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.
Global economic slowdown and a potential resurgence of COVID-19 are key areas of worry for Indians.
Over three lakh employees have been laid off globally, mainly in the USA. It is estimated that about 40% of them are Indians.
'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.
Microsoft, Meta, Amazon and Alphabet together have laid off 51,000 employees. Till now, 312,600 employees have lost jobs, according to Layoffs.fyi.
Last week, Wipro had fired 452 freshers and the company said they performed poorly in assessments repeatedly even after providing training.
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%
Even with all of the layoffs announced in recent weeks, most tech companies are still vastly larger than they were three years ago.
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.
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.
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.
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.
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.
The Washington state-based company, which industry trackers say has more than 220,000 workers, trimmed its ranks of employees twice last year.
Amazon has fired at least 1,500 employees, including those who opted for the voluntary separation programme
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."
Software maker Salesforce, meanwhile, is laying off about 8,000 employees, or 10% of its workforce.
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.
The pandemic heralded drastic changes in work practices and execution, perhaps forever.
The funding in the edtech sector has witnessed a significant drop, about 39%, in 2022 compared to last year.