Page 26 - Layoff

Reversing Covid-era excesses: Big Tech braces for sackings, dismal profits

Large US technology firms expected to announce layoffs, cut costs through the next few months, say experts

Swiggy planning fresh layoffs; may cut 8-10% from 6000-strong workforce

The plan for layoffs comes at a time when Swiggy is aspiring to turn operationally profitable before its IPO

Cyber-security firm Sophos lays off 450 staff globally, including in India

Sophos announced an internal restructuring which has resulted in job losses and the start of consultation periods that potentially will affect 10 per cent of our global employee base

GoMechanic cooked the books, say investors as 70% staff is laid off

According to people in the know, investors may now ask GoMechanic founders to take leave of absence

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.