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.
Novak Djokovic reached the Wimbledon quarter-finals for the 16th time but it proved a hard day's work at his Centre Court office.
Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge for states run by her party's new coalition partners as she unveiled the Modi 3.0 government's first budget after the general elections.
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.
The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?
'...the auto industry to get back to 7% to 8% annual growth.' 'High growth in the SUV segment alone will not achieve this, as it is a small market.'
'I have faced 18 hours of darkness daily all my life.'
rediffGURU Major Inderpaul Singh (retd) offers career guidance and helps students and individuals handle challenges in their professional lives.
The 9-to-5 structure feels outdated to the Gen Z generation.
Nilakshika Silva's blistering 33-ball 56 powered Sri Lanka to a thrilling three-wicket victory over India in the women's Tri-series, ending a seven-year losing streak against their rivals.
Captain Kevin De Bruyne scored in his penultimate game at Etihad Stadium as Manchester City beat Wolverhampton Wanderers 1-0 on Friday to climb to third in the Premier League and boost their chances of Champions League qualification.
'You think: Did I fail the people I had to let go? Did I promise something I couldn't deliver? That day (when we had to sack 70 people) will stay with me.'
Scottie Scheffler corrected swing issues in time to hold off a spirited effort by Spaniard Jon Rahm for a runaway victory and third career major title.
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.
rediffGURU Shekhar Kumar, senior manager, talent acquisition, at the Shri Venkateshwara University in Gajraula, Uttar Pradesh, offers career advice on how to optimise your skills, build your network and make the most of your workplace.
Her father even called for death penalty for Muskan Rastogi and her lover Sahil who allegedly stabbed Saurabh Rajput to death, cut up his body and sealed the remains in a drum filled with cement.
The Indian industry is paranoid about the USA's plan to impose reciprocal tariffs and wants early conclusion of a bilateral trade agreement, sources said on Wednesday. They said that the talks for the proposed bilateral trade agreement are going well.
Ajay Devgn and Honey Singh are in the mood for Money Money, and Rediff's Mayur Sanap, Hitesh Harisinghani and Afsar Dayatar capture the drama.
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.
Royal Challengers Bengaluru and Virat Kohli washed away 18 years of hurt and disappointment, conquering Punjab Kings by six runs to lift their maiden Indian Premier League title.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Suryakumar Yadav's doughty 73 not out proved to be the difference as Mumbai Indians sealed the fourth and final play-off berth with a 59-run trouncing of Delhi Capitals.
Congress leader Sonia Gandhi's son-in-law Robert Vadra has triggered a row with his comments suggesting that non-Muslims were attacked in Pahalgam because terrorists feel Muslims are being "mistreated" in the country. The BJP has accused him of using the language of terrorists and demanded an apology. Vadra condemned the Pahalgam terrorist attack but suggested that communal issues and a feeling of vulnerability among minorities are contributing to the violence. He said it is time to separate politics and religion and called for introspection by political parties. Vadra's remarks have been met with strong condemnation from the BJP, which accused him of playing politics on the issue and demanded a clarification from the Congress party. The BJP has also criticized Vadra for justifying the actions of terrorists.
'You've got to be quite smart against him. If he gets on a roll, he's pretty tough to stop. As we've seen, he has bowled extremely well'
India and the US have decided to hold sector-specific talks in the coming weeks to finalise the structure of the proposed bilateral trade agreement (BTA), the government said on Saturday. The engagement between the two countries came in the backdrop of the USA's threat to impose reciprocal tariffs on its key trading partners, including India, on April 2.
President Trump with his MAWA has unwittingly provided us this opportunity. Will PM Modi grasp this and leave a legacy of an ushered in scientific and technological revolution in India, asks Colonel Anil A Athale (retd).
While Vedanta Aluminium, Balco and Cairn India confirmed the job cuts, sources said Sesa Goa too had slashed jobs.
Kohli follows Rohit into retirement: Can Next Gen stars emulate India's batting luminaries?
He said Gujarat wants to move forward but is unable to see the way ahead, and the Congress is unable to show it the way.
Export-led Indian IT sector is not directly hit by Trump's tariff order on goods, but there could be worrisome indirect bearings on it arising out of possible slowdown in decision-making and GDP growth in America over higher tariffs, which may then cloud demand from specific verticals, according to some analysts.
The latest cuts come after the company announced earlier this year that it was eliminating some 18,000 positions as part of a major cost-cutting bid at the e-commerce giant. "Given the uncertain economy... and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount," Jassy said in a memo to staff.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
The first step to keeping your job safe, experts tell Rediff.com's Divya Nair, is understanding why layoffs happen.
Tesla owner billionaire Elon Musk and Indian American entrepreneur Vivek Ramaswamy in an op-ed provided an insight into their blueprint for an unprecedented government reform that includes mass federal job cuts and massive expense reduction.
Trump may temper his approach from time to time, but to think that he will change his basic philosophy is delusional, asserts T T Ram Mohan.
'They are ideal for short-term financial goals like children's education or a down payment for a house.' 'They are also useful for transitional savings, such as during job switches or while starting a business.'
Shanto said they are "not thinking of Bumrah or any other individual."
India's fielding coach T Dilip has praised the team's "incredible" fielding efforts during their 3-0 ODI series sweep against England.
EPS' acceptance of Amit Shah's proposal for an electoral alliance with the BJP is being interpreted to mean how the AIADMK has signed up the NDA national leader as a junior partner. Not many have appreciated EPS for this strategic move that has now forced the BJP to play second fiddle to the AIADMK. This has meant that the BJP has buried its ambitions of capturing power in Tamil Nadu now, and is willing to wait until after the 2029 Lok Sabha polls, observes N Sathiya Moorthy.
In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.
