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Amazon lays off hundreds in its Alexa division as it plows resources into AI

In a note to employees on Friday, Daniel Rausch, Amazon's vice president of Alexa and Fire TV, wrote that the company is eliminating certain roles because it is ditching some initiatives.

published on : 18th November 2023
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Cash-strapped Byju’s to fire 4,000 employees

Byju’s is also planning to repay the $1.2 billion term loan B within the next six months. It will clear the loan amount by selling Great Learning and Epic, which were acquired in 2021.

published on : 27th September 2023
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Byju’s delays payments of laid off employees

The employee said many people were fired from his team alone and that the company had sent a mail saying they would settle dues including dearness and travelling allowances and variable pay soon.

published on : 19th September 2023
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GST on online gaming: Hike’s Rush Gaming lays off about 22% employees

Hike founder and CEO Kavin Bharti Mittal said, “Business is in its best shape ever. This 400% rise in GST is a bazooka pointed at us. We’ll need to absorb some of it.”

published on : 11th August 2023
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Popular chatting platform Discord lays off 37 employees

The social media platform, which has 150 million monthly active users, is a voice and text chat platform largely aimed at gamers and teenagers.

published on : 4th August 2023
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Used car startup Spinny lays off 300 as it merges two platforms

The Tiger Global-backed start-up merged its two platforms- Truebil and Max- with its main platform. This move will impact 4.5% of its total workforce.

published on : 4th August 2023
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Amazon cuts jobs in its Fresh Grocery stores as it aims to rein in costs

Amazon did not disclose how many employees would lose their jobs as a result. The Washington Post had reported late Wednesday that hundreds of Fresh employees would be let go.

published on : 28th July 2023
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Dunzo likely to fire 200 in third round of layoff

This is the third round of layoffs in which about 200 employees are likely to be fired.

published on : 22nd July 2023
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Several top editors at Penguin Random House accept buyout offers, layoffs also underway

HarperCollins and Hachette Book Group are among other publishers who have offered buyouts in recent months.

published on : 18th July 2023
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Sachin Bansal's Navi Technologies lays off around 200 employees

A source said that the lay-off started a couple of weeks back, and more employees are likely to be fired from the company.

published on : 13th July 2023
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Reliance Retail-backed Dunzo defers June salaries

It fired 3% of its workforce or 80 employees in January and again another 30% in April to cut costs and also to streamline the start-up’s operations.

published on : 11th July 2023
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Edtech start-up FrontRow shuts operations

Ishaan Preet Singh, co-founder, FrontRow, told TNIE that 90% of start-ups don’t work out and we don’t have regrets.

published on : 11th July 2023
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Still hiring: Big Tech layoffs give other sectors an opening in the US

No employer is making a more aggressive push than the country's largest: the federal government, which is aiming to hire 22,000 tech workers in fiscal year 2023.

published on : 27th June 2023
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Mojocare lays off 170, investors flag irregularities

Earlier, Online car service and repair start-up GoMechanic too had faced a similar issue and they admitted to financial reporting ‘errors’.

published on : 20th June 2023
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Byju’s fresh layoffs to impact 1,000

This decision comes at a crucial time when Byju’s hasn’t made any further payments including interest on a $1.2 billion Term Loan B (TLB).

published on : 20th June 2023
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More trouble for Byju’s as lenders say lawsuit is ‘meritless’

Earlier, during its US entity Byju’s Alpha issue, the company had said that it entered into the Term Loan B agreement with the clear intention of utilising the raised funds to drive growth.

published on : 10th June 2023
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