Tag: profitability
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...
Mass layoff at Salesforce; focus on profitability, cost cutting
While an exact number is yet to be revealed by Salesforce, it is clear that hundreds have been rendered jobless at the enterprise software...
Udaan heading for second round of layoff
Udaan, the Indian B2B e-commerce platform in India is reportedly set to lay off employees in the second round of layoffs this year, in...
Seagate to lay off 3,000 as part of restructuring
With revenues dipping 35 per cent in quarter one of financial year 2023 and demand for falling too, Seagate Technology has decided to undergo...
Philips to let go 4,000 employees
Philips is planning to cut five per cent of its workforce, globally. That means, about 4,000 employees will be asked to leave. The tech...
Unacademy resorts to cost-cutting measures before IPO
Unacademy, the edtech unicorn, is taking measures to cut costs and focus on profitability. As part of the exercise, its founders and senior management...
Virgin Atlantic may lay off over 3,000 employees
No airline has escaped the effect of the pandemic, given that most airports are sealed and flights have been grounded for months now. British...
Providing medical benefits amidst rising costs a huge pressure for SMEs...
According to a recent survey of 230 companies in the US, released by Enterprise Bank & Trust, most small and medium-sized companies worry about...
How layoffs can backfire
Layoffs are not really a strategy, but an option resorted to when a company is not doing well or in other words, when an...