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Deutsche Bank, Germanys largest financial institution, has announced plans to eliminate ,...
German industrial giant Siemens has announced plans to cut over , jobs globally, citing weak dem...
Bengaluru, often referred to as the Silicon Valley of India, is grappling with one of ...
Morgan Stanley plans to cut around 2,000 jobs this month, following similar moves by Goldman Sachs, JPMorgan, and Bank of America. Despite posting strong profits in late 2024, Morgan Stanley the bank is reducing its workforce by 2-3%, according to Bloomberg. The cuts will not affect financial advisers. The Wave of Job Cuts on Wall […]
To streamline operations and enhance efficiency, Amazon is set to lay off 14,000 managerial employees by early 2025. This decision, part of the company’s broader cost-cutting strategy, aims to save between $2.1 billion and $3.6 billion annually. The layoffs represent a 13% reduction in Amazon’s global management workforce, reducing the number of managers from 105,770 […]
Big Four accounting firms—Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG—are grappling with significant workforce challenges as fears of job cuts loom large. These concerns have been fueled by a combination of economic uncertainties, evolving client demands, and a slowdown in the consulting market. Employees across various levels, from associates to senior consultants, are […]
JioStar, the newly formed joint venture between Reliance Industries’ Viacom18 and Disney’s Star India, has announced plans to cut 600 jobs as part of its post-merger workforce restructuring. This move comes in the wake of the merger, which created India’s largest media and entertainment company, valued at ₹70,352 crore. The layoffs aim to streamline operations, […]
Flipkart, the Walmart-owned e-commerce giant, has decided to shut down its subsidiary, ANS Commerce, and lay off its entire workforce. This decision comes three years after Flipkart acquired the Gurugram-based company in 2022. ANS Commerce, a full-stack e-commerce enabler, provided a range of support services, including marketing tools, warehousing, and store technology, to businesses looking […]
Ola Electric, the Bengaluru-based electric vehicle (EV) manufacturing startup, has announced a significant round of layoffs, affecting over 1,000 employees and contract workers. The layoffs come amid mounting financial challenges and increased competition in the EV market. The layoffs have had a significant impact on Ola Electric’s workforce. The workforce stood at approximately 4,000 employees […]
February 2025 witnessed a significant surge in layoffs within the tech industry, with major players like Meta, HP, and Salesforce leading the charge. This wave of job cuts has raised questions about the underlying reasons behind these decisions and the broader implications for the tech sector. In this detailed report, we will explore the factors […]
Google, one of the world’s leading technology giants, has recently announced significant workforce reductions in its Human Resources (HR) and Cloud divisions. Fiona Cicconi, the company’s HR head, is at the forefront of overseeing these workforce cuts. These cuts have sparked discussions about the future of Google’s workforce management and its commitment to technological advancements. […]
Meta, the parent company of Facebook, Instagram, and WhatsApp, has recently dismissed approximately 20 employees for leaking confidential information. The decision to terminate these employees follows a series of leaks that have revealed details from private meetings and undisclosed product plans, causing significant concern within the company. The issue of leaks has been a persistent […]
In recent weeks, Infosys, one of India’s leading IT services companies, has faced significant scrutiny and criticism following the layoffs of hundreds of trainees at its Mysuru campus. The layoffs have sparked outrage among employees and labor unions. This has led to investigations by the Karnataka Labour Department and the Union Ministry of Labour and […]
Union Labour Ministry has once again intervened in the ongoing dispute between Infosys and the Nascent Information Technology Employees Senate (NITES) over the recent layoffs of trainees at Infosys’ Mysuru campus. The intervention comes after NITES raised fresh claims against the IT giant, alleging unfair termination practices. Infosys, however, has dismissed these allegations, maintaining that […]
Ernst & Young (EY) has announced plans to cut approximately 100 jobs as part of a targeted restructuring effort. This decision comes amid a broader trend of workforce adjustments within the professional services industry, driven by declining demand for consulting and advisory services. The announcement has raised concerns among employees and industry observers about the […]
