layoffs – Bhartiyanews24x7

21Nov

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

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...

21Nov

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Politics

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

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 ...

21Nov

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Business

Ford Layoffs: Automaker To Slash 4,000 Jobs In Europe. Know Why

Ford has announced plans to eliminate nearly 4,000 jobs across Europe by the end of 2027, amounting to about 14 per cent of its regional workforce. The move comes as the automaker grapples with waning demand for electric vehicles (EVs) and mounting pressure from Chinese competitors. The job cuts, primarily targeting Germany and the United Kingdom, are subject to consultation with labor unions. "The global auto industry continues to be in a period of disruption, especially in Europe, where the industry faces unprecedented competitive, regulatory, and economic headwinds," Ford stated. Dave Johnston, Ford's European vice-president for transformation and partnerships, noted the necessity of the measures, saying, "It is critical to take difficult but decisive action to ensure Ford's future comp...