News for 'Job Cuts'

Sensex rises 419 pts to close above 81K

Sensex rises 419 pts to close above 81K

Rediff.com4 Aug 2025

Among Sensex firms, Tata Steel, BEL, Adani Ports, Tata Consultancy Services, Tech Mahindra, Bharti Airtel, HCL Technologies, Trent, Mahindra & Mahindra, Reliance Industries, UltraTech Cement and Larsen & Toubro were the major gainers. However, Power Grid, HDFC Bank, ICICI Bank, Hindustan Unilever were among the laggards.

'Jobs Have To Be Created Everywhere'

'Jobs Have To Be Created Everywhere'

Rediff.com25 Jul 2024

'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'

Cabinet clears Ahmedabad as 'ideal host' for 2030 CWG

Cabinet clears Ahmedabad as 'ideal host' for 2030 CWG

Rediff.com27 Aug 2025

"Commonwealth Games in India would leave lasting impact by boosting tourism, and creating jobs, the Government said in a statement.

India's energy sector battles taxes, global turmoil

India's energy sector battles taxes, global turmoil

Rediff.com13 Oct 2025

India's brittle energy security is inextricably linked to two opposing paradigms - fossil fuels, and the transition to green energy. The first powers the present; the second paves the way for Viksit Bharat in 2047.

Study US: Money-Saving Tips for Students

Study US: Money-Saving Tips for Students

Rediff.com24 Jul 2025

Gaurav Batra, founder and CEO Infinite Group, suggests smart tips to help you reduce living and transportation costs while studying in the US.

Nirmalaji, Streamline GST Assessment Machinery!

Nirmalaji, Streamline GST Assessment Machinery!

Rediff.com23 Sep 2025

'It must become faceless, just as the entire direct tax assessment system has already become fully online, without any human intervention in the normal course,' recommends A K Bhattacharya.

Trump's $100K H-1B visa hike hits Indian workers hard

Trump's $100K H-1B visa hike hits Indian workers hard

Rediff.com20 Sep 2025

The Trump administration has announced a massive increase in H-1B visa fees, imposing a $100,000 annual charge that will fundamentally alter how American companies hire skilled foreign workers, particularly impacting Indian IT professionals who comprise the largest group of beneficiaries.

UBS to cut 200 jobs in US brokerage unit

UBS to cut 200 jobs in US brokerage unit

Rediff.com26 Mar 2010

Attributing to people familiar with the development, The Wall Street Journal reported that UBS AG's brokerage unit in the US is laying off nearly 200 employees, including about 25 managing directors.

Nishaanchi Review: Wasseypur Lite

Nishaanchi Review: Wasseypur Lite

Rediff.com19 Sep 2025

While Nishaanchi is not a homerun for Kashyap, there's enough joy in this audience pleaser, notes Mayur Sanap.

Ashwin slams selectors: 'Unfair' to drop Iyer, Jaiswal

Ashwin slams selectors: 'Unfair' to drop Iyer, Jaiswal

Rediff.com19 Aug 2025

Ravichandran Ashwin on Tuesday expressed disappointment over Shreyas Iyer's exclusion from the Asia Cup squad

Omar Yaghi: The Live-Wire Nobel Laureate

Omar Yaghi: The Live-Wire Nobel Laureate

Rediff.com21 Oct 2025

'It was from him I learnt that if you gave the student the freedom to find his own path, he would be more courageous to experiment.'

Which jobs will go at Cognizant?

Which jobs will go at Cognizant?

Rediff.com7 May 2019

This time, not only would the job cuts be higher, but they would be even more broad-based, encompassing various levels of employees.

Ten dead as torrential rain paralyses Kolkata; Puja holidays advanced

Ten dead as torrential rain paralyses Kolkata; Puja holidays advanced

Rediff.com24 Sep 2025

Heavy overnight rainfall caused widespread flooding in Kolkata, disrupting traffic, public transport, and daily life. Train and Metro services were suspended, and many areas experienced significant waterlogging.

Bank of New York Mellon to cut 1,800 jobs

Bank of New York Mellon to cut 1,800 jobs

Rediff.com21 Nov 2008

Among the plans for headcount reductions in recent times, banking behemoth Citigroup's decision to slash over 52,000 jobs is reportedly one of the largest layoffs in history. The Bank of New York Mellon is the latest to join the league of American companies which have announced massive job cuts in the wake of the ongoing financial turmoil.

'A New Generation Refuses To Be Silent'

'A New Generation Refuses To Be Silent'

Rediff.com12 Sep 2025

'Discontent is deepest among young people.' 'They are weary of inequality, exclusion, and empty promises.'

HSBC to cut 500 jobs, Credit Suisse to lay off 650

HSBC to cut 500 jobs, Credit Suisse to lay off 650

Rediff.com2 Dec 2008

According to the Financial Times, Credit Suisse will be trimming its workforce by 10 per cent leading to job loss for 650 employees, while HSBC said it was slashing 500 jobs. Credit Suisse has been impacted by the loan writedowns, which has led to two quarters of losses for Switzerland's second-largest bank this year, the report said.

It's All About Job Creation, Nirmalaji

It's All About Job Creation, Nirmalaji

Rediff.com1 Aug 2024

'Is the Agniveer scheme or their post-retirement re-employment in paramilitary forces or in the state governments the BJP's answer to the crying need on the job front?' 'Or, even Finance Minister Sitharaman's one-year internship scheme in the public and private sector, is it a permanent solution, either?', asks N Sathiya Moorthy.

Foreign Degree Loses Sheen As Students Question Return On Investment

Foreign Degree Loses Sheen As Students Question Return On Investment

Rediff.com4 Aug 2025

The foreign degree no longer sells itself, families are doing the math, and for many, the numbers just don't add up.

States Seek Centre's Help To Deal With Trump's Tariffs

States Seek Centre's Help To Deal With Trump's Tariffs

Rediff.com2 Sep 2025

State governments have requested the Centre for export incentives, lifting of import duty in the case of cotton for the textile sector and GST exemptions.

What's Pushing India-US Ties To Breaking Point?

What's Pushing India-US Ties To Breaking Point?

Rediff.com16 Aug 2025

The deal fell through over unresolved disagreements over contentious issues, mainly on agriculture and automotive sector tariffs.

Intel to cut 10,500 jobs, India plans intact

Intel to cut 10,500 jobs, India plans intact

Rediff.com6 Sep 2006

The move to cut more than a tenth of its workforce is aimed at streamlining its operations in the wake of tough competition in the computer chip market.

'Too premature to blame pilots based on AAIB report'

'Too premature to blame pilots based on AAIB report'

Rediff.com13 Jul 2025

It will be too premature to draw conclusions on the role of pilots from the preliminary investigation report into the fatal crash of Air India plane last month and the final report will mention about the most probable cause for the accident, former Aircraft Accident Investigation Bureau (AAIB) chief Aurobindo Handa said on Sunday.

Why Are FPIs Selling?

Why Are FPIs Selling?

Rediff.com6 Sep 2025

You can't be the second-most expensive market in the world and deliver just 10 per cent EPS growth, points out Akash Prakash.

The Real Reason For The TCS Layoffs

The Real Reason For The TCS Layoffs

Rediff.com5 Aug 2025

While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.

'Israel Is Weaponising Hunger'

'Israel Is Weaponising Hunger'

Rediff.com9 Oct 2025

'Famine in Gaza is not a failure of logistics or aid. What is to blame is deliberate starvation caused by a brutal war.' 'Any child dying in a war zone is a vote of no confidence against humanity.'

India Needs A Team That Picks 20 Wickets

India Needs A Team That Picks 20 Wickets

Rediff.com8 Aug 2025

'Can Gautam Gambhir almost look at being serious about picking 20 wickets as much as he feels about depth in batting?'

Bakaiti Review: Family Business

Bakaiti Review: Family Business

Rediff.com1 Aug 2025

Unlike the TVF shows that manage to mine humour and nostalgia for family bonds that are seen to be fraying in real life, the ordinariness of Bakaiti becomes its stumbling block, observes Deepa Gahlot.

Cisco to lay off 6,000 people; India may see job cuts

Cisco to lay off 6,000 people; India may see job cuts

Rediff.com14 Aug 2014

Networking solutions giant Cisco will lay off up to 6,000 employees globally, including India, after it reported a marginal decline in profits and revenues for the fourth quarter.

'India Should Reduce Tariffs For All Countries'

'India Should Reduce Tariffs For All Countries'

Rediff.com11 Aug 2025

'That way you're not hostage just to US sort of exports to India.'

CII expects GDP to grow 6.4-6.7% in FY26

CII expects GDP to grow 6.4-6.7% in FY26

Rediff.com3 Jul 2025

India's economy is expected to grow 6.4-6.7 per cent during the current financial year driven by strong domestic demand, even as geopolitical uncertainty poses downside risks, the newly appointed CII president Rajiv Memani said on Thursday.

Facebook parent Meta to slash 11,000 jobs to cut expenses, transform its business model

Facebook parent Meta to slash 11,000 jobs to cut expenses, transform its business model

Rediff.com9 Nov 2022

Facebook parent Meta announced on Wednesday to slash around 11,000 jobs as a part of mass layoffs to cut expenses and transform its business model. As the tech industry is slashing jobs, Meta too announced layoffs. "We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1," said Meta CEO Mark Zuckerberg in a statement on Wednesday.

'BTech From IIT-K. Yet To Get A Job'

'BTech From IIT-K. Yet To Get A Job'

Rediff.com26 Jul 2024

Connect with professionals in your field through LinkedIn, industry events and workshops. Attend job fairs, conferences and meetups to expand your network. Apply for internships or short-term projects to gain practical experience, suggests rediffGURU Aasif Ahmed Khan.

Vedanta Group slashes 4,000 jobs in India

Vedanta Group slashes 4,000 jobs in India

Rediff.com23 Sep 2015

While Vedanta Aluminium, Balco and Cairn India confirmed the job cuts, sources said Sesa Goa too had slashed jobs.

Mohanlal, The Man Behind The Actor

Mohanlal, The Man Behind The Actor

Rediff.com29 Sep 2025

The cheeky young man who once gave me one-word answers grew into a philosophical, detached star yet remained simple and humble, never letting stardom steal his heart, notes Rediff's Shobha Warrier who first interviewed the Dadasaheb Phalke Award winner in 1987.

FC Goa Carry India's Flag into Asia Amid Troubled Times

FC Goa Carry India's Flag into Asia Amid Troubled Times

Rediff.com13 Aug 2025

It will take FC Goa nothing short of a miracle to pull off a win against the Omanis, and a victory will be a the perfect Independence Day present for Indian football fans.

'The Problem With Quick Fixes Is...'

'The Problem With Quick Fixes Is...'

Rediff.com8 Aug 2025

'...they always address problems superficially, never tackling root causes.' 'Currently, the policy response will focus on immediate relief -- getting people to safety, providing facilities, clearing debris.' 'This is necessary, but once immediate relief operations end, everything returns to 'normal' without addressing underlying vulnerabilities.'

Ex-India wicketkeeper Saha set to take up coaching

Ex-India wicketkeeper Saha set to take up coaching

Rediff.com17 Jul 2025

Wriddhiman Saha is all set to enter the coaching arena with Cricket Association of Bengal (CAB) showing interest in hiring him as the head coach of the Under-23 state team.

Trump's Tariffs: India's Second 1991 Moment

Trump's Tariffs: India's Second 1991 Moment

Rediff.com29 Aug 2025

The crisis may not be as visible this time, but the stakes are just as high, points out Rajeswari Sengupta.

The Pujara Story- 11 Blows at Gabba, 7000+ Runs, Zero Hype

The Pujara Story- 11 Blows at Gabba, 7000+ Runs, Zero Hype

Rediff.com24 Aug 2025

In the era of uber-stylish batters, Pujara was that glue that held the Indian batting together for a decade between 2013-14 till 2023 over a period of 100 plus Test matches.

Belgian GP: Norris Pips Piastri To Seal Pole Position

Belgian GP: Norris Pips Piastri To Seal Pole Position

Rediff.com26 Jul 2025

McLaren's Lando Norris edged out championship-leading teammate and Formula One title rival Oscar Piastri to take pole position for what could be a wet and chaotic Belgian Grand Prix on Sunday.