Layoffs
-
Infosys lays off over 300 freshers at Mysuru campus for not clearing internal assessment
Business | Feb 07, 2025, 04:45 PM ISTInfosys lay offs 2025: IT employee union NITES has threatened to lodge an official complaint with the Ministry of Labour and Employment, seeking urgent intervention and strict action against the company.
-
Google laid off 10% of managerial staff in efficiency push amid rising AI competition: Report
Business | Dec 21, 2024, 12:59 PM ISTIn September 2022, Sundar Pichai emphasised his vision for making Google 20 per cent more efficient. Just a few months later, in January 2023, the company implemented one of its largest workforce reductions, eliminating 12,000 jobs globally.
-
Boeing mass layoffs: US aircraft manufacturer to cut 17,000 jobs after facing $5 billion loss
Business | Oct 12, 2024, 11:38 AM ISTBoeing recorded a loss of $5 billion in the third quarter as the US planemaker continued to spiral during a month-long strike. The company had already faced issues with the certification of the 777X that had significantly delayed the plane's launch.
-
Microsoft lays off internal team dedicated to diversity, equity, inclusion: Details here
Technology | Jul 18, 2024, 06:57 PM ISTMicrosoft has been conducting frequent job cuts lately. The new job cuts are part of Microsoft's annual workforce adjustments. The company has cited "changing business needs" behind its recent move.
-
Yes Bank sacks 500 employees to cut costs, more layoffs likely in coming weeks: Reports
Business | Jun 26, 2024, 10:14 PM ISTYes Bank is reportedly aiming to reduce expenses by focusing on digital banking and minimizing manual processes. The ongoing restructuring initiative is also expected to contribute to lowering the bank's operational costs.
-
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.
-
Apple to lay off more than 700 employees after halting various projects
Technology | Apr 05, 2024, 12:23 PM ISTApple recently halted some of its projects including the Apple Car project and Micro-LED displays. Now, the company is laying off hundreds of its employees mainly from these projects.
-
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.
-
Why is Snapchat's parent company, Snap, cutting 10 per cent of its workforce?
Technology | Feb 06, 2024, 06:40 AM ISTSnap's parent company, Snap, is reducing its workforce by 10%, which means around 530 employees will be laid off. Here's everything you need to know.
-
Deutsche Bank to cut 3,500 jobs even as it records USD 4.5 billion profit last year
Business | Feb 01, 2024, 11:03 PM ISTDeutsche Bank said the reduction in the number of positions would mostly be for jobs that don't involve directly dealing with customers.
-
Salesforce cuts 700 jobs in latest tech layoffs: Know more
Technology | Jan 26, 2024, 06:13 PM ISTSalesforce is cutting around 700 jobs, around 1 per cent of its workforce, marking a trend in the tech industry where companies like Google and YouTube are also making layoffs in 2024.
-
Flipkart set to lay off 1,000 employees: Here's what we know so far
Technology | Jan 25, 2024, 07:02 PM ISTFlipkart is reportedly letting go of 1,000 employees, around 5 per cent of its workforce, after a year of freezing hiring and not providing salary increments.
-
eBay joins Google and Amazon in employee layoffs, thousands affected: Know more
Technology | Jan 24, 2024, 02:25 PM ISTeBay is letting go of 1,000 employees (9 per cent of its workforce) to make the company more efficient, despite making a profit, and similar changes are happening in other big companies too.
-
Google CEO Sundar Pichai prepares staff for further job cuts this year: Know more
Technology | Jan 29, 2024, 12:26 PM ISTGoogle CEO Sundar Pichai alerts employees about upcoming job cuts as part of the company's restructuring, aiming to simplify operations and drive progress toward ambitious goals.
-
'We have had to make some difficult decisions about..': Google after laying off 1,000 employees
Technology | Jan 16, 2024, 06:48 PM ISTGoogle has announced layoffs impacting 1,000 employees, offering support for affected individuals to re-apply for positions and providing transition assistance.
-
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.
-
Google, Amazon job slashes: Impact on hundreds across various departments
Technology | Jan 12, 2024, 06:12 PM ISTAmazon has been pulling up to lay off hundreds of employees in its Prime Video and MGM Studios segment. The company has started notifying the workers in the US and will inform most of the region by the end of this week.
-
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.
-
Amazon fires people from Music team in fresh layoffs amid CEO Andy Jassy's cost-cutting campaign
Business | Nov 09, 2023, 01:09 PM ISTAmazon layoffs: Amazon has recently carried out another round of layoffs, impacting employees working in its audio streaming service, Amazon Music.
-
Byju’s to cut around 5,000 jobs in business restructuring exercise
Business | Sep 27, 2023, 07:45 AM ISTByju's news: According to TechCrunch, Byju’s will go through the restructuring exercise to pare down costs amid a broad restructuring of its business following a delayed Initial Public Offering (IPO) and pressure from lenders.