Layoff

Recent Wave of Tech Layoffs

Created: January 31, 2023

Layoff means removing employees from jobs. Dismissing due to a decrease in profits. When the profit of a company is not sufficient to pay all its employees, it Lays OFF. Recently, IBM (International Business Corporation), one of the largest tech ..

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Larsen & Toubro sheds 14,000 employees from its workforce

Created: November 23, 2016

Owing to economic challenges, Larsen & Toubro (L&T) has shed 14,000 employees or 11.2% of its total workforce across businesses between April-September in the current fiscal. This is considered as one of the biggest corporate retrenchment exercises carried out in recent ..

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