"layoffs"

Amazon recently informed that 18,000 employees from Amazon Stores and PXT organizations were laid off this month.

In 2022, over 1,000 companies laid off 154,336 workers, as per the data from layoffs tracking site Layoffs.fyi.

The Financial Times reported that this will be the company's "biggest round of job cuts in five years".

The layoffs, which were first announced in September last year, happened across the teams.

Over 1,000 tech companies laid off more than 1,52,000 employees this year globally, surpassing the Great Recession levels of 2008-2009.

San Francisco: After firing about two-thirds of the micro-blogging platform’s 7,500 employees in only three weeks after his take over, Twitter CEO Elon Musk said that the company is done with layoffs and is hiring again. At a meeting with employees, Musk also claimed that Twitter is now actively hiring for positions in engineering and […]

New Delhi: Union IT Minister Ashwini Vaishnaw has criticised the decision by Elon Musk-run Twitter to sack its employees in India, saying that they should have been given a “fair time for transition”. Vaishnaw’s reaction, first reported by Business Standard, came as Musk fired about half of Twitter’s workforce globally, including nearly 150-180 employees in […]

Twitter began widespread layoffs Friday as new owner Elon Musk overhauls the social platform.

San Francisco: As Big Tech companies begin to lay off employees in the global economic downturn, Google executives have reportedly warned workers to either boost performance or prepare to leave as “there will be blood on the streets” if the next quarterly earnings are not good. In a company message viewed by Insider, Google Cloud sales […]

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 […]

San Francisco: Elon Musk-owned electric vehicle company Tesla has started another wave of layoffs, and this time it also includes hourly workers instead of just salaried employees as the CEO claimed. Informed sources confirmed that Tesla started another wave of layoffs yesterday that included many hourly employees in its sales and delivery teams across North America, […]

San Francisco: Tech billionaire Elon Musk has told Twitter employees that the platform “needs to get healthy” financially and bring down costs, suggesting that job cuts are likely in store if his deal to buy the social media service goes through. When asked about the possibility of layoffs during an internal Q&A, Musk said “Right now […]

The coronavirus pandemic has hammered Coke's business, as sales at places like stadiums and movie theaters dried up due to lockdowns.