Page 36 - Layoff

Snapchat planning to lay off employees after disappointing Q2CY22 numbers

The net loss of Snapchat widened to $422 million in Q2CY22, nearly tripling from $152 million in the same quarter in 2021

Linktree sacks 17% of employees in latest round of tech pink slips

With a reported 300-strong workforce, the mass layoff amounts to about 50 staff members

Coupon-finding Groupon lays off over 500 employees, 15% of its staff

Chicago-based e-commerce marketplace Groupon has confirmed that it has laid off more than 500 of its employees -- 15 per cent of its 3,416-person headcount and is also planning to slash costs

Alibaba lays off nearly 10,000 employees to cut expenses amid poor sales

According to South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company trimmed its overall headcount to 245,700.

Edtech firms LEAD School, Vedantu lay off nearly 100 workers each

In continuing layoffs at edtech platforms in India, industry leaders Vedantu has asked 100 more employees to go and LEAD has also laid off a similar number of staff in the ongoing funding winter

Streaming company SoundCloud announces 20% layoff of workforce

Streaming platform SoundCloud has announced to cut 20 per cent of its workforce "given the challenging economic climate and financial market headwinds".

Crypto exchange Blockchain.com cuts 25% of its workforce, halts expansion

Leading cryptocurrency exchange Blockchain.com has laid off 25 per cent of its workforce, nearly 150 employees, amid the global economic meltdown

Chinese app TikTok begins laying off people amid restructuring: Report

Owned by ByteDance and banned in India for last two years, TikTok has created a significant user base, crossing 1 billion monthly active users with thousands of employees worldwide.

Goldman Sachs warns it may slow hiring, cut expenses as deals slump

Goldman's investment banking revenue fell 41% to $2.14 bn in the second quarter, as fees from both equity and debt underwriting fell along with those from advising on stock listings and M&As

Non-fungible token marketplace OpenSea lays off about 20% of employees

On the microblogging site Twitter, the CEO shared a note that said "today is a hard day for OpenSea, as we are letting go of 20 per cent of our team"

Microsoft cuts 1,800 jobs in restructuring, will hire more: Report

The layoffs, affecting less than 1 per cent of the 180,000-person workforce, spanned a variety of groups including consulting and customer and partner solutions

Ford, Volkswagen-backed startup Argo AI bids goodbye to 150 employees

According to TechCrunch, the layoffs account for about 5 per cent of its more than 2,000 global workforces, according to sources familiar with the company's actions

Twitter fires 30% employees from its talent acquisition team, says report

Micro-blogging platform Twitter has laid off 30 per cent employees from its talent acquisition team amid the $44 billion takeover by Elon Musk, the media reported on Friday

Crypto lending platform Celsius lays off 150 employees amid worst meltdown

Cryptocurrency lending platform Celsius has laid off 150 employees which is a quarter of its workforce, as the global crypto market goes through its worst meltdown

Pokemon GO developer Niantic lays off 8% of workforce; cancels 4 projects

CEO John Hanke reportedly wrote in an email to employees that Niantic was "facing a time of economic turmoil"

Byju's lays off 500 and may drop more people in latest edtech crisis

Recently, over 800 employees of WhiteHat Jr, resigned after being asked to work from office

BYJU's-owned WhiteHat Jr lays off 300 employees in latest round of job cuts

Online coding provider WhiteHat Jr, the beleaguered platform under edtech giant BYJU's umbrella, has laid off around 300 employees, after more than 1,000 of its employees resigned

Udaan lays off about 180 employees in a move to drive cost-efficiency

The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months

Employee exodus continues at Trell, 100 more leave as firm struggles to pay

Lifestyle social commerce platform Trell has seen another wave of employee exodus as it struggles to pay creators in the country. The company, however, on Monday claimed it has paid all its creators

Tesla employees' electric dream meets sudden crash in mass layoffs

The electric car-maker started laying off salaried employees after Musk announced last week to cut the workforce, which would result in reducing Tesla's total headcount by roughly 3.5 per cent