Disney+ Loses 4 Mn 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.
May 11, 2023, 15:45 PM IST
As Apple Slows Down Pace Of Hiring, Tim Cook Says Mass Layoffs Are ‘Last Resort’
Apple did not hire the way other tech giants did during the pandemic and this is why the company is better positioned not to lay off employees.
May 08, 2023, 09:18 AM IST
Fresh Layoffs Begin At Meta Globally, Technical Employees Most Hit
Several Meta employees went to LinkedIn to post their ordeal, saying they have been asked to go.
Apr 20, 2023, 14:35 PM IST
Grocery Delivery App Milkrun To Wind Down Biz, Lays Off 400 Employees
According to reports, MilkRun co-founder Dany Milham told the staff that the company will wind down business on April 14.
Apr 13, 2023, 12:54 PM IST
Over 24,250 Indian Techies Lose Jobs At 84 Startups To Date
The list of startups sacking employees is only growing in the country.
Apr 10, 2023, 15:35 PM IST
Mcdonald's Temporarily Shuts US Offices, Plans Major Layoffs
In January, the company said it planned to make "difficult" decisions about changes to its corporate staffing levels by April.
Apr 03, 2023, 14:28 PM IST
Meta Layoff: Company Plans To Further Cut Jobs That Could Match Last Year's Size
Meta cut roughly 11,000 jobs, or about 13 per cent of its employees, last year. The reductions this year are expected to reach the same proportion of those who remain, the people said, though the final count of the cumulative cuts expected over the second quarter isn`t yet clear.
Mar 12, 2023, 08:01 AM IST
Meta Plans Fresh Round Of Layoff In Coming Weeks: Report
Meta had laid off over 11,000 employees across the world, which accounted for 13% staff globally. The decision followed the slump in revenue growth and faltering of its shares.
Mar 07, 2023, 11:17 AM IST
Telecom Equipment Maker Ericsson Plans To Lay Off 8,500 Employees Globally: Report
The company said in December it would cut costs by 9 billion crowns ($880 million) by the end of 2023 as demand slows in some markets, including North America.Ericsson to lay off 8,500 employees
Feb 24, 2023, 20:15 PM IST
Byju's to Shut Coding Platform Whitehat Jr, Company Says 'merely Optimising' It
WhiteHat Jr, which at its peak had more than 8,000 employees across the country, now has some hundreds of roles left as it never picked up pace and brought revenues for the company.
Feb 23, 2023, 15:50 PM IST
Wipro Offering Freshers Lower Pay --Check How Much Company Wants to Pay
Candidates who come within the bracket of Rs 6.5 lakh per annum, waiting to be on-boarded, received an email from the management of Wipro on February 16, asking them whether they would work for lesser pay.
Feb 21, 2023, 08:22 AM IST
Tcs Not Considering Layoffs, Hiring Impacted Employees from Startups
The comments have come amid IT companies, including big tech giants, the world over laying off people due to a slew of reasons.
Feb 20, 2023, 11:20 AM IST
'Aiyyo!', Says PM Modi After Meeting Insta Influencer Behind Viral Layoff Video
Shraddha Jain, better known as 'Aiyyo Shraddha', played the role of a techie fired from the job in a viral Instagram reel which has been seen by more than two million users.
Feb 14, 2023, 08:30 AM IST
Over 17,400 Tech Employees Got Fired in Feb Globally to Date
In 2023 so far, around 340 companies have laid off more than 1.10 lakh employees worldwide, and there appears to be no respite from job cuts.
Feb 13, 2023, 10:07 AM IST
Amid Layoff Season, THIS Firm to Create 30,000 New Jobs in India
The company currently has a workforce of over 50,000 people in the country.
Feb 07, 2023, 09:38 AM IST
Pinterest Lays Off About 150 Employees Amid Cost-Cutting Measures
Digital payments company PayPal also announced that it is laying off 2,000 full-time employees, or about 7 per cent of its global workforce, to address the "challenging macroeconomic environment.
Feb 03, 2023, 18:28 PM IST
Get Prepared for Deeper Layoffs in 2023, Predict Business Economists
With more Big Tech companies like Microsoft and Google joining the ongoing layoff season, about 3,000 tech employees are now being laid off per day on average in January globally, including in India.
Jan 25, 2023, 07:53 AM IST
Swiggy lays off its 380 employees after town hall meeting, says 'extremely difficult decision'
Swiggy CEO said the company is committed to exploring new business opportunities but has also taken harder look at some of its existing new verticals.
Jan 20, 2023, 13:33 PM IST
Indian startup ShareChat lays off its 20% employees amid pressure from investors for cost cutting
Valued at $5 billion, Bengaluru-based ShareChat has more than 2,200 employees and is spreading its team globally across India, the United States and Europe, according to its website.
Jan 16, 2023, 16:02 PM IST
This CEO of $4.5 bn digital company disgusted at tech layoffs
Wefox is a Germany-based firm that connects users seeking insurance with brokers and partner insurers via an online platform.
Nov 26, 2022, 20:41 PM IST