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 is likely to lay off 200 employees across its software teams, especially those working for the work related to its app, media reports said.
Washington/UNI: Netflix has laid off about 150 employees a month after it announced loss of subscribers for the first time in a decade.
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.
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.