The staff reduction is expected to be around 500-600 employees, primarily among Air India’s ground staff
job cuts
Latest in job cuts
job cuts
Microsoft lays off more employees in fresh round of job cuts: Report
Over the past 18 months or so, Microsoft has carried out significant layoffs, resulting in thousands of employees losing their jobs
Dubai
Job cuts, burnout, too many managers: Is this the end of middle management?
As efficiency becomes the new corporate buzzword, middle managers are facing an existential threat – the great flattening of organisational structures
job cuts
Noon slashes 10% of workforce: Reports
Online retailer Noon.com has cut hundreds of jobs to control costs, according to Bloomberg
Amazon
Amazon shuts book selling arm after two decades
The company, which was acquired by Amazon in 2011, will stop operations on April 26
economic slowdown
Yahoo joins the ‘layoff’ chant, to cut more than 20% of staff globally
The cuts will impact nearly 50 percent of Yahoo’s ad tech employees by the end of this year, including nearly 1,000 employees this week, the company said
economic slowdown
Google fires mental health and wellbeing chief
The tech giant is currently in the process of laying off 12,000 employees
Covid-19 pandemic
Microsoft to lay-off thousands of employees today: Reports
Reports state that Microsoft is looking to reduce its workforce by 5%, potentially leading to thousands of job losses
Amazon
Amazon to fire more staff; total number of layoffs to rise to 18,000
Salesforce also announces 8,000 job cuts; Both companies blame their hiring spree during the pandemic and economic downturn as the reasons
beverages business
PepsiCo to slash hundreds of jobs to ‘operate more efficiently’: Report
Hundreds of jobs will be cut, the source said, and will primarily affect the company’s North America beverage business
cloud kitchen
Dubai unicorn Kitopi sacks 93 head office staff as tech industry slumps
The job cuts come as the global tech industry faces economic uncertainty after years of strong growth
Facebook
Facebook to fire 15 percent of workforce in ‘quiet layoffs
Over 12,000 employees are to be removed, as instructed by Mark Zuckerberg in an internal review process
Barclays
Barclays to cut 20% of jobs in Dubai wealth management unit
Sources say layoffs will include senior positions and support staff within the Dubai division that employs about 100 people
Banking & Finance
Deutsche Bank says ‘too early’ to know about MidEast job cuts
German lender Deutsche Bank is cutting 18,000 staff globally in order to get back in the black
Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank said to mull 2,000 job cuts after merger
Sources say state-controlled bank started cutting job once it began combining with Union National Bank and Al Hilal Bank
bank merger
Video: How can employment termination be made humane?
Burning bridges with former employees could lead to companies getting burnt.
bank merger
Opinion: You’re fired (but don’t take it too personally)
Burning bridges with former employees could lead to companies getting burnt
