Tag: Layoff
Over 180 Air India staff laid off as they were unable...
Air India has let go of over 180 non-flying staff members in recent weeks. The impacted employees are those who failed to utilise the...
IBM restructures workforce, cuts marketing and communications jobs
Tech giant IBM announced layoffs in its marketing and communications division, the latest move in a broader workforce restructuring focused on automation and emerging...
286 jobs to be axed at Citigroup in New York
Citigroup will let go 286 of its employees in New York as part of its attempt to cut its workforce strength by eight per...
Apple discards electric car project; will lay off/move employees
Apple has shelved its autonomous electric car project. That means, hundred of employees working on the project will lose their jobs. Some employees from...
Staff of The Body Shop bracing for layoffs, store closures?
The Body Shop appears to be headed for layoffs, as its stores are expected to close soon in the UK, to cut costs. The...
BlackBerry to save costs, reduce headcount
BlackBerry is determined to cut costs and focus on profits. This will require some restructuring, which will lead to headcount reductions yet again. Its...
SpiceJet to axe 1400 roles in bid to stay afloat
Indian budget carrier SpiceJet is facing turbulence, announcing plans to lay off 1,400 employees – 15 per cent of its workforce – in a...
Cisco to reduce workforce, to axe thousands of jobs
Cisco’s present global workforce of over 84,000 employees, will soon shrink. As part of a restructuring exercise, the company is preparing to lay off...
Layoffs affect hundreds at Amazon Pharmacy, One Medical
Having already laid off about 27,000 employees since the beginning of 2023, Amazon and its subsidiaries are continuing their layoffs into 2024 now. The...
Snapchat to let go 500 from global workforce
Social-media firm, Snap, which is the parent company of Snapchat, is reducing its global workforce by 10 per cent. That means, about 500 employees...
Wipro axes mid-level roles as profit margins bite
In response to global economic challenges post-Covid, Wipro, the Indian IT services giant, is undergoing a substantial restructuring, targeting the elimination of ‘hundreds’ of...
Google lets go employees from Alphabet’s X Lab
X Lab, set up by Google’s parent company, Alphabet, is laying off members of its team. The objective is to restructure the lab such...
Vroom shuts down e-commerce operations, axes 90% of workforce
In a dramatic move to conserve cash, leading online used car platform Vroom is shutting down its core e-commerce operations and laying off nearly...
eBay joins industry layoffs, cuts 1,000 jobs despite profit
eBay, a major player in the e-commerce industry, is set to reduce its workforce by laying off approximately 1,000 employees, constituting about 9 per...
TikTok cuts costs, roles in sales & advertising
As part of what it calls a reorganisation exercise, TikTok, the Chinese short-video making app has decided to cut the size of its sales...
3000 jobs may be cut at Tata Steel, UK
At least one third of the workers at Tata Steel’s plant in Wales, UK may be rendered jobless, as per media reports. The Indian...
Pichai warns of further Google layoffs, citing simplification & AI advancements
Sundar Pichai, the CEO of Google and its parent company Alphabet, has ignited anxieties within the tech giant by hinting at further job cuts...
YouTube axes 100 jobs; more cuts to happen at Google
Google is endeavouring to cut costs and focus on using artificial intelligence (AI). As part of this exercise, YouTube, its video platform has laid...
Musk faces defamation suit over Twitter layoffs tweet
Platform X again made its way into the headlines due to its CEO, Elon Musk. Another defamation case is to be lodged against Musk...
Behind the cuts: Audible CEO justifies layoffs as essential for future...
In a move echoing similar cost-cutting efforts across Amazon, Audible's CEO Bob Carrigan has announced the reduction of approximately 5 per cent of the...
Discord cuts 17% of its workforce
After Google, Amazon, Meta, and Twitter, Discord, a popular messaging platform, is now executing its largest-ever layoffs. As part of its strategic plan, the...
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...
Gaming software maker Unity to let go 1,800 employees
San Francisco-based videogame software manufacturer, Unity Software, is trimming its workforce by 25 per cent, letting go about 1,800 members.
This was revealed in a...
Frontdesk faces closure after abrupt layoff of entire workforce
Frontdesk, an online rental platform, recently made headlines as the first tech startup to terminate all 200 employees through a brief two-minute Google Meet...
Nike’s $400 mn in severance to save $2 bn in costs
While Nike is gearing to lay off hundreds from its workforce to cut costs of up to $2 billion, it will be spending about...