Page 21 - Layoff

Twitter handed pink slips to more people from sales team last week: Report

Recently, Twitter also shut down its offices in Delhi and Mumbai and asked the staff to work from home

TCS not considering layoffs, hiring impacted employees from startups

Tata Consultancy Services (TCS) is not considering any layoffs as it believes in grooming talent for longer careers once it hires an employee, a top official has said. The country's largest information technology services exporter is also looking to hire startup employees who have lost their jobs, its chief Human Resources officer Milind Lakkad told PTI in an interview. The comments have come amid IT companies, including big tech giants, the world over laying off people due to a slew of reasons. We don't do that (layoffs), we believe in grooming talent in the company(there will be) no layoffs, Lakkad said, replying to a specific question on whether there will be layoffs or involuntary attrition. He said many companies are forced to take such a step because they hired more than they wanted while the cautious TCS believes that once a staff member joins, it is the company's responsibility to make them productive and derive value. In cases where it finds a gap between the skill sets .

Google sacks employees in India, cuts 450 jobs across verticals

Meanwhile, some of the employees who were laid off took to LinkedIn

Flexi-staffing industry's Q3 growth lowest in past 10 quarters: ISF report

Global layoff-driven dip in IT hiring drags overall growth figure to 0.8%

92% recruiters optimistic about hiring in H1CY23: Naukri.com report

Recruiters foresee maximum layoffs for senior professionals, with 20% of recruiters predicting the same. Freshers are expected to be least impacted by hiring corrections

Sacking 7,000 employees in 2-hour call was bad idea: Salesforce CEO

Salesforce employees had slammed CEO Marc Benioff for being evasive during the meeting

71% Indians confident to retain jobs in 2023 despite global layoffs: Report

While 63 per cent of professionals with 0-3 years of experience are confident about retaining their job, this number jumps up to 83 per cent for professionals with more that six years of experience

Activists protest outside Twitter HQ in support of laid-off workers

Some of the laid-off employees filed a class-action lawsuit against Twitter and Musk, alleging the sacking violated state and federal labour laws

GoDaddy CEO Aman Bhutani cuts 8% jobs amid tough macroeconomic situation

In an email to employees, Bhutani said that most impacted roles are in the US, affecting multiple levels in the company and every division

Yahoo to lay off more than 20% of staff to restructure its ad tech division

The cuts will impact nearly 50% of Yahoo's ad tech employees by the end of this year, including nearly 1,000 employees this week, the company said

US-based healthtech firm Nomad Health lays off 17% of its workforce

US-based Nomad Health, a healthcare staffing start-up, has laid off 17 per cent of its workforce this week, amid tough macroeconomic conditions

Short video app TikTok hands over pink slips, fires entire India staff

Most of the employees of TikTok India were working in Brazil and Dubai markets after the Centre banned the app in India in June 2020

PayPal forecasts strong full-year profit, says CEO to retire at year-end

The company's upbeat forecast also comes alongside its previously announced commitment of lowering expenses in the backdrop of its key e-commerce segment feeling the pinch of a slowdown

2,500 IT freshers to be given pink slips for failing screening test: Report

The screening tests may also get more stringent as the firms are under pressure to honour campus offers but are already overstaffed

Disney to cut 7,000 jobs in major revamp to make streaming biz profitable

The layoffs represent an estimated 3.6% of Disney's global workforce

Zoom to lay off around 1,300 employees, CEO Eric Yuan taking 98% pay cut

Zoom on Tuesday announced that it will lay off about 1,300 employees, or approximately 15 per cent of its staff, becoming the latest tech company to announce significant job cuts

As layoffs continue, companies may tweak processes to determine appraisals

In the upcoming year, the salary hikes are less likely to be dependent upon seniority

Indian startups fired 6,000 employees in third quarter, says report

This can be attributed to investors lowering funding amid high volatility in global markets

EBay to cut 4% of its workforce amid low consumer demand worldwide

The reductions are in response to the "macroeconomic situation around the world," Chief Executive Officer Jamie Iannone said Tuesday in a statement

PC sales set to slow down in India as hardware firms announce layoffs

Sale boom during pandemic waning as consumers delay purchase due to fear of recession: Report