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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Allie Arebalo, the senior director & head HR of North America, who reported directly to CEO Elon Musk, was let go, as per media reports
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This move aims to streamline operations, reduce costs (around US$230 million in savings), and better handle inflation
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The plan involves cutting domestic jobs and relocating office functions from central Tokyo to Kawasaki
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The move has been taken due to a drought in Catalonia's Penedes area
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The move has been taken to achieve cost savings of up to $400 million this year through the workforce reduction programme
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The announcement preceded Tesla's Q1 earnings report, which fell below Wall Street expectations with a 55% decrease in net income
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