Page 7 - It Layoffs

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

For tech industry, 2022 was a year of mass layoffs; 2023 likely to be worse

The tech layoffs this year have exceeded the job cuts the sector faced globally during the financial crisis of 2008-2009 triggered by the Lehman Brothers' collapse

Most fired tech workers landing new jobs in three months, says report

Nearly four in 10 previously laid off tech workers found jobs less than a month after they began searching, the survey found

India's startup ecosystem may be staring at an extended funding winter

Thousands lost jobs amid deepening funding winter in 2022 as massive layoffs by the tech companies this year alone surpassed the levels from the Great Recession

Layoff fallout: Outplacement firms have their hands full with flood of CVs

Tough trade-off: Companies want job guarantee for people they've laid off, but on a bargain

Low-code software platform Airtable lays off over 20% of its workforce

TechCrunch reported that the impacted employees will get at least 16 weeks of severance pay, accelerated equity vesting and support from an immigration counsel if on visa

Twitter faces new legal fallout over employee layoffs under Elon Musk

The latest legal actions follow a class-action lawsuit filed when the layoffs first began in early November which accused the company of failing to give enough notice to hundreds of employees

Needed to streamline our costs: Amazon CEO Andy Jassy again defends layoffs

Amazon CEO Andy Jassy has again defended massive layoffs at the company, saying, "we just felt like we needed to streamline our costs"

Smart pickup in good jobs

The estimated 0.7 million additional jobs created by listed companies may easily more than offset the recent layoffs seen in tech companies

What layoffs? Ronnie Screwvala-led upGrad on a hectic expansion spree

In a studied contrarian move, the Ronnie Screwvala-led edtech company is on a hectic expansion spree

Amazon to pull down shutters in food-delivery business in India on Dec 29

Amazon Food had onboarded 3,000 partners including QSR brands such as McDonald's and Domino's Pizza; some 25 people working on the project have all have been absorbed by the company

Union labour ministry summons Amazon India over recent layoffs by company

The Union Labour Ministry has summoned Amazon India to appear before the deputy chief labour commissioner in Bengaluru in connection with the alleged forced terminations by the company

Musk refuses to reimburse 'millions of dollars' owed to Twitter vendors

This comes amid, several cost-cutting measures by Musk to make Twitter more profitable, including layoffs across Twitter offices around the world