Layoff
- Business
E-commerce & fintech firm Bolt lays off 29% of staff
San Francisco: US-based e-commerce and fintech company Bolt has confirmed it laid off 29 per cent of its staff. According to a Bolt spokesperson, the company made the cuts to get Bolt…
- Technology
Amazon axes over 180 jobs in gaming division
San Francisco: Amazon is laying off over 180 employees in its games division, as the company shuts down its Crown channel that streams on Twitch, closes its Game Growth effort that helps…
- Technology
NFT marketplace OpenSea lays off 50 per cent of its workforce
San Francisco: Non-fungible token (NFT) marketplace startup OpenSea, valued at $13.3 billion last year, has laid off about half of its workforce as part of “significant organisational and operating changes”. A company…
- Business
T-Mobile announces to lay off about 5K workers
San Francisco: US-based wireless network operator T-Mobile has announced to lay off 5,000 employees, or around seven per cent of its workforce, over the next five weeks. The job cuts will largely…
- Business
Homegrown crypto exchange CoinDCX lays off 12% of its workforce
New Delhi: Homegrown crypto exchange CoinDCX on Tuesday said it is laying off about 12 per cent of its workforce, as the crypto market continues to navigate the tough macro conditions and…
- Technology
Video game developer CD Projekt to lay off 9% of staff
San Francisco: Video game developer CD Projekt Red (CDPR), who developed franchises like The Witcher and Cyberpunk, has announced to lay off nearly 9 per cent of its workforce, or around 100…
- Business
Crypto firm Circle lays off staff, cuts investments in non-core activities
San Francisco: US-based cryptocurrency company Circle which manages stablecoin USDC (USD Coin), has announced that it is reducing its workforce and cutting investments in non-core business activities. Jeremy Allaire, CEO of Circle,…
- Technology
Global SaaS platform Zendesk lays off 8% of workforce
New Delhi: Software-as-a-service (SaaS) platform Zendesk has announced to lay off 8 percent of its workforce, about 320 employees, as macroeconomic conditions have not improved and “we find ourselves in an increasingly…
- Technology
Alibaba to make significant job cuts amid IPO plans
Hong Kong: Chinese internet giant Alibaba is making significant job cuts, reportedly around 7 percent of its workforce, as it plans separate IPOs for its various business groups. In March, Alibaba Group…
- Technology
Disney begins 3rd job cut round, 2,500 employees to be affected
San Francisco: Entertainment giant Disney has started its third round of layoffs that will affect over 2,500 employees across the board, the media reported. Although Parks and Resorts remain largely untouched, no…
- Business
We did not concoct a plan to slash 55,000 jobs in last 36 hours: BT CEO
London: The UK telecommunication giant BT Group, which has announced to slash a massive 55,000 jobs by the end of the decade, did not suddenly concoct a plan in the last 36…
- Business
Digital intelligence firm Similarweb cuts another 6% of staff
San Francisco: Digital intelligence company Similarweb has laid off around 6 per cent of its workforce, or over 60 employees, in another round of job cuts. According to CTech, the cutbacks were…
- Business
Disney+ loses 4 mn subscribers as fresh layoff round approaches
New Delhi: Entertainment giant The Walt Disney Company’s flagship streaming service Disney+ lost four million subscribers in its second quarter that ended April 1, as the company approached its third round of…
- Business
LinkedIn lays off 716 employees, shuts China app
New Delhi: Microsoft-owned LinkedIn has laid off 716 employees, as the company makes changes to its Global Business Organisation (GBO), along with shutting down its InCareer app in China. The company’s CEO…