'By the afternoon, he was locked out of Slack, email, and finally his laptop,' said an Oracle engineer who was not among the 12,000 employees laid off by the company in India.
A judge in Baltimore ruled 18 agencies violated regulations, while another San Francisco court ordered reinstatement of those fired from departments of defense & agriculture, among others.
The terminations are part of the dept's 'final mission,' which oversees $1.6 tn in college loans, enforces civil rights laws in schools & provides federal funding for needy districts.
Companies treat layoffs as a cost-cutting instrument to boost performance and expect to be rewarded by stock markets. But evidence contradicts this notion.
LPG supply eased for more industries, govt says coal gasification is next growth avenue. Centre welcomes US-Iran ceasefire but asks Indians to leave Iran.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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