Wednesday, October 22, 2025
spot_img

SpiceJet to sack nearly 1400 employees to save costs

spot_img
- Advertisement -

According to the reports of the ET, An Indian low-cost airline, SpiceJet will sack nearly 1400 employees to save costs.

However, according to company statements, “There aren’t any funding delays and we are progressing well with our fund infusion and have already made our public announcements accordingly,” the spokesperson said.

“We will be making additional announcements as we progress on the next tranche. The majority number of investors have subscribed”, the spokesperson added.

SpiceJet layoffs will be 15% of its workforce. Currently, the airline is served by 9000 people and operates 30 planes. Moreover, there have been several employees who are yet to be paid for January.

Additionally, the airline has been delaying salary payment for ‘several months’; many staffers. The delayed salary payments by several months have a Rs. 60 crore monthly salary bill.

Cisco to reduce workforce, to axe thousands of jobs

According to several media reports, Cisco plans to lay off thousands of employees as the company plans to restructure its business. The company has nearly a total employee base of 84,000 employees.

Cisco is yet to comment on layoffs. The company will be determining on number of employees to be affected by the layoffs.

In 2023, most of the layoffs were because of overhiring in the Pandemic and tech companies were right-sizing the headcounts, and some microeconomic situations.

And, in early 2024, most people are being laid off because of the integration of Generative AI displacing jobs and with few companies’ economic situations again. The repetitive jobs that can be performed by Artificial Intelligence will be obsolete.

As per the latest update, there have been so far in 2024, there have been 261 layoffs at tech companies with 50,547 people impacted (1,176 people per day).

Note: We are also on WhatsApp, LinkedIn, and YouTube, to get the latest news updates, Join our Channels. WhatsApp– Click hereto subscribe to YouTube – Click Here, and for LinkedIn– Click Here

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

USV appoints Raymond’s Aparna Vishwasrao as Chief HR Officer

Indian healthcare company, USV Private Limited has appointed Aparna...

Kyndryl expands with new Bengaluru office for 3,000 employees

Kyndryl, the world’s largest IT infrastructure services provider, has...

DXC Technology lays off some staff in India

DXC Technology lays off some staff in India as...

MIT is offering free online courses; Check details here

A coeducational, privately endowed research university, Massachusetts Institute of...

Toyota Greenfield Plant to Create Thousands of Jobs

In a significant move that promises to boost employment...

HCL Tech stays bullish on hiring, to add 20,000 people soon

HCL Tech stays bullish on hiring, to add 20,000...

Raj Raghavan, SVP & Head-HR, IndiGo on future-ready workforce

Raj Raghavan, Senior Vice President & Head of Human...

Ideas2IT Chennai-based IT firm gifts cars to 100 employees

A Chennai-based IT firm, Ideas2IT on Monday gifted as...

Related Articles

Sheenu Pradhan
Sheenu Pradhanhttps://sightsinplus.com/
Sheenu Pradhan, Editor Content, SightsIn Plus. She has over 8 years of experience in human resources. Prior to this, she has been associated with Wictor Chemicals India, Wipro, and Shakti Plas Industry.