Layoff

Omnicom to cut 4,000 jobs after IPG merger; iconic ad agencies to shut

Omnicom will cut over 4,000 jobs and close several well-known agency brands after its $13 billion takeover of IPG, as the company restructures to reduce costs and compete with big tech

AI rush risks 'democracy, jobs, earth', warn over 1,000 Amazon workers

The employees said Amazon's "all-costs justified, warp speed" approach to the powerful technology will have an impact on the workplace and the environment

HP to cut up to 6,000 jobs by FY28 as AI reshapes the company

HP Inc has announced a major global workforce reduction, between 4,000 and 6,000 roles by fiscal 2028. Here’s what’s behind the move, what it means for the company, and the larger tech-industry trend.

HP planning to lay off 4,000 to 6,000 employees by FY28, boosts AI efforts

The teams that are expected to be impacted will include those focused on product development, internal operations, and customer support, its CEO Enrique Lores said during a media briefing call

Apple’s rare layoffs: What’s driving the decision behind the sales team cuts?

Apple, a company known for avoiding mass layoffs, has trimmed dozens of roles across its global sales division. What does this restructuring mean for employees, customers, and the wider tech industry?

Labour codes: Trade unions raise red flag over modified retrenchment clause

The Joint Platform of Central Trade Unions (CTUs), comprising 10 Central Trade Unions including (CITU), have called for protests from November 26

Verizon weighs up to 20,000 layoffs as new CEO Dan Schulman takes charge

Verizon has about 100,000 employees. The planned cuts are part of an aggressive strategy that Schulman recently unveiled to reclaim market share

AI to cut workweek to 3.5 days within decades, says JPMorgan CEO Dimon

JPMorgan CEO predicts AI will reshape work by automating routine tasks, cutting the standard workweek to three-and-a-half days while boosting productivity and transforming global job structures

DealShare 2.0: Betting on the middle India shopper with a new strategy

After layoffs and founder exits, Tiger Global-backed startup rebuilds its model around value, convenience, lower-middle-class households

Did Amazon lay off 14,000 due to cost-cutting and AI? Here's what CEO said

Amazon CEO Andy Jassy in the company's quarterly earnings call on Thursday clarified the reason behind the recent job cuts

Target lays off 150 employees in India as part of global corporate job cuts

US retailer Target is cutting 150 jobs at its India capability centre as part of a global layoff of 1,800 corporate roles, citing weak sales and automation-driven cost rationalisation

Amazon India likely to cut up to 1,000 jobs amid global restructuring

The layoffs are expected across functions such as finance, marketing, human resources, and technology

US judge blocks Trump admin from firing workers during govt shutdown

A federal judge in San Francisco on Tuesday indefinitely barred the Trump administration from firing federal employees during the government shutdown, saying that labor unions were likely to prevail on their claims that the cuts were arbitrary and politically motivated. US District Judge Susan Illston granted a preliminary injunction that bars the firings while a lawsuit challenging them plays out. She had previously issued a temporary restraining order against the job cuts that was set to expire Wednesday. Illston, who was nominated by Democratic President Bill Clinton, has said she believes the evidence will ultimately show the mass firings were illegal and in excess of authority. Federal agencies are enjoined from issuing layoff notices or acting on notices issued since the government shut down October 1. Illston said that her order does not apply to notices sent before the shutdown. The Republican administration has slashed jobs in education, health and other areas it says are

Amazon to cut 14,000 corporate jobs as spending on AI accelerates

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence. The reductions we're sharing today are a continuation of this work to get even stronger by further reducing bureaucracy, removing layers, and shifting resources to ensure we're investing in our biggest bets and what matters most to our customers' current and future needs, Beth Galetti, Senior Vice President of People Experience and Technology at Amazon said in message to employees Tuesday. Included in the letter was a memo to Amazon staff last year from CEO Andy Jassy. Teams and individuals impacted by the job cuts will be notified on Tuesday.

Amazon’s biggest layoffs since 2023: Why is Amazon laying off 30,000 corporate employees?

Amazon is cutting around 30,000 corporate jobs — its biggest layoff round since 2023 — as CEO Andy Jassy pushes to cut costs and streamline operations.

Amazon to cut 30,000 corporate jobs starting Tuesday, largest since 2022

Amazon will lay off around 30,000 corporate employees this week, its largest job cut since 2023, as CEO Andy Jassy pushes cost control, AI-driven efficiency, and leaner operations

Indian-origin startup offers jobs to laid-off Meta staff, pay up to ₹5.2 cr

Meta to cut 600 positions from its AI labs; Smallest AI, led by Indian-origin founder Sudarshan Kamath, has offered to hire these affected employees with top salaries of $600,000

Meta to lay off 600 employees amid AI overhaul, top-tier staff retained

Meta's layoffs will hit employees in AI infrastructure, Fundamental Artificial Intelligence Research unit (FAIR) and other AI product teams

No layoffs expected from AI, says HDFC Bank's CEO amid tech shift

The country's largest private sector lender HDFC Bank does not see its use of artificial intelligence leading to any layoffs, a top company official has said. The lender, which had 2.20 lakh employees as of September, is carrying out some "lighthouse experiments" in technologies, including generative AI, which will deliver its advantages in the next 18-24 months, HDFC Bank Chief Executive and Managing Director Sashidhar Jagdishan said on Saturday. "Frankly, AI is not going (to result in) any layoff whatsoever in our bank, at least. Because I see this as a massive opportunity to move people from the backend to the front end or to the technology end," Jagdishan told reporters in the post-earnings call, replying to a specific question on the impact of AI on jobs. "It's only going to change the mix of where our people are going to be positioned. But, it is not going to reduce people apart from normal attrition that we have," he added in the remarks that come amid heightened concerns ove

Who is Deepak Jesrani? NBC's Indian-origin drama chief who was laid off

Deepak Jesrani, who shaped NBC's hit dramas for over 20 years, is among senior executives laid off as NBCUniversal undergoes restructuring ahead of its split with Versant.