Tag: Layoff

It hasn’t been long since Intel announced the layoff of about 340 people in California. And now, it is reportedly resorting to pay cuts....

Uber Freight announced on Tuesday that it will be cutting around 150 jobs, which is roughly 3 per cent of its total workforce. As...

IBM is gearing to axe 3,900 jobs as part of an asset divestment exercise. The Company has been unable to achieve its cash target...

The Nascent Information Technology Employees Senate (NITES)has taken up the cause of the 452 freshers laid off by Wipro. These freshers were told by...

A major slowdown has gripped the diamond sector in the country. With reports of many small units having been shut down amidst a significant...

About 452 freshers at Wipro were told that they had to leave because they did not score well in the internal assessment. These freshers had...

In October 2022, Icertis, the Software-as-a-Service (SaaS) company raised $150 million in funding from Silicon Valley Bank. The fund comprised a revolving credit arrangement...

Crypto.com, a Singapore-based cryptocurrency exchange, announced on Friday that it would be cutting its global workforce by approximately 20%. The company's announcement comes amid...

Given the economic uncertainty and fears of recession, the crypto space had been witnessing very weak trading volumes. Now, Coinbase Global, the cryptocurrency company,...

As part of its endeavour to update its business strategy and launch more restaurants, McDonald’s will review its corporate headcount and let go some...

On Thursday, cryptocurrency trading company Genesis Global Trading laid off a significant portion of its employees, according to a statement given to CoinDesk. The...

Given the uncertainty of the economic environment, Vimeo has decided to axe 11 per cent of the jobs in the organisation. The American video-hosting...

A leading skill-based learning platform, Harappa Education, has reportedly laid off 30 per cent of its workforce. As per a report by Business Today,...

It is true that Amazon had plans to reduce the size of its workforce. However, the number of job cuts may be more than...

Amdocs, a large global tech company, has announced plans to lay off 3% of its workforce, a total of 700 employees. This includes 100...

Amid the adverse industry conditions, Micron, a US-based semiconductor firm has announced to lay off 10 per cent of its workforce by 2023. The...

Google continues to be a hiring machine, bringing on new employees even as rumours of potential layoffs persist. While other companies in the industry...

In addition to the yearly weeding out of underperformers, this year Goldman Sachs is going to lay off hundreds of people as it braces...

Meta has decided to stop providing employee benefits covering mental well-being and other work-life balance needs.  The career page of Meta says that previously, the...

As part of an attempt at rightsizing some businesses, Cisco, the networking company, has begun the process of job cuts, doing away with about...

Mass layoffs were quite rampant across the globe in the second half of this year, that is, 2022. The India story was no different. Leading...

After laying off hundreds of its employees in November 2022, Salesforce seems to be preparing for yet another round of job cuts. The enterprise software...

Pointing out the abrupt and disproportionate mass layoff, two women who lost their jobs after Elon Musk’s acquisition of Twitter, are suing the social-media...

Intel, the global chip maker for personal computers, is gearing to fire employees in California. As per the Worker Adjustment and Retraining Notifications, Intel...

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...

Morgan Stanley may be laying off about two per cent of its workforce. If media reports are to be believed, of the more than...