Volkswagen Group CEO Oliver Blume on Sunday defended plans for large-scale cuts at the German automobile giant.Blume said the current economic situation was "so serious that we can't simply continue…
NEW DELHI: Goldman Sachs plans to reduce its workforce, cutting several hundred as part of the company's yearly evaluation process, which focuses on identifying and addressing underperforming employees.The financial institution…
NEW DELHI: Reliance Industries Ltd has reduced its workforce by 11% in FY24 in its cost-efficiency bid with the retail segment witnessing the highest number of job cuts, according to…
MUMBAI: The labour ministry has issued a notice to Paytm for alleged forced termination of employees without a fair exit process, industry and employee sources told TOI. The notice, understood…
BENGALURU: Tata Sons chairman N Chandrasekaran said even as AI will enhance productivity, it may also result in job losses. "It's a mixed bag. We need to reskill and upskill…