layoffs
- Technology
Ola Electric set to lay off 500 employees amid controversies, poor results
New Delhi: Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of an restructuring exercise. The Bhavish Aggarwal-led…
- Technology
Healthify cuts around 27% workforce in restructuring exercise
New Delhi: Homegrown health tech startup Healthify (formerly Healthifyme) has laid off around 27 per cent of its workforce, or about 150 employees, in a restructuring exercise, a media report said on…
- Business
Leading IT firms in India lost close to 70K employees in last fiscal year
New Delhi: Amid the muted revenue growth in the Indian IT services sector due to global macroeconomic headwinds, leading IT companies saw a drop of nearly 70,000 employees in the last fiscal…
- Business
Apple cancels self-driving EV project, to lay off workers: Report
San Francisco: Apple has reportedly shelved its autonomous electric car project permanently and is likely to lay off “hundreds of employees” from the division, the media reported on Wednesday. According to a…
- Business
Restaurant tech supplier Toast to cut 550 jobs in restructuring exercise
San Francisco: US-based restaurant management software company Toast has announced to lay off around 550 employees or about 10 per cent of its workforce in a restructuring exercise. The company announced the…
- Business
Cisco to let go over 4,000 workers in restructuring exercise
San Francisco: Global networking giant Cisco has announced that it plans to lay off 5 per cent of its global workforce, amounting to thousands of employees, as part of a restructuring exercise.…
- Business
Fashiontech startup Blissclub lays off nearly 18% workforce to cut costs: Report
New Delhi: Direct-to-consumer (D2C) startup Blissclub has laid off nearly 21 employees, or 18 per cent of its workforce, to cut costs. However, the number of impacted employees at the fashion apparel…
- News
Zoom lays off 150 employees, Okta slashes 400 jobs
New Delhi: Video communication platform Zoom is laying off nearly 150 employees, or less than 2 per cent of the company’s workforce. Zoom said the layoffs are not company-wide and it will…
- Business
Cybersecurity firm Proofpoint slashes 280 jobs globally
San Francisco: US-based cybersecurity company Proofpoint is laying off 280 employees, or around six per cent of its total workforce of 4,500. The job cuts will include around 20 employees in its…
- Business
Google posts $307 bn revenue in 2023, spent billions of dollars to lay people off
San Francisco: Google, which spent $2.1 billion on severance and other expenses as it laid off more than 12,000 employees last year, will spend another $700 million on employee severance charges for…
- News
Jack Dorsey’s fintech firm Block lays off nearly 1,000 employees
San Francisco: Jack Dorsey’s financial services company Block is laying off close to 1,000 employees, which will affect staff in the Cash App, Afterpay and Square subsidiaries of the company. About 1,000…
- Business
Salesforce joins big tech layoffs, to cut 700 jobs: Report
New Delhi: Enterprise software major Salesforce has become the latest tech company to make job cuts, according to a media report on Friday. The company is laying off around 700 employees, said…
- Business
Fintech firm Brex cuts 20% of jobs in restructuring exercise
San Francisco: US-based fintech company Brex has laid off about 20 per cent of its workforce, or 282 employees, in a restructuring exercise. “Today we’re restructuring Brex to become a high-velocity company.…
- Business
YouTube laying off 100 employees from creator management teams: report
San Francisco: Google-owned YouTube is reportedly laying off at least 100 employees from its creator management and operations teams. YouTube Chief Business Officer Mary Ellen Coe announced the layoffs internally, reports Tubefilter.…
- Technology
Over 7500 IT employees laid off worldwide in 2024’s first 2 weeks
New Delhi: In just two weeks into the New Year, at least 46 IT and tech companies (including startups) have laid off more than 7,500 employees and the number is growing by…
