Wall St rises on debt ceiling deal cheer, hopes of Fed pauseThe bill to suspend the $31.4 trillion debt ceiling headed to the Senate, which must enact the measure before a Monday deadline, when the g...
01 Jun, 2023, 11.11 PM IST
Britain's BT Group to lay off up to 55,000 by 2030 after fibre roll-out endsBT would use AI to deliver better customer service, driven by customer needs, he said, as well as capturing other business opportunities. "...
18 May, 2023, 06.33 PM IST
Philips to lay off 6,000 employees in drive to improve profitabilityThe new reorganisation comes on top of a plan announced last October to layoff 4,000 employees
30 Jan, 2023, 01.06 PM IST
Philips to cut 5% of its workforce after medical equipment recallThe move was the first announcement by newly appointed CEO Roy Jakobs, who took over the reins earlier this month as the company continued ...
24 Oct, 2022, 11.43 AM IST
Non-IT firms hunt for tech talent to back digital pushFirms like Vedanta, Tata Steel and Dabur are investing heavily in digital technology to improve efficiency.
13 Aug, 2019, 06.40 PM IST
India Inc in a fix as HR heads shift loyalties from established companies to new onesSince May, at least 17 HR heads have changed loyalties — with movements happening across companies from old economy to new-age ones.
27 Aug, 2015, 04.00 AM IST
Companies cut back on employee travel, freebies to tide over slowdownCorporate India is scaling back on staff perks from frequent travel and expensive hotel stay to offsites and freebies, to rein in spending.
30 Aug, 2013, 10.17 AM IST
Global giants like HSBC, Nokia, Barclays plan thousands of job cuts; employees in India largely sparedMulti-national cos have announced job cuts totalling more than 1,35,000 across the world, but the impact on India is estimated to be for le...
31 Oct, 2011, 06.23 PM IST
- Global Cos plan large scale layoffs, Indians spared
More than 1,35,000 job cuts have been announced by just about a dozen multi-national companies in past few months.
31 Oct, 2011, 06.22 PM IST
- Royal Philips Electronics to cut operational costs
Royal Philips Electronics, the world’s leading maker of light bulbs and healthcare solutions plans to bring down its operational costs by u...
09 Oct, 2009, 08.46 AM IST
- Philip Morris cuts 300 staff in Serbia: Report
Global tobacco giant Philip Morris on Monday dismissed more than 300 people, or a third of its workforce, at a Serbian subsidiary in order ...
07 Sep, 2009, 06.32 PM IST
- Stocks to watch: Pfizer,Bhushan Steel,Ashok Leyland,Cairn,Ispat,Mind Tree,Tech Mahindra
GlobaL pharma giant Pfizer has emerged as the frontrunner to acquire RFCL’s animal health unit, Vetnex, in a deal estimated around Rs 250 c...
28 Apr, 2009, 09.37 AM IST
Five going jobless every passing minute this yearHowever, as a saving grace for employees, most of the layoffs of '09 so far happened in Jan.
01 Mar, 2009, 12.17 PM IST
Rising layoffs: 9,000 job vanishing every dayAs financial turmoil continues to rattle world economies, layoffs so far this year have crossed the 2,77,000 -mark.
02 Feb, 2009, 12.23 PM IST
- Finance crisis claims government, 85,000 jobs
Companies forecast more than 85,000 job cuts in a single day as financial crisis struck workers across globe. Safest investment options | D...
26 Jan, 2009, 10.46 PM IST
- Philips to lay off 1,600 workers: spokesman
Dutch electronics giant Philips will cut "about five percent" of its 32,000 strong workforce in the medical division worldwide, affecting 1...
22 Nov, 2008, 08.07 PM IST
- Indian executives get behind MNC wheel
Many MNCs have been hiring people aggressively in India and now have more than 50% of their workforce working out of this country.
28 Aug, 2007, 01.04 AM IST