Job Cuts
- Business
Paytm cuts jobs amid restructuring exercise, disburses bonus
New Delhi: One97 Communications Limited (OCL), which owns the Paytm brand, has begun to lay off an undisclosed number of employees amid a restructuring exercise, along with facilitating outplacement assistance to those…
- Business
Pegasystems to lay off nearly 240 employees in 2nd job cut this year
San Francisco: Global software company Pegasystems is laying off 4 per cent of its workforce, or about 240 employees, in a second job cut this year. US-based Pegasystems (Pega) said in public…
- Technology
Microsoft lays off 276 employees in new job cut round
San Francisco: Microsoft has laid off 276 employees, mostly in customer service, support and sales teams, in a new job cut round. The fresh job cuts “go beyond the 10,000 global layoffs…
- Technology
Amdocs lays off 2,000 employees in 2nd job cut round this year
San Francisco: US-headquartered software and communications service provider Amdocs is reportedly laying off 2,000 employees, approximately 6.5 per cent of its workforce. In Israel where it was founded in 1982, Amdocs will…
- Technology
Automaker Ford gears up for fresh job cut round amid shift to EVs
San Francisco: US automaker Ford is preparing to cut more jobs as it directs more investments towards building electric vehicles (EVs). The fresh layoffs could be announced as soon as next week,…
- Technology
Ride-hailing & food delivery app Grab slashes 1,000 jobs
Singapore: Grab Holdings, Southeast Asia’s leading ride-hailing and food delivery app, is slashing 1,000 jobs, about 11 per cent of its workforce. According to Grab CEO Anthony Tan, the move is to…
- Technology
AI technologies will take away 8 lakh jobs in Hong Kong by 2028
Hong Kong: Artificial intelligence (AI)-based technologies will take away nearly 8 lakh jobs, or 25 per cent of the total workforce in Hong Kong by 2028, a study has forecast. Data entry…
- Technology
Nearly 4K people lost their jobs in US due to AI in May: Report
San Francisco: Artificial intelligence (AI) cost nearly 4,000 people their jobs in May in the US, a new report has shown. According to the US-based consulting firm Challenger, Gray & Christmas monthly…
- Business
Rolls-Royce set to slash 3K jobs to streamline business: Report
London: Luxury car and jet engine manufacturer Rolls-Royce is reportedly planning to slash thousands of jobs, around 3,000 ‘non-manufacturing employees’, as it aims to cut costs and streamline operations. According to The…
- Technology
Alibaba to make significant job cuts amid IPO plans
Hong Kong: Chinese internet giant Alibaba is making significant job cuts, reportedly around 7 percent of its workforce, as it plans separate IPOs for its various business groups. In March, Alibaba Group…
- Technology
Disney begins 3rd job cut round, 2,500 employees to be affected
San Francisco: Entertainment giant Disney has started its third round of layoffs that will affect over 2,500 employees across the board, the media reported. Although Parks and Resorts remain largely untouched, no…
- India
Unacademy lays off 12 pc of workforce in its latest round of job cuts
New Delhi: Edtech major Unacademy has laid off 12 per cent of its workforce or over 350 employees in its latest round of job cuts. Gaurav Munjal, co-founder and CEO of Unacademy,…
- Technology
What Big Tech companies are saying to justify mass layoffs
New Delhi: As more and more Big Tech companies continue to sack employees, they have listed various reasons behind the move — over-hiring, uncertain global macroeconomic conditions, strong tailwinds from the Covid-19…
- Technology
Twitter says job cuts won’t impact core content moderation
San Francisco: Twitter, which has fired about half of its workforce under Elon Musk along with axing key content moderation teams right before the US midterm elections, said that its “core moderation…
