Layoffs Latest News, Photos and Videos

MPL layoffs 50% of workforce amid 28% GST imposition on online gaming

Technology | Aug 09, 2023, 02:32 PM IST

Mobile Premier League (MPL)- an online gaming platform is reportedly reducing its workforce by approximately 50%, affecting around 350 jobs. This decision follows the 51st GST Council meeting's decision to uphold a 28% tax on the total value generated from online gaming.

Microsoft announces layoffs of 276 employees

Microsoft's latest job cut round results in 276 layoffs: Here's why

Technology | Jul 11, 2023, 12:21 PM IST

In January, Microsoft laid off 10,000 employees, which accounted for about 5% of their total workforce. The CEO of Microsoft, Satya Nadella, mentioned in a blog post that even though the company was reducing jobs in certain areas, it still planned to hire new employees in other important areas.

global tech, tech sector, tech companies, employees, global macroeconomic conditions, tech layoffs,

Over 2.12 lakh tech employees laid off worldwide in first half of 2023: Know it's impact in India

Technology | Jul 01, 2023, 01:05 PM IST

The widespread job cuts in the global tech industry, including in India, show how the changing economy is affecting companies. To overcome these challenges, businesses are focusing on restructuring and improving their operations to keep growing in a fast-paced and ever-changing world.

National Geographic lays off last of its staff writers: Reports

Business | Jun 29, 2023, 07:06 PM IST

The move comes as a cost-cutting measure by the parent company, Walt Disney Co. The layoffs were the second over the past nine months, and the fourth since a series of ownership changes began in 2015.

Uber to lay off 200 employees; 17 pc reduction in workforce since COVID pandemic

Business | Jun 22, 2023, 04:19 PM IST

Since the beginning of the epidemic, the company has reduced its employees by 17 per cent.

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

Business | May 19, 2023, 05:42 PM IST

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

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

Business | May 16, 2023, 04:46 PM IST

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

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

Business | May 16, 2023, 12:26 PM 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.

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

Technology | May 12, 2023, 08:17 PM 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.

Disney+ sheds 4 million subscribers ahead of new layoffs

Technology | May 11, 2023, 08:11 PM 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.

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

Business | May 09, 2023, 01:44 PM IST

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

LinkedIn shuts down InCareer app in China, laysoff more than 700 employees

Technology | May 09, 2023, 12:54 PM 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.

Biotech firm Twist Bioscience lays off 25% of workforce

Business | May 08, 2023, 01:43 PM 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.

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

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

Technology | May 02, 2023, 10:21 AM 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).

Meta CEO Mark Zuckerberg, Mark Zuckerberg net worth surges over dollar 10 billion, meta layoff round

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

Business | Apr 29, 2023, 12:06 PM 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.

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

Technology | Apr 27, 2023, 05:10 PM 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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