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Adobe has reportedly laid off employees but the firm confirms that the layoff is not companywide...
Edtech major Vedantu has laid off another employees. This is nearly . percent of the company ...
An American multinational investment management and financial services company, Morgan Stanley will ...
An American multinational food, snack, and beverage company, PepsiCo Inc is planning to lay off hundreds of workers from its headquarters in the North American snacks and beverages division. “The overall US labour market remains historically tight, with employers competing for a limited pool of labor and bidding up wages despite an uncertain economic outlook,” the report […]
The year 2022 and that too especially the second half of it has witnessed a series of employee terminations in tech industries from smaller firms to MNCs with as many as 11,833 startup employees in India losing their employment across industries. As per reports, after a CEO of a recently acquired US-based social media company communicated […]
Amazon is on the urge of the biggest layoff including top executives in the company since it was founded. Expected to slash 20,000 employees from the workforce. Entering 2023 within a few days might not be as fun for Amazon employees and tech employees across the industry as organizations are making adjustments through layoffs as […]
The tech-based Indian multinational Oyo Hotels and Homes Pvt. Ltd has announced a huge business restructuring leading to 600 job cut reducing 10% of its employee base. In a statement, Oyo said the firm is undergoing a transformational process to align its business more competitively. The statement by Oyo Chief Executive Office Ritesh Agarwal also […]
A leading job portal in India, Hirect has sacked nearly 200 people which is 40 percent of the total workforce. Hirect laid off these employees due to organizational restructuring and a strategic change in its business model. The company has become a victim of the slowdown in new hiring. The Co-founder and CEO of Hirect Raj […]
A leader in the furniture industry and one of the largest furniture producers in the United States, United Furniture Industries has laid off approximately 2,700 workers. Most of the sacked employees from the company live in northeast Mississippi. The laid-offs came just days before the Thanksgiving holiday. However, The company sent a memo via email and […]
The current global economic environment is gloomy. Wherever you look the conversations are centred around slowing growth, recession, high inflation, unemployment, and most importantly large-scale layoffs. These things are not new. Businesses go through economic cycles and there are cycles when going gets tough for them. When the going gets tough, well- run businesses are […]
According to PTI, the Railways has weeded out one “non-performer or corrupt official” every three days in the past 16 months, officials said. Two senior-grade officers were sacked on Wednesday, sources said. Around 139 officials from the Indian Railways have been asked for Voluntary Retirement Scheme (VRS). The Indian Railway has agreed on a salary […]
E-commerce giant Amazon which was summoned by labour ministry to appear on Tuesday said that the company has not fired any employee, and resignations were voluntary who opted for its separation program on their own by accepting a severance package. Amazon representatives appeared before the deputy chief labour commissioner of the union labour ministry in Bengaluru on […]
Labour Ministry of India has sent a notice to Amazon concerning a complaint filed by Nascent IT employees senate Amazon’s public policy manager asked to attend a hearing on Nov 23. A Anjanappa, the deputy chief labour commissioner has summoned the company regarding the Voluntary Separation Program (VSP) and directed it to attend this […]
An American multinational information technology company, HP is planning to lay off nearly 4000 to 6,000 employees. This layoff is nearly around 12 percent of the company’s global workforce. HP currently employs nearly 50,000 people as of December 2021. The company has planned this layoff up till the end of fiscal 2025. “We had a […]
An American multinational technology company, Google is planning to fire nearly 10,000 employees. The layoffs will be on the grounds of ‘poor performance’. The layoffs are nearly 6% of the total workforce. Google will use a ranking system and the lowest-ranked employees are expected to be fired from the company. Since 2017 the company has […]
