Nokia Slashing 14,000 Jobs As Profit Sees Sharp Decline
Nokia, which currently has 86,000 employees on its rolls, plans to bring the headcount down to between 72,000 and 77,000.
Oct 20, 2023, 08:13 AM IST
Microsoft Slashes 1,000 Jobs, Mostly In Sales, Customer Services: Report
According to a report in Insider, citing sources, the new layoffs are beyond the 10,000 jobs that the tech giant planned to eliminate earlier this year.
Jul 20, 2023, 13:44 PM IST
Microsoft Lays Off 276 Employees In New Job Cut Round
In May, Microsoft slashed 158 jobs in Washington State which were not not part of the 10,000 announced earlier.
Jul 11, 2023, 11:43 AM IST
Amdocs Lays Off 2,000 Employees In 2nd Job Cut Round This Year
In Israel where it was founded in 1982, Amdocs will slash 200 jobs, a reduction of approximately 4 per cent, according to a report in Israel-based website Calcalist.
Jul 07, 2023, 10:33 AM IST
Get Prepared for Deeper Layoffs in 2023, Predict Business Economists
With more Big Tech companies like Microsoft and Google joining the ongoing layoff season, about 3,000 tech employees are now being laid off per day on average in January globally, including in India.
Jan 25, 2023, 07:53 AM IST
MASSIVE job cut: Ola to fire 200 employees
Over 1000 employees have left the Bhavish Agrawal-led business in the last seven months.
Jan 13, 2023, 14:15 PM IST
More job cuts in Amazon, CEO confirms around 18,000 employees to be laid off this year
The Amazon CEO said in a statement that they were not done with the annual planning process as earlier mentioned, and "I expected there would be more role reductions in early 2023".
Jan 05, 2023, 08:24 AM IST
Recession will hit a third of the world this year, warns IMF chief
Kristalina Georgieva, the chief of the International Monetary Fund (IMF) made these grim assertions on Sunday during a CBS news programme "Face the Nation."
Jan 02, 2023, 14:46 PM IST
Morgan Stanley lays off about 1,600 employees
The company has about 81,567 employees and the layoffs will touch "nearly every corner of the global investment bank".
Dec 07, 2022, 15:32 PM IST
Job cuts hit media firms amid economic slowdown, more layoffs coming
According to Axios, more than 3,000 jobs have been cut till October this year in the media industry, and more are on the way.
Nov 24, 2022, 09:44 AM IST
Amazon laying off hundreds of employees in India? Here's all you want to know
Nearly 1 lakh people are employed by Amazon, while the job cut is more likely to happen across engineering and other departments, said media reports.
Nov 16, 2022, 13:15 PM IST
DNA: Why are big companies laying off employees?
According to a New York Times report, the biggest e-commerce company Amazon is about to lay off employees on a large scale. In the name of cost cutting, they are preparing to fire about 11,000 employees. This will be the biggest layoff ever in Amazon's history.
Nov 15, 2022, 23:36 PM IST
11,000 employees fired by Mark Zuckerberg's Meta -- Know how it has impacted India team
In one of the worst lay-offs ever in the tech industry after Twitter - which saw 90 per cent of India team being sacked - Meta Founder and CEO Mark Zuckerberg fired about 13 per cent of the global workforce and extended hiring freeze through Q1 2023.
Nov 10, 2022, 08:18 AM IST
Mark Zuckerberg led Meta begins MASSIVE lay off from today, largest of year to date in tech sector
The company is expected to cut thousands of employees beginning Wednesday, and this will likely be the largest of the year to date in the tech sector, the Wall Street Journal reported, citing people in the know about the matter.
Nov 09, 2022, 12:29 PM IST
B2B unicorn Udaan fires around 350 employees on account of role redundancies
As a responsible organisation, we are working towards providing all requisite support to the impacted employees, said Udaan.
Nov 04, 2022, 21:29 PM IST
Elon Musk's job cut hits Twitter India, unaffected employees living in constant fear
Some of the employees who lost their jobs at Twitter India and did not wish to be named told IANS that when they logged in to their systems from home (Twitter is still in the work-from-home mode) on Friday, they were denied access.
Nov 04, 2022, 16:12 PM IST
Digital payments firm Stripe lays off 14% of workforce
The payment processor cited "stubborn inflation, energy shocks, higher interest rates, reduced investment budgets, and sparser startup funding" as reasons for its decision.
Nov 04, 2022, 10:17 AM IST
Softbank-backed health unicorn Cerebral laying off 400 people
A memo from its CEO, David Mou said the cuts would affect employees across the company, including at headquarters and among clinical care staff and support workers.
Oct 25, 2022, 11:48 AM IST
Philips to cut 4,000 jobs as company faces multiple challenges: CEO
The company reported a net loss of 1.33 billion euros ($1.31 billion) compared with a year-ago profit of 2.97 billion euros.
Oct 24, 2022, 16:31 PM IST
50% of companies planning job cuts amid economic downturn: Report
According to the latest PwC 'Pulse: Managing business risks in 2022' survey in the US, 50 per cent of respondents are reducing their overall headcount, even as business leaders remain concerned about hiring and retaining talent.
Aug 19, 2022, 14:02 PM IST
