Once known for hiring hundreds of thousands every year, five of India’s top six information technology services companies reported a reduction of 73,600 in their total headcount in the last fiscal yearHCLTech, the third largest, was the only exception among the top six, as it added 1,537 employees in the year ended March 31, even as Tata Consultancy Services, Infosys, Wipro, Tech Mahindra and LTIMindtree reported a fall in their headcount. After accounting for the addition at HCLTech, the...
Alphabet's Google trimmed an unspecified number of employees from its workforce, a move it stated is part of a wider restructuring intended to simplify operations and increase efficiency.
New data show the corporate pay gap is widening — now lawmakers are proposing a crackdown.
The restructuring plans were due to reduced demand, not external factors like the labour market situation, the company said.
The job cuts continue at Google and Rivian as both companies further trimmed their workforces Wednesday, part of a larger trend of layoffs in the tech industry this year. Google laid off an unspecified number of workers, though the cuts were not company-wide. The company classified them as a reorganization that was part of the normal course of business. Affected employees will be able to apply for internal roles. Google did not confirm or deny a report from Business Insider that teams in...
SALEM, Ore. — The Salem-Keizer school board and administration are preparing for $71 million in cuts in next
Paramount Global Chief Executive Bob Bakish is expected to be ousted from the company, according to two sources familiar with the matter. Bakish's departure comes as Paramount's future hangs in the balance. The company is currently in a 30-day exclusive negotiating period with tech scion David Ellison, whose Skydance Media has teamed up with investment firms RedBird Capital and KKR to acquire Paramount controlling shareholder Shari Redstone's National Amusements holding company. That exclusive...
Trib Total Media of Pittsburgh reports UPMC is cutting 1,000 jobs because of post-pandemic challenges. Vice President and Chief Communications Officer Paul Wood said the reductions will impact just over 1% of UPMC’s more than 100,000-member workforce systemwide. He said layoffs primarily are taking place among non-clinical, administrative staff who don’t deal directly with patients. […]
Boeing has been mired in a safety crisis since a door plug blew off a 737 Max 9 in early January.
Toshiba Corp is considering cutting thousands of workers in Japan as part of efforts to reduce costs and improve business efficiency, sources familiar with the matter said Wednesday. The job cuts, mainly targeting the company's back-office departments, are expected to be included in its business strategy due to be announced
The budget also includes millions for Canada's film and music industry and
The CEO of Google’s AI division DeepMind Demis Hassabis reportedly the company was likely to spend north of $100 billion developing artificial intelligence technology.