This year, many start-ups have come under fire for mass-layoffs. Many businesses ran out of funds as banks around the world tightened their monetary policy. In a bid to please their investors and cut-costs many start-ups had to downsize and cut their workforce by half. For various reasons such as automation, cost-cutting, organizational restructuring etc. about…
Unilever announces organizational restructure, putting nearly 2000 jobs at the risk of getting shelved
Unilever has announced a major management overhaul/restructuring across five divisions including Beauty, Personal Care, and Ice Cream. The leading FMCG has planned to let go of 5% of its workforce worldwide. This restructuring has put the jobs of more than 1500 senior employees at risk. The FMCG’s CEO Alan Jope revealed that this restructuring has…