Tag Archives: Losses

Job losses for 20.5 million Americans herald more pain to come

The U.S. unemployment rate in April could hit 15% — a number not seen since the end of the Great Depression. (AP Photo) It took just one month for the labor market in the world’s largest economy to capsize. It will take longer for the damage to be fully realized. In the harshest downturn for American workers in history, employers ... Read More »

Production Cuts, Job Losses on the Cards for Slowing Auto Industry

After denting the auto sector’s profitability, the consumption slowdown along with the upcoming shift to BS-VI standards will further decelerate production, leading to eventual job losses. Industry insiders point out that slowdown, which is a culmination of high GST tax rates, farm distress, stagnant wages, and liquidity constraints, has led to the month-on-month sales de-growth. Besides, inventory pile-up at the ... Read More »

Southampton plans job losses within chemistry department

As part of its long-term strategy, the University of Southampton in the UK has announced plans to reorganise its existing eight faculties into five, and make cuts of 50–75 employees through voluntary severance schemes in six academic areas. The areas facing job losses have not yet been publicly announced due to an ongoing internal consultation, but the university has confirmed ... Read More »

ADP Reports Overall Job Losses at Small Businesses for First Time This Year

Small businesses are seeing overall job losses for the first time this year, but the news is not all bad. September 2017 ADP Small Business Report According to the September 2017 ADP Small Business Report small businesses lost 7,000 jobs overall last month. This is the first month this year that ADP (NASDAQ:ADP) is reporting job losses rather than large job gains at ... Read More »

Public sector banks’ consolidation will not lead to job losses: Official

Any possible merger of public sector banks (PSB) will not lead to job losses, a senior government official said today. “No employee will lose job. That part has been taken care of,” the official said, adding that any probable consolidation among banks will eventually lead to reduction in credit risk concentration, increase competitiveness, and increase the lenders’ ability to extend ... Read More »

IT layoffs: Amid fears of job losses, FITE takes up the fight

Infosys Technologies employees move through the headquarters during a break in Bangalore. Fears abound that thousands of techies are likely to lose their job, as automation and stricter job permits hit the Indian IT sector.(AP) For weeks now, news about IT layoffs is making headlines, while industry body Nasscom is trying to allay fears with data and figures to suggest ... Read More »

Unorganised Sector Witnessing Job Losses Post-Demonetisation: Report

Demonetisation will have an impact on the GDP, says industry body Assocham. New Delhi: Major sectors of the economy including FMCG, jewellery and SMEs have been hit post-demonetisation, while the unorganised sector is seeing job losses, according to industry body Assocham. In an interview to PTI, Assocham president Sunil Kanoria lamented the lack of preparedness and the manner in which demonetisation was implemented, saying ... Read More »

Uber Racked Up Big International Losses During 2014 Expansion

The international business of Uber, the US-based ride-hailing service, lost $237 million in 2014, a big increase on a deficit of $31.9 million the previous year, as the company expanded around the globe. The figures, the latest available, were disclosed in an official filing lodged with the Dutch Chamber of Commerce last month. Uber’s international headquarters are in Amsterdam. Although ... Read More »