Tag: layoffs
Salesforce to cut 700 roles
Salesforce, the tech company, will axe about 700 positions company-wide in the latest wave of layoffs affecting the technology industry, as reported by the...
Flipkart to cut 5% jobs, Swiggy 7%
E-commerce giant, Flipkart, and food-delivery firm, Swiggy have announced major workforce reductions. Amidst the ongoing "funding winter" in the startup space, both the firms...
Brex to restructure, impact 20% employees
On 23 January 2024, Brex announced changes within the company. The company explained the need to make things work better because it had grown...
Major job-cuts at SAP as firm envisions strategic growth
SAP is set to undergo a comprehensive restructuring in 2024. The move will impact about 8,000 jobs, or over seven per cent workforce. The...
Cult.fit reduces workforce to cut costs
In a bid to reduce cash burn, Cult.fit, the fitness unicorn, has initiated a cost-cutting drive resulting in the termination of approximately 120-150 employees....
Riot Games restructures; cuts 11% workforce
Riot Games, a subsidiary of Tencent Holdings, declared its intention to cut 11 per cent of its global workforce on Monday, 22 January. The...
SolarEdge to reduce global workforce by 16%
SolarEdge Technologies is implementing a substantial workforce reduction, impacting approximately 16 per cent of its global employees, as a key element of the company's...
Wayfair aims to strengthen organisational model, implement layoffs
Wayfair, the global e-commerce giant, revealed plans to cut 13 per cent of its workforce, amounting to approximately 1,650 employees. This decision comes mere...
Sports Illustrated faces layoffs amid brand license revocation
The Sports Illustrated (SI) publisher has informed its employees about impending layoffs, potentially affecting a substantial number of employees, or even the entire staff....
Major job cuts at Macy’s
In response to sluggish sales, Macy’s, an American departmental store chain, has announced the reduction of its workforce by 3.5 per cent. The move...
Veeam plans workforce reduction amidst expansion strategies
Veeam Software is currently undergoing layoffs, impacting 300 employees in sales, marketing and administrative roles.
One senior campaign manager shared on the social media site...
Tech layoffs bite again as Meta, Amazon, X and Google trim...
The once-booming tech landscape is experiencing a tectonic shift, marked by a wave of layoffs sweeping across industry titans like Amazon, Google, Meta (formerly...
Humane cuts 4% roles
As a part of broader cost-cutting strategy, Humane has laid off four per cent of its employees, according to sources familiar with the matter....
AI impact: Duolingo translators face December cutbacks
Amid the changing shift towards Generative AI (GenAI), Duolingo has made significant changes to its workforce. The language-learning app has recently cut 10 per...
Layoffs yet again at eBay, Israel
According to media reports, eBay is set to lay off approximately 20–25 employees out of its 250-strong workforce in Israel. These layoffs are unrelated...
Cruise implements 24% workforce reduction
Cruise, the self-driving car subsidiary of GM, has reduced its workforce by 24 per cent, laying off 900 employees. This was done in an...
Nike to restructure amid ongoing staff reductions
Nike has silently laid off workers in recent weeks and hinted at a comprehensive restructuring last week. However, the company has not provided details...
Zulily shuts down HQ; about 300 to be laid off
Zulily, a company that's been around for 13 years, is closing its Pioneer Square headquarters and other facilities across the US, as reported by...
‘Layoffs are due to efficiency concerns’: Spotify CEO
On 4 December 2023, Spotify revealed plans to cut around 1,500 jobs, constituting 17 per cent of its worldwide staff, in its third round...
Volkswagen trimming workforce in pursuit of profits
To enhance profitability, Volkswagen has announced its plans to reduce its workforce in the coming year. The decision comes as the car manufacturer aims...
No more free coffees for Amazon staff
Amazon introduced a programme that gives employees complimentary coffee, including lattes and cappuccinos, from the coffee shops in their Seattle and other office locations....
Staff of The Washington Post to boycott work for 24 hours
Employees of The Washington Post, the American daily, are going on a 24-hour strike under the aegis of The Washington Post Guild. The staff...
Broadcom to restructure; axe 1,300 jobs
After Broadcom acquired VMware, a leading cloud-computing company, there were notable organisational changes. Bloomberg News reports that around 1,300 California-based employees will end up...
Unity is cutting 3.8% of its global workforce
Unity Software has announced that, as a part of a strategic reset, it plans to trim 265 jobs, which make up 3.8 per cent...
ByteDance restructures gaming division, halting projects & exploring divestment
After two years of modest performance, ByteDance's gaming division, Nuverse, is undergoing substantial downsizing.
Bytedance, the parent company of TikTok, is instructing its employees to...
Gucci moves 153 workers from Rome to Milan; triggers worker strike
Gucci, the famous Italian fashion brand, is facing a worker strike because of a decision that employees believe is like a group firing. The...
How this energy company is championing employee inclusivity & engagement
In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...
Trident’s Asmita leaves blossom into inclusive workplaces
Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
Harness.io: Cultivating a talent powerhouse in the tech crucible
The tech scene, be it in India or San Francisco, is equally crucible, fiercely competitive and unforgiving. In both the landscapes, attracting and retaining...
Engagement is outdated: The future of success lies in ‘employee involvement’
In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
H-1B visa holders can fight visa-denial case if employers commit fraud
If Indian H-1B visa holders find that their visa is about to be revoked just because their employer has been found to have indulged...
Latest
Google trims workforce as economic uncertainty looms
Google is implementing layoffs in an effort to trim costs, with an undisclosed number of employees affected, reports Reuters. The layoffs are not widespread, and...
Why are so many H-1B workers in the US switching jobs?
A recent study has revealed that more and more H-1B visa holders in the US are switching jobs. In fact, there was a record...
20 more Googlers terminated for taking undue advantage of ‘open culture’
Close on the heels of warning employees about the repercussions of violating office policies, Google has fired 20 more employees. These terminations are in...
Sahana Shankar is head of India HR, Duck Creek Technologies
Duck Creek Technologies, a company that provides intelligent solutions to property and casualty (P&C) and general insurance industry, has roped in Sahana Shankar to...
DIALOGUE
Data analytics and not technology will redefine HR
Q. How satisfying has been your professional journey of 39 years?
A. It has been a bagful of mixed experiences. At times I have been...
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....
