Tag: Layoffs 2024
Paytm Employees Complain to Labour Ministry Over Layoffs
According to Moneycontrol, several employees of the fintech platform Paytm have filed a complaint to the Ministry of Labour and Employment.
The complaint alleges that...
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...
Nike will sack over 700 employees at Oregon Headquarters
Nike has announced another round of layoffs to sack nearly 740 employees. On Friday, the company reported the layoffs to Oregon’s Office of Workforce...
Tech Startup layoffs in India drop 60% in January-March, report
As per Layoff.fyi, Indian technology startups have scaled back on layoffs this year, with a reduction of over 2,000 employees in the first quarter...
Apple announced layoffs, affecting over 700 employees
Apple has indeed confirmed layoffs, affecting over 700 employees, following reports of the cancellation of two high-profile projects: the self-driving car initiative (Project Titan)...
Byju’s initiates layoffs, releases staff without notice via calls
Byju's, an edtech company, commenced layoffs via phone calls, bypassing performance improvement plans (PIP), as reported by Moneycontrol. Employees are reportedly not required to...
Stellantis mandated WFH, then laid off 400 via remote call
Italian-American automaker Stellantis slashed over 400 roles across its US engineering, software, and tech sectors.
The method of layoffs stirred controversy, as per Fortune...
Paytm anticipates 20% reduction in its workforce
As per the reports of Money Control, one of India's largest digital payment apps, Paytm expects to reduce its workforce by approximately 20%. However, the...
Shell to reduce Deals Team workforce by 20% for cost-saving
An international energy company, Shell intends to trim its Deals Team workforce by at least 20% as part of ongoing efforts to streamline its...
IBM announces layoffs in marketing division in brief 7-mint meeting
According to a CNBC report, IBM (International Business Machines Corp) initiated layoffs in its marketing and communications division without specifying the number of affected...