Layoffs
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Now, Accenture to lay off 19,000 employees, cut around 2.5% workforce
Business | March 24, 2023 6:20 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.
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Layoffs in US firms will benefit Indian IT sector, bring more work to country: GlobalLogic CEO
Business | March 19, 2023 17:50 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.
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Facebook parent Meta plans new layoffs, says Report
Business | March 11, 2023 7:38 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).
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Twitter layoff: War of words between Elon Musk and ex-employee ends with surprise apology
Apps | March 08, 2023 8:03 ISTTwitter layoff: A heated conversation between Elon Musk and a former-Twitter employee went viral in which the former apologised.
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Zoom fires president Greg Tomb without any cause amid layoffs
Technology | March 06, 2023 20:00 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.
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Airbnb sacks 30% of recruiting staff despite profitable year
Business | March 05, 2023 21:52 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.
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Second wave of layoffs in Meta
Technology | March 02, 2023 13:34 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.
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Meta delays budgets for setting teams, Mark Zuckerberg might be planning to layoff more employees
Technology | February 13, 2023 18:47 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..'
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Yahoo layoffs: 'Beneficial for overall profitability of company', says CEO Jim Lanzone
Business | February 10, 2023 14:28 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.
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TikTok fires all Indian employees after three years with assured 9 months severance
Business | February 10, 2023 14:09 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.
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Disney to lay off 7,000 employees to cut costs, reward shareholders for company's transformation
Business | February 09, 2023 9:37 ISTDisney employees lay off: Entertainment giant Disney is laying off 7,000 employees to cut costs, its CEO Bob Iger has announced.
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Layoffs: 6500 employees will be employed from this company, 5% of the company's employees will be af
News | February 08, 2023 15:03 ISTComputer maker Dell is going to lay off 6,650 employees. This decision of the company will affect 5 percent of its employees.
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'I was accountable for mistakes...'- Zoom CEO after announcing 15% job cut | IT giants' layoffs LIST
Business | February 08, 2023 6:59 ISTLayoffs continue in the technology sector. The latest IT company is Zoom that announced a 15% job cut.
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After tech giants, Boeing plans to cut about 2,000 jobs in 2023
Business | February 07, 2023 12:09 ISTLayoffs continue: Aerospace company Boeing is the latest entrant in the group of big organizations that announced job cuts citing slowdown and other reasons.
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Meta CEO Mark Zuckerberg confirms further layoffs are on the way - DETAILS
Business | February 02, 2023 14:45 ISTAccording to Zuckerberg, the Facebook parent will also seek to reduce non-performing or unimportant initiatives and enhance the execution of priority.
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'Feels like slap in the face': Sacked Google techie whose mother died of cancer
World | January 27, 2023 15:19 ISTTommy York, who is based in San Francisco in the US, wrote in a LinkedIn post that his mother died in December 2022 after battling stage-four cancer.
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IBM fires nearly 3,900 employees as company fails to meet annual cash target
Business | January 26, 2023 8:24 ISTAccording to reports, the layoffs are the result of the company not meeting its annual cash target, and revenue expectations in the fourth quarter.
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Tech employees earning up to $1 million per year got laid off: Know-why?
Technology | January 23, 2023 14:08 ISTGoogle Cloud has laid off people in strategy, recruiting, and go-to-market teams. Microsoft has also shut down AltspaceVR virtual reality-based social platform it acquired in 2017. Amazon will also shut down its charity donation programme "AmazonSmile".
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Jeff Bezos makes a rare visit at Washington Post amid layoffs fears
Technology | January 20, 2023 15:47 ISTThe newspaper shut its Sunday magazine and laid off 11 newsroom employees late last year. The publication has struggled to expand its subscription business, with fewer paying subscribers last year than the three million it had in 2020.
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Twitter plans to layoff more employees in coming weeks, says report
Business | January 19, 2023 14:31 ISTAccording to reports, the micro-blogging site may cut more jobs in the coming weeks.
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