job cuts – Bhartiyanews24x7

Ola Electric Layoffs: Ola Electric is reportedly planning to start a restructuring initiative that will impact over 500 employees across various roles within the organisation. The company is implementing these layoffs as part of its strategy to improve margins and achieve profitability, according to a Moneycontrol report citing familiar sources. The Bhavish Aggarwal-led firm carried out two restructuring exercises in September 2022, ahead of its IPO. During these exercises, it announced a series of new hires aimed at centralising and streamlining operations across various verticals. In July 2022, the company announced a major reorganisation plan, laying off approximately 1,000 employees as it shut down three business divisions—Used Cars, Cloud Kitchen, and Grocery Delivery—to refocus on it...

GM Layoffs: General Motors (GM) has laid off around 1,000 employees worldwide as part of a cost-cutting initiative to strengthen its position in the competitive automotive market. Most of those affected were white-collar workers, who were notified of their layoffs via email early Friday morning. Adam Bernard, a GM veteran with 38 years of service, was among those impacted by the layoffs. In a LinkedIn post, Bernard, who served as Associate Director of Competitor Intelligence, shared his shock at the firm’s decision to let him go. In his LinkedIn post, Bernard wrote, “Well, in unexpected news, I was let go from GM at 5.07 am this morning via email, along with (I hear unofficially) about 1,000 people globally. I wonder what I should do next...?Bernard joined GM in 1986 as an analyst. Over ...

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Ola Electric Layoffs: EV Firm Plans To Fire 500 Employees Amid Restructuring, Says Report

GM Layoffs: Firm Fires Employee Of 38 Years Via Email At 5 AM; Details Here