Tag: layoffs

Dell and Pocket Aces cut jobs because of economic challenges

Dell Dell Technologies will cut approximately 5 per cent of its worldwide workforce, or 6,650 jobs, as reported by Bloomberg on February 6. The company's...

Infosys terminates hundreds of freshers

Indian IT giant, Infosys, has reportedly terminated hundreds of freshers in recent months after they failed an internal fresher assessment (FA) test, according to...

Reduction in workforce at Autodesk and Getaround

Autodesk Autodesk, a California-based technology company, has announced that it will be cutting 250 jobs, which constitutes a small fraction of its global workforce of...

7 companies lay off their workforce globally

 Match Match Group Inc, the company behind popular dating platforms such as Tinder, Hinge, and OkCupid, announced on Wednesday that it would be laying off...

Economic challenges & reduced spending leads to more layoffs

PayPal revealed that it is cutting 2,000 full-time positions globally, which makes up about 7% of its workforce. The digital payments company has said...

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...

OLX, Intel, Impossible Foods, and Philips layoff globally

Intel is cutting 340 jobs at its Folsom, California campus, as informed to state and local officials.   The layoff is announced due to a ‘challenging...

Ford, Gemini, Innovaccer, and Inmobi lay off employees

Gemini Gemini, a US-based crypto exchange, announced that it will  let go of 10 per cent of its employees. The reason given for the layoffs...

Spotify is planning to cut jobs while Vox Media and MediBuddy...

Spotify, a music streaming platform, is reportedly planning to lay off some of its employees in an effort to cut costs, according to Bloomberg....

Wayfair to sack 5% of its workforce

Wayfair has announced plans to lay off 1,000 employees in an effort to cut operational cost. The decision comes after the online furniture retailer...

Swiggy, Hubilo, Exotel, and Sophos lay off employees

Swiggy  Swiggy plans to reduce its workforce by 8-10 per cent in order to cut costs during a slowdown in funding. Reportedly, the layoffs are...

Cashfree, ShareChat, Dunzo and Rebel Foods lay off employees

Cashfree, the Bengaluru-based firm backed by SBI, has recently undergone a round of layoffs , letting go of 80-100 employees over the past few...

Amazon summoned by Pune Labour Commissioner

The Pune Labour Commissioner's office has issued a notice to Amazon, summoning the company for a meeting on January 17, 2023, in connection with...

Moglix begins 2023 with layoffs

Moglix, an Indian B2B industrial goods marketplace backed by investors such as Tiger Global and Alpha Wave, has laid off 2-3 per cent of...

Vimeo lays off 11% of its workforce

Anjali Sud, CEO, Vimeo announced the company's intention to lay off 11 per cent of its workforce on Wednesday via email. In the email, she...

Google staff fear mass layoffs; write to VP – HR

The employees of Google, Switzerland have expressed concerns regarding the new employee evaluation system introduced by the company. The employees have reasons to believe...

Google to reduce headcount by 6% in 2023

Google, reportedly, has plans to lay off 6 per cent of its low-performing workforce by early 2023. Recently the company has introduced a new...

Indian origin columnist steps down as cost cutting measure

Peter Bhatia will step down as editor and vice president of the Detroit Free Press in light of upcoming layoffs. On December 23, a virtual...

Tesla to freeze hiring amidst plans of another round of lay...

Elon Musk’s company, Tesla, is about to make another round of layoffs. The company plans to fire more people and has already informed the...

Chinese media house suggests 15% of Xiaomi workforce let gone

Chinese smartphone company Xiaomi lays off 10 per cent of their workforce. In a statement to India Today, the spokesperson for the company said...

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...

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....

One’s loss is another’s gain – The positive side of layoffs

The tech sector has been gripped by a flurry of layoffs. The mood is far from upbeat as bad times are being predicted. With...

Are layoffs justified in a business downturn?

Of late, headlines have been all about layoffs, downsizing and retrenchment. All the big tech firms— including Amazon, Microsoft, Facebook’s parent company Meta and...

Elon Musk is looking at hiring engineers from India

Twitter has been hogging the limelight for some time now. First, for its controversial and long-draw acquisition by Elon Musk and then by the...

Will Amazon layoffs spill into 2023?

According to a note sent by Andy Jassy, CEO, Amazon, to the employees, it has been mentioned that Amazon will continue to reduce headcount...

Google employees  protest against mass layoffs

Google, the tech giant, recently fired approximately 12,000 employees in January, which resulted in protests from workers in both the US coasts. The workers...

Latest

Akash Chauhan joins Chaayos as head HR

Akash Chauhan announced his move to Chaayos as the company’s new head of HR on Wednesday, February 1, 2023 via linkedin. Chauhan has been an...

Amazon disobeyed labour laws: US judge

An administrative judge in the US has declared that Amazon violated labour laws by threatening to withhold wage increases and benefits from workers at...

Dell and Pocket Aces cut jobs because of economic challenges

Dell Dell Technologies will cut approximately 5 per cent of its worldwide workforce, or 6,650 jobs, as reported by Bloomberg on February 6. The company's...

Pension reforms being pushed forward: France goes on strike

A nationwide strike on Tuesday marched in opposition and caused disruptions in French public transportation as protests took place across the country in response...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...