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Amid CEO Elon Musks woke mind virus concerns, Electric vehicle company, Tesla h...
Elon Musk on Tuesday said that Tesla will reduce its salaried workforce by per cent over the next...
Two former Tesla employees have filed a lawsuit against the electric vehicle giant. The employees we...
The Gurugram-based Social commerce CityMall is slashing 191 jobs as it looks to better navigate the sharp reversal in the markets. The layoff impacts at least 30% of the three-year-old startup’s workforce. The startup said two months ago that it had over 500 employees. The Company said on Layoffs, “191 of our employees will be parting […]
The Edtech platform, Unacademy has recently fired a small fraction of its workforce which is 150 employees (2.6% of the workforce). The workforce has been asked to leave as part of a performance improvement programme (PIP). These layoffs currently affected the PrepLadder team that is based out of Chandigarh. This is the company’s second round […]
Elon Musk, CEO of electric vehicle maker Tesla has called for the layoff of 10 percent of the company’s white-collar workforce in an internal company email on June 3. Tesla employees are sharing their pain on social media and said that the layoffs appear to have started last week and have accelerated since then. It […]
Cryptocurrency exchange company Coinbase Global Inc has announced that it will slash nearly 18% of its workforce which is about 1,100 jobs. This move has come as a result of reining costs amid volatile cryptocurrency market conditions. The company earlier informed this month that it would extend its hiring freeze for the future and cancel several […]
FarEye, the Software-as-a-service (SaaS) provider has laid off around 250 employees at the time of their appraisal, according to media reports. FarEye CEO and Co-founder Kushal Nahata said, “With the softness in market conditions, in the year ahead, we are focusing on our efforts and aligning resources in areas that drive maximum value for our […]
Bengaluru-based gold loan provider Rupeek has laid off around 200 employees from its workforce across multiple teams. The company has laid off nearly 10-15% of its workforce. The reason behind the layoffs is tough macro conditions and a funding crunch. The company’s founder and CEO Sumit Maniyar told employees about the decision through an email. […]
Elon Musk needs to cut one in ten jobs at Tesla. Some may already have their eye on the exit. The Tesla chief executive’s intentions, conveyed in an internal email seen by Reuters, are rooted in what he described as his “super bad feeling” about the U.S. economy. Some of the nearly 100,000 people employed […]
Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters. The message, sent on Thursday and titled “pause all hiring worldwide”, came two days after the billionaire told staff to return to […]
As Twitter pauses hiring, the micro-blogging platform is reportedly shifting employees away from audio Spaces, Communities and newsletters verticals for areas that “will have the greatest positive impact to the public conversation”. The restructuring is happening under Jay Sullivan, the new head of product and interim head of revenue, reports Bloomberg. Twitter CEO Parag Agrawal last month fired […]
Info Edge-backed Edtech startup, Udayy has reported shutting down. This has caused the startup in laying off all its hundred employees. The co-founder of Udayy Saumya Yadav said, “This comes on the back of kids moving back to schools in the post-pandemic world.” “Udayy was witnessing the post-pandemic world for the first time. As the kids […]
Indiabulls owned social commerce application, Yaari has laid off 150 employees which is nearly 60% of its total workforce. According to sources, the company has decided to merge it with another Indiabulls company Dhani Services. The layoffs reportedly happened in the supply support, customer support, business development, and marketing verticals. The company did not extend […]
The pre-owned e-commerce platform, CARS24 has announced that the company is laying off around 600 employees due to poor performance. CARS24 has a nearly 9,000-strong workforce. The six-year-old used-car marketplace has let go of about six percent of its team. The termination not owing to any “cost cuts“. The company calls it “business as usual.” The company […]
