layoffs

Bounce Layoff: Bike Rental Startup To Pivot Into New Vertical

Bike-rental startup Bounce has laid off a massive chunk of its workforce in a bid to survive amid continued low demand for shared mobility 11 months post the pandemic fuelled lockdowns. According to people in the know, Wickedride Adventure Services...

Uber India Layoffs 25% Workforce Citing Tough Market Conditions

After laying off thousands of employees in the US, Uber is scaling down its operations in India now. Uber is downsizing its workforce in India by letting go its 25% of employees. The company hopes to reduce expenses in...

Zomato Layoffs: Tough Days Ahead For Food Delivery Startups?

The latest news of Zomotao layoffs shouldn't surprise many as the writing was on the wall. The food delivery startups in India are going through a tough phase as the lockdown situation appears to enter into the 4th phase amid...

Pay Cut Amid Coronavirus: Only Employees, Not Directors, Face The Music

The COVID-19 is truly on its way to purge all companies worldwide based on the survival of the fittest. Amid these testing times, many companies have chosen to lay off, furlough or significantly cut the pay of their employees...

A Tsunami of Startup Layoffs Is Coming: Employees Must Brace For Rainy Days!

The advent of the COVID-19 has impacted all kinds of businesses no matter how big or small in all parts of the world. However, it is mostly the startups who are seemingly going through the worst of this pandemic...

Layoffs In Eventbrite, Meesho, OYO: Are Startups Having The Worst Of COVID-19?

Experts believe that layoffs in startups are inevitable. The question is all about time and impact, which will only be clear in the months to come. With the global economy in freefall amid the COVID-19 pandemic, layoffs, furloughs, pay cuts...

Cognizant Laying Off 200 Top Execs: How Ethical Is The “Clean-Up” Spree?

What can be the price that any top wing has to pay to bring in jobs for young talent into a company? Their own jobs, it seems! IT services major Cognizant Technology (NASDAQ: CTSH) reportedly fired about 200 employees from the top pyramid...

Yahoo! – AOL to Cut 2100 More Jobs As Acquisition of Yahoo! By Verizon is Completed

Bad news for internet giant Yahoo! shows no sign of stopping as it was announced that they would be cutting 15% of their 14,000 personnel workforce across Yahoo and AOL globally. This amounts to as many as 2,100 jobs in total....

Ola Restructuring and Layoffs on Cards After Uber’s Open Challenge [UPDATED]

Update 1: March 17, 11: 45 PM: Ola has responded to the story and rejected the possibility of any such layoffs. In an email to us, Ola clarifies that the company continues to grow fast and is focused on hiring...

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India Processed Nearly 10 Billion More Real-Time Payments Than China In 2020 [Report]

Real-time payments are fast gaining momentum when it comes to popularity! According to e-marketer, in 2020, RTP payment methods were...