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  Layoff at ShareChat: 200 employees go jobless as the company streamline its cost base

  Technology | December 20, 2023 17:25 IST

  Mohalla Tech has reported a significant increase in losses, which has surpassed 38% to reach Rs 4,064 crore during FY23 when compared to Rs 2,941 crore in FY22. Despite the losses, the company has experienced a noteworthy 62% surge in revenue from operations, reaching around Rs 540.21 crore.

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  MPL layoffs 50% of workforce amid 28% GST imposition on online gaming

  Technology | August 09, 2023 14:32 IST

  Mobile Premier League (MPL)- an online gaming platform is reportedly reducing its workforce by approximately 50%, affecting around 350 jobs. This decision follows the 51st GST Council meeting's decision to uphold a 28% tax on the total value generated from online gaming.

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  Microsoft's latest job cut round results in 276 layoffs: Here's why

  Technology | July 11, 2023 12:21 IST

  In January, Microsoft laid off 10,000 employees, which accounted for about 5% of their total workforce. The CEO of Microsoft, Satya Nadella, mentioned in a blog post that even though the company was reducing jobs in certain areas, it still planned to hire new employees in other important areas.

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  Over 2.12 lakh tech employees laid off worldwide in first half of 2023: Know it's impact in India

  Technology | July 01, 2023 13:05 IST

  The widespread job cuts in the global tech industry, including in India, show how the changing economy is affecting companies. To overcome these challenges, businesses are focusing on restructuring and improving their operations to keep growing in a fast-paced and ever-changing world.

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  Meta India employees scared as top executives got fired- Layoff starts

  Technology | May 25, 2023 20:53 IST

  Meta recently fired a number of employees across various levels, including teams in India. This latest layoff was expected to affect around 6,000 employees globally.

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  Why is Microsoft cutting off more jobs in the US? Read to know

  Technology | May 12, 2023 20:17 IST

  Satya Nadella, the CEO of Microsoft told the employees via memo, (which was seen in The Verge report), that only hourly workers will receive the raise this year.

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  LinkedIn shuts down InCareer app in China, laysoff more than 700 employees

  Technology | May 09, 2023 12:54 IST

  The LinkedIn revenue increased 8 per cent in the March quarter for the tech giant. In 2016, Microsoft acquired LinkedIn for more than $26 billion. The company was also in the process of discontinuing product and engineering teams in China and downsizing corporate, sales, and marketing functions.

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  Rapid layoffs in e-commerce companies, Meesho fired 15% employees, 2000 jobs in Shopify

  Technology | May 05, 2023 18:22 IST

  Tough time for people working in e-commerce companies, as Meesho has reportedly layoff around 250 employees, while Shopify is going to lay off 20 per cent of its workforce in the coming time.

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  Meta layoff: Most staffers who combat misinformation lost their jobs

  April 21, 2023 19:17 IST

  Meta (formerly Facebook) kicked off a fresh round of layoffs this week, handing over pink slips to employees with technical backgrounds globally. The job cuts impacted people working in verticals like user experience, software engineering, graphics programming and other roles.

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  Indeed CEO dumps 2200 employees, and later says that he is “heartbroken”

  Technology | March 23, 2023 15:06 IST

  In the official blog, Hyams wrote: "We anticipate we will be letting approximately 2,200 people go. This is roughly 15 per cent of our team. The specific decisions on who and where to cut were extremely difficult, but they were made with great care."

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  Is your job at risk? You are scared of being replaced of AI? Check the list

  Technology | March 17, 2023 20:00 IST

  A recent survey by Resumebuilder.com reveals that around 50% of US companies that implemented OpenAI's ChatGPT have replaced workers with AI. While the creators of the chatbot assert that there is still a place for humans in the workforce.

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  219 tech firms fired around 68,000 employees in January, more layoffs expected: Know-more

  Technology | January 29, 2023 10:29 IST

  According to the survey, a little more than half of the business economists feel the risk of a recession over the next year at 50 per cent or higher, which means more layoffs in the offing in 2023.

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  ShareChat confirms layoffs, set to remove around 400 employees: All you need to know

  Business | January 16, 2023 14:22 IST

  ShareChat's spokesperson has also confirmed the layoff news and stated that the decision was taken to prepare the company for sustaining through these headwinds. Companies like Ola, Dunzo, Byjus, OYO and Blinkit have also announced the layoff in recent months because of the lack of funding.

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  Spotify lays off staff, shuts down its podcast studio

  Technology | January 12, 2022 12:44 IST

  Spotify, a Swedish music streaming giant has reportedly shut down its podcast studio and laid off some members of the team.  Spotify declines to comment on the report.  

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  How pandemic has changed hiring for remote workforce in 2020: Challenges and Expectations

  Business | December 18, 2020 20:32 IST

  The pandemic not only added to the unemployment rate but also halted the hiring process and no organisation has been left untouched by the impact of Covid-19 and it continues to disrupt many sectors

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  Couple, daughter die by suicide in Karnataka's Dharwad over job loss fear

  India | July 26, 2020 8:09 IST

  A couple and their daughter died by suicide over the fear of job loss due to coronavirus pandemic on Saturday. The incident occurred in Karnataka's Dharwad region.

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  20 lakh job losses in bus, taxi sector; more on anvil due to pandemic: Transport body

  India | June 21, 2020 15:35 IST

  Around 20 lakh people have lost employment and an equal number are staring at job loses as private bus and tourist taxi operators have been hit hard by the coronavirus lockdown, according to the Bus & Car Operators Confederation of India (BOCI). 

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  22% workers lost jobs in northern states during lockdown: Survey

  June 11, 2020 12:34 IST

  Researchers have found that 22 per cent workers lost their jobs and 31 per cent faced partial unemployment amid the lockdown in three north Indian states.

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  COVID-19 pandemic could cost millions of jobs in global tourism industry: UN body

  World | April 17, 2020 11:33 IST

  Millions of jobs in the global tourism industry could be lost due to the COVID-19 pandemic, which has impacted travel like no other event in history and caused 96 per cent of all worldwide destinations to introduce restrictions in response to the outbreak, the World Tourism Organisation (UNWTO) has said.

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  Job loss, pay cuts worry Indians the most during lockdown: Survey

  India | April 15, 2020 14:13 IST

  Every 1 in 5 Indians is now worried about losing his or her job as the coronavirus pandemic has shut industries and businesses in India, a new survey warned on Wednesday.