![]() | Meta conducts another layoff round, 6K jobs to be axedThe tech giant cut around 4,000 of the planned 10,000 positions last month, leaving nearly 6,000 positions potentially on the chopping block. |
![]() | Acquirer of Silicon Valley Bank announces layoffs at the failed institutionFirst Citizens Bank of Raleigh, North Carolina, said it was cutting about 500 jobs or about 3 per cent of its workforce. |
![]() | 'Important to allow yourself to grieve': Tech layoffs impact nearly 2 lakh employees in 2023According to layoffs.fyi, which tracks tech layoffs, 687 tech companies have laid off 1,97,837 employees so far in 2023. Here's how some of them are coping... |
![]() | 'Performance not good enough': Vodafone's new CEO says to axe 11,000 jobs"Our performance has not been good enough. To consistently deliver, Vodafone must change," Della Valle said in a statement. |
![]() | Layoffs also harm shareholder returns in the long term: ReportGiven that personnel are a key cost driver for most organisations, it's not surprising that business leaders look for job cuts while trying to contain costs in an uncertain business environment. |
![]() | Disney+ loses 4 million subscribers as fresh layoff round approachesThe key reason behind the decline was Disney+Hotstar, which lost 8 per cent of its subscriber base -- from 57.5 million in Q1 2023 to 52.9 million in Q2. |
![]() | LinkedIn closes China service, cuts over 700 jobsThe company had introduced a unique domestic version of the career networking platform operated locally in order to comply. |
![]() | Disney kicks off layoffs, 4K employees to be impactedThe second round of cuts will affect Disney Entertainment and ESPN, as well as Disney Parks, Experiences and Products. |
![]() | Hiring on amid layoffs by start-upsReports suggest over 24K employees have lost jobs in Indian start-ups till now since 2022. |
![]() | Online delivery platform Dunzo fires 300; secures USD 75 million fundingIn January, Dunzo fired 3% of its workforce or 80 employees and said the start-up is continuously looking at its team structures and network design to build efficiency into teams. |
![]() | WSJ: McDonald's to close offices briefly ahead of layoffsMcDonald's has more than 150,000 employees in corporate roles. About 70% of those employees are based outside the United States. |
![]() | Wrong to assume that sacked H-1B staffers have to leave America within 60 days: USCIS directorThe H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. |
![]() | Over 23,000 techies lose jobs in nearly 82 Indian startups to dateThe startups that lead the layoff tally include BYJU'S, Ola, OYO, Meesho, MPL, LivSpace, Innovaccer, Udaan, Unacademy and Vedantu, among others. |
![]() | Global IT services firm Accenture slashes 19,000 jobsThe company's workforce, the majority of which serves clients, increased to approximately 7,38,000 as of February 28, 2023, compared to 6,99,000 a year ago. It employs 3 lakh people in India. |
![]() | Layoffs in US will bring lot of work to India: GlobalLogic CEO Nitesh BangaIn an interview to PTI, GlobalLogic President and CEO Nitesh Banga said the company is looking to acquire talents in India and plans to grow its employee base by 25-35 per cent every year. |
![]() | Facebook parent Meta to go for second round of layoffsAs layoffs continue in technology companies, social media giant Facebook parent firm Meta is reportedly planning to sack more employees as early as this week. |
![]() | India Inc bosses to get 9.1 per cent pay hike, average CEO compensation now Rs 8.4 croreWithin Pay at Risk, the component of long-term incentive has increased to 40 per cent of the total compensation as of now, up from 26 per cent in 2015-16. |
![]() | Philips cuts 6,000 more jobs after sleep device recallChief Executive Roy Jakobs announced the "difficult, but necessary further reduction of our workforce" by 2025, which comes just three months after it announced another 4,000 cuts. |
![]() | Demand for non-tech jobs grew during December 2022: ReportThe report further revealed that Bengaluru tops the list of cities in job postings, occupying 16.5 per cent of the total share. |
![]() | Need to pivot fiscal policy towards job creationThe crisis perpetuates itself as sub-contractualisation of work even within the organised sector promotes insecurity among existing workers about their future. |
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