Amidst an unemployment crisis across the nation, online fashion store Myntra announced that it has hired about 5,000 employees for its supply chain and customer care department. The recent hiring at the ecommerce company is done to support its 12th edition of “End of Reason Sale”. It is also worth noting that this will be…
Amidst an unemployment crisis across the world, Subway Restaurants recently announced that its local Franchise Owners seek to hire approximately 50,000 jobs in North American restaurants. The recent development at Subway further deepens the brand’s community connections as its restaurants can be found in almost every community across the U.S. and Canada, and directly addresses…
London-based multinational investment bank HSBC recently said it is resuming plans to cut around 35,000 jobs which it put on hold after the coronavirus outbreak. The company has also said that It will also maintain a freeze on almost all external hiring. The decision was announced by Chief Executive Noel Quinn said in a memo…
Luxury hotel chain Hilton Worldwide recently said that it would reduce its corporate workforce by 22% due to the impact of the coronavirus pandemic on the hospitality industry. The move is expected to impact about 2,100 employees globally. The hospitality industry has been amongst the worst affected due to the coronavirus pandemic and subsequent lockdowns.…
Sweedish automobile manufacturer, AB Volvo recently said it plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020 due to the effects of the COVID-19 pandemic. The recent development at Volvo follows a similar measure taken by fellow truck maker Scania to reduce jobs due to the coronavirus pandemic.…
Singapore-based ride-hailing company, Grab recently announced that it will be laying off 360 employees or about 5% of its workforce. The decision was announced by company Co-founder and CEO Anthony Tan in an internal letter to employees. However, putting speculations about more layoffs aside, a company spokesperson said that the company will not shut down…
Chinese internet giant and TikTok parent company, ByteDance recently said that it plans to discontinue two of its social media platforms Vigo Video and Vigo Lite in India. The company has reportedly asked its users from its biggest overseas market to move to TikTok. In its message to users on Vigo apps today, ByteDance said…
German charter airline company Condor will slash up to 25% of its workforce to reduce costs and recover its business which is severely impacted by the coronavirus pandemic. The announcement was made by the airline’s Chief Executive Officer Ralf Teckentrup while speaking to German newspaper Frankfurter Allgemeine Sonntagszeitung weekly. “Like other airlines, we will have…
Construction and earthmoving equipment manufacturer JCB India recently said that it has laid off about 400 permanent employees in order to align its workforce with the decline in demand due to the pandemic. As per a PTI report, the company said that the demand for its products dropped by a whopping 80% during May and…
British oil giant, BP has recently said that it plans to cut about 15% of its global workforce or 10,000 jobs in response to the coronavirus crisis. The company is also attributing the downsizing to its Chief Executive Officer Bernard Looney’s ambitious plan to reform the company into a renewable energy major. In a global…
British luxury car manufacturer Bentley Motors recently announced that it is planning to lay off a quarter of its workforce, or about 1,000 jobs due to the impact of the coronavirus pandemic on the automobile industry. With the recent announcement, Bentley is the latest premium British firm to make significant job cuts following the coronavirus…
Data storage company Seagate Technology recently announced that it is laying off 500 employees across 12 countries as part of a cost cutting strategy. The laid off employees make up about 1% of the company’s global workforce, according to a regulatory filing. The development was first reported by the Business Journal. However, when the news…
Textile and apparel manufacturer Raymond has recently laid off about hundreds of employees across departments in a cost-cutting drive amid coronavirus pandemic. According to a Business Insider report based on a viral Reddit blog post, the layoffs began as early as February as the group debt was already too high and a slowing economy was…
World’s largest public relations firm Edelman recently announced that it is reducing its global workforce by 7% as the coronavirus pandemic impacts business severely. The recent development comes just three months after CEO Richard Edelman promised employees of secured jobs during the pandemic. In a virtual town hall to staff, Richard said the consultancy is…
Non-banking financial company Home Credit India recently said that it has laid off about 1,800 employees due to the current coronavirus pandemic. The company through an official statement said, “The unprecedented coronavirus pandemic has affected every aspect of our life. It has impacted each one of us, our families, our customers, partners and businesses. These…