Lay Off
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Why did Elon Musk layoff entire charging network team of Tesla?
Auto | May 01, 2024, 12:23 PM ISTTesla's Supercharger network boasts the North American Charging Standard (NACS) connector technology, a system which major automakers have increased. But in the middle of tech advancement, Elon Musk’s recent directive to senior staff has stirred controversy.
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Google implements further layoffs amid reorganisation efforts; Python, Dart, Flutter affected most
Business | Apr 30, 2024, 10:29 AM ISTGoogle has launched another round of layoffs affecting teams such as Python, Dart, and Flutter, as part of a reorganisation strategy aimed at enhancing efficiency. Unlike previous layoffs due to dissent and misconduct, this move focuses on restructuring to align resources with core priorities.
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Ola Cabs CEO Hemant Bakshi steps down; company to reduce workforce by 10 per cent
Auto | Apr 29, 2024, 06:42 PM ISTHemant Bakshi, who was appointed as the CEO of Ola Cabs, resigned after four months of service in the company. The news has further triggered a workforce restructuring which will be affecting 10 per cent of employees. Bakshi's departure comes amidst challenges for the ride-hailing platform.
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Whirlpool implements 1,000 job cuts amidst stagnant US appliance demand
Business | Apr 25, 2024, 09:30 AM ISTWhirlpool, the parent company of household appliance brands Maytag and Amana, is initiating a workforce reduction of approximately 1,000 salaried positions globally due to sluggish demand in the US home appliance market.
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Google announces second major round of job cuts in 2024, tech giant says 'change is difficult'
Business | Apr 18, 2024, 11:03 AM ISTGoogle announced significant restructuring plans, possibly resulting in employee layoffs, with CFO Ruth Porat conveying the message via memo. Porat cited the tech sector's platform shift towards AI, highlighting the need for tough decisions to align with priority areas.
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Mozilla lays off 60 employees, and here is the reason
Technology | Feb 14, 2024, 07:09 PM ISTMozilla will also shut down Hubs, the 3D virtual world it launched back in 2018, and scale back its investment in its mozilla.social Mastodon instance. There will be no changes to legal/policy, finance and business operations, marketing, or strategy and operations, it said.
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SpiceJet to lay off 15 per cent of workforce, save Rs 100 crore annually
Business | Feb 13, 2024, 08:56 AM ISTCurrently, the airline operates with around 9,000 employees and maintains a fleet of about 30 planes.
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Grammarly lays off 230 workers as a part of restructuring
Technology | Feb 08, 2024, 11:31 AM ISTThe company said it will support impacted employees. Each member of the team from Ukraine will receive compensation for six months, as well as additional payments for health insurance and career coaching.
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Job cuts continue in 2024: A look at recent layoffs
Technology | Feb 05, 2024, 03:48 PM ISTIn the recent job cut wave, those who are middle managers and remote workers will be particularly vulnerable. Companies will focus on streamlining the operations at such times, leading to squeezing in the middle management roles where the remote workers.
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CureFit, backed by Zomato has streamlines operations, resulting in 120 job cuts
Technology | Jan 24, 2024, 08:17 AM ISTCureFit has reportedly laid off approximately 120 employees as part of a strategic move to streamline operations and enhance productivity for the upcoming year.
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These 46 tech companies layoff 7,500 employees in first 2 week of 2024
Technology | Jan 14, 2024, 03:40 PM ISTTech companies, including startups, around the world fired more than 425,000 employees in 2022 and 2023, with more than 36,000 employees being sacked in India in the same time frame.
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Amazon's Twitch trims over 500 jobs to turn platform profitable
Business | Jan 11, 2024, 11:42 AM ISTLast month, Twitch, headquartered in San Francisco, exited the South Korean market amid high costs associated with network fees.
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Flipkart Layoff: Ecommerce player set to let go 1,500 employees | Know-why
Technology | Jan 09, 2024, 03:16 PM ISTFlipkart has reportedly initiated the exercise via performance reviews and the job cuts are likely to be implemented by March-April. The company is also looking at internal restructuring to optimise its resources to remain profitable.
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Layoff at ShareChat: 200 employees go jobless as the company streamline its cost base
Technology | Dec 20, 2023, 05:25 PM ISTMohalla 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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Google's 12,000 job cut decision was made to adjust with the changing economic conditions- Pichai
Technology | Dec 18, 2023, 12:15 PM ISTIt was recent, when Google reportedly laid off 12000 employees, informing in a single email, sent at the same time (across the world(. The 51-year-old, Sundar Pichai said that it was a "very, very difficult decision" to immediately lay off access to laid-off employees' work accounts.
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Edtech Startup PhysicsWallah announces lay off of 120 Employees due to Performance Review
Education | Nov 20, 2023, 02:38 PM ISTAbout 120 employees have been fired after a performance review. According to media reports, this is the first reported instance of layoffs at ed-tech startup Physicswallah.
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Amazon Layoff: 180 employees lost jobs in gaming division
Technology | Nov 14, 2023, 11:30 AM ISTThis is the second round of layoff in the Games Division, as the company previously laid off around 100 jobs in the games unit. Amazon has cut more than 27,000 jobs, following a wave of U.S. tech layoffs.
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SME IPO: IT stock delivered multibagger return since listing; hits fresh highs on strong Q2 earnings
Business | Oct 29, 2023, 03:54 PM ISTThe small-cap IT stock has said that its consolidated net profit increased by more than 140 per cent on a year-on-year (YoY) basis to Rs 4.52 crore for the first six months (April to September) of the financial year 2023-24.
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Synapse, a fintech firm with Indian-origin CEO undertakes second round of layoff: Know-why?
Technology | Oct 08, 2023, 01:24 PM ISTSynapse, a fintech startup led by Indian-origin CEO Sankaet Pathak and backed by VC firm Andreessen Horowitz (a16z), has laid off 86 employees, representing approximately 40% of its workforce. Synapse secured $33 million in its Series B funding round, led by Andreessen Horowitz.
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After Meta layoff, employee achieves aspiration with Google job offer
Technology | Oct 05, 2023, 09:45 PM ISTHermione, who held the position of project sourcing manager at Meta in Singapore, expressed her gratitude for being hired by Meta during the pandemic and feeling well-treated by the company. However, her true dream was to work at Google instead of Meta.