Page 14 - Layoff
Top headlines: India's economic growth forecast, tech sector layoffs & more
Business Standard brings you the latest headlines at this hour
 "Top headlines: India's economic growth forecast, tech sector layoffs & more")
Sachin Bansal's fintech firm Navi lays off nearly 200 employees: Report
In addition to the layoffs, several individuals within the company have resigned over the past few months, including mid-to-senior level employees and leaders
 "Sachin Bansal's fintech firm Navi lays off nearly 200 employees: Report")
US layoffs nearly halve in June as job cuts ease in technology sector
Like its peers, Amazon.com in March had said it would axe another 9,000 roles as a part of its second retrenchment drive, as investors also persuaded the firms to cut costs
 "US layoffs nearly halve in June as job cuts ease in technology sector")
UBS preparing to cut over half of Credit Suisse's workforce after takeover
Bankers, traders and support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt of the cuts
 "UBS preparing to cut over half of Credit Suisse's workforce after takeover")
Ford to cut hundreds of US salaried workers to boost profit, lower costs
The automaker is cutting engineers in all three areas of its business, EVs, traditional internal combustion-engine models and commercial vehicles, said T.R. Reid, a company spokesman
 "Ford to cut hundreds of US salaried workers to boost profit, lower costs")
Goldman starts cutting number of MDs across the globe amid deals slump
The moves are part of a deep cost-savings drive at the bank, which has seen at least three rounds of job cuts in less than a year
 "Goldman starts cutting number of MDs across the globe amid deals slump")
A hard lesson for Byju's Raveendran amid mass firings, delayed results
The former teacher from the southern state of Kerala got carried away. In 2015, just as a smartphone revolution was about to kick off in India, he launched a learning app
 "A hard lesson for Byju's Raveendran amid mass firings, delayed results")
Deutsche Bank plans to cut 10% of 17k German retail jobs to curb expenses
The plans at Germany's largest bank come as Claudio de Sanctis prepares to take over the retail unit, known as the private bank division, on July 1
 "Deutsche Bank plans to cut 10% of 17k German retail jobs to curb expenses")
Uber to lay off 200 employees in recruitment division to streamline costs
The ride-hailing company laid off 200 employees in its recruitment division as another measure to streamline costs. The layoff represents 1 per cent of its global workforce.
 "Uber to lay off 200 employees in recruitment division to streamline costs")
Uber Technologies to lay off 200 employees in its recruitment division
This layoff will affect less than one per cent of Uber's global workforce of more than 37,000
 "Uber Technologies to lay off 200 employees in its recruitment division")
Grab slashes 1,000 jobs in biggest round of job cuts since pandemic
Grab CEO Anthony Tan said that the layoffs were not a "shortcut to profitability"
 "Grab slashes 1,000 jobs in biggest round of job cuts since pandemic")
Olx Group lays off 800 employees worldwide, shuts down some markets
Prosus's online marketplace and classifieds business arm, Olx Group has laid off approximately 800 employees worldwide and shut down its automotive division in some markets
 "Olx Group lays off 800 employees worldwide, shuts down some markets")
JPMorgan Chase cuts nearly 20 Asia dealmaking jobs in new layoff round
The moves add to a February round of cuts that affected about 30 investment bankers in Asia, and followed similar moves by Goldman Sachs Group Inc. and Citigroup Inc. last week
 "JPMorgan Chase cuts nearly 20 Asia dealmaking jobs in new layoff round")
Homegrown TikTok Alternative Chingari announces 20% cuts in workforce
20 per cent of employees at Chingari short video app will be affected by new layoffs. The move is expected to start an "organisational rebuilding for improved effectiveness"
 "Homegrown TikTok Alternative Chingari announces 20% cuts in workforce")
Short video app Chingari lays off 20% of workforce amid restructuring
Homegrown short-video making platform Chingari has laid off 20 per cent of its workforce as part of organisational restructuring
 "Short video app Chingari lays off 20% of workforce amid restructuring")
Top headlines: Byju's sacks staff, Zee Ent terms Sebi's order unjustified
Business Standard brings you the top headlines at this hour
 "Top headlines: Byju's sacks staff, Zee Ent terms Sebi's order unjustified")
Inside the mind of a firing manager: Guilt, shame and many questions
Therapists says those who had to fire someone narrated experiencing a sense of helplessness; some even had anxiety and trouble sleeping
 "Inside the mind of a firing manager: Guilt, shame and many questions")
Sumo Logic lays off 79 employees, month after Francisco Partners' takeover
Big data analytics software company Sumo Logic has laid off 79 employees, as job cuts continue in the tech industry worldwide
Automotive digital marketplace TrueCar lays off 24% of its workforce
"The restructuring announced today better aligns our cost structure with our revenue base and is designed to make TrueCar a nimbler, more efficient company"
Edtech firm Chegg to cut 4% of staff amid AI threat to business model
Chegg has revealed its plans to cut about 4% of its workforce, weeks after its CEO admitted that ChatGPT was crushing its business as students are turning to artificial intelligence for homework