Browsing Tag
Layoffs
California layoffs jump 60% to 27-month high
California bosses laid off 236,000 workers in March, a 60% jump from the average pace of job cuts in the previous 12 months.
The jump in workers’ involuntary departures to the fastest pace since December 2020 was found in my trusty…
Amazon Lays off 500 Employees in India, Tech Layoffs Continue in Q2
The tech layoff continues as the e-commerce giant Amazon is reportedly firing almost 500 employees in India across departments following the layoff plan announced by the company CEO, Andy Jassy earlier this year.The biggest tech companies…
Elon Musk hints Twitter may rehire some of those who were laid off
Months after sacking nearly half of the workforce of Twitter, outgoing CEO Elon Musk said in a recent interview that the company should “rehire some of the people that were let go”.Musk, who took over the microblogging company in October…
Indian IT firms target overcapacity to reduce expenses
At a time when global IT giants have undertaken layoffs to cut costs and reduce pressure on margins, Indian IT majors are adopting various cost tightening measures to address the issue of overcapacity, top industry officials said.Several…
Israel tech firms to continue job layoffs in 2023: Report
Israeli high-tech firms have largely halted job hiring and many are expected to continue layoffs this year, a report on the country's tech sector showed on Tuesday.One-quarter of companies have stopped recruiting new employees and another…
Amazon lays off employees in India across functions
Amazon is laying off employees in India across different businesses and functions including Amazon Web Services (AWS), human resources, and support functions, multiple people aware of the matter told ET.The Seattle-based technology giant is…
Outgoing Puma India chief racks up $52 million for new startup; Cred unit executes layoffs
Abhishek Ganguly, outgoing India and Southeast Asia managing director of Puma, has raised Rs 430 crore — around $52 million — for his new venture Agilitas Sports. This and more in today’s ETtech Top 5.Also in this letter■ MeitY to lead body…
Sea’s Path to Profit Paved With Layoffs, Single-Ply Toilet Paper
Just over a year ago, Forrest Li was laid up in bed with Covid, fretting about the future of his company, Sea Ltd. So he propped himself up on a pillow to hammer out the latest in a series of memos that would change the course of his…
Layoffs Can Be Tough On Your Mental Health. Here’s How to Cope, From People Who’ve Done…
Kat McGlynn, 40, had worked for an environmental nonprofit in New York City for more than a decade before being laid off in August 2022. It was unexpected, and McGlynn says her mental health was most certainly impacted by the decision.…