French carmaker Renault recently acknowledged that its global ambitions had been unrealistic and it is going ahead with a restructuring exercise. According to a Reuters report, the automobile manufacturer is planning to cut about 15,000 jobs, shrink production and restructure French plants. Owing to the declining sales due to the coronavirus pandemic, the company announced…
Bengaluru-based scooter rental startup Bounce has recently laid around 20% of its workforce in as a cost-cutting measure, as an Entrackr report. Most of these lays are from mid and senior-level with high salary packages. According to the report, the company has decided to let go of about 120 employees primarily from an internal project…
Last week during the HP’s 2019 Securities Analyst Meeting (“SAM”), the company provided details on its strategy and opportunities for long-term growth, along with its financial outlook for fiscal 2020. HP Inc. announced a fiscal year 2020 restructuring plan to simplify its operating model and become a more digitally enabled company. The company expects to…