Dell and other hardware manufacturers have noticed a drop in demand following a pandemic-era PC boom. According to preliminary statistics from industry researcher IDC, personal computer shipments declined dramatically in the fourth quarter of 2022.
Amazon layoff news: In November 2022 too, Amazon reduced staff size by approximately 10,000, especially in the Devices and Books businesses, and also announced a voluntary reduction offer for some employees in its People, Experience, and Technology (PXT) roles.
Soon after the layoffs began, several Amazon employees took to LinkedIn and posted for new jobs, saying they have been asked to leave.
Amazon’s layoffs come just weeks after Twitter’s new owner billionaire Elon Musk reduced the social media’s workforce by half and Meta announced it will lay off 13 per cent of its workforce or 11,000 employees.
Intel CEO Pat Gelsinger, during the company's Q3 earnings call, said that we are responding to the current environment by taking aggressive actions to reduce costs.
Twitter buyout deal was earlier stalled by Elon Musk after he alleged the social media giant misrepresented the number of fake “spam bot” accounts on its platform.
Hong Kong flag carrier Cathay Pacific on Wednesday announced that it will eliminate 8,500 job posts, making 5,900 staff redundant, and shut one of its regional airlines with immediate effect in an effort to cope with the Covid-19 pandemic-induced fallout.
The Australian Financial Review (AFR) reports that Accenture CEO Julie Sweet, in an internal staff meeting streamed online in mid-August revealed that 5% of their global workforce can be asked to leave the company.
As part of the measures, a total of 4,500 to 5,000 positions in the entire KLM Group, part of Franco-Dutch airline Air France-KLM, will cease to exist. This means that the workforce will be reduced to around 28,000 full-time equivalents (FTEs) in the course of 2021 from the current 33,000 FTEs.
Wipro has no plans to lay off staff at the moment, said Chairman Rishad Premji on Monday asserting that the company has not laid off any employee due to the COVID-19 impact. The Chairman said this while responding to a shareholder at the 74th Annual General Meeting (AGM) which took place virtually.
In April, the French government has offered a 7-billion-euro ($7.91 billion) aid package to rescue Air France, whose planes have been grounded by virus lockdowns around the world.
Qantas CEO Alan Joyce said that the airline was in a strong position before the pandemic but has nonetheless suffered greatly from its effects, making it necessary to undergo a significant overhaul in order to survive.
With the outbreak of coronavirus, most of the countries in the world are on lockdown. Public transport, including air travel, has been suspended in many nations, to contain the spread of COVID-19, by forcing people to stay home.
Going through a turbulent time even before the COVID-19 pandemic hit the world, Uber cut more than 1,100 jobs last year. Earlier this month, the company withdrew its financial forecast for 2020 and said it would write down about $2 billion in investments hit by COVID-19.
Millions of jobs in the global tourism industry could be lost due to the COVID-19 pandemic, which has impacted travel like no other event in history and caused 96 per cent of all worldwide destinations to introduce restrictions in response to the outbreak, the World Tourism Organisation (UNWTO) has said.
Every 1 in 5 Indians is now worried about losing his or her job as the coronavirus pandemic has shut industries and businesses in India, a new survey warned on Wednesday.
In a statement, a company spokesperson said that over the past couple of years, Ola has grown its core mobility business and introduced new business verticals such as financial services, food, public transport technology, and electric mobility.
BSNL's FY19 loss is estimated at over Rs 14,000 crore while its revenue is slated to decline Rs 19,308 crore. It is facing such an acute financial crisis that it has so far not paid employees' October salary but these are expected shortly.
Tata Steel Europe said it had begun consultations with the European Works Council (EWC) on Wednesday on restructuring plans for its business, which would include up to 3,000 job losses – 1,000 of which will be in the UK.
Cognizant expects its October quarter year-on-year revenue growth to be in the range of 2.1-3.1 per cent in a constant currency basis.
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