Tag: severance
Nike’s $400 mn in severance to save $2 bn in costs
While Nike is gearing to lay off hundreds from its workforce to cut costs of up to $2 billion, it will be spending about...
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...
Laid-off Googlers get more disappointing news
As if mass layoffs weren’t bad enough, Google managed to disappoint its laid-off employees yet again. The Company sent them an e-mail that indicated...
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...
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...
Ford India makes final severance package offer to Chennai factory workers
Ford India has offered a final severance package to its workers at the Company’s Chennai factory unit. The package includes 130 days of gross...
Meesho cuts 300 jobs, closes Superstore
Meesho, the Bangalore-based Indian internet commerce startup, has had to let go about 300 employees, as it shut down Superstore, its supermarket chain, in...
Is Better.com gearing for another layoff round?
Better.com, digital mortgage lender hadn’t really recovered from the flak it received for way it had conducted layoffs earlier, and now there is news...
Sacked employee sues Tesla for ‘unprofessionalism’
A former Tesla employee, Roosevelt Jointer, from Reno, Nevada, has filed a case in a Texas court because the auto company sacked him without...
Unacademy lays off 6,000 as part of cost cutting
Unacademy, the Indian edtech startup, has let go of about 600 employees from its almost 6,000-strong team — about 10 per cent of its...