Page 28 - Layoff

CEO of $4.5 bn digital insurance company Wefox 'disgusted' at tech layoffs

Julian Teicke told CNBC he is "a little disgusted by statements like, 'never miss a good crisis' or 'we have to cut the fat'"

IT sector hiring down 43% in Oct; recovery likely in Jan-March: Study

Ukraine war, funding cuts for start-ups, companies tightening spending among reasons for hiring decline

What layoffs? Ronnie Screwvala-led upGrad on a hectic expansion spree

In a studied contrarian move, the Ronnie Screwvala-led edtech company is on a hectic expansion spree

Amazon to pull down shutters in food-delivery business in India on Dec 29

Amazon Food had onboarded 3,000 partners including QSR brands such as McDonald's and Domino's Pizza; some 25 people working on the project have all have been absorbed by the company

No employee was sacked, all resignations were voluntary: Amazon India

Amazon India said that it reviews its employees every year across verticals and checks if the organisation requires realignment

Musk refuses to reimburse 'millions of dollars' owed to Twitter vendors

This comes amid, several cost-cutting measures by Musk to make Twitter more profitable, including layoffs across Twitter offices around the world

Falling rupee, rising costs, job insecurity dampen study-abroad sentiment

Mass layoffs by tech biggies add to concern, but demand from non-metros robust

Done with layoffs, Elon Musk says he wants to go on hiring spree

Plans engineering teams in India, japan Indonesia, and Brazil

Musk's top-down approach will harm Twitter, says Manish Maheshwari

Large platforms can also go into exponential decay if the network effect stops working in their favour, Maheshwari said

In layoff season, Google may fire 10,000 'low performing' employees

The news on layoff at Google has come within days of a letter that hedge fund TCI, an investor in the company, wrote to Alphabet. TCI has shares worth $6 billion in Alphabet

Twitter influences some people's jobs but it isn't helping your career

In an era when all workers are supposed to sustain a personal brand that in theory will insulate us from job losses, something important could be lost if the site disappears

Twitter France head Damien Viel quits amid mass layoffs, says 'It's over'

Damien Viel, who confirmed his departure in a separate message to Bloomberg, had led the region for about seven years

Twitter chief Elon Musk considers further layoffs in sales on Monday

Musk had offered Twitter employees an ultimatum: either stay on and work long hours in a more "hardcore" version of Twitter, or leave with severance pay

Moody's closing its consulting business in China, laying off staff: Report

The US-headquartered credit rating firm, Moody's Corp is shutting it's China consulting business and is laying off its staff

Zomato to lay off 3% of its total workforce to reduce costs: Report

Zomato, which currently has nearly 3,800 employees, stated that layoffs will be based on regular performance

Fired by Elon Musk or Mark Zuckerberg? The old economy is there for you

British lender Barclays Plc is offering support for laid-off workers looking to start new fintech businesses and hopes to fill some of its thousands of technology job vacancies.

Twitter's mass exodus of employees under Musk spurs fear site will decay

Multiple teams that were critical for keeping the service up and running are completely gone, or borrowing engineers from other groups, according to people familiar with the matter.

Jet Airways sends 10% staff on LWP, cuts salaries of another 23%

CEO Sanjiv Kapoor said on Twitter on Friday that "two-thirds of staff are not impacted at all" by the cost-cutting measures

Elon Musk's 'hardcore' ultimatum sparks exodus, leaving Twitter at risk

So many employees decided to take severance that it created a cloud of confusion over which people should still have access to company property.

'Difficult decision': Amazon CEO says more layoffs will happen in 2023

The mass layoffs that began in Amazon's corporate ranks this week will extend into next year, CEO Andy Jassy said on Thursday. In a note sent to employees, Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. He said it also offered some other employees a voluntary buyout offer. "I have been in this role now for about a year and a half, and without a doubt, this is the most difficult decision we have made during that time (and, we have had to make some very tough calls over the past couple of years, particularly during the heart of the pandemic)," Jassy wrote in the memo. Seattle-based Amazon, which has been cutting costs in various areas of its business in the past few months, is undergoing an annual review process to figure out where it can save more money. Jassy said this year's review is "more difficult" due to the economic landscape and the company's rapid hiring in the last several years. Other tech companies -- many of which had