layoffs

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....

After Apple, Tesla, Netflix, Amazon, now Meta starts laying off randomly chosen workers by an algorithm

Last week, Facebook laid off an estimated 60 contract workers who were left stunned by learning that they were selected randomly by an algorithm. While the move clearly shows that companies are now trusting in data-driven decisions more than...

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...
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Elon Musk’s Starlink: An Emerging Threat to Reliance Jio and Airtel’s Dominance in India?

The dominance of Reliance Jio and Bharti Airtel in India's telecom sector is poised to be challenged by a...
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