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Starbucks plans first India corporate tech office to bring outsourced roles in house by 2027

Starbucks plans first India corporate tech office to bring outsourced roles in house by 2027

Starbucks plans to open its first corporate technology office in India for fiscal year 2027, starting recruitment after a site is selected later this year. The move is designed to cut $2 billion in costs by reducing dependence on third-party tech providers, including roles previously outsourced during earlier restructuring. Chief Technology Officer Anand Varadarajan said external vendors charge markups and that bringing work in-house will create closer ties to teams. Meanwhile, Starbucks is relocating about 270 tech roles to Nashville and has laid off thousands of workers.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Verizon Cuts Hundreds More Jobs as Cost-Cutting Plan Stretches to 2026

Verizon Cuts Hundreds More Jobs as Cost-Cutting Plan Stretches to 2026

Verizon has begun another round of US layoffs, following the elimination of about 13,000 jobs last year. The company confirmed the latest cuts to a news outlet but declined to share the exact headcount affected. It said the impact is under 1% of its total workforce, with the heaviest reported effect at its Basking Ridge, New Jersey headquarters. Verizon executives say the restructuring and “leaner” operations will continue through 2026, even as the company hires for growth roles.

Summarised by Beize from a story on Startup Talky on 14 May 2026

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Arunachal Pradesh bans foreign travel for officials for a year and cuts minister convoy strength by half

Arunachal Pradesh bans foreign travel for officials for a year and cuts minister convoy strength by half

Arunachal Pradesh announced cost-cutting and efficiency measures to reduce spending and streamline governance. The official notification bans foreign travel by Ministers and government officials for the next one year. It also orders a 50% reduction in the convoy strength of Ministers, citing efforts to optimize fuel usage and improve the movement of officials across departments.

Summarised by Beize from a story on Republic on 14 May 2026
GM cuts hundreds of IT jobs as it bets more on EVs AI and software transformation

GM cuts hundreds of IT jobs as it bets more on EVs AI and software transformation

General Motors has begun laying off 500 to 600 IT employees worldwide, with the biggest impact in Warren Michigan and Austin Texas. The company says the moves support a broader restructuring of its technology department as it tightens costs while continuing major investments in EVs AI and software. GM did not disclose the final affected headcount but continues hiring for selected tech roles.

Summarised by Beize from a story on Startup Talky on 13 May 2026
Ashwini Vaishnaw warns truce far away as West Asia war hits India fuel and costs

Ashwini Vaishnaw warns truce far away as West Asia war hits India fuel and costs

As West Asia tensions drag on, Union Minister Ashwini Vaishnaw said a full truce is still far away and could spill into India’s economy. Echoing PM Narendra Modi, he urged citizens to reduce fuel consumption and adopt cost-cutting steps like more work from home. With India heavily dependent on energy imports, officials stress the need to stay prepared despite relative policy stability so far.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Air India fires 1000 employees for ethical breaches including travel misuse and smuggling

Air India fires 1000 employees for ethical breaches including travel misuse and smuggling

Air India’s CEO Campbell Wilson said the airline has terminated more than 1,000 staff over the past three years for ethical breaches. The cases reportedly include misuse of the employee leisure travel system and smuggling. Wilson stressed that integrity must hold even when misconduct goes unobserved as the carrier pursues cost-cutting amid financial stress and projected losses.

Summarised by Beize from a story on The Economic Times on 10 May 2026

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Air India delays salary hikes and accelerates cost cuts as FY26 outlook turns volatile

Air India delays salary hikes and accelerates cost cuts as FY26 outlook turns volatile

Air India is pressing pause on planned salary hikes as it responds to global headwinds and a more uncertain FY26 outlook. The airline is prioritising cost reduction after its expansion, while also optimising routes and improving on-time performance. Management says the savings are meant to protect service quality and ongoing improvements, even as staffing-related pay moves are delayed.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Air India braces for Iran war shock with furloughs salary cuts and 20 percent fewer flights

Air India braces for Iran war shock with furloughs salary cuts and 20 percent fewer flights

Air India is weighing sweeping cost cuts as the Iran war strains aviation demand and finances. The airline is reportedly considering furloughs for nontechnical staff, reduced pay for senior executives, lower bonuses, and a sharp drop in capacity—cutting flights by more than 20% over the next three months.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Air India board meets as costs climb and CEO change talk heats up

Air India board meets as costs climb and CEO change talk heats up

Air India’s board met in New Delhi to review the airline’s financial position and accelerate cost-saving measures, with a new Chief Executive Officer selection also on the agenda. The airline’s operations are being disrupted and costs are rising due to the West Asia conflict. The meeting comes as Air India continues its broader transformation plan.

Summarised by Beize from a story on The Economic Times on 7 May 2026
PayPal to cut 20 percent of jobs under new CEO Lores to save 1.5 billion

PayPal to cut 20 percent of jobs under new CEO Lores to save 1.5 billion

PayPal plans to reduce its workforce by about 20 percent over the next two to three years, as new CEO Enrique Lores pushes a restructuring meant to simplify operations and accelerate growth. The company expects to save at least $1.5 billion through the cost-cutting drive, even as analysts flag tougher expansion challenges ahead.

Summarised by Beize from a story on The Economic Times on 6 May 2026

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Kyndryl announces job cuts and cost overhaul as profit outlook disappoints analysts

Kyndryl announces job cuts and cost overhaul as profit outlook disappoints analysts

Kyndryl, a major software and IT services firm, has unveiled a new cost-saving plan alongside job cuts. The company expects annual pretax profit to come in below Wall Street estimates, with a goal of significantly lowering operating costs by fiscal 2028. Shares fell sharply on the news, even as demand for IT services remains resilient.

Summarised by Beize from a story on The Economic Times on 6 May 2026
PayPal readies layoffs to save 1.5 billion as new CEO reshapes leadership

PayPal readies layoffs to save 1.5 billion as new CEO reshapes leadership

PayPal’s newly appointed CEO Enrique Lores is rolling out a turnaround that could involve layoffs and reduced spending as the company targets $1.5 billion in savings over the next 2–3 years. The reshuffle comes after streamlining plans and leadership changes meant to revive growth in a fintech market crowded by Stripe, Adyen, Apple Pay, and Klarna—where Venmo outperforms checkout.

Summarised by Beize from a story on Startup Talky on 6 May 2026
Lucid Motors drops yearly EV targets amid surging inventory and sweeping cost cuts

Lucid Motors drops yearly EV targets amid surging inventory and sweeping cost cuts

Lucid Motors has pulled its guidance for the year, citing a buildup of inventory and the impact of a companywide cost-cutting effort. The move signals uncertainty in how many EVs the automaker can realistically produce and sell in the near term, as it works to regain control of inventory levels and spending.

Summarised by Beize from a story on TechCrunch on 6 May 2026
Air India board meets May 7 with cost cuts and CEO decision likely

Air India board meets May 7 with cost cuts and CEO decision likely

Air India’s board will meet on May 7 to review cost-saving measures and likely move forward on selecting a new CEO. The airline is grappling with heavy losses amid rising jet fuel prices and risks tied to the West Asia conflict. Among proposed steps are unbundling meals and lounge access, while a CEO search is already underway.

Summarised by Beize from a story on The Economic Times on 3 May 2026

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Meta warns more layoffs could follow 10 percent workforce cut on May 20

Meta warns more layoffs could follow 10 percent workforce cut on May 20

Meta’s chief people officer says additional layoffs may be on the table, even as the company prepares for planned job cuts affecting 10% of its global workforce on May 20. Meta argues the core business is strong, but shifts in priorities and relentless competition mean costs must keep tightening, even while major resources flow into AI development and infrastructure.

Summarised by Beize from a story on The Economic Times on 2 May 2026
Home interior startups turn to AI to cut costs and speed up profits in a crowded market

Home interior startups turn to AI to cut costs and speed up profits in a crowded market

India’s home interior startups are increasingly betting on AI to fight soaring customer acquisition and day-to-day operating costs. Firms such as Homelane and Livspace say AI helps improve designer productivity and streamlines internal workflows, helping them compete more effectively against the unorganized market and move toward profitability.

Summarised by Beize from a story on The Economic Times on 2 May 2026
Top Indian IT firms slash mid tier roles and supercharge AI smart entry hiring

Top Indian IT firms slash mid tier roles and supercharge AI smart entry hiring

India’s leading IT firms are rewriting hiring playbooks by cutting mid-tier roles while expanding AI-enabled entry-level recruitment. The shift is designed to control costs, boost efficiency, and drive productivity, with companies tracking higher revenue per employee. Analysts say this could reshape careers and competition across the sector as AI becomes the default workplace skill.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Meta headcount climbs 1 percent to 77986 even as costs are cut

Meta headcount climbs 1 percent to 77986 even as costs are cut

Meta says its headcount rose to 77,986 as of March 31, 2026, up 1% year on year, even while it continues workforce recalibration and cost-cutting. CEO Mark Zuckerberg points to a push for stronger infrastructure and a reward system for high-impact contributors—aimed at accelerating innovation and scaling advanced models.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026

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Unilever India lifts profit 18 percent by raising prices and cutting costs

Unilever India lifts profit 18 percent by raising prices and cutting costs

Hindustan Unilever posted an 18% jump in profit, crediting a dual strategy of price hikes and cost cuts to offset volatility tied to Middle East tensions. With raw material costs rising across consumer goods, the company held its mid-term earnings outlook and flagged stronger fiscal 2027 prospects by leaning into premium products and focus brands.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
AI could cut gaming costs in half and unlock 22 billion profits says Morgan Stanley

AI could cut gaming costs in half and unlock 22 billion profits says Morgan Stanley

Morgan Stanley says AI tools could slash game-development costs by nearly half, potentially unlocking about $22 billion in new profits. The shift could let smaller teams build and iterate faster, improving games after launch rather than waiting for traditional cycles. Distribution and data holders may capture the biggest gains, while game engine makers face disruption unless they adapt.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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