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The e-commerce company, Amazon has slashed its direct workforce by nearly lakh, the largest sequen...
As Ola ramps up its hiring for the electric mobility business, the urban mobility firm is in the pro...
A leading global commerce company, Shopify has announced that it will lay off percent of its work...
The leading destination for short-form mobile video, TikTok has begun its process of laying off staff across the company in the U.S. and Europe. This will be part of a move to reorganize its business. The European employees of TikTok were told that their jobs were at risk and that they would hold a meeting with the […]
Ford Motor Company is planning to lay off nearly 8,000 employees in the coming weeks to boost funds in the electric-vehicle market. The layoffs are said to help wean Ford off ICE production and use those funds to further invest in EV development. The layoff plans may come in phases and are likely to begin this summer. Chief […]
San Francisco-based online interior design services startup Modsy has shut down and laid off all of its employees. According to the reports, while the company’s website remains operational, its Twitter and Facebook pages have been deleted, and its Instagram account has been made private. However, the startup claims to have returned some service order charges and […]
A lifestyle brand focused on gaming content, esports, and apparel, 100 Thieves has laid off dozens of employees. The recent layoff are reported on July 13 the reasons yet unknown. The company has laid off several employees across both its social media and content teams in a major shakeup for the esports, media, and apparel company, including senior staff […]
Google will slow hiring for the rest of the year. Chief Executive Sundar Pichai has informed about the same to employees. Pichai wrote, “Moving forward, we need to be more entrepreneurial, working with greater urgency, sharper focus, and more hunger than we’ve shown on sunnier days. In some cases, that means consolidating where investments overlap and streamlining […]
Electric vehicle maker, Tesla has laid off 229 annotation employees from its Autopilot team and closed one of its offices in the US. Tesla laid-off employees from its San Mateo office which has employed 276 workers. The remaining 47 employees may be sent to work in Tesla’s Buffalo Autopilot office. According to reports, “Most of the […]
American multinational technology corporation, Microsoft has announced that it will be slashing some jobs because it realigned enterprise teams and roles after the shut of its fiscal 12 months on June 30. Microsoft will let go “small number of employees” due to a “strategic alignment. The layoffs, affect lower than 1 percent of this total workforce […]
US-based autonomous vehicle technology startup, Argo AI layoffs about 150 employees as it makes adjustments to its business plans. The layoffs will be 5% of the Workforce. The company still has a global workforce of more than 2,000 employees. The company, backed by Ford Motor Co and Volkswagen AG, said “with incredible growth and progress […]
India’s largest mobility platform and one of the world’s largest ride-hailing companies, Ola may lay off around 400-500 employees to drive cost-efficiency. The layoffs have been in results as in April 2022, Ola Dash scaled down its operations from 9 cities to 3 cities and dismissed over 2,100 contract workers. In June 2022, it shut down […]
Cryptocurrency lending platform, Celsius has laid off 150 employees which are 25% of its workforce. The layoffs have been done as the global crypto market goes through its worst meltdown. Celsius has informed, “We are focused and working as quickly as we can to stabilise liquidity and operations, in order to be positioned to share […]
As the tech and startup sector gets hammered by economic meltdown, more that 22,000 workers in the sector have lost jobs in 2022, along with more than 12,000 in the Indian startup ecosystem. Startups, especially the ones who benefited from a pandemic boom, are feeling the pressure as valuations, particularly at the late stage, have […]
Telecom equipment supplier Parallel Wireless has laid off at least 500 employees in India, Israel, UK, and US. The ‘Huge firings’ at Parallel Wireless as CEO blames economic conditions. RIU Global Services Pvt. Ltd. confirmed the layoffs through a LinkedIn post and said, “Yesterday, Parallel Wireless announced the layoff of 500 employees. While this is disappointing news for […]
