Layoffs

Mumbai: More than half (51%) of the employees of India's top 24 unicorns - a combination of top 12 by profitability and top 12 by headcount - are looking for new opportunities as visible in the near-doubling of job seeking activity in this…

Canada's Shopify Inc said on Thursday it would cut 20% of its workforce, reported news agency Reuters. This marks the Canadian ecommerce company's second round of mass layoffs.Shopify announced its first-quarter results where its revenue…

In late March, more than 1,000 technology leaders, researchers and other pundits working in and around artificial intelligence signed an open letter warning that AI technologies present "profound risks to society and humanity."The group,…

Cognizant on Thursday said it is going to terminate around 3,500 employees or 1% of total workforce and also rationalise its office spaces in a bid to cut costs in what is being seen as a challenging time for the IT services sector. Layoffs…

U.S. job openings fell for a third straight month in March and layoffs increased to the highest level in more than two years, suggesting some softening in the labour market that could aid the Federal Reserve’s fight against inflation.…

Even before he joined Lyft’s board in 2021, David Risher had taken hundreds of trips as a passenger so he felt like he knew a lot about the ride-hailing service. But he never expected to be thrust into the driver’s seat at a time when Lyft…

Bay Area tech job cuts revealed so far in 2023 have already topped the total for all of 2022, an ominous reminder of the widening waves of layoffs that the technology industry has orchestrated. Over the first one-third of 2023, a period of…

Ecommerce giant eBay has appointed Vidmay Naini as its general manager for global emerging markets.Based in Singapore, Naini will lead the firm’s business in Southeast Asia, India, Eastern Europe, Israel, the Middle East, Africa, and Latin…

Filming a “day-in-my-life” vlog on TikTok, an Amazon employee inadvertently captured the moment of her layoff from the company.Jennifer Lucas, who worked as a recruiting manager at Amazon for eight years in the US, wrote at the beginning of…

US-based online used-vehicle retailer Vroom has laid off 11 per cent of its workforce, or around 120 employees, across different departments and locations.The job cut is part of an 'organisational restructuring' that Vroom has implemented…