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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
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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.
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Cisco last year issued layoff notices to nearly 4,000 employees, as the company rolled out efforts to “rebalance” and cut costs.
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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.
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Citing the global macroeconomic conditions, Big Tech firms and startups across the spectrum have fired employees, and layoffs continue to happen.
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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.
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Amazon mandated its return-to-office policy from May 1, with employees required to be back in offices at least three days per week.
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LinkedIn CEO Ryan Roslansky said in an email to employees that the move was aimed at streamlining the company's operations.
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Mark Zuckerberg's net worth surged by $10.2 billion after the company posted strong quarterly results
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Entertainment giant Disney kicked off its second round of layoffs on Monday that will affect 4,000 employees
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Amid job cuts at Google's parent company Alphabet, its CEO Sundar Pichai took home a whopping compensation of nearly $226 million
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Lenovo has reportedly started laying off employees, as its PC business suffers significantly amid economic downturn
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Meta has almost wiped out its team dedicated to combating misinformation, as part of the latest round of mass layoffs
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Amazon and Google CEOs have hinted at more layoffs as the companies continue to evaluate business
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The top 30 H-1B visa employers hired 34,000 new workers in 2022 and laid off at least 85,000 workers in 2022 and early 2023
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Meta is no longer listing new remote positions, as managers have reportedly been forbidden from posting new listings
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Google's micro kitchen that provides free snacks like cereal, espresso, and seltzer water will be closed on days that typically have a significantly lower volume.
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According to the Financial Times, phony recruitments are being run by scammers pretending to be employers on Microsoft-owned LinkedIn.
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When the world’s most valuable firms resort to large-scale job cuts, worries of a ripple effect are inevitable
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In India, more than 21,000 employees have been laid off by more than 70 startups to day, including from unicorns like BYJU'S, Ola, MPL, Innovaccer, Unacademy, Vedantu, Cars24, OYO, Meesho, Udaan and many more.
