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...
Consumer goods giant Unilever may be forced to hold on to part of its multibillion-pound ice cream operations as the business' massive size makes it difficult to offload.
Ben & Jerry’s independent board said it won’t stop overseeing the “social mission” of the brand even if parent company Unilever Plc sells or spins off the ice cream unit. There is a “firmly established framework” that will “remain intact” to protect the integrity of a brand known for promoting progressive causes, said the board, which has had a fractious relationship with Unilever in recent years. Led by Anuradha Mittal, the board told Bloomberg News that it’s here to stay and has played a key...
DOTHAN, Ala (WDHN) -- The Circle City will soon have a new one-stop shop for cold treats. Jeremiah's Italian Ice of Dothan will open at 2650 Ross Clark Circle, across from Southside Lowes. A post on the official Facebook page of Jeremiah's Italian Ice of Dothan says the owners hope to open for business between []
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.
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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...
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It is unlikely that the Fed will cut rates at all this year; and, if inflation stays hot, it may find that it will need to begin a new cycle of rate hikes sometime next year.