In November 2022, Unacademy laid off around 10 per cent of its workforce which is around 350 employees at that time, as funding winter deepens for the Indian startup ecosystem.
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.
Layoffs continue in the technology sector. The latest IT company is Zoom that announced a 15% job cut.
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.
According to the survey, a little more than half of the business economists feel the risk of a recession over the next year at 50 per cent or higher, which means more layoffs in the offing in 2023.
Google Cloud has laid off people in strategy, recruiting, and go-to-market teams. Microsoft has also shut down AltspaceVR virtual reality-based social platform it acquired in 2017. Amazon will also shut down its charity donation programme "AmazonSmile".
Ola has reportedly asked its senior executives to find employees in their teams on a performance basis who can be asked to go.
Chennai: Voicing concern over lay-offs in some IT firms, besides labour troubles in Nokia and Foxconn in Tamil Nadu, the Centre today said it will adopt "conciliatory approaches" when the issues reach them as these
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