Tag: termination
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...
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...
Amazon, Bosch & Tata Steel collectively to sack over 4000 people
After Meta and Google, The three leading companies Amazon, Bosch, and Tata Steel collectively may lay off over 4000 employees.
Amazon announces job cuts in...
YouTube sacks hundreds of employees amid restructuring process
An American online video-sharing and social media platform, YouTube has sacked hundreds of employees as part of the restructuring process.
A Google spokesperson said, “As...