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Layoffs

Salesforce joins big tech layoffs, to cut 700 jobs: Report

Salesforce joins big tech layoffs, to cut 700 jobs: Report

Fri, Jan 26, 2024

The layoffs comprise around 1 per cent of the roughly 70,000-person company that makes cloud-based customer relationship management software.

Paytm bets big on Al, saves on employee costs to drive efficiency

Paytm bets big on Al, saves on employee costs to drive efficiency

Mon, Dec 25, 2023

The company which introduced India to mobile payments, is building an India-scale Al system that will help various financial institutes in capturing possible risks and frauds, while also protecting them from new kinds of risks due to advancement in Al.

E-commerce & fintech firm Bolt lays off 29% of staff

E-commerce & fintech firm Bolt lays off 29% of staff

Fri, Dec 15, 2023

"We made the difficult but important decision to reduce layers and roles across the company -- setting ourselves up with the speed and agility required for the next phase of our business," the company was quoted as saying.

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Twilio to cut about 5% of total workforce

Twilio to cut about 5% of total workforce

Tue, Dec 05, 2023

Twilio layoffs news: The company expects to incur about $25 million to $35 million associated with the restructuring in the last three months of 2023.

Delta lays off some corporate workers to cut costs

Delta lays off some corporate workers to cut costs

Thu, Nov 02, 2023

"While we're not yet back to full capacity, now is the time to make adjustments to programs, budgets and organizational structures across Delta to meet our stated goals," the company told Reuters in an emailed statement.

Indian origin CEO-run fintech startup Synapse lays off 86 employees

Indian origin CEO-run fintech startup Synapse lays off 86 employees

Sat, Oct 07, 2023

The startup was founded in 2014 by Bryan Keltner and Pathak, with an eye toward offering a viable alternative to legacy banking systems, while providing operational simplicity, efficiency and ease of integration to perform virtually any banking interaction.

India360: Were 5.2 crore new jobs created in the last 4 years?

India360: Were 5.2 crore new jobs created in the last 4 years?

Wed, Sep 13, 2023

Jobs Vacancies: 5.2 crore formal jobs have been created in the last four years. 47 percent of these people got a job for the first time

Streaming company Roku lays off over 300 employees in 2nd job cut this year

Streaming company Roku lays off over 300 employees in 2nd job cut this year

Wed, Sep 06, 2023

In a filing with the US Securities and Exchange Commission (SEC), Roku said it is determined to implement additional measures to continue to bring down its year-over-year operating expense growth rate by “slowing its year-over-year headcount expense growth rate through a workforce reduction and limiting new hires, among other measures”.

Tech companies laid off 226,000 employees to date, 40% more than in 2022

Tech companies laid off 226,000 employees to date, 40% more than in 2022

Tue, Aug 15, 2023

Tech companies have laid off 226,000 employees so far this year, almost 40 per cent more than in 2022, a report showed on Tuesday. Although the tech industry has seen a shocking number of job cuts last year, 2023 has been much worse.

Funding winter looms large over startup sector; triggers layoffs

Funding winter looms large over startup sector; triggers layoffs

Wed, Aug 09, 2023

According to PricewaterhouseCoopers India, startup funding in the country fell from $18.3 billion to $3.8 billion in 2023. Statistics show that in the first six months of this year, as many as 17,000 employees have been handed pink slips by start-up founders.

US cybersecurity company Rapid7 to lay off 470 employees

US cybersecurity company Rapid7 to lay off 470 employees

Wed, Aug 09, 2023

Cybersecurity company Rapid7 is laying off around 470 employees, or 18 per cent of its workforce.

As Bengaluru-based startup Dukaan replaces 90% of its employees with AI, which are the jobs most vulnerable to AI in next 5 years?

As Bengaluru-based startup Dukaan replaces 90% of its employees with AI, which are the jobs most vulnerable to AI in next 5 years?

Wed, Jul 12, 2023

Citing better efficiency, quick results, and cost-cutting as major advantages offered by AI, the CEO of Dukaan, Suumit Shah, justified his action of replacing 90% of the support team with an AI chatbot. However, the decision of the e-commerce startup has drawn sharp reactions on Twitter and stirred a debate over AI threat to jobs.

Microsoft lays off 276 employees in new job cut round

Microsoft lays off 276 employees in new job cut round

Tue, Jul 11, 2023

According to reports, more than 2,700 Seattle-area workers were affected by the layoffs announced earlier this year.

Germany's top newspaper slashing 20% of jobs, replacing workers with AI

Germany's top newspaper slashing 20% of jobs, replacing workers with AI

Thu, Jun 22, 2023

German media giant Axel Springer is laying off 20 per cent of newsroom jobs and apparently replacing some employees with artificial intelligence (AI) technology, reports surfaced on Thursday.

Data analytics platform Sumo Logic lays off 79 employees

Data analytics platform Sumo Logic lays off 79 employees

Mon, Jun 19, 2023

Big data analytics software company Sumo Logic has laid off 79 employees, as job cuts continue in the tech industry worldwide.

India shows strong hiring outlook in Q3 despite global layoffs: Report

India shows strong hiring outlook in Q3 despite global layoffs: Report

Tue, Jun 13, 2023

India is among the Asia-Pacific countries that show the strongest outlook towards increasing headcount and a positive hiring scenario in the third quarter this year, a report showed on Tuesday.

JPMorgan to layoff about 500 jobs

JPMorgan to layoff about 500 jobs

Sat, May 27, 2023

JPMorgan Chase is letting go of about 500 employees this week across the bank, a spokesperson confirmed to CNN on Friday

About 27K employees lost jobs at Indian startups to date, over 8K this year

About 27K employees lost jobs at Indian startups to date, over 8K this year

Fri, May 26, 2023

At least 27,000 tech employees at Indian startups have lost their jobs since the funding winter crept in last year, and the list is only growing.

E-commerce firm Meesho lays off 251 employees

E-commerce firm Meesho lays off 251 employees

Fri, May 05, 2023

Meesho Founder and CEO Vidit Aatrey in an email to employees informed about the decision and announced that all the affected employees will get one month extra severance pay beyond the notice period as well as ESOPs irrespective of the period they have been with the company.

Wall Street bank Morgan Stanley plans to cut another 3,000 jobs

Wall Street bank Morgan Stanley plans to cut another 3,000 jobs

Wed, May 03, 2023

Morgan Stanley layoffs 2023: The Wall Street bank is preparing to cut roughly 3,000 jobs around the world this quarter due to difficult market conditions, the source said.

India 360: How Will Global Layoffs Impact India? Watch This Special Discussion

India 360: How Will Global Layoffs Impact India? Watch This Special Discussion

Fri, Mar 24, 2023

Accenture is planning to lay off over 19,000 employees globally due to uncertain macroeconomic conditions. Layoffs have also been seen in multiple other sectors other than IT sector. META, Amazon had layoffs last year. A total of 1.5 lakh employees have been laid off in the last three months. How much will it impact Indian employees? Watch this special discussion with Deepak Dobhal on India 360.

Samsung layoffs 2023: South Korean giant cuts 3% jobs at US chip subsidiary

Samsung layoffs 2023: South Korean giant cuts 3% jobs at US chip subsidiary

Tue, Mar 14, 2023

Samsung Electronics has laid off 3 per cent of employees at its US semiconductor subsidiary -- Device Solutions Americas (DSA). Citing sources, BusinessKorea said that Samsung DSA notified all of its employees about the job cuts due to uncertain economic conditions.

Waymo layoffs 2023: Alphabet's self-driving unit cuts 200 jobs

Waymo layoffs 2023: Alphabet's self-driving unit cuts 200 jobs

Thu, Mar 02, 2023

The self-driving unit earlier planned to start its driver-less rides pilot programme in San Francisco.

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