Job Cut

"Unfortunately, we are not immune to the headwinds being faced by our customers or to the macroeconomic environment at large"

The cuts are expected to fall on all parts of the company, including theme parks and the ESPN sports networks

The move by the USCIS came as thousands of highly skilled foreign-born workers, including Indians, in the US, have lost their jobs due to a series of recent layoffs at companies like Google, Microsoft

KPMG has announced that it is laying off 2 per cent of its workforce at its office in the United States with an aim to keep costs low as the economy slows

Around 2,300 jobs will go at the carmaker's Cologne and Aachen sites in Germany, 1,300 in the UK and 200 in the rest of Europe, the company said

'Year of efficiency', says Zuckerberg; shares surge over 20%. The stock has added $237 bn in market value since its November low

While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do: Dan Schulman

Around 1,300 staff of Heavy Engineering Corporation (HEC), the PSU that some years ago built a launch pad for ISRO, have not been paid their salaries for over a year forcing them to live in penury, and now they have threatened to move court if the issue is not addressed soon. The employees alleged that because of this situation, they are unable to pay their children's education fees or treat ailing family members properly, and some of them including officers have started selling fruits or tea to make both ends meet. Workers and officers of the Ranchi-based PSU have formed a combined forum, HEC Adhikari Evam Karmachari Jankalyan Sangh, to fight the battle. Its president Prem Shankar Paswan told PTI that they have drawn the attention of President Droupadi Murmu, Prime Minister Narendra Modi, Chief Justice of India D Y Chandrachud, the NHRC and others to their plight through emails on January 23. If our problem is not resolved soon, we will have to move court in February, Paswan ...

A survey of national economists found that more businesses now expect job reductions at their firms and to spend less on expansions for the first time since the pandemic, a sign that the Federal Reserve's push to raise interest rates is doing its job to slow the economy. But the survey shows that business owners are still concerned that the Fed's decision-making could push too hard on the economy and potentially put the US into a recession this year. The January survey by the National Association for Business Economics found that its respondents put on average a reading of -7 on how much they plan to hire at their firms, down from previous reading of +8 in October, when NABE did its previous survey. However, due to inflation, the survey shows that businesses still expect to pay higher wages for the workers they are holding onto. The results of the January 2023 NABE Business Conditions Survey indicate widespread concern about entering a recession this year, said NABE President Julia

I'm delighted to be here and see all these faces... Let's have a news meeting," he told the senior staff present in the meeting on Thursday

The eliminations started last year and initially fell hardest on Amazon's Devices and Services group, which builds the Alexa digital assistant and Echo smart speakers

This is the second round of job cuts, as back in July, Clearco laid off 125 employees or 25 per cent of its workforce.

Microsoft most recently shrank its workforce in October and July, and has eliminated open positions and paused hiring in various groups

The cuts also come a week before the bank's traditional year-end compensation discussions

Salesforce, the largest private-sector employer in its hometown of San Francisco, has almost tripled its workforce in the past four years

Professionals and students striving to make themselves future-ready, future-proof

Widening losses: In November, Swiggy decided to shut down its cloud kitchen brand, The Bowl Company, in Delhi and the national capital region (NCR)

In the last few days, Amazon has reportedly asked the managers to identify performance problems among the employees

The small office of six employees was cut to two in recent weeks following Elon Musk's dramatic culling of staff, according to people with knowledge of the exits

Contractors aren't being notified at all, they're just losing access to Slack and email. Managers figured it out when their workers just disappeared from the system, tweeted Platformer's Casey Newton