Page 6 - It Layoffs

Google sacks employees in India, cuts 450 jobs across verticals

Meanwhile, some of the employees who were laid off took to LinkedIn

Fewer layoffs in 2023 1st half; senior professionals most impacted: Survey

Recruiters are foreseeing fewer layoffs in the first half of 2023, but information technology roles and those of senior professionals will be the most impacted within it, a survey said on Thursday. The survey of 1,400 recruiters and consultants by the job portal Naukri.com said only 4 per cent of respondents predicted layoffs and downsizing not to be the dominant hiring activity in their organisations. However, the survey of recruiters across ten sectors said that information technology roles will be witnessing the maximum impact of hiring corrections, while there will also be some impact in roles in the business development, marketing, human resources and operations fronts as well. "Recruiters foresee maximum layoffs for senior professionals, with 20 per cent of recruiters predicting the same. Freshers are expected to be least impacted by hiring corrections," the bi-annual survey by Naukri.com said. The survey said that around half of the recruiters expect high attrition rates of

2,500 IT freshers to be given pink slips for failing screening test: Report

The screening tests may also get more stringent as the firms are under pressure to honour campus offers but are already overstaffed

Infosys fires 600 freshers after they fail internal assessment: Report

This comes at a time when hundreds of freshers are waiting for their joining dates at Infosys even though they received the offer letter months ago

Technology sector cuts 102,943 jobs in January in US, says report

Led by the technology sector, US-based employers announced 102,943 cuts in January, a massive 136 per cent increase from the 43,651 cuts announced in December, a new report has said

Pinterest lays off about 150 employees amid cost-cutting measures

Photo-sharing social media platform Pinterest is reportedly laying off about 150 employees amid cost-cutting measures.

Job growth in Indian IT sector declines 25% over corrections in hiring

The hiring intent declined across both large IT giants and unicorns, while trends across other IT startups remained stable as compared to last year, according to a report by naukri.com

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

Finland invites Indian tech professionals during global layoff season

Nordic country aims to double work-based migration and triple study-based migration by 2030

IBM, SAP SE to cut thousands of jobs globally amid tech layoffs

Dow, EY also announce cuts

IT and start-up hiring to stay muted in 2023, niche tech roles to keep pace

This layoff period, coupled with a lull in hiring, is expected to last over the next two or three quarters, say experts

Amid layoffs, Indian IT professionals look for options to stay in the US

According to The Washington Post, nearly 200,000 IT workers have been laid off since November last year, including some record numbers in companies like Google, Microsoft, Facebook and Amazon

Ugly truth of layoffs: Firms invest huge resources to rebuild workforce

'Understaffing isn't always a result of management short-sightedness'

About 3,000 tech employees being fired a day on average in Jan: Report

Google's parent company Alphabet announced to lay off 12,000 employees, or about 6 per cent of its workforce

Uber not planning for any company-wide layoffs, says CEO Khosrowshahi

Dara Khosrowshahi's statement comes days after several IT companies have decided to hand over pink slips to their employees

'Hard choices', says Satya Nadella as Microsoft cuts 10,000 jobs

The impact of the move on its Indian operations could not be ascertained

Microsoft to cut engineering jobs this week as layoffs go deeper: Report

Microsoft most recently shrank its workforce in October and July, and has eliminated open positions and paused hiring in various groups

91 tech companies lay off over 24,000 employees in first 15 days of January

The number of layoffs reached its nadir in November, which saw 51,489 tech workers lose their jobs

Meta, Microsoft vacating offices in Seattle amid remote work, layoffs

The Seattle Times reported that Meta is reviewing 'leases for Seattle-area office buildings'

Salesforce to cut 10% of its workforce, pare offices as sales slow

Salesforce, the largest private-sector employer in its hometown of San Francisco, has almost tripled its workforce in the past four years