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  Rapid7, a US Cybersecurity company to reduce its workforce by 18%, shut office locations

  Technology | August 09, 2023 14:19 IST

  The company's filing stated that the restructuring effort will encompass an 18% reduction in the workforce and will incur charges amounting to around $24-$32 million. While the decision might appear unexpected given the company's meeting of performance expectations.

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  Evernote implements major workforce reduction, relocates operations to Europe

  Technology | July 10, 2023 13:40 IST

  Evernote plans to tap into the expertise and skills of Bending Spoons' workforce, comprising over 400 professionals, many of whom have actively contributed to the development of Evernote following the acquisition.

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  Online marketplace, OLX strategically exit the Auto business, cutting around 800 jobs

  Technology | June 21, 2023 6:42 IST

  Online marketplace OLX Group is exiting its Olx Autos business and discontinuing operations in several countries, including Chile, India, Indonesia, and Turkey, as it seeks to optimize its operations and focus on local market sales.

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  BYJU's lays off close to 1,000 employees across all departments

  Business | June 19, 2023 23:34 IST

  BYJU's had announced cutting about 5 per cent of 2,500 employees over six months starting October 2022 as it unveiled the company's plan to become profitable by March 2023.

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  Oracle lays off hundreds of employees in its Cerner health unit

  Business | June 16, 2023 20:04 IST

  Oracle had acquired healthcare records firm Cerner for $28.4 billion. According to Insider, Oracle paused raises and promotions and "laid off thousands of employees in the unit" as recently as May after the acquisition closed in June last year.

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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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  CRED-owned Happay lays off 35% of its workforce

  Business | May 15, 2023 13:26 IST

  According to leading startup news portal Inc42, at least 160 employees from departments like sales, marketing, tech, product, and operations, have been asked to go by the platform.

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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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  Amazon Layoff: Health-focused Halo division dissolved

  Technology | April 27, 2023 12:12 IST

  Amazon Layoff: The e-commerce launched the original Halo Band in 2020 which they dissolved it. Amazon will fully refund purchases made in the preceding 12 months of Amazon Halo View, Amazon Halo Band, Amazon Halo Rise, and Amazon Halo accessory bands.

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  Disney Layoff: Around 4000 employees might lose their jobs

  Technology | April 25, 2023 16:56 IST

  Disney Layoff: The upcoming layoffs are expected to start soon and they will be affecting the market across the country from California, Burbank, to New York and Connecticut.

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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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  Meta employees at risk as the company set to cut down around 4K high-skilled jobs

  Technology | April 19, 2023 10:00 IST

  This week's layoffs could be in the range of 4,000 jobs, and Meta will also announce newly reorganised teams and management hierarchies, the report mentioned.

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  Amazon layoffs: CEO Andy Jassy opens up about 27,000 job cuts, AI and more

  Business | April 14, 2023 14:46 IST

  Amazon layoffs: Amazon CEO Andy Jassy acknowledged that some of the actions, like firing 27,000 employees, are tough, but the decision will be good for the business.

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  Amazon and Google are finding it difficult to lay off employees in Europe: Know-why

  April 09, 2023 8:00 IST

  Owing to the strict labour laws in France and Germany, Google is speaking with works councils, organisations made up of elected employee representatives that communicate with management about issues affecting the workforce.

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  Elon Musk's Twitter faces new lawsuit for firing employees without prior notice

  Business | April 05, 2023 19:55 IST

  A new complaint has been filed against Elon Musk’s Twitter, accusing the social media company of illegally terminating contract workers without warning.

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  McDonald's temporarily closes US offices, plans layoffs: Reports

  Business | April 03, 2023 11:51 IST

  As part of an updated business plan, the fast-food company declared that it will be reconsidering its corporate employment levels. This review could result in layoffs in some areas, while other areas could experience expansion.

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  Disney to layoff 7,000 employees this week: What CEO Bob Iger said in his email

  Business | March 28, 2023 14:57 IST

  This move by Disney comes amid a retrenchment in the entertainment industry, which initially embraced video streaming with great enthusiasm. Established media companies incurred significant losses as they launched competitors to Netflix Inc.

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  Akasa Air to hire nearly 1,000 people by March 2024

  Budget | March 24, 2023 18:49 IST

  The announcement by Akasa Air to hire nearly 1,000 people by March 2024 will help dispel the pessimism prevailing due to a streak of layoffs by big firms.

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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."