Xiaomi India, the Chinese smartphone brand is reducing its workforce to less than 1,000 employees due to a reorganisation, a decline in market share, and increased scrutiny from government agencies, according to current and former employees of the company. At the beginning of 2023, Xiaomi India had employed around 1,400 to 1,500 people, but in […]
Alibaba Group Holding Ltd’s, cloud unit has started a round of downsizing that will impact 7 per cent of the staff as it streamlines its business in preparation for an IPO, a source familiar with the matter said on Tuesday. The cloud unit has started to offer severance to employees, the source said. Alibaba did […]
Chipmaker Intel is looking to make more job cuts as it navigates the macroeconmic environment on the back of a record Q1 loss of USD 2.8 billion on USD 11.7 billion in revenue, a 36 per cent year-on-year (YoY) decrease. The jobs cuts aren’t exactly a surprise as Intel had already announced plans to cut […]
Walmart is laying off more than 2,000 workers at five US warehouses that fulfill website orders, weeks after America’s largest private employer warned it’s in for a tough year ahead, CNN Business reported on Tuesday. The retail giant is cutting more than 1,000 jobs in Texas, 600 jobs in Pennsylvania, 400 in Florida and 200 […]
McKinsey and Co plans to eliminate thousands of positions, adding the consulting giant to a wave of companies that are cutting corporate jobs, according to The Wall Street Journal. The firm, which is known for helping companies streamline their operations, could shed as many as 2,000 jobs in what would be one of its biggest […]
