Page 6 - Layoff

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

IBM announces layoffs amid tech slowdown, to cut global workforce by 3,900

In its forecast, IBM said free cash flow in fiscal 2023 is expected to be $10.5 billion while revenue will increase in the mid-single digits

One in four Indians concerned about threat of job layoff, finds survey

Every one in four Indians is concerned about the threat of job layoff while three out of four are worried about rising inflation yet half of them believe that the country's economy will grow in 2023, according to a survey by marketing data and analytics firm Kantar. In its second edition of India Union Budget survey, Kantar found that consumers expect an announcement in policy changes with respect to income tax, with increasing basic income tax exemption limit from current Rs 2.5 lakh being the most common expectation. "At a macroeconomic level, most have a positive outlook -- 50 per cent believe that the Indian economy will grow in 2023 as against 31 per cent, who feel there will be a slowdown. Non-metros at 54 per cent are more optimistic as compared to metros," Kantar said. However, it said the global economic slowdown and a potential resurgence of COVID-19 are key areas of worry for Indians. "Three out of four people are worried about the rising inflation and want the governmen

Biden understands first-hand impact layoff can have on family: White House

US President Joe Biden understands first-hand the crushing impact of losing a job can have on a family, the White House has said, amid the massive layoffs by major tech companies like Google, Amazon, Microsoft and Facebook that have rendered thousands of Indian-American IT professionals jobless. On January 20, Google axed 12,000 jobs across the globe, its CEO Sundar Pichai announced, becoming the latest tech giant after Microsoft, Facebook and Amazon to retrench staff en mass amid the global economic downturn. Last week, Microsoft announced 10,000 job cuts, or nearly 5 per cent of its workforce. Amazon is also cutting 18,000 jobs and Facebook parent Meta was trimming 11,000 positions. The bloodbath in the tech sector that began last year is continuing into 2023. The President understands first-hand how the impact of losing a job can have on a family. He understands that very personally, White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference on .

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

Healtech startup Innovaccer lays off 15% employees amid structural rejig

An Innovaccer spokesperson said that the company's priority is to fully support its impacted employees, which includes offering them a generous package

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

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

TMS Ep353: Apple avoids layoff, El Nino, T+1 settlement cycle, influencers

How has Apple avoided the mass layoff mess? How will El Nino affect Indian farms in 2023? Are FPIs ready for the T+1 settlement cycle? What are influencers? All answers here

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

Amid layoffs, Indian IT professionals look for options to stay in the US

According to The Washington Post, nearly 200,000 IT workers have been laid off since November last year, including some record numbers in companies like Google, Microsoft, Facebook and Amazon

SoftBank-backed InMobi lays off 50-70 staffers, cites performance as reason

Poor performance prompted the company to take this extreme step

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

Spotify to start handing over pink slips as soon as this week: Report

In October, Spotify laid off 38 people from its Gimlet Media and Parcast podcast studios

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

Digital healthcare provider MediBuddy lays off around 200 employees

MediBuddy, an end-to-end digital healthcare platform in India, has laid off 8 per cent of its workforce, around 200 people, across all departments as a restructuring exercise

Google parent Alphabet to cut 12,000 jobs, over 6% of its global workforce

'Thank you for working so hard', says Google after cutting 12,000 jobs

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