Layoff

German software giant SAP to cut 3,000 jobs

The move follows similar cuts announced by tech giants Meta, Amazon, Google, IBM and Microsoft as the once-unassailable sector girds for an economic downturn.

published on : 26th January 2023

Every one in four Indians surveyed concerned about threat of job layoff: Survey

Global economic slowdown and a potential resurgence of COVID-19 are key areas of worry for Indians.

published on : 25th January 2023

Layoffs do not mean the end, some respite in the picture

Over three lakh employees have been laid off globally, mainly in the USA. It is estimated that about 40% of them are Indians.

published on : 25th January 2023

Crypto exchange Gemini to reduce 10 per cent of workforce

'Persistent negative macroeconomic conditions and unprecedented fraud perpetuated by bad actors in our industry have left us with no other choice,' Gemini's President said.

published on : 24th January 2023

80,000 Indians in US face layoff heat

Microsoft, Meta, Amazon and Alphabet together have laid off 51,000 employees. Till now, 312,600 employees have lost jobs, according to Layoffs.fyi.

published on : 24th January 2023

Wipro layoff: Employee union writes to govt seeking action

Last week, Wipro had fired 452 freshers and the company said they performed poorly in assessments repeatedly even after providing training.

published on : 24th January 2023

80,000 Indians in US face layoff heat

Have to find a new job within two months or leave the country; share plight on social media platforms; Spotify to cut its staff base by 6%

published on : 24th January 2023

Tech industry job cuts come rapidly and in big numbers

Even with all of the layoffs announced in recent weeks, most tech companies are still vastly larger than they were three years ago.

published on : 24th January 2023

US media rocked by layoffs amid economic gloom

Newsroom employment has seen a steady decline in the United States, falling from 114,000 to 85,000 journalists between 2008 and 2020, according to a 2021 study by the Pew Research Center.

published on : 22nd January 2023

All you need to know about big tech's 'job-slashing' wave

Amid fears of recession and stuttering growth, a slew of job cuts has engulfed the world's largest tech firms since 2022 and continues well into the new year.

published on : 20th January 2023

Google's parent Alphabet to fire 12,000 employees; Pichai says 'sorry'

The year 2023 has begun on a bad note for tech workers globally as 91 companies have laid off more than 24,000 tech employees in the first 15 days this month, signalling worse days ahead.

published on : 20th January 2023

Swiggy fires 380 employees; shuts Meat marketplace

In an internal note to employees on Friday, CEO Sriharsha Majety said that the growth rate for food delivery has slowed down versus its projections.

published on : 20th January 2023

Microsoft to axe 10,000 employees globally over poor economy

It is not yet clear how many Indian employees will be impacted by this reduction. Microsoft, which set up its India operations in 1990, employs over 20,000 people across 11 cities.

published on : 18th January 2023

Microsoft to cut staff again, says reports

The Washington state-based company, which industry trackers say has more than 220,000 workers, trimmed its ranks of employees twice last year.

published on : 18th January 2023

Fresh round of layoffs in tech firms, startups continue in 2023

Amazon has fired at least 1,500 employees, including those who opted for the voluntary separation programme

published on : 17th January 2023

McDonald's CEO says layoffs coming by April to reduce costs

CEO Chris Kempczinski told The Wall Street Journal that "some jobs that are existing today are either going to get moved or those jobs may go away."

published on : 7th January 2023

Amazon announces cutting more than 18,000 jobs

Software maker Salesforce, meanwhile, is laying off about 8,000 employees, or 10% of its workforce.

published on : 5th January 2023

2022 in review: From IT rule tweaks to Thanos' snap at Twitter, social media hit reset

After a year of bitter confrontation with Big Tech, the government moved decisively in 2022 to tighten the rules for safety of social media users, curb toxic content, and protect citizens' data.

published on : 28th December 2022

Many lost jobs in 2022, but IT sector will pull through

The pandemic heralded drastic changes in work practices and execution, perhaps forever.

published on : 26th December 2022

Start-ups see funding winter, layoffs

The funding in the edtech sector has witnessed a significant drop, about 39%, in 2022 compared to last year.

published on : 25th December 2022
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