Page 4 - Layoff

Flexi-staffing industry's Q3 growth lowest in past 10 quarters: ISF Data

Global layoff-driven dip in IT hiring drags overall growth figure to 0.8%

92% recruiters optimistic about hiring in H1CY23: Naukri.com report

Recruiters foresee maximum layoffs for senior professionals, with 20% of recruiters predicting the same. Freshers are expected to be least impacted by hiring corrections

Sacking 7,000 employees in 2-hour call was bad idea: Salesforce CEO

Salesforce employees had slammed CEO Marc Benioff for being evasive during the meeting

71% Indians confident to retain jobs in 2023 despite global layoffs: Report

While 63 per cent of professionals with 0-3 years of experience are confident about retaining their job, this number jumps up to 83 per cent for professionals with more that six years of experience

Activists protest outside Twitter HQ in support of laid-off workers

Some of the laid-off employees filed a class-action lawsuit against Twitter and Musk, alleging the sacking violated state and federal labour laws

GoDaddy CEO Aman Bhutani cuts 8% jobs amid tough macroeconomic situation

In an email to employees, Bhutani said that most impacted roles are in the US, affecting multiple levels in the company and every division

Yahoo to lay off more than 20% of staff to restructure its ad tech division

The cuts will impact nearly 50% of Yahoo's ad tech employees by the end of this year, including nearly 1,000 employees this week, the company said

US-based healthtech firm Nomad Health lays off 17% of its workforce

US-based Nomad Health, a healthcare staffing start-up, has laid off 17 per cent of its workforce this week, amid tough macroeconomic conditions

Short video app TikTok hands over pink slips, fires entire India staff

Most of the employees of TikTok India were working in Brazil and Dubai markets after the Centre banned the app in India in June 2020

PayPal forecasts strong full-year profit, says CEO to retire at year-end

The company's upbeat forecast also comes alongside its previously announced commitment of lowering expenses in the backdrop of its key e-commerce segment feeling the pinch of a slowdown

2,500 IT freshers to be given pink slips for failing screening test: Report

The screening tests may also get more stringent as the firms are under pressure to honour campus offers but are already overstaffed

Disney to cut 7,000 jobs in major revamp to make streaming biz profitable

The layoffs represent an estimated 3.6% of Disney's global workforce

Zoom to lay off around 1,300 employees, CEO Eric Yuan taking 98% pay cut

Zoom on Tuesday announced that it will lay off about 1,300 employees, or approximately 15 per cent of its staff, becoming the latest tech company to announce significant job cuts

As layoffs continue, companies may tweak processes to determine appraisals

In the upcoming year, the salary hikes are less likely to be dependent upon seniority

Indian startups fired 6,000 employees in third quarter, says report

This can be attributed to investors lowering funding amid high volatility in global markets

EBay to cut 4% of its workforce amid low consumer demand worldwide

The reductions are in response to the "macroeconomic situation around the world," Chief Executive Officer Jamie Iannone said Tuesday in a statement

PC sales set to slow down in India as hardware firms announce layoffs

Sale boom during pandemic waning as consumers delay purchase due to fear of recession: Report

IT firms tighten employee scrutiny amid high costs, thin margins: Report

The senior employees who have been hired at a premium over the past two years will also face a greater degree of scrutiny

Battered by plunging PC sales, Dell to cut nearly 6,650 jobs globally

The company is experiencing market conditions that "continue to erode with an uncertain future," Co-Chief Operating Officer Jeff Clarke wrote in a memo

Life after layoffs: Disbelief, confusion and a fight for survival

As they cope with grief and a feeling of loss, many of those let go by firms are turning to therapy