In a rare move, Apple has trimmed its sales workforce to streamline operations; the company says it is still hiring and affected employees can look for new roles internally
Meta to cut 600 positions from its AI labs; Smallest AI, led by Indian-origin founder Sudarshan Kamath, has offered to hire these affected employees with top salaries of $600,000
The company said that AI tools capable of learning and evolving on their own demand a new kind of testing and quality assurance
TCS is offering severance pay of up to two years' salary to long-serving staff whose skills no longer match company needs, as it realigns workforce
TCS employed the highest number of workers in FY25, at 636,833 employees. Infosys hired the distant second-highest number at 348,596 in FY25, followed by Wipro at 235,415
From TCS to Cognizant, firms pivot to AI-first models, favouring tech-savvy, younger talent and urging workforce to upgrade skills or face involuntary exits
The company said the layoffs will be driven by investment priorities, skills assessments and performance, and ruled out voluntary exits or buyouts
The exit programme affects US-based teams including knowledge and information, engineering, and marketing as Google reallocates resources toward AI infrastructure development
IT company says recruits failed to meet qualifying criteria and were given three chances
The layoff comes a day after the IT major announced its plan to hire 20,000 fresh engineering graduates this fiscal year amid prediction of weaker than expected revenue growth
Microsoft's restructuring plans began in 2023 with 10,000 layoffs, followed by 1,900 more in its gaming unit after the $75.4 billion Activision Blizzard acquisition
Apple has reportedly fired several Indian-origin employees in the US over alleged misuse of its charity matching grants programme, with FBI probing into possible fund misappropriation
HCLTech, which is also set to release its third-quarter earnings on January 13, is projected to lead growth among Tier-I IT firms
October's layoff numbers reveal a continuing decline, maintaining the trend established in previous months and marking one of the lowest points for layoffs since 2023
Tech layoffs 2024: Major IT firms such as IBM, Cisco, and Microsoft have laid off over 100,000 employees across the globe in the second half of 2024
Earlier in the year, Cisco reduced its workforce by 4,000 employees in a previous round of layoffs that took place in February
Samsung India currently employs around 2,000 executives, meaning the layoff will affect 9-10% of its managerial workforce
Tech layoffs: Major IT firms such as Intel, IBM, and Cisco have laid off over 27,000 employees across the globe in August 2024
Major IT firms such as Intel, Microsoft, Intuit, among others have laid off 124,517 employees across the globe till July this year
Microsoft has laid off its internal team dedicated to diversity, equity, and inclusion (DEI) due to 'changing business needs'