Tag: downsizing
Mozilla & BlackBerry to collectively layoff 260 employees
Mozilla & BlackBerry to collectively layoff 260 employees. Mozilla Corp, the developer of the web browser Firefox, is implementing a reorganization resulting in approximately...
SpiceJet to sack nearly 1400 employees to save costs
According to the reports of the ET, An Indian low-cost airline, SpiceJet will sack nearly 1400 employees to save costs.
However, according to company statements,...
Techie got sacked, expressing concerns about potential recession
Like 2023, 2024 started on a layoff note. The leading tech giants have sacked many employees. This year in January month itself, nearly 176 layoffs...
Grammarly to layoff 230 employees as a part of the restructuring
An AI-based writing assistant, Grammarly to layoff nearly 230 employees as a part of Restructure Business to Align With Company Strategy and Accelerate Growth.
Grammarly...
Snap to sack 10% of the workforce in a fresh round...
An American multimedia instant messaging app, Snap said that the company will sack 10% of its global workforce which is nearly 500 employees.
Snap had some 5,367 full-time...
Deutsche Bank is planning to reduce nearly 3,500 jobs
One of the world's leading financial services providers, Deutsche Bank plans to reduce approximately 3,500 jobs, mainly in non-client-facing areas.
The layoffs are nearly...
PayPal to sack 2500 employees: Read CEO’s Letter on Job Cuts
An American multinational financial technology company, PayPal has announced to sack 9% of its workforce, eliminating 2,500 jobs from its global offices.
These job cuts...
Wipro to sack hundreds of mid-level employees to improve margins
As per the reports of the ET, India’s IT services provider company, Wipro to sack hundreds of mid-level employees to improve margins
Wipro currently maintains...
In January over 38000 people were laid off… Gen AI Impact...
So far in 2024, there have been 176 layoffs at tech companies with 38,003 people being laid off (1,267 people per day). In 2023, there were 1,996 layoffs at tech companies with 428,384 people...
Flipkart and Swiggy to sack 1,000 & 400 employees respectively
As per media reports, Walmart-owned, Flipkart to sack around 5 percent of its total workforce, which constitutes about 1,000 employees, as part of its...