Global networking giant Cisco Systems would extend its restructuring plan to lay off 1,100 more staff. Earlier, Cisco Systems had earlier announced the restructuring plan in August 2016 to reinvest in “key priority areas.” It had a plan to lay off up to 5,500 staff, or 7 per cent its[Read More…]
Tag: Lay off
IT lay off is ‘normal’, essential to counter industry slowdown: Mohandas Pai
After a substantial lay off by IT majors, the sector was taken aback by the vulnerability of their job security. However, an expert has branded it as a regular restructure, essential to counter industry slowdown. It was a phenomenon that is taken up every three to five years, said IT[Read More…]
Large-scale layoff in IT firms due to digitisation
Those working in IT giants of India are facing serious crunch due to the recently executed large-scale layoffs. While this comes soon after the industry slowed down in growth, giants ranging from Infosys to Cognizant, almost all are witnessing the crunch. As per reports, the layoffs are attributed to growing[Read More…]
Tata Teleservices fires over 500 employees
Snapdeal to lay off 600 employees
Snapdeal Indian e-commerce company based in New Delhi will lay off around 600 people across its e-commerce, logistics and payments operations over the next few days, reports say. According to reports, the company has already started the process last week and will lay off 500-600 people across Snapdeal, Vulcan (logistics)[Read More…]