Poging GOUD - Vrij
Target lets go of 150 India employees
Business Standard
|October 31, 2025
US retailer Target is laying off about 150 people from its global capability centre (GCC) in India as part of the company’s wider layoffs announced last week, people familiar with the matter said.
The company is cutting about 1,800 corporate roles in its first major layoff in a decade as it tries to stem sluggish sales in a weak macroeconomic environment. The number of people being asked to leave in India represents 8 per cent of the total layoffs and just 3 percent of the company’s total workforce in the country. Target had about 5,500 people in India at the end of August.
Dit verhaal komt uit de October 31, 2025-editie van Business Standard.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Business Standard
Business Standard
THE COMPASS Diversified infra players better bet amid weak road order inflows
Activity in the roads sector has been slow and road awards were subdued due to the policy decision to halt awards under the Bharatmala programme.
3 mins
January 10, 2026
Business Standard
Lenovo to design, build, and export Al servers from India
Global technology major Lenovo is planning to transform India into a key export hub for its infrastructure business, with plans to design and manufacture artificial intelligence (AI) servers in the country for global markets, a top company executive has said.
1 min
January 10, 2026
Business Standard
Suspend PM E-DRIVE truck-scrapping rule fora yr: Auto industry
The automobile industry in India has asked the Ministry of Heavy Industries (MHI) to suspend for one year the rule governing financial incentives for buying an electric truck (e-truck) under the PM E-DRIVE scheme, Business Standard has learnt.
2 mins
January 10, 2026
Business Standard
Netflix's India decade: From 'HBO moment' to a hunt for mass reach
More than 16 million subscribers, about 50 million viewers and close to%4,000 crore in revenues.
3 mins
January 10, 2026
Business Standard
'FY27 Budget should focus on consumption demand, boosting income'
Budget 2026-27 must focus on improving consumption demand and give a legup to micro, small and medium enterprises (MSMEs), especially to tide over global uncertainties, Nirmal K Minda, Assocham president and executive chairman of UNO Minda, tells Ruchika Chitravanshi in an interview in New Delhi.
2 mins
January 10, 2026
Business Standard
Working well with Venezuela: Trump cancels 2nd attack
US Prez set to outline plan for Venezuelan oil
2 mins
January 10, 2026
Business Standard
Air as an electoral issue
Cyclones in Odisha, landslides in Uttarakhand, floods in Assam, pollution in Delhi.
3 mins
January 10, 2026
Business Standard
Darjeeling tea output may have hit a new low in 2025
The famed Darjeeling tea may have slipt to a new production low in 2025, as changing weather patterns, a shortage of pluckers and mounting economic stress weigh on the region’s gardens.
2 mins
January 10, 2026
Business Standard
Oil & gas industry expects GST relief, LPG under-recovery compensation
‘The oil and gas industry expects the upcoming Union Budget to address compensation for underrecoveries on the sale of cooking gas cylinders and provide goods and services tax (GST) relief for exploration activities, say experts.
1 min
January 10, 2026
Business Standard
Competition may weigh on power equipment firms
Their stocks fell for a second day amid reports about possible removal of curbs on China companies bidding for govt contracts
2 mins
January 10, 2026
Listen
Translate
Change font size