Page 25 - Layoff

GoMechanic to lay off 70% workforce, says made grave errors in judgement

Co-founder Amit Bhasin said GoMechanic has decided to 'restructure the business while we look for capital solutions'

Google-backed ShareChat, Dunzo hand out pink slips to employees

This comes amid the current funding crunch in the Indian start-up ecosystem

ShareChat, Dunzo to join list of startups planning mass layoffs in India

Rebel Foods, which has brands like Behrouz Biryani and Oven Story, has also reportedly cut its headcount

91 tech companies lay off over 24,000 employees in first 15 days of January

The number of layoffs reached its nadir in November, which saw 51,489 tech workers lose their jobs

Voice automation startup Skit.ai lays off over 115 employees: Report

Software-as-a-service (SaaS) voice automation startup Skit.ai has sacked more than 115 employees, mostly from its India team, as part of the "restructuring process" amid the deepening funding winter

Ola Cabs starts laying-off employees; issues pink slips to 200 people

The company has handed pink slips to 200 people across tech, engineering and product teams as a part of its "restructuring exercise"

Alphabet robotics division Intrinsic lays off 20% of total workforce

'Intrinsic's leadership has made the difficult decision to let go a number of our team members,' a company spokesperson was quoted as saying

Video programming distributor DirecTV to layoff hundreds of workers

The employees were notified last week of the layoffs, which will take effect on January 20, according to the report

We are laying off 20% of workforce: Scale AI CEO Wang writes in blogpost

The macro environment has changed dramatically in recent quarters, which is something I failed to predict: CEO

Amazon plans to shut three UK warehouses; 1.2K likely to lose jobs

Amazon is adjusting to a slowdown in online shopping after consumers resumed their pre-pandemic retail habits

Crypto exchange Coinbase fires 950 people, shuts down several projects

The crypto company in June last year eliminated 18 per cent of its workforce, or nearly 1,100 people

Goldman Sachs to cut about 3,200 jobs this week after cost review

The cuts also come a week before the bank's traditional year-end compensation discussions

As crypto winter deepens, NFT marketplace SuperRare cuts 30% of workforce

SuperRare raised $9 million in its Series A funding in March 2021, led by Velvet Sea Ventures and 1confirmation

AR smart lens developer Mojo Vision lays off 75% of its workforce

AR smart lens developer Mojo Vision has slashed 75 per cent of its workforce across a variety of departments and functions amid the deepening funding crunch

McDonald's CEO Chris Kempczinski says layoffs coming by April to cut costs

McDonald's CEO Chris Kempczinski has announced that layoffs are coming by April, as the global fast food chain aims to reduce costs and "free up resources to invest in growth"

For thousands of Indian techies, is it the end of the great American dream?

As thousands of techies continue to lose jobs at Big Tech companies amid recession fears, most of them are finding it difficult to get jobs, as there is a freeze on new hirings in most top firms.

New Year heralds record tech layoffs, all eyes now on quarterly results

New Year started on a super bad note for tech employees as e-commerce giant Amazon and enterprise-software company Salesforce together announced to lay off more than 25,000 workers

Amazon plans to lay off around 1,000 employees in India: Report

E-commerce company Amazon plans to lay off around 1,000 employees in India as part of its biggest retrenchment exercise across the globe, according to sources. The company has announced the elimination of over 18,000 roles across the globe due to uncertain economic conditions. "The decision to eliminate 18,000 job roles across the globe will impact about 1,000 employees in India," the source said. Another source said Amazon has 1 lakh employees in India and the decision will impact 1 per cent of staff in the country. When contacted, an Amazon India spokesperson did not offer any comment but shared the blog link of Amazon CEO Andy Jassy where he has informed the company's decision to eliminate 18,000 roles across the globe. "Between the reductions, we made in November and the ones we're sharing today, we plan to eliminate just over 18,000 roles. Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PXT organisations," Jassy said. As of

Amazon to axe 18,000 jobs globally; CEO blames 'uncertain economy'

The job cuts - about 80 per cent higher than earlier estimates - are part of Amazon's annual operating planning review process

Amazon to slash more than 18,000 jobs as technology slump deepens

The reduction is concentrated in the firm's corporate ranks, mostly Amazon's retail division and human resources functions like recruiting