Citigroup set to cut 75,000 jobs
US bank Citigroup has announced plans for about 53,000 new job cuts, on top of a previously announced 22,000.
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News: Sun Microsystems to cut 6,000 jobs
Sun Microsystems Inc plans to cut as many as 6,000 jobs as the company tries to cope with plunging sales of server computers to financ
ial firms, market-share losses to bigger competitors, and a spiraling stock price.
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Job cuts: Techie sues Lehman Bros
Ref- timesofindia.com - 13/11/08
NEW DELHI: A software developer has reportedly sued his former employer Lehman Brothers Holdings Inc over job cuts.
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Hewitt India - Troubled Leadership ?
Is Hewitt India having a leadership crisis?
Some of the leaders of Hewitt Associates - India decided to move on in a short span of time. This includes, Rajiv Grover, Raman Makkar, Vivek Setia in last three weeks.
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IBM employee murdered by Husband
A 24-year-old software employee was found dead in a pool of blood at her residence in HAL Airport police limits on Friday and cash and jewellery were found missing.
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Jet terminates 30-35 expat pilots
Jet Airways has terminated the services of 30-35 expat pilots. These are from its 737-400 fleet.
This decision was taken at a meeting on Wednesday between top Jet management and its owner Naresh Goyal. A Jet source who attended the meeting confirmed the development. ‘‘Yes, this is true. Four of these planes were grounded and we don’t need so many expats.” Asked if this was the beginning of a gradual easing out of expats from Jet, he replied, ‘‘Yes, we’ll ease them out in future, depending on how many planes will be grounded.”
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Satyam sacks 30 for fudging bills
Satyam Computers has terminated over 30 employees following internal audit findings that they may have ‘fudged’ bills after being relocated
to Chennai from Hyderabad. These project associates allege foul play by the company. “They have taken bills that are almost one and half years old and are asking for us to prove its validity. Even if we are able to prove that the bills are original and not fudged as they claim, they are unwilling to listen to us,” a few associates.
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American Express India cuts Jobs!
Credit card company American Express has asked some of its senior managerial employees to quit as part of its strategy to save costs.
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Reliance BPO staff killed for rejecting advances
Anandita Mishra, an assistant manager in a Reliance BPO, was brutally murdered by colleague whose advances she rejected.
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DSP Merrill Lynch fires!
The impact of the global turmoil has hit the Indian shores. DSP Merrill Lynch has started cutting staff in businesses affected by the crisis. Though only about 20 have been affected so far, the feeling is that there could be a couple of rounds of job cuts in India this year as Merrill Lynch gets ready for a global merger with Bank of America.
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