Computer hardware company IBM or International Business Machines Corp recently announced that it is planning to lay off an unspecified number of employees across five states in the United States. Incidentally, this is the first time the global tech giant is executive layoff exercise under the new Chief Executive Officer Arvind Krishna’s leadership. The company…
IKEA-backed home design and decor startup Livspace has recently laid off 15% of its workforce as coronavirus turmoil impacts the company’s business. The company has also cut its expense by 25-30% in order to save itself from further losses. The recent development comes just a month after the company said that it had not resorted…
Ride-hailing giant Uber has been witnessing a series of layoffs across departments of the company due to the coronavirus impact on the business. Recently, the company had announced that it is laying off 3,700 employees globally to save costs. Following the footsteps of its parent company, Uber’s subsidiary in Middle East Careem has now announced…
As the coronavirus pandemic takes a toll on businesses around the globe, job cuts have started to become a common cost-cutting measure by organizations. Recently, according to a BBC report, British Airways is expected to announce the suspension of about 36,000 staff. It is being reported that International Airlines Group-owned British Airways has reached a…
The novel coronavirus has started taking a toll on businesses and jobs. The impact on the global economy is already being estimated as being far more severe than we saw during the global recession of 2008. By the looks of it, and as per industry experts we’re already amidst an unemployment crisis, which is expected…
Walmart Inc, the world’s largest retailer, has laid-off more than 50 of its India executives as part of its restructuring efforts in the country. According to a Reuters report, citing Krish Iyer, President and CEO of its India unit, about eight senior management executives were also fired. The move clearly signals the struggles Walmart is…