Layoffs
-
When will Indian startup sector start recovering from layoff crisis? Experts answer
Business | Apr 14, 2023, 04:00 PM ISTStart up layoff crisis: Some believe that the layoff winter is likely to come to an end in the second half of 2023.
-
Is Google planning another round of layoffs? Here’s what CEO Sundar Pichai said
Business | Apr 12, 2023, 12:25 PM ISTGoogle layoff news: When asked about the company’s goal of becoming 20% more efficient, Pichai stated that they are “literally looking at every aspect.”
-
Despite half a million job cuts in last 6 months, here's why blue collar jobs continue to be on rise
Business | Apr 11, 2023, 06:37 PM ISTA 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.
-
Amazon layoffs around 100 employees from its gaming division
Technology | Apr 05, 2023, 07:30 PM ISTThe 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.
-
Why did Unacademy layoff 12% of the workforce?
Technology | Mar 30, 2023, 03:46 PM ISTIn 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.
-
Now, Accenture to lay off 19,000 employees, cut around 2.5% workforce
Business | Mar 24, 2023, 06:20 AM ISTAccenture Plc lowers annual revenue and profit forecasts and plans to cut 2.5% of its workforce, or 19,000 jobs, due to declining corporate spending on IT services.
-
Layoffs in US firms will benefit Indian IT sector, bring more work to country: GlobalLogic CEO
Business | Mar 19, 2023, 05:50 PM ISTIf Google, Twitter or Facebook or any of these customers actually lay off people in the US, it's not that they don't need to build products. They still need to continue to do their work and I believe that a lot of that work will come to India, said GlobalLogic President and CEO Nitesh Banga said.
-
Facebook parent Meta plans new layoffs, says Report
Business | Mar 11, 2023, 07:38 AM ISTMeta layoffs 2023: The first job losses are expected to be announced next week, with non-engineering roles expected to be hit hard, The Wall Street Journal reported on Friday (March 10).
-
Twitter layoff: War of words between Elon Musk and ex-employee ends with surprise apology
Apps | Mar 08, 2023, 08:03 AM ISTTwitter layoff: A heated conversation between Elon Musk and a former-Twitter employee went viral in which the former apologised.
-
Zoom fires president Greg Tomb without any cause amid layoffs
Technology | Mar 06, 2023, 08:00 PM ISTVideo communications company Zoom has made headlines again after abruptly firing its president, Greg Tomb, who was hired just eight months ago. The move comes just a month after the company announced layoffs of around 1,300 employees.
-
Airbnb sacks 30% of recruiting staff despite profitable year
Business | Mar 05, 2023, 09:52 PM ISTIt reported $319 million in net income for the quarter, up from $55 million a year earlier. In its shareholder letter, Airbnb said it's seeing continued strong demand at the start of 2023.
-
Second wave of layoffs in Meta
Technology | Mar 02, 2023, 01:34 PM ISTMeta plans to push certain executives into lower-level roles without direct reports. The managerial hierarchy between CEO Mark Zuckerberg and the company's interns will effectively be flattened as a result.
-
Meta delays budgets for setting teams, Mark Zuckerberg might be planning to layoff more employees
Technology | Feb 13, 2023, 06:47 PM ISTMark Zuckerberg has announced 2023 as "the year of efficiency" for the company which has led to rumors that the company would be laying off more employees in coming months..'
-
Yahoo layoffs: 'Beneficial for overall profitability of company', says CEO Jim Lanzone
Business | Feb 10, 2023, 02:28 PM ISTYahoo layoffs: The layoffs will help the company to go on offense and invest more in businesses that are profitable. According to the company, 12 per cent of the workforce (around 1,000 employees) would be laid off on Friday.
-
TikTok fires all Indian employees after three years with assured 9 months severance
Business | Feb 10, 2023, 02:09 PM ISTTikTok has fired its entire Indian staff, almost three years after being banned in the country. The employees, who served the Brazilian and Dubai markets, were informed that February 28 would be their last day and were promised nine months of severance pay.
-
Disney to lay off 7,000 employees to cut costs, reward shareholders for company's transformation
Business | Feb 09, 2023, 09:37 AM ISTDisney employees lay off: Entertainment giant Disney is laying off 7,000 employees to cut costs, its CEO Bob Iger has announced.
-
Layoffs: 6500 employees will be employed from this company, 5% of the company's employees will be af
News | Feb 08, 2023, 03:03 PM ISTComputer maker Dell is going to lay off 6,650 employees. This decision of the company will affect 5 percent of its employees.
-
'I was accountable for mistakes...'- Zoom CEO after announcing 15% job cut | IT giants' layoffs LIST
Business | Feb 08, 2023, 06:59 AM ISTLayoffs continue in the technology sector. The latest IT company is Zoom that announced a 15% job cut.
-
After tech giants, Boeing plans to cut about 2,000 jobs in 2023
Business | Feb 07, 2023, 12:09 PM ISTLayoffs continue: Aerospace company Boeing is the latest entrant in the group of big organizations that announced job cuts citing slowdown and other reasons.
-
Meta CEO Mark Zuckerberg confirms further layoffs are on the way - DETAILS
Business | Feb 02, 2023, 02:45 PM ISTAccording to Zuckerberg, the Facebook parent will also seek to reduce non-performing or unimportant initiatives and enhance the execution of priority.