Page 5 - Layoff

Infosys fires 600 freshers after they fail internal assessment: Report

This comes at a time when hundreds of freshers are waiting for their joining dates at Infosys even though they received the offer letter months ago

Top headlines: Adani group ratings under surveillance, Rs 8,083 cr for PLIs

Business Standard brings you the top headlines at this hour

Google workers stage rallies against job cuts, low wages on US coasts

The protest in New York, which drew about 50 employees outside a Google store on Ninth Avenue, began just minutes after parent company Alphabet Inc. reported fourth-quarter results

Edtech giant Byju's lays off nearly 1,000 employees across verticals

According to the company sources, the layoffs are part of the"optimisation" strategy announced last year where the company plans to sack 2,500, or 5 per cent, of its employees

Edtech major Byju's lays off over 1,000 employees from engineering teams

The edtech sector has laid off the most employees, with 16 edtech startups laying off more than 8,000 employees to date

US layoffs hit two-year high in Jan as tech firms cut thousands of jobs

Retailers, second after tech, cut 13,000 positions in January, compared with virtually no layoffs a year earlier

Electric car maker Rivian aims to cut costs, lays off 6% of workforce

Despite a massive initial public offering in November 2021, the price of Rivian's shares has dropped by about 90 per cent as of Tuesday's closure

Amazon job cuts hit staffers in grocery, robotics, payments, AWS divisions

Amazon announced job cuts of around 18,000 employees last month, and those who lost their jobs were from various divisions of the company, including AWS, healthcare and delivery business, among others

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

Economic Survey: Start-up jobs increase 6x even as funding declines

Tracxn data shows that investments in domestic start-ups declined by 38.8% to $25.8 bn in 2022

Finland invites Indian tech professionals during global layoff season

Nordic country aims to double work-based migration and triple study-based migration by 2030

Cut financial flab to navigate your way through a turbulent job market

Curtail discretionary expenses and avoid fresh loans amid the current uncertainty

Ohio-based Goodyear to cut 500 jobs amid weak demand, rising inflation

The company said it's grappling with inflation in areas such as wages and benefits, countering the benefit from a decline in raw material costs

Amid layoffs, techies looking for ways to get more 'secure' jobs: Report

Global tech companies have laid off around 70,000 employees in the last one year

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

Dow, EY also announce cuts

Tech layoffs: It's business, not personal

It's not that they don't want you, just that they do not need you anymore. Or, so they think

Sequoia emphasises 'zero tolerance' for irregularities after GoMechanic row

Venture capital firm writing off investment in GoMechanic and may take action against company's founders: Sources

Dow Inc is planning to cut about 2,000 jobs, almost 5% of its workforce

Materials science company Dow is cutting about 2,000 jobs, or approximately 5 per cent of its global workforce, as part of an effort to reach USD 1 billion in cost savings this year. The Midland, Michigan-based company currently employs approximately 37,800 people. Dow Inc. will take a charge of USD 550 million to USD 725 million in the first quarter. This mostly includes severance and related benefit costs; costs related to exit and disposal activities and asset write-downs and write-offs. Dow did not provide specifics but said it would evaluate assets with a focus on Europe. The company also reported a fourth-quarter profit of USD 613 million, or 85 cents per share. Its adjusted profit was 46 cents per share, below the 57 cents per share that analysts surveyed by Zacks Investment Research were calling for. Revenue totalled USD 11.86 billion, missing Wall Street's estimate of USD 12.03 billion. In the fourth quarter, Team Dow continued to proactively navigate slowing global grow

Mahanagar to Margin Call: How mass layoffs have been depicted on screen

In India, filmmakers have mostly looked at impact of mass firings on blue-collar workers

Why big tech is firing employees by the thousands? Should we be worried?

What exactly led to this massive shakeout? And what does it mean for the industry, and you?