Page 21 - Layoff

Twitter sacks product manager Esther Crawford in another round of layoffs

Crawford led various projects at Twitter, including the company's Blue with verification subscription and its forthcoming payments platform

Twitter lays off 200 employees, nearly 10% of current workforce: Report

The layoffs on Saturday night impacted product managers, data scientists and engineers who worked on machine learning and site reliability, which helps keep Twitter's various features online

BASF to cut 2,600 jobs as firm adjusts to future without cheap Russian gas

Europe's competitiveness is increasingly suffering from overregulation, slow and bureaucratic permitting processes, and in particular, high costs for most production input factors

Meta may lay off another 11K or so employees in March, says report

Meta (formerly Facebook) is set for another big round of layoffs -- similar to the one it announced in November last year -- as early as next month once the performance bonuses are paid out

Facebook-parent Meta planning more layoffs, to impact thousands: Report

Last year, the social media giant said it will let go of 13% of its workforce, or more than 11,000 employees, as it grappled with soaring costs and a weak advertising market

McKinsey plans to cut about 2K jobs in one of its biggest rounds of layoffs

The plan is expected to be finalized in the coming weeks, and the final number of roles to be eliminated from its 45,000 workforce could still change

Nation needs to embrace compassionate capitalism: Narayana Murthy

Touching upon the issue of layoffs, Murthy said that it seems to have become a worldwide phenomenon as several companies are indulging in it

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