Layoff News

ICICI Bank: Employee Notice Period Reduces to One Month

Layoffs

ICICI Bank has reduced the employee notice period to one month from the existing three months - Private lender ICICI Bank has informed their employees, the reduction in notice period to 30 days in case of resignation. The new rules will be ...

Shoppers Stop Lays off 1,100+ Employees

Layoffs

Retailer Shoppers Stop Lays off 1,100+ Employees in India - the country's oldest retail store chain Shoppers Stop, is about to lays off more than 1,100 employees and closing some stores due to lower sales and bleak future demand outlook due to ...

Emirates Airline Sacks 600 Pilots in a Day

Layoffs

Emirates Airline Sacks 600 Pilots - Emirates, the state-owned Dubai-based airline has sacked 600 pilots. This is the one of the largest layoffs in the airline industry. The layoff also include many of the Indian Pilots who joined the Emirates from ...

BharatPe Laid Off Several Employees

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BharatPe, an online fintech firm has laid off employees to reduce expenses in the slumping business hours. It is learnt that BharatPe has laid off 40 individuals with the generic reasons that they were “under-performers”. The laid off employees ...

Infosys to Cut Multiple Senior Roles

Layoffs

Infosys to Cut Multiple Senior Roles, majorly in the workforce at senior levels of job level (JL) 7 and above as well as those in the ranks of delivery managers, AVPs, VPs and SVPs in a staggered manner. Infosys is restructuring the company's higher ...

MakeMyTrip Lays off 350 Employees

Layoffs

Travel website MakeMyTrip Lays off 350 Employees - Travel and ticket booking platform MakeMyTrip.com has decided to lay off 350 employees due to lower business growth outlook. MakeMyTrip said that it was unclear when the travel industry, which has ...

Renault Announces 15,000 Job Cuts worldwide

Layoffs

French carmaker Renault announces 15,000 Job cuts - French carmaker Renault announced 15,000 layoffs worldwide to boost its profitability due to lower sales of its vehicles. The overall cuts would affect just under 10% of Renault's 180,000 global ...

Cognizant to Layoff 400 Senior Executives

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Cognizant is planning to lay off around 400 executives in the ranks of directors, senior directors, associate vice presidents, vice presidents. The layoff is planned under Cognizant's "realignment programme”. The severance package has been reduced ...

Top Indian Startups with Maximum Layoff

Layoffs

Check out the list of top Indian startups with maximum Lay off - The majority of the Indian startups struggling to survive the coronavirus impact, have been laying off its workforce. Let's have a look at the list of top fame startups with highest ...