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RAYMOND JOB CUTS
Discretionary spending slows in India as uncertainty keeps consumer purchases at a bare minimumConsumers are cutting back on non-essential purchases due to global tensions and job worries. Indian households are prioritising savings an...- US job market sees 147,000 new jobs in June amid Trump's trade war uncertaintiesThe US labor market saw growth in June. It added 147,000 jobs despite trade uncertainties. The unemployment rate slightly decreased to 4.1 ...
- Wall Street Week Ahead-Inflation report could rattle markets after bond yields climbU.S. inflation data could test stock investors' nerves, potentially raising treasury yields and adding to uncertainty around Trump's policy...
- Fed gets green light on rate cuts as job growth disappointsFederal Reserve policymakers are likely to start cutting interest rates this month after a government report showed U.S. employers added fe...
- Big retailers Reliance to Titan slash jobs by 52,000 in FY24Around a dozen lifestyle, grocery retailers, and quick-service restaurants cut about 26,000 jobs in FY24. This decline followed a slowdown ...
- Yields pare losses as services sector reboundsThe business activity index is "really driving that whole index higher," said Ellis Phifer, managing director of fixed income research at R...
- Online retailer Wayfair's shares jump on job cuts, upbeat 2024 core profitThe company said the job cuts, which affect 19% 0r 1,650 of its corporate employees, would lead to annual cost savings of $280 million.
- Covid impact: Six listed retailers let go of 13,600 employees in FY21The biggest fall was in Arvind Fashions that shrunk its workforce by about 58% mainly due to its exit from some brands such as Gap and Unli...
- Battered Raymond emerges contra bet as ‘The Complete Man’ gets a makeoverThe textile giant with a legacy of almost a century has been having a rough ride for some time now amid a bitter family feud, mounting debt...
- Green shoots in jobs market, but complete recovery may take a yearHiring has begun, and there is optimism among corporates in view of the festive season. IT and critical roles are in demand, but for an ove...
- Raymond, India’s top suit-fabric maker, cuts jobs as people work from homeThe Mumbai-based company is reducing jobs, rents, and marketing costs to decrease expenses by as much as 35% for the financial year started...
- Covid effect: Tatas plan layoffs to cut fixed costsThe pandemic had led to a suspension of the conglomerate’s several businesses including aerospace, automotive and aviation depressing its e...
- Factory workers need to worry about automation more than techiesJobs in factories are the most vulnerable to automation than those in the IT companies because it's easiest to automate manufacturing.
- Raymond to replace 10,000 jobs with robots in next 3 yearsThrough technological intervention, the company is looking to scale down the number of jobs to 20,000, through multiple initiatives in tech...
- China's productivity growth is the worst since the Asia crisisSqueezing more from the 775 million workers in China's assembly lines, construction sites and office cubicles is crucial to avoiding what t...
- US hits Pakistan with another Drone strike as sights shift to Mullah OmarUS answered Pak's threat of ''dire consequence'' for America in event of another violation of its sovereignty with another punitive Drone s...
- Global office markets get cheaperThe world’s most expensive office markets got a little cheaper this year. More than 130 cities worldwide had declines in rent expenses of a...
- Rejigging pay structure can help cos raise profitNine out of every 10 profit-making companies can improve their earnings per share by doing the same, an ETIG study shows. Financial crisis ...
- Job crisis to be prolonged & severe than expected: ILOAn ILO study projects that 90 mn new jobs needed over '09-'10 to absorb new entrants in labour market.
- Better suit than sari at B-schoolsOf late the concept of what constitutes formal wear for women at B-schools has globalised.
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