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An American multinational financial technology company, PayPal has announced to sack of its workf...
As per the reports of the ET, Indias IT services provider company, Wipro to sack hundreds of mid-le...
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As per media reports, Walmart-owned, Flipkart to sack around 5 percent of its total workforce, which constitutes about 1,000 employees, as part of its annual performance review exercise. Media reports also suggest that the company undertakes these performance-based job cuts every year and these fresh layoffs are just a regular process. Recently, Kalyan Krishnamurthy, CEO […]
According to a Wall Street Journal report, the San Francisco cloud computing software company Salesforce is laying off 700 employees across the company in the latest round of layoffs to hit the tech industry. This round of layoff impacted 1% of its workforce as the company has a total headcount of roughly 70,000 employees. Last year […]
Unlike other tech companies, an American multinational e-commerce company, eBay has announced a reduction of 9% or approximately 1,000 roles. While announcing the layoffs the company said, “Despite facing external pressures, like the challenging macroeconomic environment, we know we can be better with the factors we control.” “While we are making progress against our strategy, our […]
A German multinational software company, SAP has announced its restructuring plan for 2024 that will impact 8000 jobs, 7.4% of SAP’s total workforce. SAP will implement a company-wide transformation program including restructuring for 2024. In addition, the company is updating its ambition for 2025. In 2024, SAP will further increase its focus on key strategic growth […]
After Meta and Google, The three leading companies Amazon, Bosch, and Tata Steel collectively may lay off over 4000 employees. Amazon announces job cuts in Buy with Prime division E-commerce giant Amazon is reportedly laying off about 5 percent of its employees at its Buy with Prime unit. This will impact nearly 30 employees of […]
An American online video-sharing and social media platform, YouTube has sacked hundreds of employees as part of the restructuring process. A Google spokesperson said, “As we’ve said, we’re responsibly investing in our company’s biggest priorities and the significant opportunities ahead.” “To best position us for these opportunities, throughout the second half of 2023, a number of […]
An American multinational technology company, Google has recently sacked an employee after 19 years of service. The former Google employee Kevin Bourrillion took the layoff to social media platform X (formally Twitter) confirming that he was sacked by the company. Kevin Bourrillion’s post said on the X, “End of an era! After 19 years of […]
An American multinational investment bank and financial services corporation, Citigroup Inc. has reported a net loss for the fourth quarter of 2023 of $(1.8) billion, or $(1.16) per diluted share, on revenues of $17.4 billion. This compares to net income of $2.5 billion, or $1.16 per diluted share, on revenues of $18.0 billion for the fourth […]
Meta, the parent company of Facebook has reportedly sacked 60 employees particularly those in Technical Program Manager (TPM) roles. However, Meta has not officially commented on the layoffs. The company has reported sacked employees in TPM roles that have impacted 60 employees in the company. Earlier, the tech company had previously cut 11,000 jobs at […]
According to Reuters, an American multinational technology company, Google said on Wednesday that the company is laying off hundreds of employees working in Assistant, hardware, and engineering teams. A spokesperson told Reuters in a statement, “Throughout second-half of 2023, a number of our teams made changes to become more efficient and work better, and to […]
As 2024 has started the companies have started laying off employees. Recently, as per various media reports, BlackRock will sack nearly 600 employees, or 3% of its global workforce. Chief Executive Officer Larry Fink and President Rob Kapito said, “We see our industry changing faster than at any time since the founding of BlackRock.” “And, […]
According to TOI report, the e-commerce platform, Flipkart will sack 5-7% workforce based on a performance review that will be completed by March-April. Flipkart, excluding its fashion portal Myntra, currently employs 22,000 employees. The reports also suggested that this is not the first time Flipkart has sacked employees due to annual performance the company has been […]
