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  Amazon begins another round of layoffs, 18,000 employees to be affected

  Business | January 19, 2023 10:26 IST

  Amazon 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 | January 18, 2023 18:45 IST

  Economic 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 | December 13, 2022 22:25 IST

  Reports 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 | December 13, 2022 16:47 IST

  The 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 | December 13, 2022 8:15 IST

  A 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 | November 22, 2022 13:06 IST

  Elon 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 | November 22, 2022 12:58 IST

  Alphabet 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 | November 17, 2022 8:08 IST

  Amazon 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 | November 16, 2022 16:31 IST

  Soon 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 | November 16, 2022 15:11 IST

  The 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 | November 15, 2022 7:34 IST

  Amazon’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 | November 06, 2022 14:33 IST

  Udaan'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 | October 30, 2022 7:51 IST

  Elon 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 | October 28, 2022 13:55 IST

  Intel 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 | October 21, 2022 7:51 IST

  Twitter 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.

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  'Scariest economics paper of 2022' forecasts huge layoffs over next 2 yrs

  Business | September 10, 2022 21:58 IST

  The paper from the Brookings Institution by Johns Hopkins macroeconomist Larry Ball with co-authors Daniel Leigh and Prachi Mishra of the International Monetary Fund (IMF) found that "this unemployment path returns inflation to near the Fed's target only under optimistic assumptions".

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  Ford confirms to layoff 3,000 staff in US, India: Report

  Business | August 23, 2022 11:18 IST

  The job cuts at Ford are effective September 1, a spokesman said.

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  Over 32K tech workers fired in US, more than 11K in India this year

  Business | August 01, 2022 12:22 IST

  Since April 1 this year, more than 43,000 workers from 342 tech companies/startups have been laid off across the world and over 13 per cent are from India.

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  Shopify lays off 1,000 employees from sales, support, recruitment depts

  Business | July 27, 2022 10:17 IST

  Shopify CEO Tobi Lutke said that before the pandemic, ecommerce growth had been steady and predictable.

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  After Netflix and Spotify, Meta plans to layoff: Why?

  Technology | July 13, 2022 18:30 IST

  At Meta, the managers have been asked to identify and "move to exit" the poor-performing employees of the company. The decision has been taken because the company is struggling with macroeconomic pressures and hitting its advertising business.