Amazon layoffs: Amazon CEO Andy Jassy acknowledged that some of the actions, like firing 27,000 employees, are tough, but the decision will be good for the business.
Owing to the strict labour laws in France and Germany, Google is speaking with works councils, organisations made up of elected employee representatives that communicate with management about issues affecting the workforce.
A new complaint has been filed against Elon Musk’s Twitter, accusing the social media company of illegally terminating contract workers without warning.
As part of an updated business plan, the fast-food company declared that it will be reconsidering its corporate employment levels. This review could result in layoffs in some areas, while other areas could experience expansion.
This move by Disney comes amid a retrenchment in the entertainment industry, which initially embraced video streaming with great enthusiasm. Established media companies incurred significant losses as they launched competitors to Netflix Inc.
The announcement by Akasa Air to hire nearly 1,000 people by March 2024 will help dispel the pessimism prevailing due to a streak of layoffs by big firms.
In the official blog, Hyams wrote: "We anticipate we will be letting approximately 2,200 people go. This is roughly 15 per cent of our team. The specific decisions on who and where to cut were extremely difficult, but they were made with great care."
Over 1,400 Google employees have signed an open letter to CEO Sundar Pichai demanding better treatment during the company's recent round of layoffs, including a freeze on new hires and protection for workers on leave.
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.
For professional growth, creating something new, more money, difficulty getting hired, being their boss, leading others and others were the top reasons tech workers decided to start a company after being laid off.
Zscaler, a cyber security company recently described a scam which was noticed, which targeted job aspirants. The fraudsters have approached people through LinkedIn's direct messaging feature 'InMail'. Fraudsters are now using artificial intelligence (AI) to create fake profile photos.
Companies are using ChatGPT to write codes, copywriting and content creation, customer support and prepare meeting summaries. About 77 per cent of firms using ChatGPT said they use it to help write job descriptions and 66 per cent said the AI chatbot is drafting interview solicitations.
This recent layoff impacted more than 50 employees, across different several departments. Martijn de Kuijper, who was the creator of the now-shuttered Revue newsletter platform which was acquired by Twitter in 2021, was also impacted by the firing spree of the company.
The robots have gained a greater grasp of the world slowly around them and will become more adept at executing ordinary activities, by using a combination of machine, by learning techniques like collaborative learning, learning from demonstration and reinforcement learning.
Yahoo would lay off over 20% of staff in a major restructuring effort. Technology giant has announced job cuts in its advertising technology division, affecting nearly half of its ad tech employees.
Infosys fired 600 newly-employed freshers after they failed an internal assessment. This occurs at a time when hundreds of new hires at Infosys are awaiting their joining dates despite receiving offer letters months earlier.
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.
According to a Bloomberg News report, Pinterest is laying off 150 people, or less than 5% of its overall workforce. Pinterest is the latest in a long line of IT firms to lay off employees.
Tinder and Hinge dating apps are planning to lay off around 2,500 employees and 40 part-time employees, as the sales go down in the Match Group. Around 200 people are expected to be affected by the latest round of layoffs.
Spotify has said that they have around 9,800 full-time employees, out of which the organisation is planning to remove around 6 per cent workforce. The average employee will get a maximum of 5 months of severance that will be calculated based on local notice period requriements.
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