Telecommunications firm Ericsson AB will slash about 5,000 jobs as part of its cost cutting initiatives even as it reported a substantial fall in net income for the fourth quarter ended December 31, 2008.
Unacademy is conducting another round of job cuts and laying off 350 employees or 10 per cent of its workforce of 3,500, as the SoftBank-backed edtech firm targets profitability and reduces costs, according to an internal note sent by Gaurav Munjal, co-founder and CEO of Unacademy group, to the staff. Munjal said the restructuring exercise would affect about 10 per cent of employees across the group. "I am deeply saddened to share that we will have to say goodbye to some of our extremely talented Unacademy employees," said Munjal in the letter addressed to employees and reviewed by Business Standard.
IMAGES from the Premier League matches played on Wednesday.
The new season coasts along on the simple anecdotes that make up the piggy bank of family lore; the performances are as wonderful as before, but the sharpness of humour is starting to dull a bit, observes Deepa Gahlot.
Inconsistent SRH take on LSG in push for play-offs spot
Some of the operational goals the carrier has set for itself are 25 million domestic and 15 million international passengers by 2015.
For the first time, Modi is eyeball to eyeball with his bete noire, sitting a few feet across him. Given the last 10 years, a confrontation between them was unavoidable, inevitable, points out Saisuresh Sivaswamy.
'I think because India is a bigger country and Bollywood is such a well-oiled machine, the star thing has become so much bigger than the actor thing.'
I never play for spot, always play for team's success: Shardul
Abhishek Porel and Tristan Stubbs struck half-centuries for Delhi Capitals in their final league game of the season.
'Suddenly the audience pool feels bigger, like everyone is watching everything now.' 'It's no longer limited in terms of boundaries, like a state or a language.' 'Whether it's a series, a movie or even a Korean film, the audience has access to all of it.' 'Slowly, the boundaries are blurring, so that's great for actors.'
Barely days after Mittal Steel announced to cut 800 jobs in its South African operations, a leading trade union of that country slammed the move and warned that it could spark off a nationwide outrage.
In the event of a war with China, AMCA deep strikes would target China's rail and road links with Tibet, isolating PLA divisions there.
Sector experts say rising pressure on margins owing to price discounts on the core business, increased hiring in the US and emergence of new technology areas are key reasons for such cost cutting.
It had announced slashing of up to 10,000 jobs globally by the end of 2013.
Politics is not on the radar of 18 to 21-year-old Indians, reveals Rama Bijapurkar.
Rajat Patidar and Axar Patel struck half-centuries in a match dominated by the bowlers.
Computer giant Microsoft has signed a $170-million, five-year contract with India's HCL for outsourcing work for its online business productivity suite.
Sony Mobile Communications is planning to cut 1,000 jobs globally by the end of March next year to increase operational efficiency and reduce costs.
Harshal finished with 2/28, taking his wicket tally to 22 in 13 games and overtake Jasprit Bumrah for the most wickets in IPL 2024. The pacer is way ahead of everyone when it comes to bowling in the end overs, with 16 wickets between the 16th and 20th overs -- the most by any bowler this season so far with Bumrah a distant second on 11 wickets in the death overs.
India A spinners turned the knife into England Lions' batting line-up to give their side a commanding 134-run victory on the fourth day of the third and final unofficial 'Test' in Ahmedabad on Sunday.
The biggest worry is not the shrinking of the labour market, but the collapse of good jobs.
Starting afresh in a new domain or with a new employer or opting for entrepreneurship can be the brighter side of job loss.
'When Bad Newz was given to me to direct, the first thing I did was go back to my childhood.' 'It's an ode to Hindi cinema.'
It will be in Modi's interest to reinvent his party, read the writing on the wall that voters wrote, and move ahead. He has little choice now. The country is watching, asserts Ramesh Menon.
After SBC's recent $16 billion acquisition of AT&T Corp, it now plans to cut 13,000 jobs after the deal is closed by early 2006.
Virat Kohli has hardly ever set foot at the Bengaluru-based National Cricket Academy for any fitness-related rehabilitation work, said Indian skipper Rohit Sharma, who wants aspiring cricketers to follow the ace batter's exemplary work-ethic.
'The long-term impact of elections is minimal.'
British banking major Royal Bank of Scotland has said it will slash as many as 9,000 jobs worldwide in the coming days, including 4,500 positions in the UK, as part of its cost-cutting measures.
The bank sheds staff to help it deal with bad home loans.
UBS stepping in to save Credit Suisse with a $3.2-billion acquisition has provided the beleaguered Swiss bank's India employees a glimmer of hope. The surprise deal - engineered by the Swiss government - has triggered optimism of fewer job losses at Credit Suisse's India unit and better synergies at key verticals, such as wealth management and investment banking. "UBS is a much stronger hand. Coming within its fold will give Credit Suisse's wealth management and investment banking divisions a good home.
Defence Minister Rajnath Singh on Saturday approved a proposal to reserve 10 per cent of the job vacancies in the defence ministry for 'Agniveers' who meet requisite eligibility criteria.
With economic problems and job cuts, Hangzhou locals and people in other parts of China are not very pleased about hosting the Asian Games.
To land a job in a competitive field, graduates must go beyond the obvious and prepare extensively, adbises Vijay Gupta, director-global human resources, Rahi Sytems, a global IT services and solutions company.
Growth in India is expected to slow to 6.3 per cent in FY 2023/24 (April-March), a 0.3 percentage point downward revision from January, the World Bank said Tuesday but noted there is an unexpected resilience in private consumption and investment and robust growth in the services. The World Bank made these points in its latest edition of Global Economic Prospects according to which global growth is projected to decelerate from 3.1 per cent in 2022 to 2.1 per cent in 2023. In Emerging Markets and Developing Economies (EMDEs) other than China, growth is set to slow to 2.9 per cent this year from 4.1 per cent last year. These forecasts reflect broad-based downgrades.
'You cannot have only one product or one market or one customer segment.'
The Finland-based power plant and equipment company Wartsila Corporation today said it will reduce about 400 jobs globally in its support functions and information management services.
Another season of these legal antics would be welcome, applauds Deepa Gahlot.
The UK steel industry is struggling for survival in the face of extremely challenging market conditions.
Between April and September 2014, the central govt released Rs 13,618 cr to states, against Rs 24,676 cr in the same period last year.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances