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GLOBAL HEADCOUNT REDUCTION
Diageo sheds nearly 2,000 jobs as 'Drastic Dave' leads overhaulDiageo's workforce decreased over six percent year-on-year by June. This reduction occurred as the company began restructuring under its ne...- 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...
- Global workforce layoffs now reach Indian shoresThe people said omnichannel retailer Walmart’s restructuring this May affected around 1,000 employees at Walmart Global Tech India, includi...
- 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...
- 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...
- Why TCS employee addition just hit 4-year high amid AI job loss fearsTCS added 9,279 employees in Q1FY27, marking its strongest quarterly hiring in four years amid growing concerns over AI-led job cuts. The I...
- 120,000 tech jobs cut in 2026 as AI drives Big Tech's reset; India's IT could be nextGlobal technology layoffs are resurfacing in 2026, driven by artificial intelligence adoption. Companies are restructuring teams and automa...
- 35,000 tech roles on the chopping block as AI takes the wheel at ITBetween 10,000 and 15,000 tech professionals faced so-called silent layoffs till May, according to staffing firm TeamLease, which projects ...
- CarDekho joins IPO queue; Tech’s quiet job cutsHappy Thursday! CarDekho is finally hitting the accelerator on its long-planned IPO. This and more in today’s ETtech Morning Dispatch.
- 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...
- US cybersecurity firm N-able opens India GCC, plans 50% local workforce expansion by end-2026N-able Inc, a US cybersecurity firm, will grow its Indian team by over 50 percent by 2026. The company opened a Global Capability Center in...
- Top IT companies cut over 72,000 jobs in FY24The top six information technology services companies in India reported a reduction in their total headcount in the last fiscal year, with ...
- India's top 3 IT companies see exit of 64,000 employees in FY23-24India's IT services industry - a $254 billion powerhouse - has been feeling the heat of global macroeconomic uncertainties and geopolitical...
- Global capability centres go on hiring spree, set to outshine IT companiesGlobal capability centres (GCCs) of multinational companies are set to hire more employees this year in India. Workspace and HR solutions p...
- Wary IT companies may halve hiring of engineers from April: ExpertsStaffing firm TeamLease expects a 40% drop in FY24 headcount addition vis a vis FY23 addition, based on the current outlook from companies.
- Pharma hiring to remain conservative despite pace in vaccine development: StudyThe top 25 pharma brands by size have a total active job openings count of about 4,500 jobs globally and only 6% of these active openings a...
- India is important R&D centre and market: Alcatel LucentAlcatel Lucent said its commitment to India remains unchanged even as the French telecom infrastructure firm has announced plans to reduce ...
- Alcatel to axe 5,000 jobs, exit non-profitable marketsAlcatel Lucent today said it will reduce headcount by 5,000 globally and exit or restructure non-profitable markets to save 1.25 bn euros b...
- Nearly one lakh jobs evaporate in Jan, still countingEven the New Year seems to have a liking for layoffs, with nearly one lakh employees worldwide being shown the door so far in January, as c...
- UBS to reposition investment bank; cut up to 2,000 jobsAmid the tempestuous scenario in global financial markets, Swiss banking giant UBS on Friday announced repositioning of its investment bank...
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