Page 3 - Job Cuts

IBM, SAP SE to cut thousands of jobs globally amid tech layoffs

Dow, EY also announce cuts

SAP plans to sell its stake in Qualtrics, cut 3,000 jobs to boost profit

SAP Chief Executive Officer Christian Klein said in a call with reporters that the job cuts were a strategic move and "not related to our business momentum

3M to cut 2,500 jobs as CEO Roman vows to reexamine 'everything we do'

The maker of Post-it notes, surgical supplies and touch-screen displays said Tuesday that it sees adjusted earnings for 2023

3M plans to cut 2,500 jobs globally as outlook signals more turbulence

3M shares dropped as much as 4.7% before the start of regular trading in New York

Healthtech unicorn Innovaccer sacks 245 workers, second job cut in 5 months

Innovaccer had said that its business fundamentals are still strong

Cut 20% jobs at Alphabet, key investor Christopher Hohn tells Sundar Pichai

Google's parent company Alphabet has eliminated 12,000 jobs or 6 per cent of its workforce

Google CEO Sundar Pichai tells staff job cuts avoided 'much worse' issues

Google has said it would eliminate about 12,000 jobs, becoming the latest tech giant to retrench after years of abundant growth and hiring

Spotify lays off 600 employees globally, CEO takes full responsibility

The company had just over 9,800 full time employees as of its last earnings report

Ford plans to cut 3,200 jobs in Europe; union says, 'vowing a fight'

Ford of Europe produces, sells and services Ford brand vehicles in 50 markets, employing around 45,000 people at its own facilities and consolidated joint ventures, according to its website

Ugly truth of layoffs: Firms invest huge resources to rebuild workforce

'Understaffing isn't always a result of management short-sightedness'

About 3,000 tech employees being fired a day on average in Jan: Report

Google's parent company Alphabet announced to lay off 12,000 employees, or about 6 per cent of its workforce

Google cuts add to tech wipeout that has claimed over 100,000 jobs

Big tech companies benefitted from boom in e-commerce sector that kicked off during Covid lockdowns in 2020 but now they are reporting declining growth rates as customer behavior returns to normal

Swiggy lays off 380 employees, CEO dubs over-hiring a 'poor judgement'

Sriharsha Majety says 'I should've done better here'; firm shuts down meat marketplace business

Swiggy lays off 380 employees, CEO says 'very difficult decision': Report

CEO Sriharsha Majety said the growth rate has slowed down more than the company's projections

WeWork to cut 300 jobs globally as inflation weighs on workspace spending

The company said on Thursday it expects to report fourth-quarter revenue and adjusted EBITDA above its earlier expectations

Twitter plans further layoffs in product division in coming weeks: Report

Musk had said in November that Twitter was facing "a massive drop in revenue" as advertisers dropped out

Crypto exchange Coinbase fires 950 people, shuts down several projects

The crypto company in June last year eliminated 18 per cent of its workforce, or nearly 1,100 people

Amazon plans to lay off around 1,000 employees in India: Report

E-commerce company Amazon plans to lay off around 1,000 employees in India as part of its biggest retrenchment exercise across the globe, according to sources. The company has announced the elimination of over 18,000 roles across the globe due to uncertain economic conditions. "The decision to eliminate 18,000 job roles across the globe will impact about 1,000 employees in India," the source said. Another source said Amazon has 1 lakh employees in India and the decision will impact 1 per cent of staff in the country. When contacted, an Amazon India spokesperson did not offer any comment but shared the blog link of Amazon CEO Andy Jassy where he has informed the company's decision to eliminate 18,000 roles across the globe. "Between the reductions, we made in November and the ones we're sharing today, we plan to eliminate just over 18,000 roles. Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PXT organisations," Jassy said. As of

Amazon to axe 18,000 jobs globally; CEO blames 'uncertain economy'

The job cuts - about 80 per cent higher than earlier estimates - are part of Amazon's annual operating planning review process

Amazon to slash more than 18,000 jobs as technology slump deepens

The reduction is concentrated in the firm's corporate ranks, mostly Amazon's retail division and human resources functions like recruiting