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Over 80,000 tech employees lost jobs globally in first four months this year in 279 firms: Report

Over 80,000 tech employees lost jobs globally in first four months this year in 279 firms: Report

Sat, May 04, 2024

More than 80,000 employees in the technology sector have lost jobs in the first four months this year, and layoffs continue to haunt the overall startup ecosystem globally.

Sony to lay off 900 PlayStation employees, shut London studio

Sony to lay off 900 PlayStation employees, shut London studio

Wed, Feb 28, 2024

Sony layoffs 2024 news: Japan's Sony, is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump.

EV maker Rivian to lay off 10% of staff to cut costs

EV maker Rivian to lay off 10% of staff to cut costs

Thu, Feb 22, 2024

The Q4 financial report has shown that despite producing and delivering twice as many EVs in 2023 as compared to 2022, the company still incurred a loss of $5.4 billion for the year.

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Paramount Global to cut 800 jobs as it looks to trim costs

Paramount Global to cut 800 jobs as it looks to trim costs

Wed, Feb 14, 2024

While the CEO did not mention the exact number of workers who will be let go, CNN, citing sources, reported that about 800 employees, or roughly three per cent of the company's workforce, will be affected.

Autonomous vehicle tech firm Aurora lays off 3% of workforce

Autonomous vehicle tech firm Aurora lays off 3% of workforce

Thu, Jan 25, 2024

The layoffs come as Aurora is planning to deploy self-driving trucks that can navigate US highways without a human driver.

Google lays off hundreds in Assistant, hardware, engineering teams

Google lays off hundreds in Assistant, hardware, engineering teams

Thu, Jan 11, 2024

The spokesperson did not specify the number of roles being impacted. It is not immediately clear how many people are part of the Google Assistant software and other teams.

Duolingo lays off 10% of contract translators as firm relies more on AI: Report

Duolingo lays off 10% of contract translators as firm relies more on AI: Report

Tue, Jan 09, 2024

Duolingo stated that in some cases, the contractor's work has been completed, while in others, the work is being aided by AI, reports Pittsburgh Post-Gazette.

Chip giant Intel to lay off 235 employees in 5th job cut round this year

Chip giant Intel to lay off 235 employees in 5th job cut round this year

Wed, Dec 20, 2023

The layoffs are scheduled to begin on December 31 and take place over two weeks.

Zebra Technologies to lay off 700 employees amid slowdown in sales

Zebra Technologies to lay off 700 employees amid slowdown in sales

Wed, Aug 30, 2023

Our disciplined approach has enabled our long history of success, preparing us to succeed in challenging times,” the company said in a statement.

Meta global layoffs hits India, top executives among those asked to go

Meta global layoffs hits India, top executives among those asked to go

Fri, May 26, 2023

Meta on Wednesday conducted a fresh round of layoffs that was set to impact about 6,000 employees globally.

Meta conducts another layoff round, 6K jobs to be axed

Meta conducts another layoff round, 6K jobs to be axed

Thu, May 25, 2023

Meta is also no longer listing new remote positions, as managers have reportedly been forbidden from posting new listings with a remote-work option.

Audio streaming platform SoundCloud sacks 8% of workforce

Audio streaming platform SoundCloud sacks 8% of workforce

Wed, May 24, 2023

The company also said it would seek further investors for the audio streaming service.

Layoff 2023: Paramount Media Networks slashes 25% jobs, to shut down MTV News

Layoff 2023: Paramount Media Networks slashes 25% jobs, to shut down MTV News

Wed, May 10, 2023

Layoff 2023: Paramount Media Networks laying off 25 per cent of its workforce, along with shutting down MTV News, because of pressure from broader headwinds like many of our peersa.

Startups in India bringing down unemployment rate

Startups in India bringing down unemployment rate

Wed, Apr 19, 2023

"Currently, around 10,000 startups are being supported by us, and these entities have been instrumental in creating thousands of direct and indirect jobs. In the long run, they are going to create a very large volume of jobs," said Software Technology Park of India Director General Arvind Kumar.

Share layoff data, extend 60-day grace period for H-1B holders: Lawmakers to USCIS

Share layoff data, extend 60-day grace period for H-1B holders: Lawmakers to USCIS

Thu, Apr 13, 2023

With a bevy of employees laid off across tech giants including Microsoft, Google, Meta, in the past couple of months, the H-1B visa holders have been left in limbo with a mere 60-day grace period to find another job, or leave the country.

Microsoft lays off 559 employees as Seattle-area job cuts top 2,700

Microsoft lays off 559 employees as Seattle-area job cuts top 2,700

Tue, Mar 28, 2023

Reports said that hundreds of employees faced cuts in security roles under Charlie Bell, a former Amazon Web Services executive who joined Microsoft in 2021. A Microsoft spokesperson said the latest layoffs "are part of the effort to align our cost structure with our revenue that was announced in January".

Accenture to lay off 19,000 employees amid challenging global economic conditions

Accenture to lay off 19,000 employees amid challenging global economic conditions

Thu, Mar 23, 2023

What is interesting these job cuts have come on the heels of Accenture's second-quarter FY23 results, which show that the company's bookings and revenues increased during the quarter. However, the company has reduced its annual profits forecasts and revenue growth

Citigroup layoffs 2023: Wall Street giant cuts hundreds of jobs

Citigroup layoffs 2023: Wall Street giant cuts hundreds of jobs

Fri, Mar 03, 2023

Citigroup layoffs 2023: Citigroup is cutting hundreds of jobs across the company, with the Wall Street giants investment banking division among those affected.

Thoughtworks layoffs 2023: Software firm sacks nearly 500 employees

Thoughtworks layoffs 2023: Software firm sacks nearly 500 employees

Thu, Mar 02, 2023

Nasdaq-listed Thoughtworks has more than 12,500 employees across 18 countries. The company also has a strong presence in India.

General Motors lays off 500 workers to cut costs

General Motors lays off 500 workers to cut costs

Thu, Mar 02, 2023

The timing of the job cuts seems odd as it roughly comes a month after GM CEO Mary Barra and CFO Paul Jacobson told investors that the company was not planning any layoffs.

Elon Musk dethrones Bernard Arnault to reclaim 'World's Richest Person' title

Elon Musk dethrones Bernard Arnault to reclaim 'World's Richest Person' title

Tue, Feb 28, 2023

Bloomberg Billionaires Index places Tesla co-founder at top of rich list after the electric car maker's stock rise over 70% in 2023.

Ericsson to lay off 8,500 employees globally to cut costs

Ericsson to lay off 8,500 employees globally to cut costs

Fri, Feb 24, 2023

The company said in a statement earlier this week that the company intended to conduct the job cut process through a voluntary programme after closing negotiations with employee unions, Barron`s had reported.

HP Inc layoffs 2023: PC, printer major announces to cut jobs in Israel

HP Inc layoffs 2023: PC, printer major announces to cut jobs in Israel

Mon, Feb 20, 2023

The company in November last year announced it will lay off nearly 4,000-6,000 employees by the end of 2025, which is between 7-11 per cent of its workforce.

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