Page 36 - Layoff

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

Netflix lays off 300 employees in 2nd round, more dismissal likely

After laying off several employees recently, popular video streaming platform Netflix has once again shown the exit door to an additional 300 employees in the second round of layoffs

Netflix lays off another 300 employees in latest round of cuts

The job losses are across the company, with most affected workers based in the US

Edtech platform MasterClass cut 20% of workforce amid worsening environment

MasterClass CEO David Rogier said the decision was taken to "adapt to the worsening macro environment and get to self sustainability faster"

JPMorgan laying off hundreds in mortgage business after rate surge

The total affected will be more than 1,000 workers, with about half moved to different divisions within the biggest US bank, according to people familiar with the matter

Sea's e-commerce arm Shopee laying off staff across Southeast Asia: Report

The move is reportedly aimed at "rationalising its e-commerce business" as rising inflation and high interest rates have hit the startup ecosystem globally

E-scooter giant Bird lays off 23% of its employees to reduce cost structure

US-based electric scooter and micromobility giant Bird has reportedly let go 23 per cent of its employees in its latest round of layoffs, media reports say