Tag: layoff
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...
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...
eBay sacks 9% full-time employees: CEO’s letter to employees
Unlike other tech companies, an American multinational e-commerce company, eBay has announced a reduction of 9% or approximately 1,000 roles.
While announcing the layoffs the...
SAP announces Transformation Program that will impact 8,000 jobs
A German multinational software company, SAP has announced its restructuring plan for 2024 that will impact 8000 jobs, 7.4% of SAP's total workforce.
SAP will implement...
Citigroup will be cutting 20,000 jobs
An American multinational investment bank and financial services corporation, Citigroup Inc. has reported a net loss for the fourth quarter of 2023 of $(1.8) billion,...
Layoffs continue in 2024, Google sacks hundreds of employees
According to Reuters, an American multinational technology company, Google said on Wednesday that the company is laying off hundreds of employees working in Assistant,...
Frontdesk laid off entire staff in 2 mins call, Xerox to...
As 2024 starts A prop-tech startup company, Frontdesk has laid off around 200 employees which is the entire workforce of the company, over a...
Paytm CEO shares to-do list- 2024 after sacking over 1,000 people
An Indian multinational financial technology company, Paytm CEO Vijay Shekhar Sharma said that the company would undergo major AI upgrades in 2024.
He has shared a...