layoff
HSBC could announce the beginning of the latest cost-cutting drive and job cuts when it reports third-quarter results later this month.
HSBC to cut up to 10,000 jobs in drive to slash costs: report
07 Oct 2019 9:46 AM

The plan represents the lender’s most ambitious attempt in years to cut costs.

Passenger vehicle sales in July fell at the fastest pace in nearly two decades. (Representational Image)
Auto companies in India cut more jobs, halt production to tackle slowdown
30 Aug 2019 12:00 PM

Automakers, component manufacturers and dealers had already cut 350,000 jobs.

The auto sector has been on a downhill since the past 18 months.
Auto gloom: More layoffs coming in temp, sales, R&D sides
14 Aug 2019 6:30 PM

The sector has already culled 3.5 lakh jobs since April.

The auto sector, which contributes more than 7 per cent of India’s GDP, is facing one of its worst downturns. (Photo: Representational/AP)
Tens of thousands losing jobs as India's auto crisis deepens: sources
07 Aug 2019 10:54 AM

Automakers, parts manufacturers and dealers have laid off about 350,000 workers since April.

The stock is currently trading nearly 2 per cent below the IPO price.
Uber lays off 400 employees in marketing team
30 Jul 2019 9:11 AM

As of December 31, Uber had 22,263 employees, with 1,951 employees in sales and marketing team.

The company’s shares were down 9.3 per cent at 31.4 rand, off an earlier low of 28.7 rand.
ArcelorMittal to cut more than 2,000 jobs, shares drop
10 Jul 2019 3:37 PM

The company expected headline results to fall by at least 650 million rand (USD 45.78 million) in the first half of its financial year.

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