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In a significant development, Infosys, one of Indias leading IT services companies, has witnessed r...
Five, a San Ramon-based contact center products vendor, has recently announced workforce reduction....
The tech industry, which faced a significant shake-up with mass layoffs at the start of , has co...
In a surprising development, Reliance Industries Limited (RIL), one of India’s largest conglomerates, has downsized its workforce significantly. The reduction affects various divisions within the company, with the retail segment being hit particularly hard. Here are the key details: Magnitude of Job Cuts at Reliance Industries RIL’s employee count dropped from 3.89 lakh in the […]
According to Bloomberg report, Intel plans to cut thousands of jobs to recover from recent earnings declines and market share losses. The tech firm, employing about 110,000 people (excluding spun-off units), is expected to announce the layoffs this week as part of a cost-cutting strategy, according to sources. The company is facing market headwinds and […]
Deutsche Bahn, the German railway operator, is set to reduce its workforce by 30,000 positions over the next five years. This includes an immediate cut of 1,500 jobs this year. The decision comes in response to severe financial losses, with the company reporting a €1.2 billion net loss for the first half of the year. […]
Chennai-based agri-tech startup WayCool Foods has recently made headlines with its third round of layoffs within a year. The company, facing financial challenges, has let go of over 200 employees across various departments. This move comes as WayCool strives to streamline operations and mitigate mounting losses amid ongoing funding constraints. The Layoffs: A Necessary Measure WayCool’s latest round of […]
PricewaterhouseCoopers (PwC), a global professional services firm, is facing a critical decision in its China operations. Sources reveal that PwC is considering slashing up to half of its financial services auditing staff in mainland China. This move comes amidst regulatory scrutiny and an exodus of clients, casting a shadow over the firm’s business prospects. Chinese […]
In a surprising move, Microsoft recently laid off an internal team focused on diversity, equity, and inclusion (DEI). The decision has sparked debate and raised questions about the company’s commitment to its DEI efforts. Like many tech giants, Microsoft made public commitments to improve diversity and inclusion following the 2020 murder of George Floyd and […]
Salesforce, the renowned software giant, has recently announced a second round of layoffs, affecting approximately 300 employees. This move comes as part of the company’s ongoing efforts to streamline operations and manage costs. Previous Layoffs by Salesforce In January 2024, Salesforce eliminated 700 roles, constituting about 1% of its workforce. Those cuts were distributed across various […]
PricewaterhouseCoopers LLP (PwC), a global accounting firm, is facing a seismic shift in its China operations resulting in mass layoffs. The exodus of corporate clients has dealt a blow to the firm’s revenue prospects, prompting a tough decision, i.e., PwC mass layoffs. At least 100 staffers across different teams in PwC China’s offices are now being shown […]
According to MonyControl, Regional Labour Commissioner of Bengaluru has summoned One97 Communication, the parent firm of Paytm, regarding allegations of forced employee terminations. This development follows several complaints filed by employees last month June, with the Ministry of Labour and Employment, accusing the company of violating laws and forcing terminations without pay. The complaint alleged […]
An Indian private sector bank, Yes Bank has undertaken an internal restructuring that has resulted in the layoff of 500 employees, with additional layoffs expected in the coming weeks, according to The Economic Times. The layoffs have affected staff across multiple departments, including wholesale and retail, with the branch banking segment experiencing the most significant […]
The year 2024 has been a turbulent period for the IT and Tech sector, with nearly 100,000 employees losing their jobs globally. According to Layoffs.fyi, 337 tech companies have laid off 98,834 employees in this year 2024. This significant reduction in the workforce highlights the ongoing challenges faced by the industry amidst economic uncertainties and shifting market […]
According to Moneycontrol, several employees of the fintech platform Paytm have filed a complaint to the Ministry of Labour and Employment. The complaint alleges that these employees were unlawfully terminated from their positions without being provided with any compensation. The report shows the serious nature of these allegations, bringing attention to potential issues within the […]
