"layoffs"

The IT Ministry is monitoring TCS’ decision to lay off over 12,000 employees, mostly at mid- and senior levels. The government is focusing on job creation and reskilling as India’s largest IT firm realigns for AI-driven growth and global expansion

The move, targeting mainly mid and senior roles, comes as part of TCS’ strategy to become a “future-ready” organisation

The job cuts at Xbox are expected to impact several teams and also affect employees working in Microsoft’s global sales operations

It’s not clear how many employees are affected, but voluntary exit offers were made to staff in Google’s search, advertising, research and engineering units, according to The Wall Street Journal

The company has also offered voluntary retirement to employees aged 50-55 within its research and development division; multiple high-salaried employees across various departments have already been asked to resign, reports stated

The development comes at a time when several global companies, including Amazon, Intel and Goldman Sachs, are also cutting jobs amid the growing influence of AI and global economic uncertainty

Earlier this month, India's second largest IT services company faced backlash after it laid off over 300 freshers who underwent foundational training at its Mysuru campus but could not clear internal assessments

The company last week laid off over 300 freshers who underwent foundational training at its Mysuru campus but could not clear internal assessments after three attempts

The company reported 43% increase in net loss at Rs 495 crore in the July-September period, from Rs 347 crore in the previous quarter

In an internal memo to employees seen by The Wall Street Journal, Nike Chief Executive John Donahoe said that the company is using its resources to boost investment in categories like running, women's apparel and the Jordan brand.

Cisco last year issued layoff notices to nearly 4,000 employees, as the company rolled out efforts to “rebalance” and cut costs.

The company said in a statement on Friday that it sees significant scope in expanding the number of targeted households to further fuel the consumer transition from traditional markets to contemporary purchase formats.

Citing the global macroeconomic conditions, Big Tech firms and startups across the spectrum have fired employees, and layoffs continue to happen.

As per the data by layoffs tracking site Layoffs.fyi, 819 tech companies have shown the doors to around 212,221 employees till June 30.

Amazon mandated its return-to-office policy from May 1, with employees required to be back in offices at least three days per week.

LinkedIn CEO Ryan Roslansky said in an email to employees that the move was aimed at streamlining the company's operations.

Mark Zuckerberg's net worth surged by $10.2 billion after the company posted strong quarterly results

Entertainment giant Disney kicked off its second round of layoffs on Monday that will affect 4,000 employees

Amid job cuts at Google's parent company Alphabet, its CEO Sundar Pichai took home a whopping compensation of nearly $226 million

Lenovo has reportedly started laying off employees, as its PC business suffers significantly amid economic downturn