Recent Wave of Tech Layoffs
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 ..
Tags: Indian American • Interest rate • Layoff • NRI • Technology Sector
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 2022 • International / World Current Affairs
Larsen & Toubro sheds 14,000 employees from its workforce
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 ..
Tags: BSE SENSEX • CNX Nifty • Companies • L&T • Labour law