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Layoffs

Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

Sat, Oct 12, 2024

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company's best-selling airline planes.

Samsung to cut thousand of jobs as AI Competition Heats Up | Tech Layoffs 2024

Samsung to cut thousand of jobs as AI Competition Heats Up | Tech Layoffs 2024

Thu, Oct 03, 2024

Samsung is laying off workers in Southeast Asia, Australia and New Zealand as the company is reducing global headcount by thousands of jobs, Bloomberg reported citing people in the know. The layoffs could affect about 10% of the workforces in those markets and the numbers for each subsidiary may vary, the report added. Job cuts are planned for other overseas subsidiaries and could reach 10% in certain markets, it claimed.

Aakash Layoffs: Edtech Firm Fires About 100 Employees, says introducing new business models

Aakash Layoffs: Edtech Firm Fires About 100 Employees, says introducing new business models

Thu, Sep 19, 2024

Byju’s-owned Aakash Educational Services Limited (AESL) has laid off 80 to 100 employees over the past couple of months, according to sources familiar with the matter.

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Unacademy CEO denies rumours of merger, acquisition

Unacademy CEO denies rumours of merger, acquisition

Wed, Jul 03, 2024

"There is a lot being said about Unacademy currently," Munjal wrote in a post on X.

Layoffs hit Chennai-based SaaS company, which once gifted BMW to employees; almost 15% workforce affected

Layoffs hit Chennai-based SaaS company, which once gifted BMW to employees; almost 15% workforce affected

Tue, Jun 11, 2024

Kissflow, which boasted a workforce of around 400 employees, now anticipates a reduction to approximately 350 personnel following the layoffs, know more.

Paytm lays off employees as part of restructuring, facilitates outplacement support

Paytm lays off employees as part of restructuring, facilitates outplacement support

Mon, Jun 10, 2024

Paytm layoffs news 2024, Paytm job cuts: Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.

Elon Musk lays off entire Tesla charging network team

Elon Musk lays off entire Tesla charging network team

Wed, May 01, 2024

Tesla's Supercharger network has the connector technology known as the North American Charging Standard (NACS), which is being adopted by major automakers.

Alibaba's South Asian e-commerce giant Daraz announces layoffs in memo

Alibaba's South Asian e-commerce giant Daraz announces layoffs in memo

Tue, Feb 27, 2024

Daraz declined to comment on the percentage or absolute number of employees impacted across its operations in Pakistan, Bangladesh, Nepal, Sri Lanka and Myanmar.

Layoff 2024: Car-sharing firm Getaround cuts 30% of jobs as part of restructuring

Layoff 2024: Car-sharing firm Getaround cuts 30% of jobs as part of restructuring

Fri, Feb 09, 2024

In a message to employees, Getaround founder and CEO Sam Zaid said that the decision to lay off workers is part of the company's plan to better meet the global nature of the carsharing business.

Spate of job cuts continues unabated at Big Tech, media firms

Spate of job cuts continues unabated at Big Tech, media firms

Tue, Feb 06, 2024

Layoffs news: Big Tech and media companies in the United States continue to announce fresh job cuts, a sign that the spate of layoffs seen in 2023 could persist as firms grapple with economic uncertainty.

PayPal laying off about 2,500 employees to 'right-size' the company

PayPal laying off about 2,500 employees to 'right-size' the company

Wed, Jan 31, 2024

PayPal Layoffs News: The decision is to “right-size” the company via direct job cuts and the elimination of open roles.

Salesforce joins big tech layoffs, to cut 700 jobs: Report

Salesforce joins big tech layoffs, to cut 700 jobs: Report

Fri, Jan 26, 2024

The layoffs comprise around 1 per cent of the roughly 70,000-person company that makes cloud-based customer relationship management software.

Paytm bets big on Al, saves on employee costs to drive efficiency

Paytm bets big on Al, saves on employee costs to drive efficiency

Mon, Dec 25, 2023

The company which introduced India to mobile payments, is building an India-scale Al system that will help various financial institutes in capturing possible risks and frauds, while also protecting them from new kinds of risks due to advancement in Al.

E-commerce & fintech firm Bolt lays off 29% of staff

E-commerce & fintech firm Bolt lays off 29% of staff

Fri, Dec 15, 2023

"We made the difficult but important decision to reduce layers and roles across the company -- setting ourselves up with the speed and agility required for the next phase of our business," the company was quoted as saying.

Twilio to cut about 5% of total workforce

Twilio to cut about 5% of total workforce

Tue, Dec 05, 2023

Twilio layoffs news: The company expects to incur about $25 million to $35 million associated with the restructuring in the last three months of 2023.

Delta lays off some corporate workers to cut costs

Delta lays off some corporate workers to cut costs

Thu, Nov 02, 2023

"While we're not yet back to full capacity, now is the time to make adjustments to programs, budgets and organizational structures across Delta to meet our stated goals," the company told Reuters in an emailed statement.

Indian origin CEO-run fintech startup Synapse lays off 86 employees

Indian origin CEO-run fintech startup Synapse lays off 86 employees

Sat, Oct 07, 2023

The startup was founded in 2014 by Bryan Keltner and Pathak, with an eye toward offering a viable alternative to legacy banking systems, while providing operational simplicity, efficiency and ease of integration to perform virtually any banking interaction.

India360: Were 5.2 crore new jobs created in the last 4 years?

India360: Were 5.2 crore new jobs created in the last 4 years?

Wed, Sep 13, 2023

Jobs Vacancies: 5.2 crore formal jobs have been created in the last four years. 47 percent of these people got a job for the first time

Streaming company Roku lays off over 300 employees in 2nd job cut this year

Streaming company Roku lays off over 300 employees in 2nd job cut this year

Wed, Sep 06, 2023

In a filing with the US Securities and Exchange Commission (SEC), Roku said it is determined to implement additional measures to continue to bring down its year-over-year operating expense growth rate by “slowing its year-over-year headcount expense growth rate through a workforce reduction and limiting new hires, among other measures”.

Tech companies laid off 226,000 employees to date, 40% more than in 2022

Tech companies laid off 226,000 employees to date, 40% more than in 2022

Tue, Aug 15, 2023

Tech companies have laid off 226,000 employees so far this year, almost 40 per cent more than in 2022, a report showed on Tuesday. Although the tech industry has seen a shocking number of job cuts last year, 2023 has been much worse.

Funding winter looms large over startup sector; triggers layoffs

Funding winter looms large over startup sector; triggers layoffs

Wed, Aug 09, 2023

According to PricewaterhouseCoopers India, startup funding in the country fell from $18.3 billion to $3.8 billion in 2023. Statistics show that in the first six months of this year, as many as 17,000 employees have been handed pink slips by start-up founders.

US cybersecurity company Rapid7 to lay off 470 employees

US cybersecurity company Rapid7 to lay off 470 employees

Wed, Aug 09, 2023

Cybersecurity company Rapid7 is laying off around 470 employees, or 18 per cent of its workforce.

As Bengaluru-based startup Dukaan replaces 90% of its employees with AI, which are the jobs most vulnerable to AI in next 5 years?

As Bengaluru-based startup Dukaan replaces 90% of its employees with AI, which are the jobs most vulnerable to AI in next 5 years?

Wed, Jul 12, 2023

Citing better efficiency, quick results, and cost-cutting as major advantages offered by AI, the CEO of Dukaan, Suumit Shah, justified his action of replacing 90% of the support team with an AI chatbot. However, the decision of the e-commerce startup has drawn sharp reactions on Twitter and stirred a debate over AI threat to jobs.

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