Layoffs
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'Feels like slap in the face': Sacked Google techie whose mother died of cancer
World | Jan 27, 2023, 03:19 PM 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 | Jan 26, 2023, 08:24 AM 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 | Jan 23, 2023, 02:08 PM 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 | Jan 20, 2023, 03:47 PM 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 | Jan 19, 2023, 02:31 PM ISTAccording to reports, the micro-blogging site may cut more jobs in the coming weeks.
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Amazon begins another round of layoffs, 18,000 employees to be affected
Business | Jan 19, 2023, 10:26 AM ISTAmazon confirmed the layoffs and their massive scale, saying that including the ones from last year, fresh round, and potential additional cuts in 2023, they would affect 18,000 employees overall.
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Tech industry in turmoil: Layoffs on the rise as companies struggle to stay afloat
Technology | Jan 18, 2023, 06:45 PM ISTEconomic slowdown has left a huge impact on the tech industry, as top companies including Amazon, Twitter, and Salesforce announce layoffs and cost-cutting measures in 2023
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Cisco joins big tech companies, starts laying off over 4,000 employees
Business | Dec 13, 2022, 10:25 PM ISTReports first surfaced last month that the networking giant Cisco is gearing up to lay off over 4,000 employees in a "rebalancing" act while "rightsizing certain businesses".
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Goldman Sachs to lay off hundreds of employees: Report
Business | Dec 13, 2022, 04:47 PM ISTThe company's decision to cut jobs comes after chief executive David Solomon announced plans to curtail "Main Street" banking ambitions, reports The Financial Times.
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Sundar Pichai refuses to quell upcoming mega layoffs fears at Google
Technology | Dec 13, 2022, 08:15 AM ISTA report last month claimed that Alphabet is gearing up to lay off about 10,000 "poor performing" employees, or 6 per cent of its workforce. According to a report in The Information, Google plans to ease out 10,000 employees through a new ranking and performance improvement plan.
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Twitter is done with layoffs, ready to hire again: Elon Musk
Business | Nov 22, 2022, 01:06 PM ISTElon Musk claimed that Twitter is now actively hiring for positions in engineering and sales, reports suggested.
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Google's parent company Alphabet plans to lay off 10,000 employees based on new performance method
Technology | Nov 22, 2022, 12:58 PM ISTAlphabet has a workforce of nearly 187,000 employees and is yet to comment on the reported mass layoffs that may hit the company in days to come or early next year.
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Amazon begins mass layoffs in corporate ranks; data scientists, software engineers bear the brunt
Business | Nov 17, 2022, 08:08 AM ISTAmazon begins layoffs: The company's notification to regional authorities in California stated that it would lay off around 260 employees at various facilities, including data scientists, software engineers and other corporate workers.
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Amazon begins layoffs; asks employees to 'find another job within two months'
Business | Nov 16, 2022, 04:31 PM ISTSoon after the layoffs began, several Amazon employees took to LinkedIn and posted for new jobs, saying they have been asked to leave.
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WhatsApp India head Abhijit Bose, Meta's Public Policy head Rajiv Aggarwal resign
Technology | Nov 16, 2022, 03:11 PM ISTThe company has given charge of Meta India Public Policy to Shivnath Thukral who is currently serving as Director of WhatsApp Public Policy in India.
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After Twitter, Facebook, now Amazon plans to lay off 10,000 employees in coming days: Report
Business | Nov 15, 2022, 07:34 AM ISTAmazon’s layoffs come just weeks after Twitter’s new owner billionaire Elon Musk reduced the social media’s workforce by half and Meta announced it will lay off 13 per cent of its workforce or 11,000 employees.
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B2B e-commerce startup Udaan lays off 350 employees after raising $120 mn
Business | Nov 06, 2022, 02:33 PM ISTUdaan's chief financial officer Aditya Pande wrote in an email that the total funds raised by Udaan through convertible notes and debt in the last four quarters have crossed $350 million, making it one of the largest structured instrument fund raises in the country.
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Elon Musk to 'remodel' Twitter, plans to lay off employees
World | Oct 30, 2022, 07:51 AM ISTElon Musk twitter: The Tesla CEO also instilled suspicion amongst social media users when he tweeted on his Twitter "Let the good times roll" shortly after he acquired the social media platform and closed the deal.
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Intel set to lay offs employees as it cuts billions of dollars in spending
Business | Oct 28, 2022, 01:55 PM ISTIntel CEO Pat Gelsinger, during the company's Q3 earnings call, said that we are responding to the current environment by taking aggressive actions to reduce costs.
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Twitter likely to witness 75% job cuts as Musk plans massive layoffs
Business | Oct 21, 2022, 07:51 AM ISTTwitter buyout deal was earlier stalled by Elon Musk after he alleged the social media giant misrepresented the number of fake “spam bot” accounts on its platform.