• 

  Meta cuts jobs across key divisions, including Instagram, WhatsApp, and more

  Technology | October 18, 2024 15:36 IST

  There is no information on how many people are affected by the recent job cuts. However, Meta has stated that certain teams are undergoing changes to better align with objectives and location plans.

• 

  Boeing mass layoffs: US aircraft manufacturer to cut 17,000 jobs after facing $5 billion loss

  Business | October 12, 2024 11:38 IST

  Boeing recorded a loss of $5 billion in the third quarter as the US planemaker continued to spiral during a month-long strike. The company had already faced issues with the certification of the 777X that had significantly delayed the plane's launch.

• 

  Pakistan cuts 1,50,000 jobs, dissolves six ministries as part of IMF deal

  World | September 29, 2024 21:49 IST

  Pakistan has been struggling to fix its economy for the last many years and it was close to default in 2023 but a timely loan of USD 3 billion by the IMF saved the situation.

• 

  Samsung Electronics announces global job cuts, India among affected regions

  Technology | September 13, 2024 11:34 IST

  This comes as the company faces tough competition in the chip and premium smartphone markets and aims to save money in anticipation of a global slowdown.

• 

  Canada announces to cut low-paid jobs to curb migration | How will it impact Indian youths?

  World | August 27, 2024 16:06 IST

  Prime Minister Justin Trudeau recently took to social media to announce a significant reduction in low-wage jobs. He highlighted that the labour market has evolved dramatically in recent years and emphasized that his government will now focus on supporting Canadian youth.

• 

  Paytm aims to cut around 20 per cent of workforce amid rising employee costs: Report

  Business | May 24, 2024 11:44 IST

  Paytm stated that its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank.

• 

  Whirlpool implements 1,000 job cuts amidst stagnant US appliance demand

  Business | April 25, 2024 9:30 IST

  Whirlpool, the parent company of household appliance brands Maytag and Amana, is initiating a workforce reduction of approximately 1,000 salaried positions globally due to sluggish demand in the US home appliance market.

• 

  Google announces second major round of job cuts in 2024, tech giant says 'change is difficult'

  Business | April 18, 2024 11:03 IST

  Google announced significant restructuring plans, possibly resulting in employee layoffs, with CFO Ruth Porat conveying the message via memo. Porat cited the tech sector's platform shift towards AI, highlighting the need for tough decisions to align with priority areas.

• 

  US Army is cutting over 24,000 posts despite ongoing wars in Gaza and Ukraine I KNOW WHY

  World | February 28, 2024 12:18 IST

  The planned overhaul comes after two decades of war in Iraq and Afghanistan that forced the Army to quickly and dramatically expand in order to fill the brigades sent to the battlefront.

• 

  Nokia declares mass layoffs ahead of festive season, to cut up to 14,000 jobs I KNOW WHY

  Business | October 19, 2023 16:01 IST

  Quoting the reason behind the decision, Nokia said it is aiming to lower its cost base by between ($843 billion and 1.2 billion euros by the end of 2026. That was set to lead to a reduction from 86,000 employees now to between 72,000 and 77,000 during that time period.

• 

  Rolls-Royce slashes up to 2,500 jobs in bid to make company more 'streamlined and efficient'

  Business | October 17, 2023 19:27 IST

  Company's CEO Tufan Erginbilgic said the layoffs are aimed at making Rolls-Royce "more streamlined and efficient". Earlier in 2020, the company slashed 9,000 jobs globally as it grappled with the collapse of air travel during the pandemic.

Advertisement
• 

  Indian-origin Vivek Ramaswamy warns he would fire 75% of govt employees if elected US President

  World | September 14, 2023 14:07 IST

  Ramaswamy said, currently, presidents act like “puppets” who can’t implement policies.

• 

  Uber to lay off 200 employees; 17 pc reduction in workforce since COVID pandemic

  Business | June 22, 2023 16:19 IST

  Since the beginning of the epidemic, the company has reduced its employees by 17 per cent.

• 

  Byju's layoffs | Edtech giant mulls fresh round of job cuts, likely to fire 1,000 employees: Report

  Business | June 09, 2023 13:11 IST

  Byju's layoffs: The sales and marketing teams at the company are likely to bear the brunt most by this decision.

• 

  Amazon employees indeed upset over job cuts, return-to-office mandate; over 20k signed petition

  Technology | May 31, 2023 20:43 IST

  As of Tuesday night, more than 1,800 employees had pledged to walk out around the world, with about 870 in Seattle, according to Amazon Employees for Climate Justice.

• 

  Disney begins 3rd job cut round, 2,500 employees to be affected

  Business | May 23, 2023 14:39 IST

  The company had planned to build the campus about 20 miles (30 kilometers) from the giant Walt Disney World theme park resort, but Josh D’Amaro, chairman of the parks, experiences and products division, said in a memo to employees.

• 

  Amazon layoffs continue as company fires 500 employees across verticals in India

  Business | May 16, 2023 12:26 IST

  Amazon Layoffs: While announcing 9,000 job cuts, CEO Andy Jassy stated that the decision was based on ongoing priority analysis and economic uncertainty in an online note to employees.

• 

  Indian startups continue to bleed but THIS firm is hiring startup professionals affected by layoffs

  Business | April 19, 2023 15:29 IST

  The mobile advertising and digital publishing solutions provider has said that it envisions to hire 150 professionals in the current fiscal

• 

  When will Indian startup sector start recovering from layoff crisis? Experts answer

  Business | April 14, 2023 16:00 IST

  Start up layoff crisis: Some believe that the layoff winter is likely to come to an end in the second half of 2023.

• 

  'I’ve made the difficult decision'- Mark Zuckerberg to cut 10,000 jobs at Meta

  Technology | March 15, 2023 6:16 IST

  The development is part of a spree of layoff announcements by IT giants like- Microsoft, Google and Twitter. IT firms cut thousands of jobs in the last few months citing global slowdown post-Covid.