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  Meta may fire 6,000 employees in 3rd round of layoffs next week: Reports

  Business | May 19, 2023 17:42 IST

  The layoffs will affect Meta's business departments and could affect thousands of employees, reports Vox.

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  Vodafone plans to cut 11,000 jobs in next 3 years

  Business | May 16, 2023 16:46 IST

  Speaking on the matter, Margherita Della Valle, Group Chief Executive, said that their performance has not been good enough.

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  Amazon layoffs continue as company fires 500 employees across verticals in India

  Business | May 16, 2023 12:26 IST

  Amazon Layoffs: While announcing 9,000 job cuts, CEO Andy Jassy stated that the decision was based on ongoing priority analysis and economic uncertainty in an online note to employees.

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  Why is Microsoft cutting off more jobs in the US? Read to know

  Technology | May 12, 2023 20:17 IST

  Satya Nadella, the CEO of Microsoft told the employees via memo, (which was seen in The Verge report), that only hourly workers will receive the raise this year.

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  Disney+ sheds 4 million subscribers ahead of new layoffs

  Technology | May 11, 2023 20:11 IST

  As part of a larger reorganization aimed at cutting $5.5 billion in costs, Disney is planning to reduce its workforce by 7,000 jobs. This latest round of job cuts is expected to impact Disney Entertainment, ESPN, Disney Parks, Experiences, and Products.

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  Intel joins Amazon, Google, Meta others in job cuts to reduce costs

  Business | May 09, 2023 13:44 IST

  In a statement to USA Today, Intel said that it is working to accelerate its strategy while navigating a challenging macroeconomic environment.

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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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  Biotech firm Twist Bioscience lays off 25% of workforce

  Business | May 08, 2023 13:43 IST

  The biopharma team has been resized to focus on revenue-generating partnerships and Twist said it will moderate its investment in DNA data storage while maintaining its competitive lead.

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  IBM may replace 7,800 jobs with AI in the next 5 years: Know more

  Technology | May 02, 2023 10:21 IST

  Krishna has been managing the century-old company since 2020 and has been witnessing constant lower growth in the businesses it has been felt by his statement that he may consider selling its weather unit soon (timeline unspecified).

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  Meta CEO Mark Zuckerberg's net worth surges over $10 billion after strong results, 2 layoff rounds

  Business | April 29, 2023 12:06 IST

  Mark Zuckerberg now has a net worth of $87.3 bn and is the 12th richest person in the world, according to the Bloomberg Billionaires Index. Meta (formerly Facebook) posted revenue of $28.65 billion, an increase of 3 pc year-over-year and beating Wall Street expectations in its March quarter.

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  Amazon layoff: Employees in Cloud, HR units lost their jobs

  Technology | April 27, 2023 17:10 IST

  Amazon Layoff: In the memo, Selipsky said, "In other regions, we are following local processes, which may include time for consultation with employee representative bodies and possibly result in longer timelines to communicate with impacted employees."

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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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  Lenovo begins laying off employees, part of $115 million cost-cutting plan

  Business | April 22, 2023 20:52 IST

  Lenovo CEO Yang Yuanqing had informed in February about a coming "workforce adjustment" as part of a broader reduction in spending. The company had about 75,000 employees at the end of its 2022 fiscal year.

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  Meta prepares fresh round of layoffs beginning today, to cut around 4,000 high-skilled jobs

  Business | April 19, 2023 17:27 IST

  In the fresh round of layoffs, around 4,000 high-skilled employees could be impacted, beginning Wednesday (today).

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  Indian startups continue to bleed but THIS firm is hiring startup professionals affected by layoffs

  Business | April 19, 2023 15:29 IST

  The mobile advertising and digital publishing solutions provider has said that it envisions to hire 150 professionals in the current fiscal

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  When will Indian startup sector start recovering from layoff crisis? Experts answer

  Business | April 14, 2023 16:00 IST

  Start up layoff crisis: Some believe that the layoff winter is likely to come to an end in the second half of 2023.

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  Is Google planning another round of layoffs? Here’s what CEO Sundar Pichai said

  Business | April 12, 2023 12:25 IST

  Google layoff news: When asked about the company’s goal of becoming 20% more efficient, Pichai stated that they are “literally looking at every aspect.”

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  Despite half a million job cuts in last 6 months, here's why blue collar jobs continue to be on rise

  Business | April 11, 2023 18:37 IST

  A report published earlier this year by Indian recruitment firm Avsar had suggested that in 2023, blue collar jobs would grow by nearly 12% vis-à-vis that in 2022.

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  Amazon layoffs around 100 employees from its gaming division

  Technology | April 05, 2023 19:30 IST

  The laid-off employees are said to be from Amazon's San Diego gaming studio and Prime Gaming, which caters to members of the company's main loyalty program.

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  Why did Unacademy layoff 12% of the workforce?

  Technology | March 30, 2023 15:46 IST

  In November 2022, Unacademy laid off around 10 per cent of its workforce which is around 350 employees at that time, as funding winter deepens for the Indian startup ecosystem.