layoffs
Yahoo to layoff nearly 20% of its workforce as part of adtech unit restructuring
As advertisers continue to pull back on spending and pare back their marketing budgets, companies like Yahoo have felt the heat. And once again, that has come at…
Dell will lay off over 6500 employees amid sharp drop in PC sales
As the demand and sales of PCs continue to drop in the midst of an economic slowdown and subsidence of COVID-induced surge, Dell is the latest to join…
Byju’s fires more staff in fresh round of layoffs: Report
The funding winter, which has been specially severe for India’s high profile unicorns, has forced multiple startups to trim their workforce and accelerate move towards profitability. Now Byju’s,…
Google to reduce workforce by 6%, lay off up to 12,000 employees
The faltering global economy just forced yet another big tech company to reduce its workforce in order to keep financials in check. According to an internal memo (which…
Microsoft confirms 10,000 employees are being laid off across divisions
Confirming earlier reports of a big job cut coming in at Microsoft, Satya Nadella, CEO of the Redmond-HQed big tech major, confirmed that 10,000 employees will be laid…
ShareChat lays off nearly 500 employees amid cost-cutting measures
In the latest instance of employees finding themselves out of a job due to cost-cutting, Google-backed ShareChat’s parent company Mohalla Tech has fired 20% of its workforce, as…
Amazon layoffs, which started November last year, to affect 18,000 employees
Amazon’s layoffs are going to be bigger than we had anticipated. Last year, reports surfaced that the second-largest private employer in the US was looking to fire as…
Tesla could enact a new round of layoffs, freeze hiring in upcoming fiscal quarter
Its not news anymore. Layoffs are very much a general phenomenon in the post-COVID world, and none are immune to it. Tech companies and startups have seen the…
Unacademy to shut down global test prep arm, management to take paycuts
Edtech unicorn Unacademy will be winding up the books for its global test preparation arm for the United States Medical Licensing Exam (USMLE). Launched earlier this year, the…
Ola delays yearly appraisal, begins layoffs across verticals: Report
According to reports, Ride hailing unicorn Ola has deferred impending yearly appraisals, and has internally started layoffs, expected to reach 400-500. The development comes as Ola recently shut…
Mass layoffs at $22Bn-valued Byju’s, pushes back payments for $1 Bn Aakash acquisition: Report
Byju Raveendran’s Byju’s, India’s highest valued startup and torchbearer of the Indian edtech space, has parted ways with over 2000 employees across a couple of its acquired entities…
Netflix lays off (again), taking total layoffs to nearly 450
Instances of companies laying off employees to survive tough market conditions this year have been more common than one would have liked, and things do not look to…
Amid crypto meltdown and hiring freeze, Coinbase to lay off 18% of its global workforce
The crypto winter has been hard for crypto enthusiasts, cryptocurrencies, and crypto exchanges alike – in fact, the overall value of global cryptocurrencies has fallen by almost 70%…
Tesla cancels three online hiring events for China scheduled in June
A week after Elon Musk directed company executives to pause all hiring globally, Tesla has now cancelled three online hiring events for its operations in China. This comes…
Softbank-backed Brazilian crypto upstart 2TM lays off 10% employees amid crypto bear run
In recent times, most of the journalistic institutions have spent their time bearing bad news about global economy and job security. 2TM Participacoes SA, parent company to the…
Cars24 lets go of 600 employees citing “business as usual, performance linked exits”
Indian start-up land is facing layoffs from all directions. Online used car marketplace Cars24 let go of 600 employees on Thursday, adding to a list of high profile…
Microsoft is reducing workforce after closing retail stores
As the unspoken king of the PC business-Microsoft enters a new fiscal year, the company has announced job cuts across geographies, to trim down on operation costs, probably…
IBM reportedly laying off “thousands” of employees amid strategic refocus towards cloud
IBM’s bets in the past have not really landed very well. The company was already “not flourishing,” to say the least, and coronavirus did it no favours either.…
Zomato to lay off 13% staff as hospitality sector bears the brunt of COVID-19’s economic fallout
“We need to make sure that we preserve as much cash as possible to weather the storm” said Deepinder Goyal, Founder and CEO of Zomato, on Friday. The…
Uber to lay off 3700 from its workforce to cut losses in wake of COVID 19 pandemic
Uber, the company that took the world by force and practically invented the market of ride hailing services, is going through a rough patch due to Covid 19…
Amid declining business, Walmart India fires top executives across divisions, halts expansions
World’s largest retailer Walmart is struggling in the Indian market. While the over $16 billion Flipkart acquisition resulted in some obvious financial drains, the company’s core ‘Walmart’ branded…
