Electrolux to fire 4000 employees globally, while Intel seeks to reduce headcount by 20%
Shortpedia
Content Team
Image Credit: livemint
After a PwC survey indicated that 50 per cent firms are looking at layoffs, electronics giant Electrolux and tech major Intel are set to fire thousands of employees to trim their workforce. As Electrolux restructures its organisation after posting heavy losses in its third quarter, the firm is reducing its global headcount by 4000 employees.
