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Restructuring News

Sony PlayStation Division to Cut 900 Jobs Amid Industry Changes

Sony Interactive Entertainment CEO Jim Ryan announced plans to lay off approximately 900 employees, representing 8% of the global workforce, in a move to adapt to industry changes and ensure the company's future success....

BlackRock Plans To Cut 3% Workforce In 2024, Anticipates Growth In Tech And Alternative Investments

Financial giant BlackRock has revealed plans to restructure its workforce, announcing a 3% reduction to adapt to evolving market conditions. Despite the layoffs, the company expresses optimism, foreseeing an expanded workforce by the end of 2024, particularly in technology and alternative ...

Paytm Lays Off Over 1,000 Employees In Major Cost-Cutting Move; Details Inside

One 97 Communications, the parent company of Paytm, has reportedly laid off over 1,000 employees across multiple units, marking one of the most substantial job cuts by an Indian tech firm this year. This strategic decision comes as Paytm aims to ...

What Does Debt Restructuring By Banks In India Mean?

In India, bad debt on loans is mounting. In fact, bad debts in the banking sector have reached alarming proportions and banks are facing some of the most challenging times in handling bad debts. You can increasingly hear banks either engaging ...

Every district to have I-T office by 2013 end

New Delhi, July 15: Every district in the country will have at least one Income Tax office once the ambitious cadre restructuring of the department is implemented by the end of this year. The proposal was discussed at length and ...