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The sacking episodes have gained speed amid global economic meltdown and recession fears.
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In 2022, over 1,000 companies laid off 154,336 workers, as per the data from layoffs tracking site Layoffs.fyi.
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Coforge new office inaugurated by IT and Industries Principal Secreatry Jayesh Ranjan and Chief Relations Officer Amarnath Reddy Atmakuri.
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Zuckerberg mentioned during the last Meta earnings call that "Our plan is to steadily reduce headcount growth over the next year. Many teams are going to shrink so we can shift energy to other areas."
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This hyper-focus on productivity is impacting health and wellbeing as 47 per cent of employees and 58 per cent of leaders in India report that they're already burnt out at work.
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San Francisco: Apple employees have hit back at the tech giant’s return-to-office orders and launched a petition saying the firm risked stifling diversity and staff wellbeing by restricting their ability to work remotely, media reports say. The petition is in response to an all-employee memo from the CEO Tim Cook, who last week said workers […]
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Washington: Tangible rewards motivate employees when they are easy to use, satisfying, unexpected, and separate from salary, according to a new study. The study was recently published in the journal Accounting, Organizations, and Society. A recent survey of firms in the United States revealed that 84 per cent spent more than USD 90 billion annually […]
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San Francisco: Silicon Valley-based online trading app Robinhood has sacked 23 per cent of its workforce, just three months after the fintech platform reduced its headcount by 9 per cent amid the global economic turmoil. A 23 per cent reduction would amount to about 713 employees being laid off, leaving nearly 2,400 employees at the […]
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Hyderabad: The Central Bureau of Investigation (CBI) has booked a case against two postal department employees for allegedly misappropriating money to the tune of Rs.1.50 crore. The case was booked against K Laxmikanth, a postal assistant and K. Bharadwaj, an office assistant, both working at Mahbubnagar office, under Sections 120B (Criminal Conspiracy), 409 (Criminal breach […]
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Hyderabad: UK-based data analyst and ERP consultancy company Kagool will recruit about 1,000 employees in Hyderabad in two to three years, said Dan Barlow, CEO of Kagool Group. The company now has 260 employees in Hyderabad. The company on Tuesday inaugurated a 17,000 sqft office space at Kapil Towers in Nanakramguda. This will accommodate 200 […]
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San Francisco: Elon Musk-run Tesla has laid off 229 annotation employees from its Autopilot team and closed one of its offices in the US. According to a regulatory filing in California state in the US and seen by TechCrunch, Tesla had laid off workers from its San Mateo office that employed 276 workers. The remaining 47 […]
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New Delhi: Micro-blogging platform Twitter has laid off 30 per cent employees from its talent acquisition team amid the $44 billion takeover by Elon Musk, the media reported on Friday. A Twitter spokesperson confirmed these layoffs to TechCrunch, without divulging further details or the number of employees affected. The sacked employees will receive severance packages […]
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New Delhi: More than two-thirds of blue-collared employees in India earn less than Rs 15,000 per month, according to a report on Thursday. The report by payroll management app Salarybox stated that females in the workplace made Rs 12,398 on average, which was 19 per cent less than their male colleagues, which brings forth the […]
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New Delhi: As Bhavish Aggarwal focuses his energies towards Ola Electric, the ride-hailing platform Ola is planning to lay off up to 500 employees across departments as it aims to cut cost and streamline operations amid the ongoing funding winter. According to reliable sources, SoftBank-backed Ola has asked senior executives to find employees in their teams […]
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New Delhi: Edtech major Byju’s on Thursday said that less than 500 people have been laid off at Whitehat Jr and Toppr, but sacked employees have claimed that 1,100 staff had been retrenched at Toppr alone. The layoff at Toppr comes alongside Byju’s group firm Whitehat Jr retrenching 300 employees in addition to the resignation […]
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San Francisco: After laying off several employees recently, popular video streaming platform Netflix has once again shown the exit door to an additional 300 employees in the second round of layoffs. According to Variety, the cuts are across multiple business functions in the company, with the bulk of the jobs lost in the US. These […]
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San Francisco: Twitter employees are sceptical about their future after Elon Musk addressed them this week, saying they are doing their best to stay focused on work. The future of Twitter hangs in the balance and employees’ reaction after the virtual meeting with Musk was “mostly negative,” reports The Verge. Musk told Twitter employees that […]
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San Francisco: SpaceX which fired employees who wrote a letter criticising Elon Musk’s behaviour in the public sphere has likely violated US labour laws. According to The Verge, labour lawyers now say the firings may have violated US labour law. The fired employees may also approach the National Labor Relations Board (NLRB) to sue SpaceX. […]
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Bengaluru: When the hijab crisis is settling down in Karnataka, it is now the skull cap versus saffron shawls in the state. A section of Hindu employees of the state-owned Bengaluru Metropolitan Transport Corporation (BMTC) objecting to the Muslim drivers, conductors and others wearing skull caps, are now attending duty donning saffron shawls. Following the […]
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Hyderabad: A scheduled talk by US-based Dalit activist Thenmozhi Soundararajan was cancelled by Google due to the pressure from employees. Tanuja Gupta, a senior manager at Google News who invited Thenmozhi to speak, resigned over the incident. The talk was scheduled in April as part of the Dalit History Month. The presentation was supposed to […]
