A ‘rebalancing’ of the workforce seems to be underway at IBM if media reports are to be believed. The company is quietly letting go thousands from its workforce, and that too at the senior level. Those affected reportedly belong to the sales, programmers and support teams. The Register has reported that employees are bound by [...] The post Is IBM quietly trimming its workforce? appeared first on HR Katha ..read more

The 7.5 lakh employees of Accenture worldwide can now expect promotions in the month of June instead of December. The promotions have been delayed by six months because the company feels June is the time it is able to get a fair idea of its clients’ expectations, demands and plans. Employees got to know of [...] The post Accenture to announce promotions in June instead of December appeared first on HR Katha ..read more

Northvolt, the Swedish battery manufacturer is contemplating trimming the workforce as part of cost-cutting measures. The company has already put on hold production of cathode-active material at its Swedish gigafactory, which was launched in 2021, but is struggling to achieve full production. The workforce here is about 3,500-strong. In total, the company has more than [...] The post Northvolt may cut jobs as cost-cutting measure appeared first on HR Katha ..read more

IBM, the American tech multination, is trimming its workforce in China. It is doing away with its research and development (R&D) activities in the country. That means, it is shutting down its China Development Lab and China Systems Lab. The move will affect at least a thousand employees across Beijing, Shanghai and Dalian. The impacted [...] The post IBM is trimming workforce in China, laying off 1,000 appeared first on HR Katha ..read more

Not only has Sephora, the cosmetics retailer been struggling with its operations in China, some of its senior executives have also quit, adding to its woes. The company is reportedly reducing its workforce in China by three per cent. Those in the office and store have been most impacted, while the other employees have also [...] The post 3% to be laid off by cosmetics retail firm, Sephora in China appeared first on HR Katha ..read more

As part of an attempt to streamline the operations of its software and services unit, General Motors is laying off over one thousand employees, globally. This means, the 76,000-strong workforce of GM will be trimmed by about 1.3 per cent. The impacted employees include 600 from the American multinational automotive manufacturing company’s tech campus near [...] The post General Motors lets go 1,000 from global workforce appeared first on HR Katha ..read more

As part of a realignment or restructuring exercise, Mastercard, the payments network, is going to trim its global workforce by three per cent. That means, about a thousand employees may be rendered jobless by the end of September 2024. Most of those impacted will be notified by 30 September. The restructuring exercise is expected to [...] The post 1,000 employees at Mastercard to be laid off by 30 Sept. appeared first on HR Katha ..read more

Dell Technologies has announced a major restructuring and reorganising exercise, which will lead to its global workforce being trimmed by 10 per cent. That means, about 12,500 employees may be rendered jobless. The company is looking at increasing its focus on artificial intelligence (AI) products and services, and hopes to make its workforce leaner. Teams [...] The post Dell restructuring leads to at least 12,000 job cuts appeared first on HR Katha ..read more

Intel is trying hard to save costs even if it means reducing its workforce by at least 15 per cent. Yes, Intel will let go over 15,000 of its team members, which will result in cost savings of about $10 billion for 2025, as per media reports. The current workforce strength of the chip maker [...] The post Intel to cut 15,000+ jobs; trim workforce by 15% appeared first on HR Katha ..read more

Match Group, parent company of Tinder, is set to trim its workforce by six per cent. This also means, it will stop live-streaming services on its dating apps, following pressure from investors to bring about changes. Starboard Value, activist investor recently built a 6.6 per cent stake in Match Group, pushing the company to consider [...] The post Parent company of Tinder to lay off 6% of workforce appeared first on HR Katha ..read more