Boeing to layoff 10% workforce to boost efficiency but risks losing top talent: Report
Nov 14, 2024, at 09:42 pm
Boeing Co. will begin issuing layoff notices on Wednesday to employees impacted by its latest round of job cuts, a move that reflects the company's effort to boost efficiency while striving to retain a skilled workforce critical for future growth, Bloomberg reported.
Education startup Unacademy lays off 250 employees in fresh round
Jul 03, 2024, at 06:57 am
Bengaluru: SoftBank-backed edtech startup Unacademy has laid off 250 employees in a new round of company-wide layoffs, media reported.
Paytm employees allege forced resignations; company rejects allegations
Jun 15, 2024, at 04:28 am
Mumbai: Several Paytm employees are on the verge of losing their jobs, with some staff members unsuccessfully negotiating for a pay cut instead, according to The Times of India.
Google CEO Sundar Pichai updates employees on layoffs
May 11, 2024, at 05:00 am
Google CEO Sundar Pichai has said that the majority of the layoffs in the company would happen in the first six months of 2024, during an all-hands meeting, media reported.
Tesla continues to cut jobs in China as part of its global workforce reduction: Report
May 10, 2024, at 05:22 am
Beijing: Tesla has increased job cuts in China as billionaire Elon Musk struggles to recover lost market share in the world’s biggest auto market, reported Bloomberg.
Google wraps up Flutter, Dart, and Python teams; sudden job loss leaves employees in shock
May 01, 2024, at 12:14 pm
Google has terminated employees from various technology teams, such as Flutter, Dart, and Python, among others, media reports said.
Novartis to cut 680 jobs in product development: Report
Apr 10, 2024, at 02:40 am
New Delhi: Swiss pharmaceutical company Novartis said on Tuesday that it plans to reduce its development organization workforce by as many as 680 positions, media reports said.
Apr 03, 2024, at 05:01 am
Bengaluru: Cash-strapped ed-tech company Byju's has reportedly implemented layoffs, affecting approximately 500 employees, mainly in sales and marketing roles.
Nike plans to slash 1600 employees
Feb 16, 2024, at 11:11 pm
US sportswear giant Nike is planning to slash 1,600 people, which comprises 2 percent of its workforce, media reports said.
Google lays off 40 to 45 employees in Google News: Report
Oct 19, 2023, at 10:56 pm
Tech giant Google has recently downsized its news division, with nearly 40 to 45 employees in Google News reportedly losing their positions, according to a spokesperson from the Alphabet Workers Union, reported CNBC.
No salary hike for Microsoft employees in 2023 amid economic uncertainty
May 13, 2023, at 04:52 am
Amid massive job cuts, Microsoft CEO Satya Nadella informed the employees that the company will not be offering a salary hike this year media reports said.
Fintech company ZestMoney to cut 20% workforce: Report
Apr 08, 2023, at 05:46 am
Bengaluru: ZestMoney, a buy now, pay later (BNPL) platform based in Bengaluru, is cutting 100 jobs, around 20% of its workforce, Business Standard reported.
Microsoft-owned GitHub sacks over 140 Indian staff: Reports
Mar 29, 2023, at 10:31 pm
Los Angeles: Microsoft-owned GitHub is the latest tech company that has fired more than 140-member strong entire engineering team in India.
Twitter fires at least another 200 employees: Reports
Feb 27, 2023, at 05:31 pm
Washington/UNI: Twitter has laid off at least another 200 employees on Saturday evening, The New York Times reported citing sources familiar with the matter.
Telecom equipment maker Ericsson to cut 8,500 jobs: Report
Feb 25, 2023, at 05:00 am
Ericsson, a manufacturer of telecommunications equipment, is set to reduce its expenses by terminating 8,500 employees worldwide, according to a memo seen by Reuters.
Seven former Google employees, who were recently laid off, join to form new company
Feb 21, 2023, at 11:16 pm
New York: Seven former Google employees, who were recently laid off by the search engine major, have joined to form a new company.
Yahoo to layoff 20 percent staff
Feb 10, 2023, at 03:39 pm
New Delhi: IT major Yahoo has said it will layoff 20 percent of the total workforce as part of a major restructuring of its ad tech unit, media reports said.
BYJU's cuts off 1,000 more jobs: Report
Feb 03, 2023, at 02:26 am
Bengaluru: Ed-tech company BYJU’s laid off 1,000 more employees in a fresh round of layoffs, media reports said.
German software giant SAP to lay off 3,000 workers
Jan 26, 2023, at 10:54 pm
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.
Spotify to reduce 6 pct of global workforce
Jan 24, 2023, at 02:13 pm
San Francisco: Music streaming service company Spotify announced on Monday that it will lay off about 6 percent of its global workforce, impacting some 600 employees.
Swiggy terminates 380 jobs amid weak growth in food delivery business
Jan 21, 2023, at 05:24 am
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.
Google cuts 12,000 jobs, offers severance, healthcare and other support for terminated workers
Jan 21, 2023, at 04:44 am
Google’s parent organization Alphabet is laying off 12,000 employees or 6 percent of its workforce amid a grim growth outlook.
Amazon to layoff 18,000 employees amid weak online sales growth
Jan 19, 2023, at 07:48 am
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.
Video streaming company Vimeo to cut staff by 11 pc due to 'uncertain economic environment'
Jan 07, 2023, at 02:59 am
New York/IBNS: Video hosting company Vimeo will lay off 11 percent of its employees amid “an uncertain economic environment” to invest in our growth priorities and be sustainably profitable, the company’s CEO Anjali Sud said in a blog post.
Google likely to lay off 10,000 people in early 2023: Reports
Nov 23, 2022, at 07:01 am
Amid a wave of layoffs, Google’s parent company Alphabet, too, plans to fire a significant chunk of its workforce--around 6 percent, or 10,000 people, media reports said.
BYJU's to layoff 2,500 employees amid growing losses
Oct 13, 2022, at 05:28 am
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.
Ola likely to layoff 200 employees across software teams: Reports
Sep 20, 2022, at 12:55 pm
Ola is likely to lay off 200 employees across its software teams, especially those working for the work related to its app, media reports said.
Netflix lays off 150 US-based jobs
May 18, 2022, at 05:03 pm
Washington/UNI: Netflix has laid off about 150 employees a month after it announced loss of subscribers for the first time in a decade.
Edtech company Unacademy lays off 10 pc of its employees: Report
Apr 08, 2022, at 05:55 am
Bengaluru/IBNS: Edtech company Unacademy has handed pink slips to 600 of its employees, equivalent to 10 percent of its workforce in a move to cut costs ahead of potential lowering of funding, media reports said.
France's Renault to slash around 15,000 jobs worldwide
May 29, 2020, at 08:29 pm
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.