Netflix surprises the staff, lays off 150 employees
Technology | May 18, 2022 11:52 ISTNetflix has been witnessing the loss of subscriptions and this made the streaming giant lay off around 150 employees from the company recently.
Netflix has been witnessing the loss of subscriptions and this made the streaming giant lay off around 150 employees from the company recently.
Spotify, a Swedish music streaming giant has reportedly shut down its podcast studio and laid off some members of the team. Spotify declines to comment on the report.
Hospitality firm OYO has laid off around 300 employees mainly from renovation and operations departments, according to sources in know of the matter.
Bata India Chairman Ashwani Windlass on Thursday said it has not laid off any employee so far, but admitted that there is not much clarity on "where the footwear major is heading" amid the raging COVID-19 pandemic.
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.
IndiGo will lay off 10% of its workforce, CEO Ronojoy Dutta announced today. The low-cost carrier's decision comes at a time when the country is battling coronavirus pandemic, which has eaten up into a lot of business.
The cabin crew of Air India has told the management that the compulsory leave scheme is a smokescreen for retrenchment by the backdoor and has demanded that it be kept in abeyance.
BookMyShow has decided to lay off around 270 employees in India and globally as business has hit due to the outbreak of coronavirus.
Cab aggregator Ola is laying off 1,400 staff from rides, financial services and food business as revenues declined by 95 per cent in the last two months due to coronavirus pandemic, a note by CEO Bhavish Aggarwal said.
Global tech major Microsoft Inc. is reportedly planning to lay off thousands of employees worldwide in order to restructure its salesforce
The Cognizant layoff case has been closed in favour of employees, Telangana Joint Labour Commissioner said.
The third largest e-commerce player in India, Snapdeal to lay off its staff across verticals as co-founder Kunal Bahl admitted to making mistake in growing much before it could figure out right economic model. Struggling
E-commerce giant Flipkart today rubbished the reports that it was downsizing or laying off 700-1000 employees for poor performance, saying it has been done to “encourage low performing staff” to look for other opportunities in
San Francisco: Social media giant Twitter is laying off up to 336 employees, signaling CEO Jack Dorsey's resolve to slash costs while the company struggles to make money.The cutbacks announced Tuesday could equate to about
Milan, Dec 14: AC Milan says the ankle injury picked up by defender Mario Yepes in its Serie A game against Bologna is a serious one and will require further tests.Yepes was substituted just after
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