Decade-old question and answer based startup Quora, has recently announced that it will be laying off staff from its Bay Area and New York offices. The announcement was made by the company CEO on the website. In the statement, Chief Executive Officer Adam D’Angelo wrote that the layoffs and “organizational changes” were being pursued in…
Automobile manufacturer General Motors is currently planning to lay off around 1,500 employees in Thailand by June this year. The recent development comes after the company had announced the sale of its production plants in the country. According to a Reuters report, General Motors on Monday said that it would sell its two plants in…
HSBC (The Hongkong and Shanghai Banking Corporation) Holdings Plc recently announced that the bank will witness a major overhaul that would reduce the number of staff to 200,000 from 235,000 over the next three years. The announcement comes after the bank reported that it has missed the pre-tax profit expectations after the bank took a…
Leading solar rooftop solutions provider Vikram Solar has reportedly decided to lay off 320 employees from one of its manufacturing facilities at Falta in the state of West Bengal. The recent layoffs come just ten days after industry veteran Saibaba Vutukuri took charge as the Chief Executive Officer. Through the means of a media statement,…
Cab aggregator Ola is in the process of laying off some of its employees to cut down losses. The layoffs include senior managers as well as mid-level employees. As per a report in Entrackr, the company is in the process of laying off 20 percent of its employees. The layoffs are part of the company’s measures…