Layoff
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Chan Zuckerberg Initiative layoff 48 employees in philanthropic move
Technology | Aug 11, 2023, 01:12 PM ISTPriscilla Chan has reportedly overseen the layoff of 48 employees from their philanthropic organization from the Chan Zuckerberg Initiative (CZI), which was established in 2015, and focuses on charitable endeavours.
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Rapid7, a US Cybersecurity company to reduce its workforce by 18%, shut office locations
Technology | Aug 09, 2023, 02:19 PM ISTThe 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 | Jul 10, 2023, 01:40 PM ISTEvernote 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 | Jun 21, 2023, 06:42 AM ISTOnline 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 | Jun 19, 2023, 11:34 PM ISTBYJU'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 | Jun 16, 2023, 08:04 PM ISTOracle 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, 08:53 PM ISTMeta 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, 01:26 PM ISTAccording 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 PM ISTThe 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, 06:22 PM ISTTough 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 | Apr 27, 2023, 12:12 PM ISTAmazon 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 | Apr 25, 2023, 04:56 PM ISTDisney 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
Reviews | Apr 21, 2023, 07:17 PM ISTMeta (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 | Apr 19, 2023, 10:00 AM ISTThis 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 | Apr 14, 2023, 02:46 PM ISTAmazon 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
Apps | Apr 09, 2023, 08:00 AM ISTOwing 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 | Apr 05, 2023, 07:55 PM ISTA 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 | Apr 03, 2023, 11:51 AM ISTAs 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 | Mar 28, 2023, 02:57 PM ISTThis 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 | Mar 24, 2023, 06:49 PM ISTThe 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.