layoffs

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...

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,...

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 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...

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 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...

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....

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...

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...

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...