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UNILEVER LAYOFFS
CEOs are getting ruthless about worker performanceCorporate leaders are increasingly prioritizing results over employee comfort, with CEOs like Unilever's Fernando Fernandez demanding "volu...- 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...
- Flipkart group CFO Sriram Venkataraman quits amid ecommerce major’s IPO plansVenkataraman, who joined the Bengaluru-based ecommerce company in 2015, is set to step down over the coming months. No successor has been n...
- Desi techies’ US woes; ETtech Done DealsHappy Wednesday! Indian techies in the US are raising alarms online over layoffs and a dismal job market. This and more in today’s ETtech M...
- Twitter India's FY24 net tanks 90% amid falling ad revenueTwitter Communications India, now X Corp, saw a 90% decline in net profit and revenue last financial year. This was after Elon Musk's takeo...
- Job Market Turmoil: European companies cut to the chase with layoffsRising inflation and the war in Ukraine have led European companies to freeze hiring or cut jobs. Key organizations such as TSB, PKP Cargo,...
- Unilever to cut a third of office jobs in EuropeUnilever plans to cut a third of all office roles in Europe by the end of 2025 under CEO's strategy to boost growth, with as many as 3,200 ...
- How startups are changing their hiring strategies to streamline costsFacing a prolonged funding drought, startups are trying a new approach to cost-cutting. Layoffs continue, but some companies, like Swiggy a...
- Prathyusha Agarwal to head Flipkart's ShopsyPrathyusha Agarwal has joined Flipkart as vice president (VP) and head of Shopsy, a spokesperson for the firm confirmed to ET. She was prev...
- Unilever plans to spin off Ice Cream business, sack 7,500 to cut costsUnilever Plc is set to spin off its ice cream business, home to beloved brands like Ben & Jerry’s and Magnum, in a cost-cutting move that w...
- Amazon reassessing some India experiments: Manish Tiwary; US tech layoffs may increase demand for EB-5 visasTiwary added that the technology giant would double down on its investments business-to-business (B2B) marketplace, pharmacy, grocery and s...
- Consumer MNCs plan to go big on India next yearThe focus on India comes at a time when companies such as PepsiCo, Coca-Cola, General Mills, Walmart and Amazon have announced downsizing o...
- Scoop: HUL & others in talks to buy Oziva; Swiggy may sack 250 employees this monthOziva, which sells nutrition and fitness products across categories such as women’s health, skin, hair, men’s health and general wellness, ...
- Demand scenario to become clearer by September quarter: Sanjiv Mehta, chairman, Hindustan UnileverThe September quarter will be a good test to assess underlying demand, especially of discretionary items such as beauty, skincare and hair....
- Amid paycuts and layoffs, some companies chose to shield staff during the Covid stormTata Consultancy Services (TCS), Wipro, and Infosys have deferred hikes. Reliance and Oyo have cut pays.
- Some sunshine from FMCG, durables companies amid gloom & doomThe maker of Lux soap and Lipton tea, which employs about 21,000 people and reported a 7% decline in volumes for the March quarter, said it...
- Hindustan Unilever mulls job cuts, extent of layoffs could be between 10% and 15%The company employs 18,000 people across factories and offices in India, according to its 2015-16 annual report, including more than 1,500 ...
- Indian innovations relevant in Europe now, says Unilever CEO Paul PolmanLearnings from India such as lower price points for products in smaller packages, or sachets, is gaining acceptance in Europe, says Paul Po...
- MNCs announce 71,000 job cuts globally by more than a dozen multinationalsCompanies to have confirmed massive job cuts include HP, Nokia, Sony Corp, Yahoo, PepsiCo, Royal Bank of Scotland and airline firm Lufthans...
- Desi dose: India Inc loves itMove over MNCs, desi companies are the flavour of the season. Promoter-run companies with global ambitions are managing to woo the big wigs...
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