Page 8 - It Layoffs

Falling rupee, rising costs, job insecurity dampen study-abroad sentiment

Mass layoffs by tech biggies add to concern, but demand from non-metros robust

Meta denies reports of Zuckerberg resignation next yr amid massive layoffs

Meta (formerly Facebook) has denied reports that its founder and CEO Mark Zuckerberg is resigning next year amid slow growth and massive layoffs at the social network

In layoff season, Google may fire 10,000 'low performing' employees

The news on layoff at Google has come within days of a letter that hedge fund TCI, an investor in the company, wrote to Alphabet. TCI has shares worth $6 billion in Alphabet

Google's parent company Alphabet prepares to lay off 10,000 employees

Google new ranking and performance improvement plan will help managers push out underperforming employees

TikTok to hire nearly 3,000 engineers across globe as competitors shed jobs

Chinese short-form video platform TikTok said that it would add about 3,000 engineers in locations across the world, including the US.

Layoffs are part of annual operating planning review process: Amazon

Sources say attempts being made to absorb staff in other units

Amazon begins mass layoffs; data scientists, software engineers hit

Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment. On Tuesday, the company notified regional authorities in California that it would lay off about 260 workers at various facilities that employ data scientists, software engineers and other corporate workers. Those job cuts would be effective beginning on January 17. Amazon would not specify how many more layoffs may be in the works beyond the ones confirmed through California's Worker Adjustment and Retraining Notification Act, also known as WARN, which requires companies to provide 60 days' notice if they have 75 or more full-time or part-time workers. Amazon employs more than 1.5 million (15 lakh) workers globally, primarily made up of hourly workers. The online retail giant, like other tech and social media giants, saw sizable profits during the COVID-19 pandemic, as homebound shoppers purchased more items online. But

As Amazon begins mass layoffs, employees say horrendous way to treat people

The company did not reveal the exact number of employees being hit although earlier reports put the number at 10,000 employees or 3 per cent of its workforce

Pandemic boom to season of layoffs: How big tech and startups got it wrong

It is not just Meta which is looking at becoming capital efficient. Alphabet, the parent company of Google and Microsoft have already sent messages that focus will be on increasing productivity

Meta's Indian employees go all out on Twitter after lay-off email

The number of layoffs in India could not be confirmed

Unacademy gives pink slips to 350 employees in second round of layoffs

CEO Gaurav Munjal apologises to staff, says market challenges forced relook at commitment of no layoffs

Twitter losing $4 million a day, India revenue a small percentage

The microblogging site's business in the country has managed to make a profit for the past seven fiscal years

350 employees in Udaan to get pink slip in pursuit of profitability

India's largest business-to-business e-commerce firm sacked 180 employees in June

Twitter fires majority of employees in India as part of global layoffs

The lay-offs in India were across segments such as policy, communication, engineering and development, said sources in the know

EPAM sacks around 100 Indian employees, revokes offer letter of others

At least EPAM 100 employees, across testing, .Net, DevOps, and Java domains in both firms - EPAM Systems and EPAM Anywhere - have been asked to resign

HCL Tech lays off over 300 globally working on Microsoft projects

Company silent on layoff details, but sources say those asked to go are from India, Philippines and Guatemala

Apple lays off 100 contract recruiters to help slow spendings: Report

Tech giant Apple has laid off about 100 contract-based recruiters in the past week in an effort to slow hiring and spending, media reports say

Accenture plans to lay off 5% of global workforce; Indians set to lose jobs

Accenture has a global workforce of around 513,000 people and out of them about 200,000 are in India

68% of 40,000 firms may cut pay, freeze hiring or lay off staff: Crisil MD

In a Q&A, Ashu Suyash of Crisil says these companies from across 55 sectors have a wage bill of Rs 12 trillion and are at risk if urban demand does not pick up

Companies shift focus on reskilling workforce for post-Covid world

With job losses and redundancies looming large, firms have taken to the idea of reskilling their workforce with gusto