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PricewaterhouseCoopers PwC, a global professional services firm, is facing a critical decision in ...
In a surprising move, Microsoft recently laid off an internal team focused on diversity, equity, and...
Salesforce, the renowned software giant, has recently announced a second round of layoffs, affecting...
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 […]
An intern recounted her experience of being terminated from an internship shortly after relocating from Pune to Mumbai. She revealed that her dismissal occurred following a period of sick leave. Sharing the incident she took to LinkedIn explaining the incident, “I have been on the receiving end of toxic work culture during my one-month internship […]
One97 Communications, the parent company of Paytm, is implementing layoffs of an undisclosed number of employees as part of its restructuring efforts. This move aims to improve cost efficiency and streamline operations. The company has also committed to providing outplacement support to help the affected employees transition to new job opportunities. However, One97 Communications Limited […]
According to Money Control, Kissflow has reduced its workforce by approximately 15 percent, affecting around 45-50 employees. This downsizing spans across various departments, including sales, marketing, and product development. The layoffs were a consequence of the recent shutdown of certain products. Additionally, the decision followed the company’s annual performance reviews, which likely influenced the evaluation […]
In a recent Reddit post, an employee shared his emotions following his company’s mass layoff of 80% of his team. He expressed his emotions and lamented the lack of communication and closure, noting how his colleagues, already grappling with personal difficulties, were impacted by the sudden upheaval without warning or support. Sharing his views and […]
According to several media reports the top two leading IT firms Google and Microsoft lay off hundreds of roles. Google, led by Sundar Pichai laid off around 100 employees in its cloud unit last week. These cuts impacted sales, consulting, marketing, operations, and engineering departments, according to a CNBC report. A Google spokesperson said that […]
According to Economic Times, Ola Electric is preparing to downsize its workforce by approximately 400-500 employees across various departments. This restructuring initiative is slated to unfold over the forthcoming weeks as part of a broader strategy to trim operational expenditures in anticipation of the company’s impending initial public offering (IPO). However, the precise extent of […]
A multinational financial technology company, Paytm plans to cut 5,000-6,300 jobs amid the crisis. The company may cut around 15-20 percent of its workforce. In recent years, employee costs have increased due to investments primarily in technology, merchant sales, and financial services. For the coming year, while Paytm continues to invest in the merchant sales team […]
An Indian multinational information technology company, Infosys stands apart from industry trends triggered by GenAI, refraining from job reduction or any form of job cuts seen elsewhere. The company maintains a steadfast commitment to its workforce, ensuring stability amidst technological shifts. This strategic approach underscores Infosys’ resilience and dedication to fostering a supportive environment amid […]
A former employee of Infosys, an Indian multinational IT company, shared a LinkedIn post from Kumar Shubham, who worked as a Senior System Engineer. In his LinkedIn post, Kumar Shubham alleged that Infosys has engaged in unfair layoffs. This post has since gone viral, sparking a wide array of reactions from the online community. Many […]
