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UBS Group AGnbspis cutting Asia wealth-management jobs in the low hundreds, just months after comp...
According to a Reuters report, Barclays is planning to cut hundreds of jobs across its trading and i...
The year has been a year of layoffs there have beennbsp,nbsplayoffs at tech companies w...
Byju’s layoffs: India’s largest ed-tech company, Byju’s asked employees to resign voluntarily after performance review, according to reports. There are nearly 400 employees who are impacted in mentoring and product expert division and HR has informed about the layoffs. Employees placed under performance review last month were reportedly asked to resign on August 17. “The […]
There has been a decrease in the headcount and layoffs in 2023 that have raised questions about the Job Market facing recession & lack of jobs. 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 […]
An American multinational technology company, Amazon has sacked an employee after 9 years of service she said that being part of a layoff isn’t easy. Shylo Staats, shared a post on LinkedIn saying, “After 9 years, I’m bid farewell to Amazon. Being part of the layoffs isn’t easy, but I’m filled with gratitude.” “I am grateful […]
The Founder and CEO of Meta Mark Zuckerberg and his wife Priscilla Chan have reportedly laid off 48 employees from their organization the Chan Zuckerberg Initiative (CZI). According to reports, the impacted employees will be given 16 weeks of basic pay, along with health insurance coverage and a stipend of $10,000 as severance. According to […]
One of the largest players in the fantasy gaming business, Mobile Premier League (MPL) layoffs 350 employees, nearly 50 per cent of its workforce after the GST Council increased the GST burden on gamers and gaming companies to 28%. According to ET report, in a Note, Mobile Premier League founder said to staff on layoffs […]
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 […]
An American multinational investment bank and financial services corporation, Citigroup UK to start monitoring employees’ office attendance. Citigroup will now focus on employees those who are taking advantage of hybrid work. Additionally, it will check the employees who have repeatedly avoided coming into the office without reason. According to Business Insider, the attendance of the employees […]
Capco India, a subsidiary of Wipro Limited has sent some of its employees on Garden Leave, handing over 2 to 3 months’ pay. What Is Garden Leave? A garden leave refers to the period during which an employee stays away from the workplace, or works remotely during the notice period. The employee remains on the payroll […]
