Pink Slips

Boeing issues layoff notices to 400-plus workers as it begins drastic cuts

Boeing has delivered layoff notices to more than 400 members of its professional aerospace labour union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its Machinists union. The pink slips went out last week to members of the Society of Professional Engineering Employees in Aerospace, or SPEEA, The Seattle Times reported. The workers will remain on the payroll through mid-January. Boeing announced in October that it planned to cut 10 per cent of its workforce, about 17,000 jobs, in the coming months. CEO Kelly Ortberg told employees the company must "reset its workforce levels to align with our financial reality". The Society of Professional Engineering Employees in Aerospace, or SPEEA, union said the cuts had affected 438 members. The union's local chapter has 17,000 Boeing employees who are largely based in Washington, with some in Oregon, California and Utah. Of those 438 workers, 218

Microsoft announces 3rd round of layoffs as tech sector continues to bleed

Number of job cuts in tech sector has crossed 100,000 with major companies like Google and Toshiba also handing out pink slips

Unacademy gives pink slips to 250 employees in another round of layoffs

Unacademy has had multiple rounds of layoffs since 2022. Its workforce is down to below 3,000 as against 6,000 in the early part of 2022, according to sources

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'

Salesforce to lay off around 700 employees across company: Report

With this, Salesforce has become the fourth tech major to trim its workforce in 2024 after Google, Twitch and Amazon

Paytm hands over 1,000 pink slips; staff from lending business affected

The decision to dismiss these employees comes weeks after the fintech company announced it would reduce the disbursement of small-ticket-size loans as RBI tightened norms

Reddit to hand pink slips to 5% of its workforce, reduce fresh hiring

The move aims to help the social media company Reddit to break even next year

Mensa Brands lays off 30 from recently-bought India Lifestyle Network

In November 2021, Mensa Brands raised $135 million at a valuation of nearly $1.2 billion, making it the fastest Indian start-up to reach unicorn status

Top headlines: Meta layoffs, angel tax exemption, new Parliament & more

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Disney to give pink slip to 2,500 employees in third round of layoffs

The first round of layoffs began in March when Disney CEO Bob Iger announced three rounds of layoffs as the company aims to reduce its workforce by around 7,000 workers

Short video app TikTok hands over pink slips, fires entire India staff

Most of the employees of TikTok India were working in Brazil and Dubai markets after the Centre banned the app in India in June 2020

2,500 IT freshers to be given pink slips for failing screening test: Report

The screening tests may also get more stringent as the firms are under pressure to honour campus offers but are already overstaffed

Vedantu gives pink slips to 385 employees in 3rd round of layoffs this year

It has sacked over 1,100 employees, so far, amid funding winter

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

Laid off? Seek advice before claiming tax exemption on severance pay

You can claim only if the payout is voluntary and you have documentary proof to this effect

Moonlighting gets 300 employees at Wipro the pink slip: Rishad Premji

Rishad Premji says moonlighting is a 'complete violation of integrity in its deepest form'

Covid-19 impact: Home Credit India to give pink-slips to 1,800 employees

Home Credit India said it was a tough decision and the organization is trying its best to help the impacted people in getting securing new opportunities

Covid-19 crisis: India Inc reaches for pink slips as cash flow dries up

Senior staff of all the top groups have taken salary cuts up to 20 per cent to preserve jobs at the bottom of the pyramid.

Covid-19 crisis: Indiabulls sacks over 2,000 employees to control expenses

The attrition is in line with the process we follow every year, says company

Economic slowdown fallout: Realty major Lodha group lays off 400 employees

However, a spokesperson for the largest realty player in India attributed the lay-offs to performance reviews