Page 18 - Layoff

Parag Agrawal sues Elon Musk: everything about the Twitter story so far

Ex-CEO Parag Agrawal, Twitter's former general counsel Vijaya Gadde and Ned Segal, former chief financial officer were removed from their positions

Google gearing up for another round of layoffs? Here's what CEO Pichai says

A few months ago, Sundar Pichai said that the tech giant is looking to become more efficient and is looking at every aspect

Tech giants offering one-year salary to encourage resignations in Europe

All big tech giants are still reducing staff strength across the globe, but are struggling to lay off employees in Europe because of strong labour protection laws there

US-based firm Pear Therapeutics files for bankruptcy, lays off workers

US-based firm Pear Therapeutics has filed for Chapter 11 bankruptcy as it struggled to get insurers to pay for its technology and laid off 92 per cent of its workforce

Healthtech platform Practo lays off 41 employees, mostly engineers

The company said in a statement that upholding a high bar for performance and productivity is crucial to maintaining this level of growth

ZestMoney laying off 100 employees after deal with PhonePe fails

PhonePe in talks with BNPL firm to hire some staff left after acquisition talks fail

US-based firms sack over 270,000 employees in Q1, up by nearly 400%

"The technology sector is leading all industries, and this talent is in demand across industries. In fact, 38 per cent of all cuts are in the Tech sector," the report stated

US big tech Google, Amazon struggle to lay off employees in Europe

In Europe, mass layoffs have stalled because of labor protections that make it virtually impossible to dismiss people in some countries without prior consultations with employee interest groups

Why India's education technology start-ups are in the deep freeze

They will continue to tread on thin ice amid a long funding winter unless they fundamentally revise their business models

Amazon plans to reduce employee stock awards in 2025 after mass layoffs

The memo also hinted towards a change in Amazon's pay model that would give staff more cash, "a change that could make up for any potential weakness in its stock price"

Delivery firm Dunzo secures $75 mn funding, lays off 30% of staff: Report

According to the report, under the new business model, Dunzo will cut about 50% of its dark stores and run only those that can be profitable or are nearing that threshold

Twitter's contract workers sue company over Elon Musk's mass layoffs

The suit was brought on behalf of an unspecified number of workers hired by Twitter through employee staffing company TEKsystems Inc

Amazon.com Inc lays off about 100 employees in its gaming divisions

Amazon has struggled to capitalize on its resources in gaming, including through its Crown channel, an entertainment show on the Twitch streaming service

Downturn still nascent, it is time for caution, not expansion: Zoho founder

In an exclusive interaction with Business Standard, Sridhar Vembu say the trend of large-scale layoffs in Silicon Valley has now hit Indian shores

Meta pauses hirings after mass layoffs, no longer listing remote positions

After laying off 21,000 employees in two job cut rounds, Meta is further looking to cut costs, and has reportedly plans to lower bonus payouts for some workers in its 'Year of Efficiency'

Walmart sees more than 2,000 job cuts in e-commerce warehouses across US

The losses include more than 1,000 positions at a warehouse in Fort Worth

India's commercial realty market resilient amid global headwinds: Experts

Blow to office market due to slowdown, mass layoffs, slow hiring in tech sector is temporary, they say; sector has fared better than other global markets earlier, will do so this time too

Tech layoffs, economic slowdown hampers office space demand in India

Global economic slowdown, tech layoffs and hybrid work have impacted gross leasing of office space in India, as flexible office space providers share reached almost at par with traditional companies

ZestMoney looking to lay off employees after deal with PhonePe fails

ZestMoney founders held a town hall on March 30 and informed employees about layoffs across depts, say sources; not known yet how many would be asked to go

Streaming firm Roku lays off 200 more employees, nearly 6% of its workforce

In November 2022, the streaming company had announced it was laying off 200 US employees, or roughly 7 per cent of its workforce