Page 9 - Layoff

Xiaomi may cut 10% of its workforce amid Covid lockdowns in China

Earlier reports claimed that Xiaomi may cut 15 per cent of its workforce amid Covid lockdowns in China and rough global macroeconomic conditions

Those hired during pandemic 'facing lower productivity': Salesforce Co-CEO

Salesforce is reportedly preparing for another round of layoffs amid leadership changes

Goldman Sachs plans to lay off hundreds of employees: Report

Global investment bank Goldman Sachs is reportedly planning to lay off hundreds of employees at its consumer business

SaaS major Freshworks lays off 90 employees globally; 60 in India

The company's founder chief executive, Girish Mathrubootham too termed it as a structural change, rather than a company-wide layoff

Bucking the trend, IT companies in India to increase hiring in 2023: Survey

India is going to be an overall employment gainer in 2023 due to a stable geographical, economic and political foundation: Randstad

The Washington Post announces layoffs, including some from the newsroom

As layoffs deepen across industries, The Washington Post has announced it will cut jobs amounting to a 'single-digit percentage' from its 2,500-strong workforce

Twitter must tell fired workers about severance lawsuit, says US judge

Filed by a handful of workers, the suit alleges Twitter failed to give the required 60 to 90 days notice about the mass layoffs and is shortchanging the former employees on severance pay

Online education company for IT services Pluralsight lays off 400 employees

Online education company for IT professionals, Pluralsight, which was recently valued at more than $1 billion has announced to lay off 20 per cent of its global workforce, about 400 employees

White-collar workers turn to gig jobs in search of better work-life balance

The demand for the white-collar gig workforce in the previous quarter has gone up seven times as compared to the same period last year

Layoff fallout: Outplacement firms have their hands full with flood of CVs

Tough trade-off: Companies want job guarantee for people they've laid off, but on a bargain

Software firm Salesforce's workers brace for fresh round of layoffs

Salesforce, an enterprise software company, is preparing for another round of layoffs amid leadership changes, increased pressure to meet sales targets, and the influence of activist investors.

Drug, medical services firm PharmEasy may lay off hundreds of employees

The company has a total workforce of about 1500

Low-code software platform Airtable lays off over 20% of its workforce

TechCrunch reported that the impacted employees will get at least 16 weeks of severance pay, accelerated equity vesting and support from an immigration counsel if on visa

Two women sue Elon Musk's Twitter alleging discriminatory layoffs

Two women who lost their jobs at Twitter when billionaire Elon Musk took over are suing the company in federal court, claiming that last month's abrupt mass layoffs disproportionately affected female employees. The discrimination lawsuit is the latest in a series of legal challenges over Musk's decimation of Twitter's workforce through mass layoffs and firings. Days after the world's richest man bought the social media platform for $44 billion, the company told about half of employees on Nov. 4 that they no longer had a job but would get three months severance. The lawsuit filed in a San Francisco federal court this week alleges that 57% of female employees were laid off, compared to less than half of men, despite Twitter employing more men overall before the layoffs. The cutbacks continued throughout November as Musk fired engineers who questioned or criticized him and gave all remaining employees the choice to resign with severance or sign a form pledging extremely hardcore work a

Fintech giant Plaid lays off 260 employees; offers 16 weeks of base pay

Fintech company Plaid is laying off 260 employees, or about 20 per cent of its workforce globally, amid the global macroeconomic conditions

Swiggy to give pink slips to over 250 employees in December: Report

Widening losses: In November, Swiggy decided to shut down its cloud kitchen brand, The Bowl Company, in Delhi and the national capital region (NCR)

Vedantu gives pink slips to 385 employees in 3rd round of layoffs this year

It has sacked over 1,100 employees, so far, amid funding winter

Edtech firm Vedantu lays off 385 employees in 4th job cut round this year

Layoffs have happened across sales, HR, and content teams which, according to the company sources, is part of an aggressive measure to reduce excess burn, thus prioritising profitability over growth

Adobe lays off 100 employees, says 'not doing company-wide layoffs'

Software major Adobe has laid off some 100 employees from its sales team amid the rough global macroeconomic conditions

Online news portal BuzzFeed fires about 12% of workforce amid layoffs

Online news portal BuzzFeed, which also owns the Huffington Post and Complex Networks, has laid off at least 180 employees or 12 per cent of its workforce, as media layoffs grow