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Troubles mount for IT majors as clients seek more bang for buck

Analysts said several clients have asked Indian IT majors to cut rates and commit to costs savings upfront.

savings

Nov 15, 2019, 01.27 PM IST

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Daimler set to slash jobs to save 1 billion euros

“By the end of 2022, Mercedes-Benz Cars plans to save more than 1 billion euros in personnel costs. To this end, jobs are to be reduced,” the company said in a statement. Daimler, which employs around 304,000 people worldwide, did not specify how many jobs would be slashed overall but said 10% of management positions would be affected.

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