Tag: Layoffs
Infosys GenAI Revolution: No Layoffs, Only Growth- CEO Salil
In a significant development, Infosys, one of India’s leading IT services companies, has witnessed robust client interest in Generative AI (GenAI).
CEO Salil Parekh recently...
Tech Firm Five9 Faces Tough Choices; Layoffs Announced
Five9, a San Ramon-based contact center products vendor, has recently announced workforce reduction. The company has decided to lay off approximately 7 percent of...
Bengaluru Saarthi AI CEO’s Passport Stolen Amid Layoffs
Saarthi AI, an artificial intelligence startup headquartered in Bengaluru, finds itself embroiled in a complex web of financial and legal troubles.
The company, which recently...
Reliance Industries Cuts 42,000 Jobs: An Alarming Move
In a surprising development, Reliance Industries Limited (RIL), one of India’s largest conglomerates, has downsized its workforce significantly.
The reduction affects various divisions within the...
Intel Plans Major Layoffs Amid Financial Struggles
According to Bloomberg report, Intel plans to cut thousands of jobs to recover from recent earnings declines and market share losses.
The tech firm, employing...
Deutsche Bahn to Cut 30,000 Jobs
Deutsche Bahn, the German railway operator, is set to reduce its workforce by 30,000 positions over the next five years. This includes an immediate...
WayCool Foods Faces Financial Struggles with Latest Layoffs
Chennai-based agri-tech startup WayCool Foods has recently made headlines with its third round of layoffs within a year.
The company, facing financial challenges, has let go...
PwC Layoffs in China’s Financial Services Audit Team
PricewaterhouseCoopers (PwC), a global professional services firm, is facing a critical decision in its China operations. Sources reveal that PwC is considering slashing up...
Microsoft Faces Backlash After Cutting DEI Team Amid Changing Priorities
In a surprising move, Microsoft recently laid off an internal team focused on diversity, equity, and inclusion (DEI). The decision has sparked debate and...
Salesforce cuts 300 jobs in second round layoffs
Salesforce, the renowned software giant, has recently announced a second round of layoffs, affecting approximately 300 employees. This move comes as part of the...