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PlayStation maker Sony Interactive Entertainment will lay off overall headcount globally by or ab...
A BB trade platform, designed specifically for small amp medium businesses in India, Udaan to lay...
According to reports, An American multinational conglomerate holding company FedEx will sack a few e...
The tech giant Google’s parent company Alphabet will be laying off hundreds of employees from its global recruiting team. As per the media reports, the layoff continues amid slow hiring. Moreover, the company is actively assisting affected employees in their search for alternative roles, both within Alphabet and in other organizations. Alphabet is the first “Big […]
UBS Group AG is cutting Asia wealth-management jobs in the low hundreds, just months after completing its takeover of rival Credit Suisse as the bank responds to muted client activity and China’s slowing economy. According to various media reports, UBS plans to cut a minimum of 100 positions, including roles such as relationship managers in Hong […]
An American multinational technology company, Dell Technologies will sack its employees in the core sales team as the company adopts a new partner-driven market strategy. According to Economic Times, a Dell spokesperson said, “Some members of our sales team will leave the company.” “We don’t make these decisions lightly, and we’ll support those impacted as they […]
Sambhav Jain and Kush Taneja, co-founders of Bengaluru-based startup fintech app Farm has announced the layoff of 18 employees. Sambhav Jain shared a Tweet from his official handle with the information about the layoff. The company has asked recruiters to get in touch for the relevant profiles and referrals. Sambhav Jain Tweet said, “One of the […]
A new-age used car end-to-end platform in India, Spinny will cut around 300 jobs in order to boost profitability. Spinny has about 6,000-6,200 employees and the sackings affect 5 percent of the workforce. The company is currently operating in Delhi-NCR, Bengaluru, Hyderabad, Pune, Mumbai, Kolkata, Chennai, Ahmedabad, Jaipur, Chandigarh, Indore, Coimbatore, Lucknow, Kochi and Surat. […]
The year 2023 has been a year of layoffs. So far in 2023, there have been 1,330 layoffs at tech companies with 327,228 people impacted (1,529 people per day). In July 2023 14,392 people lost their jobs. In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day). In an interview with The Indian Express, MoS IT Rajeev Chandrasekhar said that […]
The two major employers, Ericsson is to cut 750 of its US jobs & Accenture plans to cut 890 jobs from its Irish operations. Ericsson makes a cost-cutting move: 750 US jobs 5G equipment supplier Ericsson said it would cut 750 employees from its North American business as it shutters its field services operation. In […]
India’s leading e-commerce company, Flipkart-owned Myntra will layoff employees amid restructuring. Additionally, it is expected that the e-commerce company is likely to eliminate about 50 roles across the organization. “In our endeavor to cater to the ever-evolving needs of our customers, new developments, and technology innovations, we recalibrate our business priorities and review our organizational structure […]
In an interview with The Indian Express, MoS IT Rajeev Chandrasekhar said that the overestimation of demand led to post-COVID job cuts. Rajeev Chandrasekhar stated, “If we look at the tech space, layoffs occurred post-Covid. It happened to companies like Google, Microsoft, Meta, and even smaller startups. When the world was emerging from Covid, everyone […]
Employees are the backbone of any organization. However, a Reddit user posted about a company that had unexpected and questionable behavior on social media, which gained significant attention and criticism. According to the user, the company fired one of its most accomplished employees. The post said, “Honestly, a lot of things have been going down at […]
The year 2023 has been a year of layoffs over 3 Lakhs employees (1,600 people per day) were laid off in 2023. The move of layoffs is part of a larger trend of tech companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or […]
A DIY platform that enables merchants with zero programming skills to set up their e-commerce store using smartphones, Dukaan has replaced 90% of customer support staff with an AI chatbot. Suumit Shah, Founder of Dukaan® shared a Tweet from the official Twitter handle saying, “We had to lay off 90% of our support team because of […]
