Headcount Reduction News Today

The top six information technology services companies in India reported a reduction in their total headcount in the last fiscal year, with only HCLTech adding employees. Factors contributing to this reduction include the economic slowdown, automation, restructuring, and decreased discretionary spending. The drop in headcount reflects the aftermath of excessive hiring during the Covid boom and ongoing industry contraction in demand. However, experts believe that this trend may have bottomed out, ...

TCS in its Q3 FY24 results stated that its headcount has reduced for the second consecutive quarter by 5,680 employees in the October to December 2023 period.

Meta Platforms Inc, the owner of Facebook, implements a three-part round of layoffs, slashing jobs across its business and operations units.

Warren Buffett has shone a spotlight on Japan's trading companies-gigantic conglomerates with diverse sets of businesses and long histories. So far, they have been good investments for the celebrated investor-but these storied Japanese companies could ... | 06:15am

Jupiter’s fund overhaul will mainly target “subscale” funds with less than £100m of AUM across the firm’s entire asset class mix.