Tag: downsizing
Nike plans to axe at least 1,600 jobs
As part of cost-cutting measures, Nike, the global sportswear brand, is gearing to do away with two per cent of its global workforce. That...
600 to be laid off at BlackRock
BlackRock is all set to reduce its 20,000-strong workforce by 600 employees. That means, three per cent of the team will be rendered jobless...
Will livestreaming platform, Twitch let go 500 today?
Having witnessed many top-level exits in 2023, Twitch, the livestreaming platform that was acquired by Amazon about nine years ago, is all set to...
FedEx to trim IT and finance departments
Memphis-based shipping company, FedEx, is reportedly gearing to axe a few jobs in the information technology (IT) and finance departments as part of a...
SenseTime cuts workforce cuts amidst fierce tech competition
SenseTime, a Chinese AI firm, has reportedly implemented workforce reductions across multiple divisions. Employees impacted by this decision have been given a week to...
Closure of Houston office of Credit Suisse will lead to job...
Credit Suisse was bought over by the UBS Group in June. Post this acquisition, UBS had revealed its intention to reduce headcount in the...
Amazon to reduce workforce at Fresh grocery outlets
Headcount is being reduced at Amazon’s 40+ Fresh grocery stores across the US. The retailer is doing away with the ‘zone lead’ role, that...
At least 150 may be laid off at Navi Technologies
Navi Technologies, the non-banking financial company (NBFC) — dealing in digital loans, home loans, mutual funds, health insurance and micro-loans — is set to...
Is Xiaomi India planning to shed staff?
It is reported that Xiaomi India may be planning a round of layoffs, with the aim of bringing down its workforce strength to less...
Has Byju’s laid off 500- 1000 employees?
Byju’s, the edtech platform, has been trying to streamline operations, cut costs and improve profitability for some time now. As part of its attempts,...
Cognizant to cut costs; lay off 3,500
In an attempt to cut costs and increase margins, Cognizant, the IT services company is planning to lay off 3,500 employees and also let...
Ericsson to axe 10% of jobs in Sweden
As part of global cost-cutting measures, Ericsson, the telecom networking company is set to reduce its 14,500-strong workforce in Sweden by 1,400. That means,...
Over 1,00,000 jobs axed in the US in January 2023
Since the year 2020, employers in the US have axed the maximum jobs, reveals a report. About 1,02,943 jobs were cut in January 2023,...
Meta’s middle managers are now on notice
Having sacked over 11,000 employees in a layoff news that created waves, Meta is now looking to axe middle-management roles.
The tech giant has already...
Online higher education platform upGrad to downsize?
Upgrad may let go of hundreds of its employees in the days to come, reported
IANS. If the source is to be believed, people aware...
Google CEO does not deny possibility of layoffs
Amidst the layoff season in the technology sector, Googlers are now feeling restless as uncertainty about their future mounts. In September, in an endeavour...
Cisco is cutting over 4,000 jobs
As part of an attempt at rightsizing some businesses, Cisco, the networking company, has begun the process of job cuts, doing away with about...
Is Swiggy preparing to lay off employees?
In addition to losses, Swiggy, the food-delivery platform has been grabbing headlines for the ongoing strike by its employees in Kochi. Now, according to...
Oyo to cut 600 jobs as part of organisational restructuring
Oyo is undergoing major restructuring, with some teams being merged and functions being integrated. The hospitality chain is letting go 600 employees, but is...
Teachmint lays off 5% of its workforce
Teachmint, an Indian edtech startup has decided to lay off 45 employees, that is, about five per cent of its total workforce. Without disclosing...
Has FIS asked 400 Pune employees to leave?
Fidelity National Information Services (FIS), Pune, the Indian arm of the American multinational fintech firm, is on a layoff spree, to deal with redundancy....
HP to cut at least 4,000 jobs in 3 years
In an attempt to cut annual costs by about $1.4 billion, Hewlett-Packard, the computer-manufacturing company, is planning to let go about 4,000 to 6,000...
Is Zomato laying off 4% of its workforce to cut costs?
Zomato, the online food-delivery platform is reportedly set to reduce its about 3,800-strong workforce by four per cent. That means, at least a 100...
Thousands may be laid off at Meta this week
Meta, which is Facebook’s parent company, is all set to lay off thousands of employees this week.
As per Wall Street Journal, a formal announcement...
33% CEOs in India have imposed a hiring freeze: Report
With the fear of recession having gripped organisations worldwide, the focus on hiring freezes has increased. In fact, 33 per cent CEOs in India...
Boeing to outsource jobs to TCS
In a virtual meeting, Boeing has conveyed to its non-unionised corporate employees that it is all set to outsource its finance and accounting jobs...