Layoff
- Middle East
No layoffs at Danube Group, confirms chairman Rizwan Sajan
Dubai: The Dubai-based Danube Group has ruled out any layoffs, with chairman Rizwan Sajan confirming that all employees will be retained and salaries will be paid on time despite ongoing economic uncertainty.…
- Technology
Microsoft’s largest layoff in years hits Xbox, sales, other divisions
New York: Technology Writer Microsoft is firing thousands of workers, its second mass layoff in months and its largest in more than two years. The tech giant began sending out layoff notices…
- 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…
- Technology
Meta to lay off employees in metaverse-driven Reality Labs: Report
San Francisco: Meta is reportedly planning to lay off an unknown number of employees from its metaverse-driven Reality Labs division. Employees have been informed about the impending layoffs on Wednesday (US time)…
- 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…
