Page 27 - Layoff

Software firm Salesforce's workers brace for fresh round of layoffs

Salesforce, an enterprise software company, is preparing for another round of layoffs amid leadership changes, increased pressure to meet sales targets, and the influence of activist investors.

Drug, medical services firm PharmEasy may lay off hundreds of employees

The company has a total workforce of about 1500

Low-code software platform Airtable lays off over 20% of its workforce

TechCrunch reported that the impacted employees will get at least 16 weeks of severance pay, accelerated equity vesting and support from an immigration counsel if on visa

Two women sue Elon Musk's Twitter alleging discriminatory layoffs

Two women who lost their jobs at Twitter when billionaire Elon Musk took over are suing the company in federal court, claiming that last month's abrupt mass layoffs disproportionately affected female employees. The discrimination lawsuit is the latest in a series of legal challenges over Musk's decimation of Twitter's workforce through mass layoffs and firings. Days after the world's richest man bought the social media platform for $44 billion, the company told about half of employees on Nov. 4 that they no longer had a job but would get three months severance. The lawsuit filed in a San Francisco federal court this week alleges that 57% of female employees were laid off, compared to less than half of men, despite Twitter employing more men overall before the layoffs. The cutbacks continued throughout November as Musk fired engineers who questioned or criticized him and gave all remaining employees the choice to resign with severance or sign a form pledging extremely hardcore work a

Fintech giant Plaid lays off 260 employees; offers 16 weeks of base pay

Fintech company Plaid is laying off 260 employees, or about 20 per cent of its workforce globally, amid the global macroeconomic conditions

Swiggy to give pink slips to over 250 employees in December: Report

Widening losses: In November, Swiggy decided to shut down its cloud kitchen brand, The Bowl Company, in Delhi and the national capital region (NCR)

Vedantu gives pink slips to 385 employees in 3rd round of layoffs this year

It has sacked over 1,100 employees, so far, amid funding winter

Edtech firm Vedantu lays off 385 employees in 4th job cut round this year

Layoffs have happened across sales, HR, and content teams which, according to the company sources, is part of an aggressive measure to reduce excess burn, thus prioritising profitability over growth

Adobe lays off 100 employees, says 'not doing company-wide layoffs'

Software major Adobe has laid off some 100 employees from its sales team amid the rough global macroeconomic conditions

Online news portal BuzzFeed fires about 12% of workforce amid layoffs

Online news portal BuzzFeed, which also owns the Huffington Post and Complex Networks, has laid off at least 180 employees or 12 per cent of its workforce, as media layoffs grow

Morgan Stanley lays off about 1,600 employees amid economic meltdown

Global investment advisory firm Morgan Stanley has cut about 2 per cent of its global workforce, or about 1,600 employees, amid the global economic meltdown, the media reported

PepsiCo to lay off 'hundreds of workers' at New York headquarters: Report

It is being done 'to simplify the organization so we can operate more efficiently', PepsiCo said in a memo to its employees

Oyo founder Ritesh Agarwal urges companies to hire laid-off employees

Recently, Oyo said that it was cutting 600 jobs in its corporate and technology departments

Amazon may lay off up to 20,000 employees to streamline costs: Report

In the last few days, Amazon has reportedly asked the managers to identify performance problems among the employees

Cryptocurrency exchange Bybit plans to cut 30% of workforce: CEO Ben Zhou

The layoffs are part of an ongoing reorganisation aimed at refocusing efforts, and reductions will be across the board

IPO-bound OYO to lay off 600 in its tech team, hire 250 in sales roles

These layoffs come at a time when many other large start-ups are also letting go of employees

E-commerce platform Carousell lays off 110 employees to reduce costs

Consumer-to-consumer (C2C) e-commerce platform Carousell has laid off about 110 employees, or 10 per cent of its total workforce, in an effort to reduce costs.

OYO to downsize 3,700-employee base including fresh hires, cut 600 jobs

IPO-bound travel tech firm OYO on Saturday announced it will downsize about 10 per cent of its 3,700-employee base by cutting 600 jobs in the technology and corporate verticals and hiring 250 members, primarily in the relationship management teams. OYO said the move is part of implementing wide ranging changes in its organisational structure. It is downsizing its product & engineering, corporate headquarters, and OYO Vacation Homes teams, while it adds people to the partner relationship management and the business development teams. "OYO will downsize 10 per cent of its 3,700-employee base, which includes fresh hiring of 250 members and letting go of 600 employees," a statement said. Product and engineering teams are being merged for smoother functioning, it added. The downsizing in tech is also happening in teams which were developing pilots and proof of concepts such as in-app gaming, social content curation and patron facilitated content, the company said. Additionally, members

Global FinTech firm FIS issues pink slips to over 400 employees in India

Move comes a year after firm's plans to hire 10,000 people in the country; more likely to be axed in restructuring exercise; final settlement likely within five days from separation date

Layoffs happening and likely to hit hundreds: CNN to employees

Employees at the company had been anxiously bracing for the layoffs since Licht informed them last month that "unsettling" changes lie ahead