Page 19 - Layoff

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

Richard Branson's rocket company Virgin Orbit lays off 85% of workforce

In a US securities filing, the company announced a workforce reduction of approximately 675 employees, constituting approximately 85 per cent of the company's workforce "in order to reduce expenses"

Unacademy gives pink slips to 380 employees in another round of layoffs

With this round of layoffs, Unacademy's workforce strength is down to under 3,000 compared to 6,000 in the early part of 2022

Edtech unicorn Unacademy lays off 380 employees in latest round of job cuts

The Softbank-backed start-up last laid off 350 employees in November

EV startup Lucid to lay off around 1,300 employees in upcoming months

Electric vehicle (EV) startup Lucid announced that it is laying off around 1,300 of its employees or 18 per cent of its workforce, within the upcoming months

US-based cloud computing firm Rackspace to lay off 4% of workforce

The company said that it will provide severance and other resources to those employees who are laid off, the report mentioned

If layoffs accelerate in next few months, a recession 'will be underway'

One of the best indicators of an impending recession is the inverted yield curve, particularly the difference between the 10-year Treasury note and the three-month T-bill

Microsoft lays off 559 employees as Seattle-area job cuts top 2,700

Microsoft has laid off 559 employees from its Bellevue and Redmond in Washington state in the US, bringing the company's total to over 2,700 job cuts in the area

No mass layoffs are happening at company: Chief People Officer, Flipkart

Flipkart's decision to not offer hikes to senior management officials would not lead to any job cuts, said Krishna Raghavan, Chief People Officer, Flipkart

Tech job still pays $120 an hour despite mass layoffs in US tech industry

In the past two weeks Meta Platforms Inc. announced it was cutting another 10,000 jobs and eliminating 5,000 open roles, Amazon.com Inc. laid off an additional 9,000 workers and job-hunting website

Apply for jobs, give interviews on tourist, biz visa in US: Federal agency

The move by the USCIS came as thousands of highly skilled foreign-born workers, including Indians, in the US, have lost their jobs due to a series of recent layoffs at companies like Google, Microsoft

Amazon to cut 9,000 jobs in second round of layoffs, says report

Amazon said it is laying off 9,000 more employees in the next few weeks, mostly in AWS, advertising and Twitch, according to media reports

Layoffs in US will bring lot of work to India: GlobalLogic CEO Nitesh Banga

Layoffs by Big Tech in the US are expected to bring a lot of work to India and the country's IT sector is poised to gain significantly during the slowdown, a top official of the US-based firm GlobalLogic said. In an interview to PTI, GlobalLogic President and CEO Nitesh Banga said the company is looking to acquire talents in India and plans to grow its employee base by 25-35 per cent every year. He said India is not going to see much of a slowdown even as there are a lot of layoffs happening in the US. "If Google, Twitter or Facebook or any of these customers actually lay off people in the US, it's not that they don't need to build products. They still need to continue to do their work and I believe that a lot of that work will come to India, because they will still need the talent to keep doing the work, although they will look for cost efficiencies," Banga said. The Hitachi group IT company has close to 15,000 or approximately 50 per cent of its global employee base, in India. "

Disney instructs to identify layoff candidates, may cut 4K jobs in April

It is unclear whether Disney will start laying off employees in small batches or lay off thousands all at once