layoffs

FirstCom Academy suspended for 3 months over non-compliance with SkillsFuture guidelines

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FirstCom Academy suspended for 3 months over non-compliance with SkillsFuture guidelines

SINGAPORE: Training provider FirstCom Academy has been suspended for three months over its non-compliance with guidelines stipulated by SkillsFuture Singapore (SSG). This comes amid layoffs at the company, which focuses on short Workforce Skills Qualifications (WSQ) courses ranging from digital content creation to social media marketing. In a statement on Wednesday, SSG said that it has … Read more

Ola Electric set to lay off 500 employees amid controversies, poor results

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Ola Electric set to lay off 500 employees amid controversies, poor results

New Delhi: Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of an restructuring exercise. The Bhavish Aggarwal-led electric vehicle (EV) company is trying to boost its operational efficiency by reducing redundancies and “drive profitability”, according to multiple reports. The restructuring … Read more

GM lays off 1,000 employees amid reorganization, cost-cutting

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GM lays off 1,000 employees amid reorganization, cost-cutting

The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the … Read more

Can Afford $400-Million Buyback But Still 12% Layoff: Zoho’s Sridhar Vembu Calls Out Firm for ‘Naked Greed’

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Can Afford 0-Million Buyback But Still 12% Layoff: Zoho’s Sridhar Vembu Calls Out Firm for ‘Naked Greed’

Last Updated:November 08, 2024, 18:14 IST Expressing disapproval of companies with large cash reserves that still opt for layoffs, Vembu described such actions as “naked greed”. Sridhar Vembu said a company that holds around $1 billion in cash and reports a 20% growth rate, recently reduced its workforce by 12-13%. In a pointed critique against … Read more

Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

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Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio

A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio. The company, which has been … Read more

VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper

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VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper

Volkswagen’s planned cost-cutting programme was unavoidable in order to remedy “decades of structural problems” at the German carmaker, CEO Oliver Blume said in an interview published on Sunday. “The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at VW,” Blume told Sunday paper Bild am Sonntag. The … Read more

Dropbox Lays Off 20% Employees; Read CEO Drew Houston’s Full Statement

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Dropbox Lays Off 20% Employees; Read CEO Drew Houston’s Full Statement

Last Updated:November 01, 2024, 17:07 IST Dropbox has decided to lay off 528 employees or about 20 per cent of its workforce amid shoftening demand and macroeconomic headwinds in its core business. This is the second round of layoffs at Dropbox after a 16 per cent reduction in staff in April 2023. Dropbox, a US-based … Read more

Meta Fires $400,000 Employee Over $25 Uber Eats Meal Voucher

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Meta Fires 0,000 Employee Over Uber Eats Meal Voucher

Meta fired about two dozen people in the company’s Los Angeles office last week for misusing a $25 dinner voucher over an extended period of time. One employee made $400,000 per year. Meta gives employees a $20 credit for breakfast, $25 for lunch, and $25 for dinner through Grubhub or Uber Eats. Instead of using … Read more

Love, Bonito lays off dozens of staff; roles in Singapore impacted

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Love, Bonito lays off dozens of staff; roles in Singapore impacted

SINGAPORE: Fashion retailer Love, Bonito has cut about 6.9 per cent of its total workforce, or 29 corporate roles globally. Fourteen roles in Singapore were impacted, it said on Thursday (Oct 17) in response to CNA’s query. Impacted individuals will be provided a supportive package that is “in line with local regulations”, Dione Song, CEO of Love, … Read more