Page 2 - It Industry Layoffs

Salesforce to lay off around 700 employees across company: Report

With this, Salesforce has become the fourth tech major to trim its workforce in 2024 after Google, Twitch and Amazon

Microsoft lays off 1,900 Activision Blizzard, Xbox employees: Report

Blizzard President Mike Ybarra and Chief Design Officer Allen Adham are also leaving the company, while a previously announced survival game by Blizzard has been canceled, the report said

Citigroup lays off more bosses as CEO Fraser addresses MDs: Report

The bank last week said it would cut 20,000 jobs over the next two years, after a fourth quarter marred by one-off charges that resulted in a $1.8 billion loss

Google confirms fresh round of layoffs; 1,000 employees receive pink slips

Google aims to enhance support for small & medium businesses by restructuring its ad team through job cuts, as well as using AI to enhance efficiency

China's Harvest Fund cuts Hong Kong staff in pullback from offshore biz

Harvest is one of the first Chinese asset managers to make sizable layoffs in Hong Kong in recent years

Google lays off hundreds working on Assistant software, other parts of firm

A few hundred roles are being eliminated in the company's Devices and Services team, with the majority in the 1P AR hardware team, the company said

Paytm lays off over 1,000 employees as part of cost-cutting measures

The fintech giant's parent company, One 97 Communications, is working towards reducing its staff expenses by 10-15% over the ongoing financial year

Amid muted earnings, Infosys to hand out 80% variable pay for Q2FY24

The IT sector has faced challenges as the Western markets have struggled with the possibility of a recession. Most clients for Indian IT companies are from the USA and Europe

Focused on cutting costs, Byju's to skip campus placements this year

Even if Byju's were to visit their campuses, it is unlikely that students would be keen to sit for their placements, an official aware of the matter said

India's largest edtech firm Byju's sacks 1,000 more; count jumps to 3,500

The company, according to the sources, will give two months' salary to those laid off

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Third round of layoffs: Meta's senior India executives get pink slips

Directors of marketing, media partnerships among impacted

Amid global slowdown, India is the fastest-growing market for LinkedIn

A recent survey conducted by LinkedIn revealed that professionals increasingly prefer skills over degrees

Amid IT firm layoffs, top tech talent in demand among non-tech companies

Non-tech companies are taking steps to hire top talent from the IT sector in order to drive their organisations towards digitisation. Most of this demand is for experienced employees

'Anxiety at peak': Accenture layoff move jolts Indian IT professionals

Accenture's management said that for a record quarter (Q2), the company managed to deliver with the existing talent base

Accenture to cut 19,000 jobs as IT spending slows; India impact unclear

IT services firm announces 'departure of 19,000 people' to save costs and streamline functions

Leading job portal Indeed lays off 2,200 employees, CEO Hyams 'heartbroken'

Call it ironic but leading job portal Indeed that helps thousands land their dream jobs has itself laid off 2,200 employees, or 15 per cent of its workforce.

Citing profitability, cybersecurity firm Secureworks lays off 9% of staff

US-based cybersecurity company Secureworks, backed by Dell Technologies, has laid off about 9 per cent of the workforce globally as part of its restructuring

Why Apple's Tim Cook has not cut workforce amid mass layoffs

As every Big Tech company has announced job cuts running into thousands, Apple is yet to do so and may not plan to terminate employees as it never hired at the pace at which other tech giants did

Canadian firm Clearco lays off 30% of workforce in second round of job cut

This is the second round of job cuts, as back in July, Clearco laid off 125 employees or 25 per cent of its workforce.