Heineken To Cut 6,000 Jobs, Lowers 2026 Growth View
Heineken plans up to 6,000 job cuts worldwide and lowers its 2026 profit growth forecast as weak beer demand and cost pressures weigh on the sector
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Swiggy To Reduce 6% Workforce
- by BW Retail World Bureau
- January 26, 2024
Indian food delivery startup Swiggy is set to lay off 6 per cent of its workforce as it seeks to reduce costs and increase profitability ahead of its initial public offer (IPO), the Economic Times reported on Thursday. The job cuts would impact about 350-400 employees across teams including technology, call centre, and corporate roles, […]
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Tanishq Expands Jewellery Business With Oracle Cloud Infrastructure
- by BW Retail World Bureau
- July 18, 2023
Tanishq, a jewellery brand, migrates its inventory management system to Oracle Cloud Infrastructure (OCI), including Oracle Database, Oracle Application Express (APEX), Oracle Web Application Firewall, and OCI Flexible Load Balancing. With real-time visibility into inventory levels and order fulfilment, Tanishq is able to meet the influx of customer demand and reduce its technology support costs […]
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Tata-owned Air India Incurs Losses of Rs 7,000 Cr In FY23
- by BW Retail World Bureau
- July 17, 2023
Tata-owned Air India incurred losses amounting to around Rs 7,000 crore in FY23 due to impairments related to faulty aircraft and engines, as well as the low-cost airline AirAsia India. However, executives noted that the losses have decreased, and the carrier achieved positive EBITDAR (earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs) […]