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Indiabulls owned social commerce application, Yaari has laid off employees which is nearly o...
The pre-owned e-commerce platform,nbspCARSnbsphas announced that the company is laying off aro...
Two senior Twitter leaders who oversee the consumer and revenue divisions will depart the social med...
Germany’s Henkel is slashing 2,000 jobs in response to rising costs and low demand for its shampoos and hair sprays and aims to make 500 million euros ($530 million) in gross savings in the medium-term from the merger of its cosmetics and detergents units. The job cut and savings targets, announced on Thursday, illustrate the […]
The owners of these units have faced a heavy financial crunch so they had to close the units shut shop total of the 117-odd units, around 50 units were closed earlier and the remaining were shut on Sunday. With the closure of all the units, the Sircilla Textile Park wore a deserted look. The worst fears […]
The U.S. financial services company Robinhood Markets Inc. declared that it would be laying off about 9% of its full-time employees by removing the duplicate jobs it had added when the company saw excitable growth during the COVID-19 pandemic in 2020. Robinhood CEO Vlad Tenev announced on Tuesday that the financial services company would lay off about 9% of its […]
Elon Musk takes over Twitter, one of the most popular social media platforms in the world, for a whopping $44-billion cash deal. The 16-year-old company will be a private entity and wholly owned by the celebrity CEO of Tesla after the deal is complete. Twitter Inc. employees reacted on the takeover with a mix of enthusiasm, fear, […]
Novartis AG has confirmed that it would cut jobs as part of a wide-ranging restructuring aimed at saving $1 billion by 2024. The Swiss healthcare company said that it would integrate its pharmaceuticals and oncology units into two medicines units–one for the U.S. and one that focuses on the international market. “These efficiencies will come […]
According to an ET report, e-commerce startup Meesho has laid off 150 people from its grocery business. The positions were axed after the company restructured and rebranded as Meesho Superstore from Farmiso earlier. Last week of this month, the company announced its plans to merge the grocery business with the main app, leading the talks of restructuring […]
Edtech unicorn Unacademy, which recently launched an experience centre- Unacademy Store, has laid off nearly 600 employees, almost 10% of its workforce. The SoftBank-backed start-up employs over 6,000 people, and this firing is said to be a cost-cutting measure. Sources familiar with the development said nearly half of the employees fired were educators, and they were […]
Furlenco, the furniture rental startup has reportedly laid off between 180-200 employees involved in customer grievance redressal, scheduling, and other similar customer support functions. According to media reports, these layoffs come amidst an attempt to scale down operations, with operations in metro and non-metro cities like Ahmedabad, Kolkata, and Pune to be reduced soon. The […]
P&O Ferries, UK’s leading ferry company, has fired its 800 employees with immediate effect. This sudden mass layoff is similar to what Vishal Garg did at Better.com inviting a lot of criticism on social media. The termination took place through a three-minute pre-recorded video that was leaked on the internet. This brought chaos to some […]
Vishal Garg, the Indian-origin CEO of US-based homeownership firm Better.com, who recently laid off 900 employees over a Zoom call and triggered widespread outrage, is taking time off from the company as it looks to build a “positive culture”, according to media reports. Garg’s leave is also effective immediately, according to a Friday email from […]
Dropbox to layoff 11% of workforce, COO to step down Dropbox Inc on Wednesday announced the exit of operations chief and said it will cut 11% of its global workforce, or 315 people, as the file hosting service provider shifts business resources in the wake of the COVID-19 pandemic. Shares fell nearly 6% to $22.26 after Dropbox […]
Mahindra to shut Pininfarina Engineering, employees to go on strike Automobile giant Mahindra Corp has decided to liquidate its Italian subsidiary Pininfarina Engineering in order to cover up for the losses faced during the pandemic and this has left the 135 employees of Pininfarina in a fix. Pininfarina Engineering offered a variety of work package […]
