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COMPANIES CUTTING COSTS WITHOUT LAYOFFS
Microsoft voluntary retirement scheme: What happens if employees say no to the exit offer?Microsoft has announced a voluntary exit programme allowing approximately 60,000 employees to leave the company with support. The offer inc...- 'Involuntary entrepreneur era': Tech veteran's warning to IT workers as Microsoft offers buyouts to 60,000 employeesMicrosoft’s voluntary buyout offers to around 60,000 employees have raised concerns about job security across the technology sector. Tech v...
- Meet Rajesh Ambati, the Indian-origin vice-president of engineering at AppleRajesh Ambati, a software engineer of Indian descent, has recently ascended to vice-president of engineering at Apple. In this new role, he...
- Kia Sonnet diwali bonus to employees: Pharma company CEO gifts cars to workers for the fourth consecutive yearWhile layoffs and cost-cutting put jobs under pressure, a Chandigarh-based company has gifted four Kia Sonet SUVs to loyal employees. The i...
- No layoffs in 101 years: CEO of a company that has never laid off workers says businesses should cut costs elsewhere instead of firing employeesAs Microsoft offers voluntary buyouts to around 60,000 employees amid heavy AI investment, the CEO of a 101-year-old syrup maker says busin...
- 'I am so torn on what to do': Microsoft employee returning from maternity leave offered voluntary exit, turns to internet for adviceA Microsoft employee in Canada says she was offered a voluntary exit package worth around 10 months of pay just before her maternity leave ...
- What is the difference between buyout and layoff? Microsoft offers buyout to 60,000 employees; check what it means for workersMicrosoft buyout offer to 60,000 workers: Microsoft has introduced a Voluntary Exit Offer (VEO) for eligible employees in India, the US, Ca...
- Layoffs: Microsoft, Amazon, HP among companies reducing staff due to AI pushRecent developments reveal that leading tech firms like Microsoft and Amazon are making substantial job cuts due to the rise of AI technolo...
- Former Microsoft employee tells wife he was lucky to be fired from tech sector in 2022. What is he doing now?Former Microsoft employee Ian Yong Hoe Tan says he feels fortunate to have been retrenched in late 2022, amid growing concerns about AI-dri...
- Oracle may extend US staff separation scheme to IndiaOracle’s India workforce has been shrinking over the past six months, with engineering departures running at roughly five times the pace of...
- IMF, OECD warn AI could widen rich-poor country divideRecent conversations underscore the transformative possibilities of artificial intelligence in fostering global economic growth and improvi...
- IMF, OECD warn AI could widen rich-poor country divideArtificial intelligence holds the potential to significantly enhance global economic growth and productivity rates. However, poorer countri...
- Barclays to cut 5,000 jobs this yearBarclays is cutting around 5,000 jobs, or 5% of its workforce, this year as it deploys technology, including artificial intelligence, to re...
- Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo showsThe cuts are part of an effort to build "a stronger performance culture" and address situations where the company "has consistently fallen ...
- Netflix layoffs: 1,000 employees eliminated ahead of quarterly earnings results; biggest cut since 2022After a challenging year at Wall Street, Netflix lays off around 1,000 employees, comprising about 6% of its total workforce. The impact wi...
- Zoho’s Vembu refuses to lay off people even as AI squeezes SaaS companiesThe cofounder and chief scientist of the SaaS firm said Zoho retrains people to deploy on new products or helping customers better, when AI...
- Netflix layoffs: Employee loses job after 12 years, says ‘it’s hard to put into words’, after 1,000 workers are laid offNetflix is laying off nearly 1,000 employees, around 6% of its workforce, amid organisational changes. Adam Mulder, who spent 12 years at t...
- China solar giants shed another 40,000 jobs last year as overcapacity persistsChina's leading solar manufacturers have cut their workforce by 21% as they continue to face financial challenges. Despite increasing deman...
- Kroger to cut 3,000 corporate jobs as CEO Greg Foran launches sweeping restructuring to take on rivals in the battle for cheaper groceriesKroger is embarking on a major restructuring by cutting around 3,000 corporate roles to boost operational efficiency. This strategic decisi...
- ‘Please pray for us,’ says Sridhar Vembu as Zoho skips pay hikes amid rising AI costsVembu said that the company has also gone 18 months without growing its employee count and is looking to avoid mass layoffs.
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