job cuts

Job opportunities in plenty, lack of capability in north Indians: Labour minister Santosh Gangwar

The minister said what’s lacking is skillset and capabilities in north Indians, as there are a number of job opportunities across several sectors.

Sep 15, 2019, 14:48 PM IST

Axe falls on 18,000 Deutsche Bank jobs in USD 8.3 billion reinvention

In a retreat from a decades-long ambition to make its struggling investment bank, which employs 38,000 people, a force on Wall Street, Deutsche Bank said on Sunday it would scrap its global equities operations and cut some in fixed income.

Jul 08, 2019, 19:54 PM IST

GM plants to cut 5,000 South Korean jobs, keep production at current level

The US automaker announced last month that it would shut down a factory in Gunsan, southwest of Seoul.

Mar 02, 2018, 15:45 PM IST

Deutsche Bank to cut up to 500 investment banking jobs: Report

Deutsche's Corporate and Investment Bank had 17,251 full-time employees at the end of 2017.

Feb 19, 2018, 23:54 PM IST

Amazon cutting hundreds of jobs: Report

According to the report, the layoffs are primarily focused on the online giant's consumer retail businesses.

Feb 13, 2018, 00:01 AM IST

Credit Suisse announces 4,000 job cuts amid big Q4 loss

Credit Suisse is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter that includes "substantial charges which are not reflective of our underlying business performance," the bank said Thursday.

Feb 04, 2016, 22:16 PM IST

Half a million jobs to be cut globally! Check out which cos are slashing jobs

We give a list of some of the major companies of the world that are cutting jobs.

Feb 03, 2016, 23:52 PM IST

Ford to cut hundreds of jobs in Europe to boost profitability

US auto giant Ford plans to cut hundreds of jobs in Europe in a bid to strengthen profitability in the region, it said Wednesday, just days after turning in its first annual profit in years.

Feb 03, 2016, 20:26 PM IST

Shell Q2 net profit drops 37%, to cut 6,500 jobs this year

Royal Dutch Shell on Thursday reported a 37 percent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices.

Jul 30, 2015, 14:04 PM IST

1,900 jobs are being axed in this country due to emails

The rapid decline of traditional letters due to emails has led the Australia Post to announce 1,900 job cuts over the next three years, authorities said on Friday.

Jun 26, 2015, 09:32 AM IST

News Corp`s WSJ seeing cuts, shifting resources

The Wall Street Journal and its Dow Jones parent announced Thursday an unspecified number of job cuts and the closing of some foreign bureaus as they shift resources into digital.

Jun 19, 2015, 00:15 AM IST

'HSBC set to cut thousands of jobs globally'

HSBC Holdings Plc is planning to cut thousands of jobs globally and is set to make an announcement next week, Sky News reported on Monday, citing unidentified sources.

Jun 02, 2015, 07:05 AM IST

BlackBerry cuts jobs worldwide as it consolidates businesses

Canadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business.

May 23, 2015, 07:08 AM IST

Schlumberger cuts 9,000 jobs due to low oil prices

Oil services company Schlumberger Thursday said it was firing 9,000 workers due to plunging oil prices that have forced petroleum companies to cut drilling budgets.

Jan 16, 2015, 05:12 AM IST

Australian Broadcasting Corporation to cut 400 jobs

More than 400 jobs could be lost at the Australian Broadcasting Corporation, the head of the organisation said on Monday, after the government cut funding.

Nov 24, 2014, 07:46 AM IST

Ericsson eyes $1.2 bn savings, may cut more jobs

Telecom equipment maker Ericsson is looking at various measures, including job cuts, to increase operational efficiencies and reduce cost by SEK 9 billion (USD 1.2 billion) by 2017.

Nov 13, 2014, 18:56 PM IST

Cisco to lay off 6,000 people; India may see job cuts

Networking solutions giant Cisco will lay off up to 6,000 employees globally, including India, after it reported a marginal decline in profits and revenues for the fourth quarter.

Aug 14, 2014, 17:31 PM IST

Microsoft CEO signals changes, defers talk on job cuts

Microsoft Corp Chief Executive Satya Nadella deferred any comment on widely expected job cuts at the software company on Thursday, after circulating a memo to employees promising to "flatten the organization and develop leaner business processes."

Jul 11, 2014, 00:59 AM IST

JPMorgan to cut 8,000 jobs, lowers 2014 profit target

JPMorgan Chase & Co , the largest U.S. bank, announced thousands of job cuts on Tuesday as the mortgage lending business slows, and said it was lowering its profitability target.

Feb 26, 2014, 09:56 AM IST

AgustaWestland warns of job cuts as India scraps deal

Italian defence group Finmeccanica said on Thursday its AgustaWestland unit welcomed a decision by the Indian government to take part in an arbitration process over a $770 million helicopter deal, but warned of possible job cuts.

Jan 03, 2014, 06:44 AM IST