Monday, 3 October, 2022
TopicJob cuts

Topic: job cuts

Disney cuts 4,000 more jobs, workforce shrinks by over a tenth since Covid hit

The number of layoffs in the first half of 2021 went up to 32,000. Most of these job cuts were at Disney’s parks and experiences, which were forced shut due to the pandemic.

Disney slashes 28,000 workers in one of biggest layoffs of Covid era

The belt-tightening move affects Disney's theme-park, cruise-line and retail businesses, and includes executives and salaried employees.

Raymond is cutting jobs as people are not wearing suits, business clothes due to WFH

Raymond is reducing jobs, rents, and marketing costs to decrease expenses by as much as 35% for 2020-21, Gautam Hari Singhania says.

Covid has led to companies downsizing. Three things you can do to avoid being laid off

Good work is simply not enough to stay employed, especially during a crisis. These are the times when your professional relationships play an important role.

Swiggy could shut many of its cloud kitchens, lay off over 500 workers as sales slump

Layoffs are likely to take place next month from the cloud kitchens across 10 tier 1 and tier 2 cities, which operate Swiggy-owned Homely and The Bowl Company.

One of India’s largest employment generators likely to create 1.6 million fewer jobs

SBI's estimate that the govt and low-paying sectors would have fewer jobs is bad news considering the high unemployment rates and the economic slowdown.

Walmart fires more than 50 staff in India but denies exit plans

The job cuts come as competition grows fiercer in the local retail market with Amazon stepping up investment and Mukesh Ambani preparing to roll out his e-commerce venture.

Little sparkle at Sivakasi fireworks units after demonetisation, GST & cracker ban

No job cuts, but Tamil Nadu’s firecracker factories reduce production and slash wages of workers; allied industries like packaging and transport also hit.

Fewer footfalls & fall in demand take a toll on Mumbai’s jewellery workforce

Ahead of Diwali, showrooms in Zaveri Bazaar are unusually quiet as thousands of artisans go back home to West Bengal due to job cuts.

‘India needs to modernise manufacturing, should not be averse to automation’

Ministers Suresh Prabhu and Piyush Goyal quell fears about job cuts, say technology could create new opportunities.

On Camera

YourTurn

Illustration by Prajna Ghosh | ThePrint

Over 38% inmates in Indian jails are OBCs, 10% increase in a decade, study finds

Religious minorities, specifically Muslims and Sikhs, have been overrepresented among prison inmates for years now, but there have been some shifts in the last decade, NCRB data shows.
A man counts Indian currency notes inside a shop in Mumbai, India | Reuters/Francis Mascarenhas

RBI tells state refiners to reduce dollar buying in spot market, contain sharp fall in rupee

RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.

Defence

Naval Group & IIT Goa signing agreement to extend partnership on 28 September | Twitter @navalgroup

France’s Naval Group, IIT Goa extend R&D deal for underwater surveillance, submarine imaging

Agreement will act as catalyst for improving analysis of data collected by underwater sensors through application of neural systems & AI.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
×