retrenchment

However, Mr Adrian Choo, chief executive of recruitment firm Career Agility International, believes that retrenchments now “are no longer necessarily tied to recession cycles”. Instead, they may be due to rapidly changing technology or…

Tech workers with infocomm, engineering or information systems backgrounds can improve their prospects by acquiring skills in cybersecurity forensics, network security or threat intelligence among others. Businesses should also not isolate…

This raises two large questions: How are these losses shaping the workforce of the future and what are the odds that being made jobless has any remotely plausible upside? A QUIT-FRIENDLY WORKFORCE There is of course plenty of evidence…

<!-- -->Go First has already suspended the sale of tickets till May 15.New Delhi: The National Company Law Tribunal (NCLT) on Wednesday admitted Go First's voluntary plea to initiate the insolvency resolution process against the…

Walt Disney Co will begin a second wave of layoffs on Monday (Apr 24) involving thousands of jobs, as part of efforts to eliminate 7,000 positions and save US$5.5 billion in costs, according to sources familiar with the matter. The company…

At Salesforce, for example, CEO Marc Benioff for years was able to defy calls to grow the company’s profitability alongside revenue. Now, as he faces off against a half dozen activist investors, he has cut his workforce by thousands and has…

Music streaming service Spotify said Monday it's cutting six per cent of its global workforce, becoming yet another tech company resorting to layoffs as the post-pandemic economic outlook weakens.CEO Daniel Ek announced the restructuring in…