YES Bank, a private sector lender, has reportedly started a restructuring exercise resulting in the layoff of at least 500 employees, with the potential for further layoffs shortly. These recent layoffs have affected various sectors within YES Bank, including wholesale and retail operations, but the...
Interview: Bruce Tulgan talks about recent layoffs by high-profile companies and says they are not a sign of economic downturn, but have been happening all alongROBERT SIEGEL
Nov. 25, 2022: Spectrum Pharmaceuticals:The biotech is ending the year as it started it—with a round of layoffs. A recent75% reductionin its R&D workforce was prompted by a complete response letter from the FDA that provided the final nail in the coffin for Spectrum's lung cancer candidat...
Days afterTwitter'snew bossElon Muskslashed half his company's workforce, Facebook parentMetaannounced its most significant round of layoffs ever. Meta said on Wednesday that it's eliminating13% of its staff, which amounts to more than 11,000 employees. Last month, Meta announced a second str...
From widespread layoffs in K12 education and training organisations to recent news of “personnel optimisation” and “downsizing” at several large internet companies, the impact of economic and policy shifts on the labour market is gra...
Despite those reductions in the nation's labor force, the number of recent layoffs hasn't been significant enough to make a dent in the overall job market. Historically speaking, layoffs are still relatively low, hiring remains solid and the unemployment rate is still consistent with a healthy ...
From downgraded forecasts to layoffs to cyber-attacks, the Estée Lauder Cos. faced numerous challenges in 2023. Perhaps the toughest came from China, where for years it successfully rode the wave of the country’s beauty boom, selling buckets of hero products like Estée Lauder Advance Night Re...
This year was hard on everyone, and CEOs tasked with leading companies through the endless challenges and chaos of 2020 were no exception. Amid layoffs and furloughs, pivots, and abrupt adaptions to remote work, some leaders rose to the occasion and guided their workforces with a ste...
aslayoffs have targeted those teamsand companies have failed to make meaningful progress on the commitments they made in 2020. Large tech employers like Google and Meta havechipped away at their DEI workin recent years, trimming headcount and scaling down programs focused on the recruitment and car...
makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie makerMattel,PayPal,Cisco,Nike,Estée LauderandLevi Straussare just a few of the firms that have cut jobs in recent ...