Tag: Layoffs
Robinhood to lay off 9% of full-time employees
The U.S. financial services company Robinhood Markets Inc. declared that it would be laying off about 9% of its full-time employees by removing the duplicate...
Musk acquired Twitter: employees fear layoffs and future
Elon Musk takes over Twitter, one of the most popular social media platforms in the world, for a whopping $44-billion cash deal.
The 16-year-old company will...
Thousands of layoffs are planned as part of Novartis restructuring
Novartis AG has confirmed that it would cut jobs as part of a wide-ranging restructuring aimed at saving $1 billion by 2024.
The Swiss healthcare...
Meesho lays off 150 employees from the grocery business
According to an ET report, e-commerce startup Meesho has laid off 150 people from its grocery business. The positions were axed after the company restructured and...
Unacademy lays off 600 employees as part of a cost-cutting measure
Edtech unicorn Unacademy, which recently launched an experience centre- Unacademy Store, has laid off nearly 600 employees, almost 10% of its workforce. The SoftBank-backed start-up...
Furlenco lays off 180 employees, shuts operations in some cities: Report
Furlenco, the furniture rental startup has reportedly laid off between 180-200 employees involved in customer grievance redressal, scheduling, and other similar customer support functions.
According...
P&O Ferries UK shipping firm fires 800 people over 3 mints...
P&O Ferries, UK’s leading ferry company, has fired its 800 employees with immediate effect. This sudden mass layoff is similar to what Vishal Garg...
Vishal Garg CEO of Better.com who fired 900 on Zoom call...
Vishal Garg, the Indian-origin CEO of US-based homeownership firm Better.com, who recently laid off 900 employees over a Zoom call and triggered widespread outrage,...
Dropbox to layoff 11% of workforce, COO to step down
Dropbox to layoff 11% of workforce, COO to step down
Dropbox Inc on Wednesday announced the exit of operations chief and said it will cut 11%...
Mahindra to shut Pininfarina Engineering, employees to go on strike
Mahindra to shut Pininfarina Engineering, employees to go on strike
Automobile giant Mahindra Corp has decided to liquidate its Italian subsidiary Pininfarina Engineering in order...