Page 37 - Layoff

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

Join a firm that doesn't treat you as employee id: Banerjjee of Tata Neu

Says knee-jerk reaction-driven startups get rid of their biggest assets--the very people on whose shoulders these businesses were built

Funding may dry up for next 12-18 months: Unacademy CEO tells employees

Travel only if it is absolutely needed and meetings that can happen on Zoom should happen on Zoom, Gaurav Munjal tells employees

Cars24 asks 600 employees to leave on basis of 'poor performance'

Pre-owned e-commerce platform Cars24 said that around 600 employees have been let go based on their poor performance and not owing to any "cost cuts".

Amazon aggregator Thrasio Holdings appoints new CEO amid reported layoffs

Thrasio on Monday announced that Greg Greeley has joined its Board of Directors and will become the company's next CEO in August, succeeding current CEO and Co-Founder Carlos Cashman

Netflix lays off seasoned journalists after abysmal Q1 results

Netflix has reportedly laid off several experienced journalists and writers working for its entertainment site Tudum which it launched only in December last year

Alibaba, Tencent preparing to cut tens of thousands of jobs this yr: Rpts

The job cuts at the two companies would be their first major layoffs since Chinese regulators launched an unprecedented campaign a year-and-a-half ago to rein in its internet giants

Vishal Garg-led Better.com fires workers in US, India in mass layoff

Indian-American CEO Vishal Garg-run digital mortgage company Better.com on Wednesday started laying off thousands of employees in the US and India who received severance cheques in the payroll app

Better.com set for another mass layoff after CEO Vishal Garg's return

The return of Vishal Garg, the controversial Indian-American CEO of digital mortgage company better.com, is set for another round of mass layoffs next month, the media reported.

Unilever to slash thousands of jobs in over 100 countries: Report

It comes a week after the firm failed in its bid to buy the consumer health division of GlaxoSmithKline (GSK) for 50 billion pounds

Watch: Better.com CEO lays off 900 employees in US, India via Zoom call

'This isn't the news that you're going to want to hear but ultimately it is my decision and I wanted you to hear it from me,' Vishal Garg is heard saying

ByteDance furloughs hundreds after China's tutoring crackdown

It's unclear if ByteDance will lay off more employees. Local media had earlier reported the shutting of the services

US jobless claims rise as layoffs stay high despite drop in Covid-19 cases

Before the virus erupted in the United States last March, weekly applications for unemployment benefits had never topped 700,000, even during the Great Recession of 2008-2009

IndiGo starts hiring, gives offer letters to 32 pilots for ATR-72 fleet

The pandemic hit few sectors harder than air travel, wiping out tens of thousands of jobs. IndiGo had slashed its workforce by 10 per cent last year in view of travel disruptions

Uber lays off 185 workers at its food delivery service Postmates: Report

Meal delivery has been one bright spot for Uber amid the pandemic, as bookings in its Uber Eats division rose 135 percent year-over-year in the third quarter while its ride-hailing segment dropped 50%