UK Fell Into Recession At The End Of 2023 As Output Shrank More Than Expected In The Fourth Quarter
The Office for National Statistics estimated that economic activity, as measured by gross domestic product, declined by 0.3% in the fourth quarter of the year from the previous three-month period, with all three main sectors — services, industrial production and construction — down.
Feb 15, 2024, 15:00 PM IST
Vodafone To Cut 11,000 Jobs Over Next 3 Years, Sees Big Drop In Cash Flow
Vodafone has recently cut jobs in several of its big markets, shedding 1,000 in Italy earlier this year and a media report said it was looking to cut around 1,300 in Germany.
May 16, 2023, 12:36 PM IST
LinkedIn Lays Off Around 700 Employees Globally, Shuts InCareer App In China
The LinkedIn revenue increased 8 per cent in the March quarter for the tech giant. In 2016, Microsoft acquired LinkedIn for more than $26 billion.
May 09, 2023, 12:37 PM IST
ECB Hikes Interest Rates By 25 Bps In Fight Against Inflation
In light of the ongoing high inflation pressures, the Governing Council of the European Central Bank (ECB) decided to raise the key interest rates by 25 basis points (100 basis points makes 1 percentage points).
May 05, 2023, 12:45 PM IST
IT Giant Cognizant To Lay Off 3,500 Employees, Or 1% Workforce Globally
Cognizant reported a 3 per cent (year-on-year) rise in its net profit to $580 million in the March quarter of FY23. The company reported revenue of $4.8 billion, which declined 0.3 per cent year-over-year, in Q1 2023.
May 04, 2023, 13:42 PM IST
Telecom Equipment Maker Ericsson Plans To Lay Off 8,500 Employees Globally: Report
The company said in December it would cut costs by 9 billion crowns ($880 million) by the end of 2023 as demand slows in some markets, including North America.Ericsson to lay off 8,500 employees
Feb 24, 2023, 20:15 PM IST
Meta Plans for a Fresh Round of Layoffs; Delays Setting Team Budget: Report
Instagram and WhatsApp parent Meta had cut more than 11,000 jobs or 13% of its workforce in November across many divisions amid cost-cutting.
Feb 12, 2023, 08:09 AM IST
Dutch Tech Giant Philips to Cut 6000 Jobs, 13% Workforce Globally After Falling Profits
Dutch tech giant Philips has annonced its plans to cut almost 6000 jobs, or 13% workforce worldwide in order to make the company profitable again.
Jan 31, 2023, 12:30 PM IST
Top Layoffs of 2022-23: From Microsoft, Amazon, Google to Ford BIG Companies that Announced Job Cuts- Check List Here
In 2022-23, many of the major businesses in the globe fired thousands of workers all at once, scroll down to check the list of top companies that announced mass layoffs.
Jan 26, 2023, 17:01 PM IST
Which BIG Companies Lay Off their Employees in the First Month of 2023? Check the LIST
Big tech companies like Amazon, Google, Microsoft, more have laid off their employees in January 2023 amid the fear of possible recession and to cut costs and restructure business in order to guide them toward profit making.
Jan 26, 2023, 16:52 PM IST
Software Giant SAP Announces to Cut 3000 Jobs, 2.5% of its Global Workforce in Coming Days
SAP SE is a European multinational software company based in Walldorf, Baden-Württemberg, Germany. It develops enterprise software to manage business operations and customer relations.
Jan 26, 2023, 15:38 PM IST
‘Not Knowing the reason hit hard…’: Software Engineer Pens Down a Heart-Wrenching Post After Being Laid off by Spotify in Latest Lay offs
Joining the other tech companies like Google, Microsoft, music-streaming giant Spotify has announced to trim off 6% of its staff amid fear of probable recession.
Jan 26, 2023, 12:54 PM IST
IBM to Lay Off 3,900 Employees; Bets Big on Hybrid Cloud, AI
US-based IBM has announced to lay off 3,900 employees, including in IT Infrastructure services and part of AI Unit called 'Watson Health'. IBM joins a slew of tech companies such as Meta, Alphabet, Microsoft and others in laying off thousands of employees amid the global economic headwinds.
Jan 26, 2023, 11:06 AM IST
Every One in Four Indians Surveyed Concerned About Threat of Job Layoff: Survey
Over 58,000 employees with 190 companies have lost thier jobs in the first 25 days of Jaunary, marking a stressful start of 2023.
Jan 25, 2023, 16:57 PM IST
The Washington Post Lays off 20 Newsroom Staff, Shuts Gaming Division
US-based newspaper giant Washington Post has announced to lay off its employees in the coming days starting with 20 newsroom jobs and shutting down its gaming section.
Jan 25, 2023, 12:28 PM IST
'The companies come and go; The people are what really matter': Laid off Google employee's inspiring post goes viral
Ex-Google employee Scott Laird was laid off by Google on Friday after working there for 17 years. Instead of getting low and unmotivated after a long stint, he wrote a beautiful and inspiring post in which he mentioned to offer help to anyone who wants in resume reviewing and swapping interveiw, etc.
Jan 22, 2023, 16:48 PM IST
‘When companies don't value loyalty, why should the employees be loyal?’; Linkedin post stirs debate amid mass lay offs
Linkedin is being flooded with heart-wrenching posts of long-serving employees who being laid off telling about apathy and mockery of these companies. A viral Linkedin post has questioned the objective of loyalty if the companies don't respect it.
Jan 22, 2023, 14:07 PM IST
Over 50,000 employees laid off by 153 companies globally in 2023 so far as Google joined the league
Alphabet and Google CEO Sundar Pichai announced in an email sent to affected employees to lay off 12,000 employees globally. It joins the league of other companies like Microsoft, Salesforce, Vimeo to fire their employees in 2023 till now.
Jan 20, 2023, 21:02 PM IST
Google to lay off 12,000 employees amid tough days: CEO Sundar Pichai
Google has announced to lay off its 12,000 employees.
Jan 20, 2023, 16:18 PM IST
Swiggy lays off its 380 employees after town hall meeting, says 'extremely difficult decision'
Swiggy CEO said the company is committed to exploring new business opportunities but has also taken harder look at some of its existing new verticals.
Jan 20, 2023, 13:33 PM IST
