The decision follows dwindling demand for EVs and intensifying competition from Chinese manufacturers
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Aurigo has successfully welcomed 80 talented graduates through campus recruitment as full-time employees
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“For those of you who did not show up to the meeting this morning, consider this your official notice: you’re all fired," the CEO told his employees in a Slack message
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Over the past year, the company has expanded its workforce in India from 100 to 300 and is targeting an increase to over 500 employees in the coming year
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This is part of a larger plan to downsize its workforce as the company grapples with financial difficulties, regulatory setbacks and an eight-week machinists’ union strike
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This initiative is part of Callus's strategy to empower Indian students and professionals with competitive salaries and international career opportunities
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Impacted employees will remain on the company's payroll until January, in compliance with federal regulations requiring a 60-day notice
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The announcement follows a significant 46% decline in profit within Siemens' core digital industries business
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