Layoff
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Amazon India begins layoffs, offers 5 months pay as severance
Business | Jan 13, 2023, 01:15 PM ISTAmazon India has announced that it will be laying off around 1,000 of its employees. This news comes as Amazon India continues to grow at a rapid pace, with the company investing heavily in its operations in the country.
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Amazon to layoff over 18,000 employees citing 'economic uncertainty' | KNOW DETAILS
Business | Jan 05, 2023, 10:57 AM ISTAmazon layoff news: In November 2022 too, Amazon reduced staff size by approximately 10,000, especially in the Devices and Books businesses, and also announced a voluntary reduction offer for some employees in its People, Experience, and Technology (PXT) roles.
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Is Swiggy planning to lay off staff because of the losses?
Technology | Jan 02, 2023, 05:59 PM ISTThe upcoming layoffs at Swiggy will impact the company's quick commerce delivery service Instamart to reduce cash burn. In November 2022, global brokerage firm Jefferies said that Swiggy was fast losing market share to its rival Zomato despite offering heavy discounts.
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Sundar Pichai refuses to quell upcoming mega layoffs fears at Google
Technology | Dec 13, 2022, 08:15 AM ISTA report last month claimed that Alphabet is gearing up to lay off about 10,000 "poor performing" employees, or 6 per cent of its workforce. According to a report in The Information, Google plans to ease out 10,000 employees through a new ranking and performance improvement plan.
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853 tech firms lay off over 137,492 workers globally, more job cuts coming
Technology | Nov 24, 2022, 07:22 PM ISTIn mid-November, around 73,000 workers in the US tech sector have been laid off in mass-level job cuts led by companies like Meta, Twitter, Salesforce, Netflix, Cisco, Roku, and others.
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Twitter Update: 1200 software engineers leave micro-blogging platform, Musk needs help for coding
Technology | Nov 24, 2022, 06:11 PM ISTrecently Musk mailed about the new norms in the company which backlashed him- and around 1,200 software engineers resigned from their position. The act took place post Musk sent the ultimatum email to the employees, updating them on the new strict work culture with 80 hours/week timeline. Know more.
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Tech layoff season has a new entrant after Twitter, Google: HP to fire nearly 6,000 employees
Technology | Nov 23, 2022, 03:25 PM ISTHP firing employees: The company announced a 'Future Ready Transformation Plan', estimating annualised gross run rate cost savings of at least $1.4 billion by the end of fiscal 2025, and restructuring and other charges of approximately $1 billion.
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Facebook CEO Mark Zuckerberg confirms laying off thousands of employees today: Reports
World | Nov 09, 2022, 10:28 AM ISTFacebook employees lay off: According to reports, the company is anticipated to let off thousands of employees from Wednesday. This will likely be the biggest layoff in the tech industry this year.
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Philips to cut 4,000 jobs in the coming days, and here is the reason
Technology | Oct 25, 2022, 11:59 AM ISTPhilips appointed Roy Jakobs as the new CEO, a week back and recently it was reported that the company is set to lay off around 4000 people working in the R&D, warehouses, consolidating suppliers and more. The decision has been taken, post witnessing the drop in Q3 this year.
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Snap set to lay off 20% employees and here is the reason
Technology | Aug 31, 2022, 10:43 AM ISTSnap currently has more than 6,400 employees, out of which around 1,280 employees will be shown the door.
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Snapchat is to lay off 6,000 employees and here is the reason
Technology | Aug 10, 2022, 04:04 PM ISTA report recently stated. "It's currently unclear how many of Snap's more than 6,000 employees will be laid off, as managers across the company are still planning the full scope of the cuts for their teams."
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Tesla fires 229 employees from Autopilot team, shuts office
World | Jul 13, 2022, 11:46 AM ISTTesla layoffs are part of the 10 per cent reduction in the salaried workforce that Elon Musk announced last month.
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Ola has shut down Ola Cafe, Ola Foods, food panda and Ola Dash, and here is the reason
Technology | Jul 06, 2022, 01:16 PM ISTOla has reportedly asked its senior executives to find employees in their teams on a performance basis who can be asked to go.
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Netflix will no longer be an ad-free platform!
Technology | Jun 24, 2022, 06:00 PM ISTNetflix witnessed its stock tumbling by 20 per cent after it reported a loss of 2 lakh paid subscribers in the first quarter of 2022, its first subscriber loss in over a decade.
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Netflix surprises the staff, lays off 150 employees
Technology | May 18, 2022, 11:52 AM ISTNetflix has been witnessing the loss of subscriptions and this made the streaming giant lay off around 150 employees from the company recently.
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Spotify lays off staff, shuts down its podcast studio
Technology | Jan 12, 2022, 12:44 PM ISTSpotify, 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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OYO lays off around 300 employees
Business | Dec 08, 2020, 09:05 PM ISTHospitality firm OYO has laid off around 300 employees mainly from renovation and operations departments, according to sources in know of the matter.
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No layoffs so far but surging COVID-19 cases in some states cause for concern: Bata chairman
Business | Aug 06, 2020, 07:56 PM ISTBata India Chairman Ashwani Windlass on Thursday said it has not laid off any employee so far, but admitted that there is not much clarity on "where the footwear major is heading" amid the raging COVID-19 pandemic.
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KLM airlines announces massive layoffs; says would cut nearly 5,000 positions
Business | Aug 01, 2020, 09:50 AM ISTAs part of the measures, a total of 4,500 to 5,000 positions in the entire KLM Group, part of Franco-Dutch airline Air France-KLM, will cease to exist. This means that the workforce will be reduced to around 28,000 full-time equivalents (FTEs) in the course of 2021 from the current 33,000 FTEs.
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IndiGo to lay off 10% of its workforce, CEO Ronojoy Dutta announces
Business | Jul 20, 2020, 06:28 PM ISTIndiGo will lay off 10% of its workforce, CEO Ronojoy Dutta announced today. The low-cost carrier's decision comes at a time when the country is battling coronavirus pandemic, which has eaten up into a lot of business.