Berlin: German software major SAP on Thursday said it is looking to terminate 3,000 jobs this year, at a time when global big tech companies are resorting to mass layoffs to cut costs citing weak growth and grim economic outlook, media reports said.
Bengaluru: Food aggregator and quick commerce company Swiggy has laid off 380 workers citing challenging macroeconomic conditions and a slowdown in its food delivery business, media reports said.
Amazon.com, struggling with a dip in online sales growth and prepping up for a possible recession, is likely to trim its workforce further, media reports said.
BYJU's will hand out pink slips to nearly 2,500 employees across departments to cut costs amid growing losses in the next six months, the company said in a statement today.
Paris/Xinhua/UNI: France's second leading carmaker Renault on Friday announced that it would cut 14,600 posts worldwide and reduce production capacity over the next three years in order to save 2 billion euros (2.22 billion US dollars) and focus on profitable segments of activities.
New York/IBNS: The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by the International Labour Organization (ILO).