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
Binance To Sack Over 100 Employees, Ousts CEO Amid Fresh Layoff Round
Binance's Brian Shroder will be replaced by general counsel Norman Reed, who joined the company in December 2021, on an interim basis.
Sep 13, 2023, 09:50 AM IST
MS Dhoni, Kunal Shah Backed Digital Lending Platform Khatabook Lays Off Over 40 Employees
People, who lost their jobs in the exercise, have been given standard severance packages, including three-months salary, among others, the report said, citing people aware of the matter.
Sep 05, 2023, 11:47 AM IST
Chingari Fires Up To 50% Of Workforce In 2nd Job Cut Round In 2 Months
The latest round of layoffs impacted employees from product, customer support, design and marketing teams, reports leading startup news coverage portal Inc42, citing sources.
Aug 25, 2023, 13:12 PM IST
Mark Zuckerberg, Wife Priscilla Chan Lay Off 48 Employees From Their Philanthropic Organisation
The impacted employees were offered a severance package which includes 16 weeks of base pay, continued health insurance and a $10,000 stipend, according to a report in The 74, a nonprofit news site co-founded by Meta’s vice president of media partnerships, Campbell Brown.
Aug 11, 2023, 12:38 PM IST
Homegrown Gaming Platform MPL Lays Off 50% Of Workforce Amid 28% GST Regime
MPL has Peak XV, Times Internet, MSA Novo, Crown Capital, Composite Capital and Moore Strategic Ventures among its investors.
Aug 09, 2023, 07:22 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
Bad News For Infosys Employees! Company Defers Pay Hikes
Employees are hoping that they will get a good news from the company before or on the day Infosys announces its first quarter results of the financial year 2023-2024 on July 20.
Jul 12, 2023, 13:21 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
Evernote Lays Off Most Of Its Employees, Moves Operations To Europe
Evernote became one of the first popular note-taking apps when it was launched in 2008.
Jul 10, 2023, 10:33 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
THIS Company Giving 9 Days Of Paid Leave To Employees Just To Rest And Recharge
Californian firm HackerRank announcing its company decision to give paid time off to its employees during the first week of July, i.e from 1st July to 9th July.
Jul 07, 2023, 10:29 AM IST
Google's Mental Health & Wellbeing Manager Loses Job After 10 Years Of Service
On January 20, Google CEO Sundar Pichai had confirmed in a letter to employees that about 12,000 people will be laid off globally, accounting for more than 6 per cent of the total workforce.
Jul 05, 2023, 08:34 AM IST
This 135-Year Old Magazine Lays Off Last 19 Staff Writers
The company said its future editorial work will be done by freelance writers and the few editors remaining on staff.
Jun 30, 2023, 08:51 AM IST
Uber Lays Off 200 Employees In Recruitment Division To Cut Costs
The company slashed 150 jobs in its freight services division earlier this year.
Jun 22, 2023, 11:10 AM IST
Ride-Hailing & Food Delivery App Grab Slashes 1,000 Jobs
According to Grab CEO Anthony Tan, the move is to manage costs and remain competitive in a challenging business environment, reports Nikkei Asia.
Jun 21, 2023, 10:03 AM IST
Online Marketplace OLX Group Slashes 800 Jobs Globally
In January, OLX Group confirmed plans to slash 15 per cent of its workforce, or more than 1,500 employees, globally including in India as part of restructuring amid the global meltdown and recession fears.
Jun 21, 2023, 08:33 AM IST
Short Video App Chingari Lays Off 20% Of Workforce Amid Restructuring
The layoffs at Chingari, one of the leading Indian short video apps, came as its cofounder Aditya Kothari recently quit the startup.
Jun 20, 2023, 11:26 AM IST
JP Morgan Chase To Lay Off 500 Employees: Report
The bank has more than 13,000 total job openings and employs nearly 300,000 people.
May 28, 2023, 12:26 PM IST
Alibaba To Make Significant Job Cuts Amid IPO Plans
In March, Alibaba Group planned to split into six business groups and launch separate public listings, triggering mass layoff, according to a Nikkei Asia report.
May 24, 2023, 12:02 PM IST
