Tag: Layoff
Snapchat & Fi announce workforce reductions as part of restructuring
Snap, the parent company of Snapchat, is reportedly planning another round of layoffs, with approximately 150 employees expected to be affected. This move is...
Byju’s to restructure and let go 4,000
Edtech firm, Byju’s is set to cut down its existing 35,000-strong workforce by 11 per cent. That means, about 4,000 employees will be rendered...
Will Dunzo axe more jobs?
Dunzo, the quick commerce startup that has been battling a financial crunch for some time now, is desperately trying to obtain funds. According to...
Is Salesforce rehiring 40% of laid-off employees?
The cloud-based American software firm, Salesforce, is reportedly planning to hire 3,300 people. It is apparently going to rehire about 40 per cent of...
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...
Google cuts jobs yet again, this time in its recruiting team
Google is looking to cut costs so that it can invest more on artificial intelligence. After laying of 12,000 people in January this year,...
Is Deloitte UK axing 800 jobs?
The 27,000-strong workforce of Deloitte in the UK may be reduced by over 800. If reports are to be believed, the British professional services...
A third of Binance.US team to be laid off; CEO quits
In July this year, Binance, the cryptocurrency firm had reduced headcount by 1,000 and also reduced employee benefits amidst dipping profits. Now, the company...
Chargebee lets go 10% of global workforce
Citing market shifts as the primary reason, Chargebee has laid off 10 per cent of its global workforce. The decision will reportedly affect 100-120...
Expedia announces new layoffs; to focus on AI app
Expedia Group has recently undergone another round of layoffs, as confirmed in an internal message sent by Tript Singh Lamba, a senior vice president...
42 jobs cut at Khatabook, the fintech startup
As part of a restructuring exercise of its 700-strong workforce, fintech startup, Khatabook has cut about 42 jobs. These cuts are in keeping with...
SkyKick has reduced headcount by 140
SkyKick, the Microsoft cloud tools vendor, has had to take the difficult decision of reducing its workforce size by about 140 employees, globally, with...
Astra lets go 25% of workforce; reallocates personnel
Astra Space Inc., the American launch vehicle company based in Alameda, California, has reduced its headcount by 25 per cent. That means, about 70...
Mobile Premier League to fire 350; cut costs amidst 28% GST
Mobile Premier League (MPL), the e-sports and skill gaming company, had had to resort to laying off about half of its India workforce because...
Nomura to hire private bankers, relationship managers in Asia, ME
Over the next two years, Nomura Holdings, the Japanese investment bank intends to hire over 40 private bankers in Asia and the Middle East....
Will supercharging Google Assistant lead to job loss?
Google Assistant, the virtual assistant software application available primarily on mobile and home automation devices, is set for a makeover. The app is going...
Accenture to lay off 13% of workforce in Ireland
Accenture, the Irish-American professional services firm, is preparing to axe about 890 jobs in its Irish operations. That means, about 13 per cent of...
Stoa makes significant job cuts, lays off 80% workforce
Stoa, a US-based proptech startup, has laid off 80 per cent of its workforce as part of significant cutbacks. Since its inception in 2017,...
Binance reduces workforce by 1,000, affecting India team too
Of its 8,000-strong global workforce, Binance, has let go 1,000 in the past couple of weeks. According to media reports, the cryptocurrency exchange is...
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...
Online gaming industry may face massive job cuts
The online gaming industry is bracing for significant job cuts as a result of recent developments. On July 11, 2023, online gaming companies expressed...
Fresh round of layoffs at Microsoft; 276 employees to lose jobs
Technology giant Microsoft, headquartered in Washington State, has decided to lay off 276 employees, primarily from its customer service, support, and sales teams. The...
Most startups created by those laid off by Meta: Report
Not all those who have been laid off recently are brooding or desperately looking for jobs. Some enterprising ones are starting their own businesses....
Tesla to lay off workers in China amid growing market challenges
Tesla, an electric carmaker, is reportedly undergoing a workforce reduction at its Gigafactory in Shanghai, China. While the exact number of employees affected remains...
Last of Nat Geo’s staff writers laid off
In what was the second layoff round in the last nine months, National Geographic — the science and natural world magazine that is about...
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...