An unnamed employee of the company told the publication, “I started crying at the meeting. I told them that I was willing to work even at a lower salary and designation.”
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Many of John Deere's recent layoffs have focused on the production and precision agriculture areas
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The mixed reality department, responsible for developing the HoloLens 2 augmented reality headset, is one of the most affected areas
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The decision comes as a part of efforts to control operating costs ahead of its initial public offering (IPO)
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This shift, while reducing carbon emissions by 5 million tonnes annually, also necessitates a smaller workforce
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Reportedly, the dire situation faced by construction workers stems from a disagreement between the Federation of Construction Industry (FOCI) and the Minister of Works
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The job cuts come in the wake of a significant financial downturn, with the company reporting a €4.6 billion ($4.9 billion) loss in 2023
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CEO Salil Parekh outlined Infosys' strategy for integrating various technologies, believing that technological advancements will create new opportunities rather than eliminate existing jobs
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This move is part of the company's efforts to streamline operations and achieve financial sustainability
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To address mounting losses, Paytm aims to save Rs 400-500 crore through an employee cost reduction plan, potentially affecting 5,000-6,300 employees
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