Lay-offs
upGrad subsidiary Campus lays off 30% of workforce amid funding crunch
This is the second upGrad arm to have recently laid off staff. Last December, Harappa Education, which upGrad had bought for Rs 300 cr in July 2022, let go of 70 people
 "upGrad subsidiary Campus lays off 30% of workforce amid funding crunch")
Zoom abruptly fires president Greg Tomb 'without cause': Report
The executive had taken a high-profile role at Zoom during his short tenure, appearing on earnings calls and overseeing the company's sales operation
 "Zoom abruptly fires president Greg Tomb 'without cause': Report")
'Hard work was a mistake', Twitter employee regrets after being fired
Another 200 staffers fired in fresh round of job cuts
 "'Hard work was a mistake', Twitter employee regrets after being fired")
Twitter fires at least 50 in relentless cut on costs, says report
The job cuts impacted multiple engineering teams, including those supporting advertising technology
 "Twitter fires at least 50 in relentless cut on costs, says report")
Microsoft cuts jobs in HoloLens, Surface, Xbox as layoffs continue
A total of 617 workers were laid off in the Seattle area, according to a notice filed with the state
 "Microsoft cuts jobs in HoloLens, Surface, Xbox as layoffs continue")
In layoff season, social networks are stepping up to help ease the anxiety
Support and empathy on sites such as LinkedIn and a market that is still hiring are softening the blow
 "In layoff season, social networks are stepping up to help ease the anxiety")
Amazon, Goldman Sachs employees flood social media with layoff news
Professional networking platforms, such as LinkedIn and Grapevine, were full of stories of layoffs
'Scariest economics paper of 2022' forecasts huge lay-offs over next 2 yrs
The 'scariest economics paper of 2022' has warned that a high unemployment rate will be necessary to combat inflation and to bring it down to 2%
Cars24 to Vedantu, start-up lay-offs accelerate on capital crunch worries
Falling valuations, slowing funding rounds add to woes; move aimed at conserving cash and shore up profitability
Volkswagen's labour chief says no need for four-day week to save jobs
Volkswagen sees no need for a 4-day week at its plants to secure jobs despite a growing shift to electric cars that are easier to build and require fewer workers, the head of labour relations said
 "Volkswagen's labour chief says no need for four-day week to save jobs")
Coca-Cola offers buyouts to 4,000 US workers, plans to streamline operation
Half of Coca-Cola's sales come from stadiums, movie theaters and other places where people gather in large numbers venues that have been closed during the coronavirus pandemic
 "Coca-Cola offers buyouts to 4,000 US workers, plans to streamline operation")
Hackers posing as HR staff are sending lay off emails to attack firms
Hackers disguised as HR are sending lay-off emails to employees amid the pandemic, pushing malware into devices, accessing data and entering networks of organisations once attachments are clicked open
 "Hackers posing as HR staff are sending lay off emails to attack firms")
US companies announced 633 layoffs related to coronavirus outbreak so far
The entertainment and leisure sector is the most affected so far, Challenger said
 "US companies announced 633 layoffs related to coronavirus outbreak so far")
Medikabazaar offers to hire around 200 recently laid-off Zomato employees
Zomato had laid off 541 employees across its customer, merchant and delivery partner support teams earlier this month
 "Medikabazaar offers to hire around 200 recently laid-off Zomato employees")
Build trust in face of lay-offs
Communicating with employees is the key to easing pain as downsizing cycle sweeps IT
 "Build trust in face of lay-offs")
