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,...
Another massive layoff at Meta raises concerns about the company’s future!
The technology industry has been going through a tough phase due to the massive layoffs in the last six months. This shows no signs of abating. Meta Platforms, Inc. (NASDAQ: META), the parent company of Facebook, is reportedly planning...
Google’s AI chatbot Bard sparks employee discontent amid layoffs
Google has a culture that encourages open communication and the expression of different viewpoints. This culture has been demonstrated in how the company allows its employees to test its Bard chatbot. The employees are likely to be able to...
Sequoia Capital puts GoMechanic under forensic audit: Founder admits financial irregularities, fires 70% of the workforce
One after another after another; a number of Sequoia Capital's portfolio companies are found to be indulged in serious financial irregularities, and the latest one that is added to the list is GoMechanic, an automobile after-sales service startup. On January...
The massive job cuts at Amazon and Salesforce indicate a horrific economic downturn
The number of jobs cuts at Amazon has shaken the worldwide tech industry, indicating that situation could be even worse than anticipated earlier and people must be mentally prepared to deal with it. The e-commerce behemoth has revealed that...
Facebook layoffs 2022: Thousands of employees have the Sword of Damocles hanging over their heads
Amidst the fear of global meltdown, many companies have started executing the cost optimisation process to stay competitive and afloat. Getting rid of the employees on a bench or non-performing assets is the first step that most companies take....
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Made-In-India smartphone shipments 2022: Apple iPhone shipments grew 65% YoY by volume and 162% YoY by value [REPORT]
All major global tech companies, including Apple, Samsung, Xiaomi, and others, have established smartphone manufacturing facilities in India. These...
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