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According to various media reports, an American multinational corporation and technology company, In...
A BB trade platform, designed specifically for small amp medium businesses in India, Udaan to lay...
Amid the Generative AI debut multinational professional services network and one of the Big Four acc...
As COVID-19 almost ended, there has been another challenging situation of macroeconomic conditions which slowed down the business and a modest decline in growth. In 2023, lots of companies especially Tech/IT and Edtech firms intended to cut jobs and announced layoffs, deferred salary hikes, and also ended work from home. At the end of year […]
Buy now pay later (BNPL) firm ZestMoney will be shutting down its operations this month and will lay off the remaining 130 employees. The layoff will affect the 130 employees. However, the company will retain a skeletal legal and finance team to see through the shutdown. The move of layoff came after ZestMoney’s founders resigned in […]
According to inc42, The world’s leading digital skills provider, enabling learners across the globe, Simplilearn laid off 200 employees due to poor performance. The layoffs at Simplilearn have impacted employees from the sales, marketing, and operation teams. However, layoffs have been sudden. While speaking with inc42 an employee said, “These layoffs were unexpected. Although […]
The world’s most popular audio streaming company, Spotify has reduced 17% of the workforce in its third round of layoffs in 2023. In a note on Monday, CEO Daniel Ek shared the following message about the company’s organizational changes with all Spotify employees. Team, Over the last two years, we’ve put significant emphasis on building Spotify into […]
Recently, An American artificial intelligence research organization, OpenAI sacked CEO Sam Altman. The company said, “Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” However, Microsoft CEO Satya Nadella appointed the former OpenAI CEO […]
Indian EdTech Firm, PhysicsWallah (PW) has sacked nearly 120 employees due to a performance review. Satish Khengre, Chief Human Resources Officer at PhysicsWallah said, “At PW, we regularly assess performance through mid-term and end-term cycles.” “For the cycle ending in October, less than 0.8 percent of our workforce, ranging from 70 to 120 individuals with […]
An American artificial intelligence organization, OpenAI has laid off CEO Sam Altman and Chief Technology Officer. Mira Murati is appointed interim CEO to lead the company. The company said, “Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering […]
An Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) received a false bomb threat call that created panic among employees. The Police have traced the call. The call belonged to recently laid-off female employees from Karnataka’s Hubballi district. As per the Initial investigations, the former female employee made the fake bomb threat call due […]
As per Reuters, an Indian multinational steel-making company, Tata Steel has sacked 800 employees in the Netherlands. The employees have been impacted by the layoffs due to market conditions and to bring down costs. As per the bifurcation of the layoffs, 500 full-time workers and 300 temporary positions have been impacted in the IJmuiden plant near […]
The year 2023 has been a year of layoffs. Some companies have skipped or rethinking on-campus hiring. However, Over 4 Lakhs employees lost Jobs in 2023. So far in 2023, there have been 1,822 layoffs at tech companies with 402,567 people impacted (1,270 people per day). In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day). Layoff Months in 2023 […]
The world’s leading gaming platform, Unity is planning to layoff employees as part of cost-saving measures. However, the exact number of layoffs at Unity is still unknown. In its Q3 earnings report, the company said that it is assessing its product portfolio “to focus on those products that are most valuable to our customers” and is […]
According to Reuters, Amazon has begun cutting jobs in its Music division, the company said on Wednesday, confirming the latest of several rounds of layoffs over the past year that have affected more than 27,000 employees of the retail giant. Employees in Latin America, North America, and Europe received notices that their jobs had been […]
