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End of an era: Yellow Corp., once trucking titans, shuts down, 30,000 jobs lost

Yellow Corp., a 99-year-old trucking company, shuts down, laying off 30,000 workers after a battle with the Teamsters union.

A Yellow box trailer blocks the entrance to the shuttered YRC Freight terminal in St. Louis, on Monday, July 31, 2023. Troubled trucking company Yellow Corp. is shutting down and filing for bankruptcy, the Teamsters said Monday. An official backruptcy filing is expected any day for Yellow, after years of financial struggles and growing debt.(AP)

world news

Published on Jul 31, 2023 09:21 PM IST

ByPrapti Upadhayay

‘Privileged’: Google news' Indian-origin director sacked after 13 years service

London-based Indian-origin news executive Madhav Chinnappa expressed his happiness regarding the several achievements at Google.

Madhav Chinnappa added that he was on ‘gardening leave’ at the moment.

technology

Updated on Jul 25, 2023 05:30 PM IST

ByRitu Maria Johny

JioMart fires 1,000 employees, plans more layoffs: Report

The company asked over 1,000 employees on the ground, including 500 executives at its corporate office, to resign over the past few days.

A woman wearing a Reliance JioMart vest instructs workers as they stock their products inside a Future Retail's closed Big Bazaar retail store in Mumbai.(Reuters / File)

business

Published on May 23, 2023 08:00 PM IST

ByHT News Desk

Disney begins second round of layoffs, firing several thousand workers: Report

The cuts will occur across the company's business segments, including Disney Entertainment, ESPN and Disney Parks, Experiences and Products.

business

Published on Apr 24, 2023 06:50 PM IST

Reuters |

Development, ideology steer BJP’s campaign in Karnataka’s Tumkur, Davangere

The focus is on development in Tumkur while ideological issues dominance electioneering in Davanagere

Karnataka goes to the assembly polls on May 10. (ANI)

india news

Updated on Apr 21, 2023 10:11 AM IST

BySmriti Kak Ramachandran

Disney plans another big round of job cuts next week: Report

Disney said in February it planned to eliminate 7,000 positions from its workforce of more than 220,000.

The entertainment division will be a focus of the cuts.(REUTERS)

business

Published on Apr 19, 2023 06:43 AM IST

Bloomberg |

Walmart cuts over 2,000 jobs in e-commerce warehouses

Walmart Inc.’s job cuts include more than 1,000 positions at a warehouse in Fort Worth, Texas.

business

Published on Apr 04, 2023 02:19 PM IST

Bloomberg | | Posted by Singh Rahul Sunilkumar

Marvel chief Ike Perlmutter part of 7,000 expected job cuts at Disney

Perlmutter was the chief executive officer and the largest shareholder of Marvel when Disney acquired the company for about $4 billion in 2009.

business

Published on Mar 29, 2023 11:28 PM IST

Bloomberg |

Meta gearing up for more layoffs, likely to match last year's tally: Report

Meta let go of 11,000 employees four months ago and would be the first Big Tech company to announce a second round of mass layoffs.

The first wave of the new cuts would be announced next week, the report added.(REUTERS)

technology

Published on Mar 11, 2023 08:04 AM IST

Reuters |

Google, Meta ‘over-hired’ many who do ‘fake work’: PayPal Mafia's Keith Rabois

Tech innovator Keith Rabois shared reasons behind mass layoffs at an event organised by banking firm Evercore.

Keith Rabois said that Google and Meta had thousands of employees ‘who don’t do anything'(Twitter)

technology

Published on Mar 09, 2023 04:51 PM IST

BySnehashish Roy

Atlassian to cut 500 jobs in latest tech layoffs

“We need to go further in rebalancing the skills we require to run faster at our company priorities,” Atlassian's co-Chief Executive Officers Mike Cannon-Brookes and Scott Farquhar wrote in a memo to employees

Atlassian Corporation is an Australian software company .(Singh Rahul Sunilkumar)

business

Published on Mar 07, 2023 05:48 PM IST

Bloomberg | | Posted by Singh Rahul Sunilkumar

Eventbrite Inc to slash its workforce and move 30% job roles to India, Spain

The company joins a growing list of firms in corporate America - from tech companies and Wall Street banks to online furniture retailer Wayfair Inc - that have reduced their workforce in the face of recessionary fears.

Eventbrite said it also plans to relocate about 30% of the remaining roles, including moving certain development roles to Spain and India.(Eventbrite)

business

Updated on Mar 01, 2023 06:22 AM IST

Reuters |

Zoom to slash jobs for nearly 1,300 employees, CEO will take 98% pay cut

Yuan stated that he and other executives will take a significant pay cut. In the message to employees, he admitted to making "mistakes" in how quickly the company grew during the pandemic.

business

Published on Feb 08, 2023 06:53 AM IST

ANI |

Boeing plans to slash around 2,000 finance and HR jobs in 2023: Report

Boeing job cuts: Boeing's total workforce was 156,000 employees as of Dec. 31, 2022, the company said.

The company recently relocated its headquarters to Arlington, Virginia.(REUTERS)

business

Published on Feb 07, 2023 11:26 AM IST

AP | | Posted by Shobhit Gupta

Google worker fired while on ‘mental health leave’ finds positivity in hardship

In January, Google said it is laying off 6 per cent of its global workforce, or around 12,000 employees.

Google headquarters in Mountain View, California, US.(Bloomberg)

business

Published on Feb 01, 2023 10:26 PM IST

ByNisha Anand | Edited by Poulomi Ghosh

German tech firms looking to hire laid off professionals in Silicon Valley

Spooked by inflation and the prospect of recession, Google parent Alphabet, Microsoft and Facebook owner Meta have announced a combined almost 40,000 job cuts.

Germany, with one of the world's oldest populations, has gaping holes in its labour force.(Unsplash)

technology

Published on Jan 30, 2023 10:14 PM IST

Reuters | | Posted by Nisha Anand

Spotify joins tech firms in cutting jobs, lays off 6% employees

Spotify layoffs: CEO Daniel Ek announced the restructuring in a message to employees that was also posted online.

Spotify latest tech name to cut jobs, axes 6% of workforce.(Reuters file photo)

business

Published on Jan 23, 2023 07:08 PM IST

AP | | Posted by Shobhit Gupta

2,300 Amazon employees get warning notice on job cuts as tech layoffs continue

The recent announcement comes weeks after the company slashed 2 percent of its workforce, laying off around 8,000 employees in the first week of January as a part of its over 18,000 elimination drive as announced by CEO Andy Jassy earlier.

Amazon employees from United States, Canada and Costa Rica are set to let go, according to news agency Reuters.(File)

business

Updated on Jan 19, 2023 08:12 AM IST

BySnehashish Roy, New Delhi

Goldman Sachs to cut about 3,200 jobs this week after cost review: Report

The financial services major is expected to begin the process mid-week and the total number of people affected will not exceed 3,200, the report said, citing a source.

business

Published on Jan 09, 2023 06:16 AM IST

Reuters |

Byju's revokes shutdown move in Kerala capital after edtech founder meets CM

On October 25, at least 170 Byju's employees had approached the Kerala labour commissioner K Vasuki claiming that a verbal request for a forced resignation by the company.

Byju's chad offered the laid off employees to relocate to Kochi or Bengaluru(Shutterstock)

business

Updated on Nov 02, 2022 06:34 PM IST

ByHT News Desk | Edited by Aryan Prakash

Kerala govt to meet Byju's officials over layoffs at edtech platform: Report

The meeting comes a day after the company founder Byju Raveendran apologised to his employees for the layoffs. In a message to the employees, he said the company was forced to focus on ‘sustainability and capital-efficient growth’ because of adverse macroeconomic factors.

Byju Raveendran, founder and chief executive of edtech platform Byju's.(Livemint)

business

Published on Nov 02, 2022 02:57 PM IST

ByHT News Desk | Edited by Aryan Prakash

Philips to cut 4,000 jobs after medical equipment recall: Report

Philips has been bedevilled by the faulty devices that puts users with sleep apnea at risk of inhaling toxic foam. The firm's previous CEO stepped down earlier this year after leading the company's transition from a consumer electronics to medical device manufacturer over the past 12 years.

business

Published on Oct 24, 2022 12:38 PM IST

AFP | | Posted by Singh Rahul Sunilkumar

Manav Gohil on job crisis amid Covid-19 lockdown: People’s ambitions will pull them back to the city

The actor says Mumbai is the city of aspirations and it will be buzzing with excitement again butthings are going to be normal but in a different way.

Actor Manav Gohil says everyone is in a vulnerable state, financially

Updated on Jun 05, 2020 05:07 PM IST

Hindustan Times | BySangeeta Yadav

Amid job crisis, youth queue up to volunteer at Covid-19 isolation centre

The volunteers, mostly women, say their families are in dire need of money and the government is paying a good among to them for the job

Volunteers queuing up at the civil surgeon’s office to register themselves for work at Covid isolation centres in Ludhiana on Wednesday.(Gurpreet Singh/HT)

cities

Updated on May 21, 2020 10:48 PM IST

ByMohit Khanna, Ludhiana

‘No job crisis, North Indians lack qualifications’: Union minister Santosh Gangwar

Three months after the government’s jobs report said that India’s unemployment was at a four-decade high, Union Minister Santosh Gangwar insists that there is no job crisis.

The minister’s remark is also in sharp contrast to the government’s jobs report in May that suggested that the country’s unemployment was at a four-decade high. (Photo @santoshgangwar)

india news

Updated on Jun 30, 2020 02:25 AM IST

Hindustan Times, Bareilly | ByHT Correspondent

‘Double whammy’: Congress targets govt over jobs crisis, losing trade status

Addressing a press conference, Congress chief spokesperson Randeep Surjewala said it is a “double whammy” for India which has “succumbed to US pressure” of not buying crude oil from Iran.

Congress on Saturday said the US government’s decision to terminate special trade status for India will have adverse consequences on exports.(PTI)

india news

Updated on Jun 01, 2019 05:51 PM IST

New Delhi | ByPress Trust of India

Job crisis, civic woes main issues in Nainital-Udham Singh Nagar Lok Sabha constituency

Former Uttarakhand chief minister, BJP’s Bhagat Singh Koshiyari won the Nainital-Udham Singh Nagar Lok Sabha seat in 2014, defeating KC Singh Baba of Congress.

A view of Nainital city. Nainital-Udham Singh Nagar is one of the five Lok Sabha constituencies of Uttarakhand.(HT File)

lok sabha election 2019

Published on Feb 25, 2019 03:10 PM IST

Hindustan Times, Nainital | ByNeeraj Santoshi

Modi government not willing to accept job crisis: Rahul Gandhi

Talking about the job crunch, one of the key Opposition planks against the National Democratic Alliance government ahead of the general elections, he said Prime Minister Narendra Modi should be discussing the issue with the youngsters.

The Modi government is not willing to accept that there is an “employment crisis” in the country, Congress president Rahul Gandhi said at an interaction with students on Saturday.(PTI)

india news

Published on Feb 23, 2019 11:52 PM IST

New Delhi | ByHT Correspondent

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job crisis news

Latest from job crisis

Yellow Corp., a 99-year-old trucking company, shuts down, laying off 30,000 workers after a battle with the Teamsters union.

London-based Indian-origin news executive Madhav Chinnappa expressed his happiness regarding the several achievements at Google.

The company asked over 1,000 employees on the ground, including 500 executives at its corporate office, to resign over the past few days.

The cuts will occur across the company's business segments, including Disney Entertainment, ESPN and Disney Parks, Experiences and Products.

The focus is on development in Tumkur while ideological issues dominance electioneering in Davanagere

Disney said in February it planned to eliminate 7,000 positions from its workforce of more than 220,000.

Walmart Inc.’s job cuts include more than 1,000 positions at a warehouse in Fort Worth, Texas.

Perlmutter was the chief executive officer and the largest shareholder of Marvel when Disney acquired the company for about $4 billion in 2009.

Meta let go of 11,000 employees four months ago and would be the first Big Tech company to announce a second round of mass layoffs.

Tech innovator Keith Rabois shared reasons behind mass layoffs at an event organised by banking firm Evercore.

“We need to go further in rebalancing the skills we require to run faster at our company priorities,” Atlassian's co-Chief Executive Officers Mike Cannon-Brookes and Scott Farquhar wrote in a memo to employees

The company joins a growing list of firms in corporate America - from tech companies and Wall Street banks to online furniture retailer Wayfair Inc - that have reduced their workforce in the face of recessionary fears.

Yuan stated that he and other executives will take a significant pay cut. In the message to employees, he admitted to making "mistakes" in how quickly the company grew during the pandemic.

Boeing job cuts: Boeing's total workforce was 156,000 employees as of Dec. 31, 2022, the company said.

In January, Google said it is laying off 6 per cent of its global workforce, or around 12,000 employees.

Spooked by inflation and the prospect of recession, Google parent Alphabet, Microsoft and Facebook owner Meta have announced a combined almost 40,000 job cuts.

Spotify layoffs: CEO Daniel Ek announced the restructuring in a message to employees that was also posted online.

The recent announcement comes weeks after the company slashed 2 percent of its workforce, laying off around 8,000 employees in the first week of January as a part of its over 18,000 elimination drive as announced by CEO Andy Jassy earlier.

The financial services major is expected to begin the process mid-week and the total number of people affected will not exceed 3,200, the report said, citing a source.

On October 25, at least 170 Byju's employees had approached the Kerala labour commissioner K Vasuki claiming that a verbal request for a forced resignation by the company.

The meeting comes a day after the company founder Byju Raveendran apologised to his employees for the layoffs. In a message to the employees, he said the company was forced to focus on ‘sustainability and capital-efficient growth’ because of adverse macroeconomic factors.

Philips has been bedevilled by the faulty devices that puts users with sleep apnea at risk of inhaling toxic foam. The firm's previous CEO stepped down earlier this year after leading the company's transition from a consumer electronics to medical device manufacturer over the past 12 years.

The actor says Mumbai is the city of aspirations and it will be buzzing with excitement again butthings are going to be normal but in a different way.

The volunteers, mostly women, say their families are in dire need of money and the government is paying a good among to them for the job

Three months after the government’s jobs report said that India’s unemployment was at a four-decade high, Union Minister Santosh Gangwar insists that there is no job crisis.

Addressing a press conference, Congress chief spokesperson Randeep Surjewala said it is a “double whammy” for India which has “succumbed to US pressure” of not buying crude oil from Iran.

Former Uttarakhand chief minister, BJP’s Bhagat Singh Koshiyari won the Nainital-Udham Singh Nagar Lok Sabha seat in 2014, defeating KC Singh Baba of Congress.

Talking about the job crunch, one of the key Opposition planks against the National Democratic Alliance government ahead of the general elections, he said Prime Minister Narendra Modi should be discussing the issue with the youngsters.

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