Dutch tech company Philips announces to cut 6000 jobs globally. Company aims to restore its profitability and improve safety of its products following a recall of respiratory devices knocking off 70% market value. Half of the job cuts will be made this year, the company said on Monday, adding that the other half will be realised by 2025.
Google has declared that it will remove 12,000 jobs from its workforce in 2023 After Musk took over the social networking site, over 3700 workers—more than 50% of workforce were let go The quick delivery service platform Blinkit, formerly known as Grofers, let go more than 5% of its staff, or about 1600 people
Every one in four Indians is concerned about the threat of job layoff while three out of four are worried about rising inflation. Three out of four people are worried about the rising inflation and want the government to introduce decisive measures to tackle the same. This is relatively higher in the affluent (32 per cent ), older 36-55 year-olds (30 per cent) and salaried classes (30 per cent).
Goldman Sachs sacked more than 3,000 employees in disguise of business meetings as early as 7.30 a.m: Report. Once the employees arrived at the conference room -- some as early as 7.30 a.m. -- they were told by their managers that they were being fired. Those sacked were given the choice to leave the office immediately or wait for colleagues to arrive so they could say goodbye.