workforce reduction News

Significant Workforce Reduction: Top 5 IT Giants Slash 2,600 Jobs in Q4 Amid Automation Surge

India's IT sector sees a structural shift with a significant reduction in workforce among top firms due to automation. Infosys and HCLTech buck the trend, adding employees, while o...

Tech Mahindra Reports a 1% Revenue Increase in December Quarter Amidst Challenges

Tech Mahindra reports a 1.3% year-on-year revenue growth in the December quarter, with a slight increase in sequential revenue. CEO Mohit Joshi emphasizes strategic wins and operat...

BP Announces Major Workforce Reduction: 4,700 Jobs and 3,000 Contractor Positions to Be Cut

BP plc is set to reduce its global workforce by 4,700 employees and cut 3,000 contractor positions as part of its cost-cutting strategy. The company anticipates a drop in fourth-qu...

Wayfair Announces Strategic Exit from German Market to Focus on Core Regions

Wayfair Inc. announces its withdrawal from the German market to focus on core regions like Canada, the UK, and Ireland, citing the need to realign resources for greater impact. Thi...