Klarna Group Plc’s co-founder and CEO, Sebastian Siemiatkowski, has admitted the fintech giant’s aggressive use of…
Tag: cost cutting
Allen Career Institute lays off staff amid declining student enrolments
Kota-based Allen Career Institute, a prominent coaching centre that prepares students for medical and engineering entrance…
Intel Resumes Free Coffee, Tea Services After Laying Off 15,000 Employees: Reports
Intel has announced to bring back free coffee and tea for its employees after slashing a…
India’s IT services firms tighten their wage belts. But are they getting fitter?
Unperturbed, IT services companies are replacing their middle and senior executives with junior employees and investing…
This Binny Bansal-backed firm is upskilling to keep sailing in edtech downturn
Binny Bansal-backed PlanetSpark is expanding its focus beyond school students to include white-collar workers, as upskilling…
RIL softens hiring in retail, telecom, cuts duplication
MUMBAI/NEW DELHI : Reliance Industries Ltd is rolling out a cost-efficiency drive across its units Reliance…
Rivian beats quarterly revenue estimates on high-priced EV sales
Last Update: May 10, 2023, 06:16 IST Shares of Rivian, which also cut costs during the…
Twitter to lay off at least 50 to cut costs, eighth round from October: Report
Last Update: February 26, 2023, 16:31 IST In early November, Twitter laid off about 3,700 employees…
Ericsson will cut 8500 jobs, around 8% of its total global workforce: All the details
Last Update: February 25, 2023, 08:52 IST Ericsson provides equipment for high-speed 5G wireless networks. Swedish…