, led by Raj Sundaresan and supported by Adam Caplan, aims to leverage the...
- TPG Capital buys controlling stake in digital services company AltimetrikAltimetrik, backed by TPG Capital, expands its reach with a robust partner network including Snowflake. The company's leadership team, unde...
- Startups talk up funding winter, but loosen their purse stringsDuring the ongoing funding winter, several internet majors such as Paytm, Policybazaar parent PB Fintech, Flipkart failedd to control expen...
- Campus blues: mass layoffs put IITians on edgeMicrosoft, Amazon, Google and Goldman Sachs have operations in India and also are regular recruiters at top Indian campuses including IITs....
- Harley to ride out of India as part of global recast planUS motorcycle manufacturer Harley-Davidson announced it will stop making and selling its bikes in India as part of a global restructuring p...
- Harley Davidson exits current biz model in India; announces plant shutdown, to cut salesforceAs part of the process, the company is planning to close its manufacturing facility in Bawal (Haryana) and significantly reduce the size of...
- Zomato to lay off 13% of its staff as Covid-19 severely impacts food ordering businessZomato has said it will let go of 520 people and undertake up to a 50% pay cut for remainder of the organisation.
- View: It can’t be business as usual in severely polluted DelhiJust days ago, a colleague shared the picture of his infant girl—her little face hidden behind a nebuliser mask, a new routine recommended ...
- need2know: 10 macro triggers that should matter for market todayOptimism level among India's chief financial officers during July-September touched a one and half year low.
- Odd-Even: Companies like KPMG, Schneider, Microsoft encourage employees to work from homeWhile cos like KPMG, Schneider, Microsoft, are encouraging employees to work from home, some are tying up with bus shuttle service provider...
- BlackBerry to cut jobs worldwide, impact on India unlikelyBlackberry is cutting jobs globally as it plans to consolidates its various business verticals -- device software, hardware and application...
- Alcatel-Lucent may cut 1,000 jobs in India as deals dry upStruggling French telecom gearmaker Alcatel-Lucent will lay off 9% of its India workforce, as part of a global restructuring drive to cut c...
- Corus staff may turn on the heat over bonusIt may not be on the scale of the ongoing unrest at auto companies in Gurgaon, but Tata Steel is facing some heat from workers at its Corus...
- Yahoo!, Google, Microsoft still hiring in IndiaMicrosoft, Yahoo! and Google may have decided to trim their workforce worldwide, but these entities do have openings in India.
- India may be most preferred offshoring destinationFirms cite availability of local talent, better delivery and conducive environment as key offshoring reasons. BPO Brigade | Cyber-Spaced ou...
- Vertex moving key functions to GurgaonThe UK’s second-largest BPO firm, Vertex, is moving some of its key support and administrative functions to its offshore centre in Gurgaon.
- PepsiCo to recast Asia operationsThe restructuring, to be implemented from January 1 next year, is aimed at 'sharpening focus' on India and China.
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