Tag: downsizing
Paytm lays off employees to improve cost efficiency
One97 Communications, the parent company of Paytm, is implementing layoffs of an undisclosed number of employees as part of its restructuring efforts.
This move aims...
An Employee Feels Survivorship Guilt After 80% Team was laid off
In a recent Reddit post, an employee shared his emotions following his company's mass layoff of 80% of his team.
He expressed his emotions...
Ola Electric Cuts 500 Jobs for Cost Reduction
According to Economic Times, Ola Electric is preparing to downsize its workforce by approximately 400-500 employees across various departments.
This restructuring initiative is slated to...
Paytm plans to cut 5,000-6,300 jobs amid the crisis
A multinational financial technology company, Paytm plans to cut 5,000-6,300 jobs amid the crisis. The company may cut around 15-20 percent of its workforce.
In recent...
Infosys plans to avoid any job cuts & retain its talent...
An Indian multinational information technology company, Infosys stands apart from industry trends triggered by GenAI, refraining from job reduction or any form of job...
Ex-Infosys Employee Claims Unfair Layoffs in Viral Post
A former employee of Infosys, an Indian multinational IT company, shared a LinkedIn post from Kumar Shubham, who worked as a Senior System Engineer.
In...
Walmart to Cut Hundreds of Corporate Jobs, Relocate Some
According to WSJ, Walmart is undergoing a significant restructuring, with plans to slash hundreds of corporate positions while urging many remote employees to transition...
Indeed to layoff 1,000 employees, 8% of the workforce: CEO
Career website, Indeed plans to layoff approximately 1,000 employees, constituting around 8% of its workforce to streamline its organizational structure.
Layoffs target specific departments, primarily...
Healthify is reducing its workforce by 27%
According to Inc 42, the World's Largest AI Health & Fitness App, Healthify is slashing its workforce by 27% or nearly 150 employees.
However, Healthify...
Whirlpool to cut 1000 jobs worldwide in restructuring move
A leading kitchen and laundry appliance company, Whirlpool is planning to cut 1000 jobs worldwide in a restructuring move.
According to Reuters, The company announced...