Page 4 - It Layoffs

2 out of 3 firms paying for employees' upskilling programme: Scaler survey

The 2023 hiring survey stated that 72.02% of the respondents said that data science/algorithm is the most important skill

Tech companies are slowing layoffs but still not yet resuming hiring

Still, job cuts in the tech industry appeared to slow in June and July and are on track to be even lower this month, according to an analysis by research firm Jefferies

TMS Ep481: NDA and INDIA, tech layoffs, healthcare stocks, Oppenheimer

Is the era of political alliances back? Is there an end in sight for tech layoffs? Why are healthcare stocks gaining muscle? Who was J Robert Oppenheimer? All answers here

Oracle lays off hundreds of employees at its health unit Cerner: Report

In May, another media report said that Oracle had laid off 3,000 employees at Cerner

IT cos need to rightsize bench to boost efficiency, stop layoffs: Experts

While other industries have single-digit bench sizes, tech firms typically have a larger bench size of as much as 30%, they say

Amazon defers offer letters to freshers till January 2024 amidst layoffs

As the tech giant continues to restructure its internal operations and continuing global layoff, new hires have also been impacted

Nearly 200,000 tech employees fired globally in 2023; more layoffs expected

According to recent data from layoff.fyi, a layoff tracker website, 702 companies have laid off 199,047 employees in 2023 so far worldwide

Meta begins final round of layoffs, 6,000 employees to be impacted

After a period of extensive recruitment that resulted in the doubling of its workforce since 2020, Meta's current number of employees has declined to a level, which is similar to that of mid-2021

Tech job losses on course to exceed 2022 number, already at 57% of last yr

Some 8,134 employees have reportedly lost their jobs in the country as of May 2023

Digital intelligence Israel-based firm Similarweb cuts another 6% of staff

In November last year, Similarweb laid off about 10 per cent of its team, around 130 employees, when it announced its results for the third quarter of 2022

Akamai Tech lays off nearly 3% of global workforce impacting 300 workers

"This was a difficult decision, but it was necessary for us to prioritise investments in the areas with the greatest potential for future growth as we strive to deliver greater value for shareholders"

As Apple slows down hiring, Tim Cook says mass layoffs are 'last resort'

Apple services set an all-time record with $20.9 billion in the March quarter

Upto 60% jump in IT employees taking courses to avoid a possible layoff

With AI and machine learning dominating the discussion in the space, many employees are taking these courses in order to stay ahead of the curve and maintain their relevance

Cognizant to lay off 3,500 employees in 2023 amid declining revenue

In the quarter ended March 31, the company reported a margin of 14.6%, among the lowest in the industry

IT firms give staffing companies a miss, fill vacancies internally

Companies were doling out up to 100 per cent hikes to hire top IT talent only a year ago, the situation has completely changed today

Layoffs continue at startups; funding winter, macro uncertainty to blame

New-age companies like Byju's, Unacademy, social media firm ShareChat, MyGate, and automobile-servicing startup GoMechanic were among the leading names that fired employees in large numbers

HCL bucks the trend; says it intends to hire as others continue to fire

The firing spree was not limited to back-office jobs and affected big tech companies, including Amazon, Meta, Microsoft, and Google parent Alphabet, among others

Amazon, Google CEOs hint at more layoffs amid meltdown to evaluate business

As tech layoffs continue unabated in 2023, Amazon and Google CEOs have hinted at more layoffs as the companies continue to evaluate business

What led to mass layoffs in tech sector globally and who was affected?

According to a report over 150,000 people have been affected by tech layoffs in 2022 alone, whereas, 68,500 new cuts were seen in January 2023 alone

Google CEO Sundar Pichai hints at more layoffs, wants to ensure efficiency

The development comes at a time when Google already fired six per cent of its total workforce in January, leaving 12,000 Googlers without a job