layoffs

	Meta conducts another layoff round, 6K jobs to be axed The tech giant cut around 4,000 of the planned 10,000 positions last month, leaving nearly 6,000 positions potentially on the chopping block. published on : 25th May 2023
	Acquirer of Silicon Valley Bank announces layoffs at the failed institution First Citizens Bank of Raleigh, North Carolina, said it was cutting about 500 jobs or about 3 per cent of its workforce. published on : 25th May 2023
	'Important to allow yourself to grieve': Tech layoffs impact nearly 2 lakh employees in 2023 According 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... published on : 18th May 2023
	'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. published on : 16th May 2023
	Layoffs also harm shareholder returns in the long term: Report Given 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. published on : 15th May 2023
	Disney+ loses 4 million subscribers as fresh layoff round approaches The 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. published on : 11th May 2023
	LinkedIn closes China service, cuts over 700 jobs The company had introduced a unique domestic version of the career networking platform operated locally in order to comply. published on : 9th May 2023
	Disney kicks off layoffs, 4K employees to be impacted The second round of cuts will affect Disney Entertainment and ESPN, as well as Disney Parks, Experiences and Products. published on : 25th April 2023
	Hiring on amid layoffs by start-ups Reports suggest over 24K employees have lost jobs in Indian start-ups till now since 2022. published on : 9th April 2023
	Online delivery platform Dunzo fires 300; secures USD 75 million funding In 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. published on : 7th April 2023
	WSJ: McDonald's to close offices briefly ahead of layoffs McDonald's has more than 150,000 employees in corporate roles. About 70% of those employees are based outside the United States. published on : 3rd April 2023
	Wrong to assume that sacked H-1B staffers have to leave America within 60 days: USCIS director The 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. published on : 28th March 2023
	Over 23,000 techies lose jobs in nearly 82 Indian startups to date The startups that lead the layoff tally include BYJU'S, Ola, OYO, Meesho, MPL, LivSpace, Innovaccer, Udaan, Unacademy and Vedantu, among others. published on : 25th March 2023
	Global IT services firm Accenture slashes 19,000 jobs The 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. published on : 23rd March 2023
	Layoffs in US will bring lot of work to India: GlobalLogic CEO Nitesh Banga In 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. published on : 20th March 2023
	Facebook parent Meta to go for second round of layoffs As layoffs continue in technology companies, social media giant Facebook parent firm Meta is reportedly planning to sack more employees as early as this week. published on : 8th March 2023
	India Inc bosses to get 9.1 per cent pay hike, average CEO compensation now Rs 8.4 crore Within 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. published on : 30th January 2023
	Philips cuts 6,000 more jobs after sleep device recall Chief 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. published on : 30th January 2023
	Demand for non-tech jobs grew during December 2022: Report The report further revealed that Bengaluru tops the list of cities in job postings, occupying 16.5 per cent of the total share. published on : 29th January 2023
	Need to pivot fiscal policy towards job creation The crisis perpetuates itself as sub-contractualisation of work even within the organised sector promotes insecurity among existing workers about their future. published on : 29th January 2023