Mass Layoffs
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Donald Trump administration urges Supreme Court to uphold mass layoffs at Education Department
World | Jun 06, 2025, 11:39 PM ISTThe Supreme Court had earlier sided with the administration in April, in a narrow 5–4 decision that overturned Joun’s previous attempt to preserve federal teacher-training grants.
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Boeing mass layoffs: US aircraft manufacturer to cut 17,000 jobs after facing $5 billion loss
Business | Oct 12, 2024, 11:38 AM ISTBoeing recorded a loss of $5 billion in the third quarter as the US planemaker continued to spiral during a month-long strike. The company had already faced issues with the certification of the 777X that had significantly delayed the plane's launch.
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Nokia declares mass layoffs ahead of festive season, to cut up to 14,000 jobs I KNOW WHY
Business | Oct 19, 2023, 04:01 PM ISTQuoting the reason behind the decision, Nokia said it is aiming to lower its cost base by between ($843 billion and 1.2 billion euros by the end of 2026. That was set to lead to a reduction from 86,000 employees now to between 72,000 and 77,000 during that time period.
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Amazon announces second largest round of layoffs in company’s history I CHECK DETAILS
Technology | Mar 20, 2023, 10:18 PM ISTAmazon’s workforce, in warehouses and offices, doubled to more than 1.6 million people in about two years. But demand slowed as the worst of the pandemic eased. The company began pausing or cancelling its warehouse expansion plans last year.
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Airbnb sacks 30% of recruiting staff despite profitable year
Business | Mar 05, 2023, 09:52 PM ISTIt reported $319 million in net income for the quarter, up from $55 million a year earlier. In its shareholder letter, Airbnb said it's seeing continued strong demand at the start of 2023.
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Mark Zuckerberg says 'sorry' as Meta fires more than 11,000 employees | Full statement
Technology | Nov 09, 2022, 06:25 PM ISTMeta's Chief Executive- Mark Zuckerberg has apologised to its fired employees for laying off more than 13% of its workforce from the tech giant. The action has been taken post reviewing the revenue of the company which kept falling continuously in 2022. Here is the complete statement Mark.
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IBM denies mass layoff of 111,800 employees
Jan 27, 2015, 11:31 AM ISTSan Francisco: Calling it "ridiculous" and "baseless," IBM on Monday dismissed a report that said the technology giant plans to lay off 1 in 4 of its workers, or 100,000 people.The company "flatly denies" the