This decision has been taken to reduce costs and speed up the launch of rockets. This decision of the company will hit about 1400 employees. Its workforce is about 14 thousand employees. Most of these employees are in Florida, Texas and Washington in the US.

Layoffs announced in a 10 minute meeting

This layoff in the company is happening at a time when Blue Origin has started the production of its giant New Glenn rocket. After a long wait, its first launch took place last month. Dave Limp said in a 10-minute meeting with the employees that there is no easy way to explain it. He said that there is no doubt that the company has achieved many successes in the last few months, but considering the beginning of the company and where the company wants to reach in the next three to five years, this success seems less. In such a situation, the company has decided to layoff to reduce costs and speed up the launch of the rocket.

Layoffs help Blue Origin compete with Elon Musk’s SpaceX

Blue Origin’s CEO says the layoffs will increase the manufacturing of New Glenn and speed up the rocket’s launch speed. This will fulfill two important goals of the company, which are very important in competing with Elon Musk’s SpaceX and its Falcon 9. Many employees say that Limp has been tasked with streamlining Blue Origin’s many business units, from space stations to lunar landers for NASA, and focusing more on New Glenn. However, in conversation with news agency Reuters, some employees also say that the atmosphere of the company has deteriorated under Limp’s leadership and due to the speed at which he is moving forward, many people are looking for jobs elsewhere.

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Krithivasan on Work From Home: K Krithivasan, CEO and MD of Tata Consultancy Services (TCS) has said that he is not in favor of employees working from home. He wants the employees to come to the office and work and learn from their seniors.

Work from office strengthens teamwork. He said that the company is taking Artificial Intelligence (AI) seriously. Preparations are being made for this and efforts will continue to connect new people with TCS.

People associated in the last 2 to 3 years could not come to office.

At a NASSCOM event, TCS CEO Kritivasan said that team building happens through conversations between employees in the office. He said that video conferencing is a good tool. But, it is not better than face to face conversation.

Those who joined TCS in the last 2 to 3 years have not been able to come to office till now. This is not good for them. We want employees to come to office and work.

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This move comes at a time when the company has appointed Arjun Mohan as the new CEO. The impact of this retrenchment is going to be more on senior officers, which will reduce the costs of the company.

The source giving information about this retrenchment said that this will mainly be the retrenchment of contract employees along with employees who fail in performance based work. The senior officer said that some people from his team will be affected. However, no one has been formally removed yet.

When will the layoffs take place?

The layoff process is likely to begin at the end of this week or early next week. The official said that the layoffs are being done due to financial problems and it will be completed by the end of October.

There will be layoffs from here too

According to media report, Byju’s is also reducing the overlap between its online and offline employees as well as its regional selling office employees. Out of 19 regional offices, the company will now have offices at only four-five places.

What did the company say about the CEO

It is noteworthy that the company named Mohan as the new India head on September 20. Mohan is a former Upgrade executive who previously worked at Byju’s. Will be responsible for more than 75 percent of the company’s revenue. This layoff is being done a month after his joining. According to a statement from Byju, the company’s new India CEO Arjun Mohan will complete this process in the next few weeks and lead a new and sustainable operation.

The post Employees Job Cuts: Big news! So many employees will be fired from this Indian company, check details first appeared on Rightsofemployees.com.