Tag: Lay off

Cisco Systems

Cisco Systems to lay off 1,100 more staff

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…]

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…]

Snapdeal increases authorised capital from Rs 10 lakh to Rs 15 crore

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…]

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