Page 12 - Job Cuts

In coming global recession, job cuts won't mean mass layoffs: Report

This time around, workers have a better-than-usual shot at holding onto their jobs if recession arrives

Amid tech layoffs, saluting-face emoji is the placard of the digital world

As Twitter saw massive layoffs, followed by mass resignation, saluting-face emojis emerged as the employees' go-to for expressing their solidarity and protest

No employee was sacked, all resignations were voluntary: Amazon India

Amazon India said that it reviews its employees every year across verticals and checks if the organisation requires realignment

Zomato to lay off 3% of its total workforce to reduce costs: Report

Zomato, which currently has nearly 3,800 employees, stated that layoffs will be based on regular performance

'Difficult decision': Amazon CEO says more layoffs will happen in 2023

The mass layoffs that began in Amazon's corporate ranks this week will extend into next year, CEO Andy Jassy said on Thursday. In a note sent to employees, Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. He said it also offered some other employees a voluntary buyout offer. "I have been in this role now for about a year and a half, and without a doubt, this is the most difficult decision we have made during that time (and, we have had to make some very tough calls over the past couple of years, particularly during the heart of the pandemic)," Jassy wrote in the memo. Seattle-based Amazon, which has been cutting costs in various areas of its business in the past few months, is undergoing an annual review process to figure out where it can save more money. Jassy said this year's review is "more difficult" due to the economic landscape and the company's rapid hiring in the last several years. Other tech companies -- many of which had

Indonesian Internet firm GoTo lays off 12% of its workforce to reduce costs

According to TechCrunch, GoTo joins scores of local and global peers in its decision to cut the workforce to navigate the economic slowdown and rising interest rates

Top headlines: Tata plans to scrap Vistara, Amazon layoff to extend to 2023

Business Standard brings you the top headlines at this hour

Skilled and unemployed: The world is staring at a huge structural problem

While the world can do something about the other big problem of global warming, there's nothing it can do about structural unemployment

Amazon layoffs in India may be higher than other tech majors: Report

Including direct and indirect jobs, Amazon employs over 1.1 million people in India

Redfin to cut another 13% workforce, shuts down subsidiary RedfinNow

Online real estate broker Redfin is cutting 862 employees and shutting down its instant-cash-offer subsidiary RedfinNow, another casualty of two-decade high interest rates stoked by the Federal Reserve's fight against inflation. The job cuts amount to 13% of Redfin's workforce, the company announced in a regulatory filing. Redfin also laid off 470 employees in June, blaming slowing home sales. Redfin has slashed more than a quarter of its workforce since April 2022 on the assumption that the housing downturn will last at least through 2023, it said in the filing. The average U.S. long-term mortgage rate is hovering around 7%, partially a result of the Fed raising rates six times this year at it tries to stem four-decade high inflation. Fed officials have boosted their benchmark lending rate by three-quarters of a point at its last four meetings, sowing fears that its heavy-handed policy could tip the U.S. into a recession. More rate hikes are expected into next year, though inflati

Facebook parent Meta Inc to begin widespread job cuts starting today

The cuts are expected to affect about 10% of the company, which employed more than 87,000 as of Sept. 30, according to Insider.

Meta Platforms' India staffers on edge over layoff media reports

The global tech giant is struggling, but its India unit is performing rather well

Why Musk's takeover of Twitter and the layoffs will shrink free speech

Musk's vision for Twitter is not particularly complex. He views it as a software platform first, and only then as a social network

After Twitter, Meta Platforms likely to fire thousands of employees

Will be first broad headcount reduction in the tech giant's 18-year history

Twitter says job cuts by Musk won't impact core content moderation

Yoel Roth, Twitter's head of safety and integrity, said that while the company said goodbye to incredibly talented friends and colleagues, "our core moderation capabilities remain in place''

Job cuts at Twitter spur concerns about US midterms, human rights

Product and engineering teams were gutted by well over 50%, according to two sources, and other groups - like communications, marketing, human rights and diversity - were almost completely eliminated

As job cuts begin at Twitter, Elon Musk decries 'massive' sales drop

The global workforce reductions are expected to affect 3,700 jobs - about half of the company.

Apple pauses hiring for many roles besides R&D in escalation of cost cuts

The pause generally doesn't apply to teams working on future devices and long-term initiatives, but it affects some corporate functions and standard hardware and software engineering roles

Twitter sued for mass layoffs by Elon Musk without enough notice

Twitter intends to start cutting staff Friday, the company said in an email to employees. Musk plans to get rid of half the workforce

Fear and anxiety rampant at Twitter India as Musk starts downsizing

People in the know described the mood within the India development centres and across all segments as "very fearful", with people not sure if they will have a job or not