layoffs

Global Tech Layoffs 2024: Nearly 8,000 in Just 15 Days, India Accounted for 16% of the Total

The global tech industry is grappling with a formidable challenge as unemployment shows no sign of abating. In 2023, a staggering 1,186 tech companies worldwide bid farewell to 262,582 employees. Surprisingly, in just 15 days of the New Year...

Udaan’s 10% Workforce Cut Fuels Concerns About the Long-Term Viability of Startups Amid Funding Boom

Despite the influx of significant funding into India's startup ecosystem, several startups grapple with operational sustainability. One such example is Udaan, a business-to-business (B2B) e-commerce company headquartered in Bengaluru. Udaan laid off 10% of its workforce, numbering between 100...

3.6 Lakh Employees Parted Ways with Indian Startup Unicorns: Bengaluru Takes Lead in Net Layoffs

The Indian startup ecosystem has witnessed significant churn between September 2022 and July 2023, as revealed by the latest data from PrivateCircle Research. A whopping 3.6 lakh employees across 111 Indian startup unicorns have left their jobs during the...

Unemployment in India’s Edtech Sector Hits A New High: Over 21,000 Byju’s Employees Are On The Job Hunt

The edtech industry, once a beacon of opportunity, is facing a challenging time as Byju's, India's largest edtech company, grapples with layoffs and financial troubles. In the past six months alone, the edtech company has let go of nearly...

From Unicorns to Thrift Warriors: How Indian Startups Slash Appraisals in a Battle for Survival

In the wake of the Covid-19 pandemic, Indian companies, particularly the much-celebrated startup unicorns, have found themselves caught in a whirlwind of financial woes. Layoffs, drying funding, lack of talent and work-from-home challenges have become the order of the...

Despite mass tech layoffs and funding winter, 80% of early-stage Indian startups would continue to hire in 2023

Indian startups are hiring despite the flurry of tech layoffs and market uncertainty that has forced most tech giants to seize their hiring process. According to the latest survey by Randstad India and the Federation of Indian Chambers of Commerce...

Amazon has fired a jaw-dropping number of employees in the last 3 months: Hints a worst-ever economic downturn

Amazon has decided to lay off another 9,000 employees, taking the tally of employees the internet behemoth has fired in the last 3 months to over 27,000. The company is not the only one on a firing spree, and...

Will Apple’s two new cost-cutting strategies benefit its employees or draw flak?

Apple, Inc. (NASDAQ: AAPL) is undertaking a series of calculated steps to mitigate its operational expenses in light of the current economic climate marked by unprecedented uncertainty and volatility. According to Bloomberg, the Cupertino giant intends to delay bonuses...

Hiring in Q2 2023: 80% of employers are struggling to find the right talent [REPORT]

The world has been going through a tough phase with massive job cuts in the IT industry. Despite ongoing recessionary concerns and layoffs making headlines, India's hiring outlook for the second quarter of 2023 remains relatively stable. According to...

C3.AI’s CEO reveals shocking truth about Meta and Google’s overhiring: Work-from-home employees had no work to do!

A majority of the employees hired by companies like Meta and Google during the Covid-19 outbreak have now been terminated. The economic slump, rising inflation, and other factors are the main causes of these massive layoffs. According to Thomas Siebel,...
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Customer Frustration Rising at Paytm Payments Bank: 150x YoY Surge in Complaints

User complaints can have severe repercussions for any B2C business, particularly operating in the fintech sector where daily financial...
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