Job Cut

Software firm Amplitude lays off 99 employees, 13% of workforce globally

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

Walt Disney begins job cuts with goal of eliminating 7,000 positions

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

Apply for jobs, give interviews on tourist, biz visa in US: Federal agency

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 lays off 700 people in US, 1st among Big4 accounting firms to cut jobs

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

Ford to cut 3,800 engineering, administration jobs in Europe in next 3 yrs

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

Meta beats Street, announces $40-bn buyback; to sack some mid-level staff

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

Paypal to cut 2,000 jobs in push to trim costs amid economic slowdown

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

Without salary for over a yr, HEC employees seek redressal, may move court

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 ...

Firms expect layoffs, cut down in expansions in 2023 amid recession fears

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

Owner Jeff Bezos makes a rare visit at Washington Post amid layoffs fears

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

Amazon poised to kick off fresh round of job cuts affecting 18,000 people

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

Canadian firm Clearco lays off 30% of workforce in second round of job cut

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 to cut engineering jobs this week as layoffs go deeper: Report

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

Goldman Sachs to cut about 3,200 jobs this week after cost review

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

Salesforce to cut 10% of its workforce, pare offices as sales slow

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

With jobs no longer secure, career cushioning is taking centre stage

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

Swiggy to give pink slips to over 250 employees in December: Report

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

Amazon may lay off up to 20,000 employees to streamline costs: Report

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

Twitter loses entire Brussels office after Musk's hardcore working culture

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

Elon Musk now lays off 4,400 contractual workers at Twitter: Report

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