Page 20 - Layoff

Wipro lays off 120 employees in US due to 'realignment of business needs'

IT major Wipro has laid off at least 120 employees in the state of Florida, the US, due to a realignment of business needs

Time running out for laid off H-1B employees expected to leave soon

Time is running out for laid off H-1B professionals as under the existing laws they need to leave the country within 60 days of losing their employment status, giving sleepless nights to the thousands of Indian tech workers and their family members. "This has a humanitarian impact on them as their families, including their US-born children are uprooted abruptly, and those who were laid off in the earlier months are now running out of time," the Foundation For India and Indian Diaspora Studies (FIIDS), which took up their cases with lawmakers and federal administration said in a statement on Friday. While the US Citizenship and Immigration Services is considering their request to extend the existing time window to 180 days, the process is likely to take up some time, leaving no other option for these professionals other than to leave the country. "FIIDS appeals to the USCIS, and Department of Homeland Security (DHS) to consider a request to expedite the extension of grace period. FII

Meta starts next round of layoffs with 1,500 jobs in recruiting, HR: Report

During an internal meeting with employees, Chief Executive Officer Mark Zuckerberg told employees the economic climate of layoffs and restructuring could last many years

Donald Trump's Truth Social cuts staff as it awaits merger approval: Report

Some close to Trump Media estimate it can fund operations through September at present spending levels, according to the people

Facebook-parent Meta to cut 10,000 jobs in second round of layoffs

With the latest move, Meta expects expenses in 2023 to come in between $86 billion and $92 billion, lower than the $89 billion to $95 billion forecast previously

Amid tech layoffs, Ronnie Screwvala's upGrad reports uptick in upskilling

upGrad works with over 400 global companies to upskill their talent

Samsung lays off 3% employees at US semiconductor subsidiary: Report

The total number of employees at Samsung DSA is 1,200, of which 30 employees have been removed

Microsoft's 3rd layoff round hits employees in supply chain, Cloud, IoT biz

Microsoft has conducted a third round of job cuts that impacted employees in roles related to supply chain, Artificial Intelligence (AI) and Internet of Things (IoT)

Facebook parent Meta plans additional layoffs over several rounds: Report

Meta Platforms, the parent company of Facebook is planning additional job cuts over several rounds in the next few months, according to media reports, reported The Wall Street Journal (WSJ)

Ford Motor Co to cut 1,100 jobs in Spain after other European layoffs

Ford Motor Co. announced Friday that it will cut around 1,100 jobs at its plant in the eastern Spanish city of Valencia. The cuts are in addition to the 2,300 layoffs largely in Germany and the U.K. that the automaker announced last month as part of a leaner, more competitive cost structure in Europe. Ford Spain said in a statement that it notified unions on Friday of what it said was a profound restructuring of its operations, which comes even as Ford champions the Valencia plant as its preferred site to assemble next-generation electric vehicles on the continent. The plant is Ford's only such facility in Spain and employed 5,400 people. Ford has said its strategy to offer an all-electric fleet in Europe by 2035 has not changed and that production of its first European-built electric car is due to start later this year. The cuts were mainly due to the already announced discontinuing production of the S-Max and Galaxy models in April 2023, Ford Spain said in an email. In January,

89% companies hired foreign nationals laid off in US, finds survey

The finding of the survey indicate that many companies benefited by recruiting foreign talent that faced layoffs

Meta Platforms planning to lay off thousands more as early as this week

The imminent round of cuts is being driven by financial targets and is separate from the "flattening," said the people, who asked not to be identified

LIVE: Death toll due to explosion at building in Dhaka rises to 15

Catch all the latest updates from across the globe here

upGrad subsidiary 'Campus' lays off 30% workforce due to lack of VC funding

According to leading startup covering portal Entrackr, citing sources, a lack of VC funding has caused layoffs in the startup ecosystem, affecting especially late-stage organisations

63% of tech professionals started their own firm post-layoff: Report

About 93 per cent of workers say they are now competing with the company that let them go

'We can't pay you more', small tech firms tell laid-off Big tech employees

As lakhs of Big Tech employees make a beeline to secure a job as soon as possible, smaller tech firms are hiring the talented laid-off workers albeit with a caveat: We can't pay you any more

Twitter no longer able to protect users from trolls as layoffs continue

The BBC investigation also revealed that child sexual exploitation is on the rise on Twitter and not being sufficiently raised with the law enforcement agencies as it used to be earlier

Automaker General Motors lays off 500 workers to cut costs: Report

Automaker General Motors is laying off hundreds of workers as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits, the media reported

Layoffs hit Nike, impacted workers share personal experience on LinkedIn

The employees posted on LinkedIn after Nike announced the resignation of Ratnakar Lavu, the top technology executive at the company

Fraudsters hit LinkedIn with recruitment scam wave amid layoffs: Report

The platform has sought to block tens of millions of fake accounts in recent months, as regulators warn of a spike in job-related frauds