Employees were called at 7:30 am in pretext of meeting and then fired, THIS way BIG investment firm lays off its staff
Those sacked were given the choice to leave the office immediately or wait for colleagues to arrive so they could say goodbye. A Goldman Sachs spokesperson said that "this is a difficult time for people leaving the firm".
Jan 17, 2023, 18:58 PM IST
91 tech companies lay off over 24,000 employees in first 15 days of January
In India, companies like Ola (which fired 200 employees), voice automated startup Skit.ai, dominated the headlines in January.In December last year, over 17,000 tech employees were shown the door.
Jan 16, 2023, 17:35 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
'Palpable economic crisis brewing, joblessness among youth': Rahul Gandhi in letter to public
The letter was released as the Congress's Bharat Jodo Yatra, a 3500 km long journey in Jammu and Kashmir, is nearing its end.
Jan 14, 2023, 07:29 AM IST
Amazon India to lay off around 1000 of its employees in coming days: Report
Amazon has joined the big tech giants in recent times to lay off their substantial proportion of employees ahead of expected recession in 2023. Last year, Meta had laid off its 13000 employees globally as part of business restructuring and cost cutting.
Jan 06, 2023, 19:26 PM IST
US Inflation slows down further in November - Details Inside
The report, which also showed underlying inflation posting its smallest monthly gain in more than a year, was published as officials at the U.S. central bank were gathering for their final two-day policy meeting of the year.
Dec 13, 2022, 20:59 PM IST
US-tech company Cisco starts laying off its 5% employees -- Details Inside
According to Silicon Valley Business Journal, impacted workers took to TheLayoff.com and Blind portal to post about their job cuts at the company.
Dec 13, 2022, 17:13 PM IST
THIS company has to start another fresh round of layoffs -- Details Inside
Back in November, the company laid off hundreds of employees, as Big Tech firms navigate through an economic slowdown. Protocol first reported that Salesforce was preparing for a major round of layoffs that could affect as many as 2,500 employees.
Dec 11, 2022, 12:23 PM IST
Job Cut! Intel to lay off its employees soon to cut 'human costs' - Details Inside
In October, Intel announced its plans to reduce "human costs" from the operations and sales departments by as much as $3 billion annually in the short term and $8 to $10 billion by the end of 2025.
Dec 10, 2022, 15:25 PM IST
Amazon to close its food delivery business in India after e-learning platform -- Details Inside
On Thursday, Amazon said it was shutting down the Amazon Academy platform in India that was launched early last year amid a boom in virtual learning during the COVID-19 pandemic.
Nov 26, 2022, 09:38 AM IST
Tech companies layoff: This Indian company founder offers jobs to recently fired Indian employees
Employees have been sharing heartful posts after being sacked off from the big tech companies. One former Meta employee shared a post after being fired informing how she was laid off while on maturity period.
Nov 13, 2022, 18:47 PM IST
From Meta to Twitter, Here's the list of TECH companies that announced layoff in 2022 -- In PICS
Expert anticipate mild recession next year. Keeping themeselves ready for it, several tech companies globally have announced lay off in the past few months, making it one of the worst years in the industry. Meta recently laid off 11,000 employees while Twitter cut almost 50% staff this month. However, they are not alone. Several tech companies have taken the same measure to lower their cost and turn themselves profitable in coming months. Here's the list of big tech companies that laid off their employees and what is the percentage of it.
Nov 12, 2022, 18:25 PM IST
Meta fires 13% staff globally: Twitteratis question whether 'recession is coming'
In a letter to Meta employees, Zuckerberg informed about the layoff and the following procedure that will be followed. The move has triggered a wave of response among Netizens who are questioning whether it’s a start of recession.
Nov 09, 2022, 21:10 PM IST
Digital transformation may get slower due to inflation, rising costs: Report
Digitalisation requires funding, time and talent and inflation and costs pressures may force companies to scale back focus and investment in these projects.
Nov 08, 2022, 15:09 PM IST
Rising interest rates unlikely to severely affect the asset quality of home loans: ICRA
There is limited headroom to increase the tenure as incremental loans in the prime home loan segment already have long tenures and a further extension in loan tenures will lead to overall tenures extending beyond the working life of the borrower.
Nov 08, 2022, 13:24 PM IST
Bank of England warns of longest recession in 100 yrs
A 0.75 per cent increase, the latest in a series of eight interest rate rises since last year, would not be enough to guarantee victory in the war against double-digit inflation, the Bank said, as it cautioned further action would be needed.
Nov 04, 2022, 16:52 PM IST
Microsoft lays off over 1000 employees amid slow revenue growth: Report
Microsoft had seen the slowest revenue growth in the last five years in the first fiscal quarter in July. The company is going to announce the result of the second quarter on October 25.
Oct 18, 2022, 13:11 PM IST
India unlikely to be hit as hard by global recession as other countries: SBI chairman
With a projected growth rate of 6.8 per cent and inflation "much under control", India is doing reasonably well, Khara told PTI in an interview on the sidelines of the annual meeting of the International Monetary Fund and the World Bank here on Friday.
Oct 15, 2022, 15:03 PM IST
86% global CEOs expect a recession next year: Survey
These leaders were asked about their strategies and outlook during the survey. Over the next year, more than 8 out of 10 (86 per cent) global CEOs anticipate a recession to hit, with 71 per cent predicting it will impact company earnings by up to 10 per cent, said the survey.
Oct 05, 2022, 15:46 PM IST
World may be edging toward a global recession in 2023, World Bank warns
Central banks have raised rates "with a degree of synchronicity not seen over the past five decades" to tackle soaring prices, World Bank said, BBC reported.
Sep 17, 2022, 09:41 AM IST