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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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Layoff Saga Continues Google India sacks 453 people from various operations

Layoff Saga Continues Google India sacks 453 people from various operations

Fri, Feb 17, 2023

Google have sacked 453 employees from various departments in India. Sources mentioned that a mail was sent out by Sanjay Gupta, Country Head and Vice President, Google India to the affected employees.

Tesla layoffs 2023: Elon Musk's company denies terminating employees for forming a union

Tesla layoffs 2023: Elon Musk's company denies terminating employees for forming a union

Fri, Feb 17, 2023

Tesla layoffs 2023: Elon Musk-run electric car company Tesla has denied reports that it terminated employees who were trying to form a union.

eBay layoffs 2023: E-commerce giant to cut 500 jobs

eBay layoffs 2023: E-commerce giant to cut 500 jobs

Wed, Feb 08, 2023

Video communication app Zoom is also laying off about 1,300 people, or 15 per cent of its workforce, its CEO Eric Yuan has announced.

IBM Layoffs 2023: American technology giant to cut 3,900 jobs

IBM Layoffs 2023: American technology giant to cut 3,900 jobs

Thu, Jan 26, 2023

IBM Layoffs 2023 News: International Business Machines (IBM) has joined the wave of companies conducting layoffs, news agency ANI reported quoting a Wall Street Journal report.

Layoff 2023: Microsoft plans to hand out 11,000 pink slips to workers across divisions

Layoff 2023: Microsoft plans to hand out 11,000 pink slips to workers across divisions

Wed, Jan 18, 2023

With the expected layoffs, Microsoft would join Amazon.com Inc and Meta Platforms Inc in conducting retrenchment exercises due to slowing demand and a worsening global economic outlook

Layoff Saga Continues: Dunzo, Sharechat hand over pink slips to several employees

Layoff Saga Continues: Dunzo, Sharechat hand over pink slips to several employees

Tue, Jan 17, 2023

The layoff spree that began last year does not appear to be slowing down anytime soon. Instead, it's getting worse with each passing day. Startups ShareChat and Dunzo are the most recent to lay off employees.

91 tech companies lay off over 24,000 employees in first 15 days of January

91 tech companies lay off over 24,000 employees in first 15 days of January

Mon, Jan 16, 2023

The year 2023 began on a bad note for tech workers globally and 91 companies have laid off more than 24,000 tech employees in the first 15 days this month.

ShareChat layoffs: 20% employees sacked due to uncertain market conditions

ShareChat layoffs: 20% employees sacked due to uncertain market conditions

Mon, Jan 16, 2023

Homegrown social media company ShareChat (Mohalla Tech Pvt Ltd) has laid off 20 per cent of its workforce due to uncertain market conditions.

Ola Layoffs 2023: Cab aggregator to cut over 200 jobs

Ola Layoffs 2023: Cab aggregator to cut over 200 jobs

Fri, Jan 13, 2023

The Bhavish Aggarwal-run company has nearly 1,100 employees in its core ride-hailing business.

Goldman Sachs layoffs 2023: Massive job cuts begin; investment banking, global markets in tight spot

Goldman Sachs layoffs 2023: Massive job cuts begin; investment banking, global markets in tight spot

Thu, Jan 12, 2023

The long-expected jobs cull at the Wall Street titan is expected to represent the biggest contraction in headcount since the financial crisis. It is likely to affect most of the bank's major divisions, with its investment banking arm facing the deepest cuts, a source told Reuters this month.

Coinbase layoffs 2023: Crypto exchange fires 950 people, shuts down several projects

Coinbase layoffs 2023: Crypto exchange fires 950 people, shuts down several projects

Wed, Jan 11, 2023

The crypto company in June last year eliminated 18 per cent of its workforce, or nearly 1,100 people.

Salesforce to cut 10% of workforce after hiring 'too many people'

Salesforce to cut 10% of workforce after hiring 'too many people'

Thu, Jan 05, 2023

Salesforce layoffs: The company had nearly 80,000 employees at the end of the third quarter, up from about 70,000 a year earlier.

Time for 'cockroaches, not unicorns': Layoffs, funding winter set to continue

Time for 'cockroaches, not unicorns': Layoffs, funding winter set to continue

Mon, Dec 26, 2022

More than 91,000 workers in the US tech sector were laid off in mass job cuts in 2022, according to a Crunchbase tally.

Micron layoffs 2022: Chip-maker to cut 10% of its workforce

Micron layoffs 2022: Chip-maker to cut 10% of its workforce

Thu, Dec 22, 2022

Chip-maker Micron has announced that it will reduce its workforce by about 10 per cent in 2023 in response to challenging industry conditions. The move comes as Micron reported results for its first quarter of fiscal 2023, which ended on December 1, 2022.

Xiaomi Layoffs 2022: Chinese smartphone maker to slash 15% of jobs

Xiaomi Layoffs 2022: Chinese smartphone maker to slash 15% of jobs

Tue, Dec 20, 2022

Xiaomi Layoffs 2022: Xiaomi in November reported a 9.7% fall in third-quarter revenue, hit by China's COVID-19 restrictions and softening consumer demand.

Career cushioning: A trend gaining popularity at the time of layoffs

Career cushioning: A trend gaining popularity at the time of layoffs

Thu, Dec 15, 2022

Career cushioning: Experts suggest that it's never too late to start cushioning your career as it is all about adding multiple layers of new knowledge, making good connections, updating and preparing a decent job profile.

Joining the Big Tech layoff season, Cisco lays off 5% of its workforce

Joining the Big Tech layoff season, Cisco lays off 5% of its workforce

Wed, Dec 14, 2022

The networking major is gearing up to lay off over 4,000 employees in a "rebalancing" act while "rightsizing certain businesses"

No hiring in two PSU insurance companies for last few years

No hiring in two PSU insurance companies for last few years

Wed, Dec 14, 2022

The Delhi headquartered Oriental Insurance has not hired any fresh employee for the past five years, in the case of the Kolkata headquartered National Insurance it is four years since the company saw fresh blood.

Cisco layoffs 2022 news: Technology giant starts job cut for over 4,000 employees

Cisco layoffs 2022 news: Technology giant starts job cut for over 4,000 employees

Wed, Dec 14, 2022

According to the report, some asked for tips on new jobs, while some sought information about the severance packages.

Goldman Sachs layoffs 2022: Global investment bank plans to cut hundreds of jobs

Goldman Sachs layoffs 2022: Global investment bank plans to cut hundreds of jobs

Tue, Dec 13, 2022

Goldman is also gearing up for a potential recession in 2023.

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