New York: E-commerce company Wayfair CEO Niraj Shah has fired 870 people, or 5 per cent of the company’s global workforce, as the growth he anticipated has not materialised this year. In a memo, Shah said that the US-based company was “seeing the tailwinds of the pandemic accelerate the adoption of ecommerce shopping, and I personally […]
Moscow: Following a freeze on activities in Russia earlier this year, IBM CEO Arvind Krishna has informed employees that the company is ending all operations in the country and has begun laying off employees. In a letter shared with the employees, Krishna stated that the company’s focus for months has been on looking after the […]
New Delhi: Edtech platform Unacademy, which laid off nearly 600 employees, contractual workers and educators – about 10 per cent of its 6,000-strong workforce across the group – said on Friday that it is focused on becoming profitable by the end of the fourth quarter (Q4) this year in its core business, while investing for […]
