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Job cut News

20 Oct 2023

Nokia Slashing 14,000 Jobs As Profit Sees Sharp Decline

Nokia, which currently has 86,000 employees on its rolls, plans to bring the headcount down to between 72,000 and 77,000.

20 Jul 2023

Microsoft Slashes 1,000 Jobs, Mostly In Sales, Customer Services: Report

According to a report in Insider, citing sources, the new layoffs are beyond the 10,000 jobs that the tech giant planned to eliminate earlier this year.

11 Jul 2023

Microsoft Lays Off 276 Employees In New Job Cut Round

In May, Microsoft slashed 158 jobs in Washington State which were not not part of the 10,000 announced earlier.

07 Jul 2023

Amdocs Lays Off 2,000 Employees In 2nd Job Cut Round This Year

In Israel where it was founded in 1982, Amdocs will slash 200 jobs, a reduction of approximately 4 per cent, according to a report in Israel-based website Calcalist.

25 Jan 2023

Get Prepared for Deeper Layoffs in 2023, Predict Business Economists

With more Big Tech companies like Microsoft and Google joining the ongoing layoff season, about 3,000 tech employees are now being laid off per day on average in January globally, including in India.

13 Jan 2023

MASSIVE job cut: Ola to fire 200 employees

Ola sacked 200 employees from its technical and product division. In 2022, the taxi aggregator let off about 1100 workers. According to the Inc42 article, the corporation started making cuts earlier this week.

05 Jan 2023

More job cuts in Amazon, CEO confirms around 18,000 employees to be laid off

The Amazon CEO said in a statement that they were not done with the annual planning process as earlier mentioned, and "I expected there would be more role reductions in early 2023".

02 Jan 2023

Recession will hit a third of the world this year, warns IMF chief

Kristalina Georgieva, the chief of the International Monetary Fund (IMF) made these grim assertions on Sunday during a CBS news programme "Face the Nation."

07 Dec 2022

Morgan Stanley lays off about 1,600 employees

The company has about 81,567 employees and the layoffs will touch "nearly every corner of the global investment bank".

24 Nov 2022

Job cuts hit media firms amid economic slowdown, more layoffs coming

According to Axios, more than 3,000 jobs have been cut till October this year in the media industry, and more are on the way.

16 Nov 2022

Amazon laying off hundreds of employees in India? Here's all you want to know

Nearly 1 lakh people are employed by Amazon, while the job cut is more likely to happen across engineering and other departments, said media reports.

15 Nov 2022

DNA: Why are big companies laying off employees?

According to a New York Times report, the biggest e-commerce company Amazon is about to lay off employees on a large scale. In the name of cost cutting, they are preparing to fire about 11,000 employees. This will be the biggest layoff ever in Amazon's history.

10 Nov 2022

11,000 employees fired by Zuckerberg's Meta -- Know how it impacts India team

In one of the worst lay-offs ever in the tech industry after Twitter - which saw 90 per cent of India team being sacked - Meta Founder and CEO Mark Zuckerberg fired about 13 per cent of the global workforce and extended hiring freeze through Q1 2023.

09 Nov 2022

Mark Zuckerberg led Meta begins MASSIVE lay off from today

The company is expected to cut thousands of employees beginning Wednesday, and this will likely be the largest of the year to date in the tech sector, the Wall Street Journal reported, citing people in the know about the matter.

04 Nov 2022

B2B unicorn Udaan fires around 350 employees

B2B unicorn udaan has fired 300-350 employees across India It said that employees were sacked on account of role redundancies and cost cutting measures Few of the employees were intimated about the layoff on Friday morning

04 Nov 2022

Job cut hits Twitter India, unaffected employees living in constant fear

Some of the employees who lost their jobs at Twitter India and did not wish to be named told IANS that when they logged in to their systems from home (Twitter is still in the work-from-home mode) on Friday, they were denied access.

04 Nov 2022

Digital payments firm Stripe lays off 14% of workforce

The payment processor cited "stubborn inflation, energy shocks, higher interest rates, reduced investment budgets, and sparser startup funding" as reasons for its decision.

25 Oct 2022

Softbank-backed health unicorn Cerebral laying off 400 people

A memo from its CEO, David Mou said the cuts would affect employees across the company, including at headquarters and among clinical care staff and support workers.

24 Oct 2022

Philips to cut 4,000 jobs as company faces multiple challenges: CEO

The company reported a net loss of 1.33 billion euros ($1.31 billion) compared with a year-ago profit of 2.97 billion euros.

19 Aug 2022

50% of companies planning job cuts amid economic downturn: Report

According to the latest PwC 'Pulse: Managing business risks in 2022' survey in the US, 50 per cent of respondents are reducing their overall headcount, even as business leaders remain concerned about hiring and retaining talent.

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