Page 9 - Layoff

Cisco to lay off thousands more in second job cut this year: Report

Cisco, the largest maker of the routers and switches that direct internet traffic, has been grappling with sluggish demand and supply-chain constraints in its mainstay business

Tech layoffs 2024: IT companies lay off 100,000 employees till July 2024

Major IT firms such as Intel, Microsoft, Intuit, among others have laid off 124,517 employees across the globe till July this year

Massive layoffs at Intel, Delhi coaching centre case & more Top #news in 1 min

The Delhi High Court sarcastically noted it’s a relief the cops didn’t blame rainwater for the students’ deaths at Rau’s IAS, contrasting it with an SUV driver’s arrest. The case has been transferred

Intel to cut thousands of jobs to reduce costs, layoffs to begin this week

Intel, which is scheduled to report second-quarter earnings Thursday, has about 110,000 employees, excluding workers at units that are being spun out

WayCool lays off over 200 employees, aims to achieve profitability

The layoffs have impacted employees across Chennai, Bengaluru and Hyderabad

Microsoft faces backlash over DEI team layoffs amid diversity commitments

Microsoft has laid off its internal team dedicated to diversity, equity, and inclusion (DEI) due to 'changing business needs'

CNN cuts about 100 jobs, to launch digital subscriptions before year's end

CNN is eliminating approximately 100 jobs and plans to debut its first digital subscriptions before the end of the year as the news network leans into reshaping its business. In a memo sent to staff on Wednesday, CNN CEO Mark Thompson said noted that it's cutting just 100 jobs out of a total workforce of approximately 3,500. He said that open roles were closed wherever possible in order to minimise the total layoffs. Media organisations, including CNN have struggled to grow audiences and revenue, and have sought to diversify what they're offering to customers. Thompson said that CNN's digital strategy must be ambitious enough to deliver the audiences and the revenue we need to maintain our unique journalistic firepower and succeed as a business. The executive said CNN will create subscription-ready products that offer news, analysis and context in new formats. He emphasised that there will be an effort to keep users on CNN.com's website longer and finding ways to get them to return

Forced layoff row: Paytm not to recover joining bonus after govt steps in

After receiving the Labour Ministry's rap over the alleged termination of an employee, the Paytm management on Wednesday appeared before the regional labour commissioner and agreed not to recover the joining bonus from the worker, according to official sources. Official sources said Paytm has also agreed to make the notice period payment to the said employee. However, they didn't reveal the name of the employee who got the relief. An email sent to Paytm on the issue did not elicit a response. Official sources, meanwhile, said the employee has accepted the exit offer made by Paytm, in the presence of the Regional Labour Commissioner (Central), Bengaluru. They also said following the parleys, the grievance has been resolved to the satisfaction of both sides. They further informed that the Regional Labour Commissioner (Central), Bengaluru, acted swiftly in the matter, following a complaint filed by an employee regarding alleged termination practices at Paytm, and immediately issued

Crisis-hit Paytm expands ESOP pool with 280k stock options for employees

The development comes amid reports that Paytm may announce up to 20% layoffs in the current financial year amid regulatory setbacks imposed by the RBI

Tech layoffs: 98,000 impacted as Apple, Google, others continue job cuts

In May alone, 39 companies laid off a total of 9,742 employees as economic uncertainties continue to impact the tech sector's workforce

After deal with Tokopedia, ByteDance confirms its layoff plan in Indonesia

ByteDance, the owner of TikTok, did not say how many employees would be affected. Bloomberg had earlier reported there would be 450 jobs cut.

Paytm cuts jobs as part of restructuring, facilitates outplacement support

Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement. Paytm's sales employee headcount in March 2024 quarter dropped by about 3,500 to 36,521 personnel on a quarter-on-quarter basis, mainly due the impact of the Reserve Bank of India's ban on services of Paytm Payments Bank. "One97 Communications Limited (OCL) is providing outplacement support to employees which have resigned as a part of the restructuring efforts by the company. "The company's human resource teams are actively collaborating with over 30 companies that are currently hiring, and providing assistance to employees who have opted to share their information, facilitating their immediate outplacement," the company said on Monday. Paytm, however, did not not disclose the number of employees impacted by the restructuring. "Paytm is also disbursing bonuses

Tech job cut: Microsoft lays off 1,000 employees from mixed reality team

Majority of the jobs cut have been within Microsoft's Strategic Missions and Technologies organisation, which aims to sell the company's cloud software and server rentals for businesses

Tech layoffs 2024: Over 9,500 employees lose job across 39 companies in May

Global tech layoffs 2024: As many as 89,333 employees have been laid off across 306 tech companies in 2024 so far

Australian telecom Telstra to cut nearly 2,800 jobs as competition stiffens

Telstra had more than 31,000 employees as of August 2023 according to its annual report

Here's what Google CEO Sundar Pichai told his employees on more layoffs

Google CEO Sundar Pichai said the company will need to be 'very, very disciplined' about hiring more employees throughout the year

Return to work or face termination: Air India Express gives crew ultimatum

Air India Express fired 25 cabin crew members and demanded others to either return to work by 4 pm on Thursday or face termination

Air India Express fires cabin crew members over 'premeditated' sick leave

According to Air India Express CEO Aloke Singh, more than 100 cabin crew members had reported sick just before their rostered flight duty since Tuesday night

Simpl hands over pink slips to over 100 employees in a bid to cut costs

Simpl says it has laid out a 'comprehensive growth plan' while having a 'razor-sharp focus on profitability'

Google slashes jobs globally, shifts core team roles to India and Mexico

Out of the total 200 job cuts, nearly 50 were removed from the California-based engineering team as the company now looks to hire cheap labour as part of its cost-cutting exercise