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Layoff News

10 Nov 2024

Intel Resumes Free Coffee, Tea Services After Laying Off 15,000 Employees

As part of its broader cost-cutting strategy, Intel focused on reducing expenditures across various non-essential areas.

18 Sep 2024

Cisco Layoffs: Tech Giant To Cut 5,600 Jobs In Latest Round

Employees were only informed in mid-September, leading to nearly a month of uncertainty.

31 Aug 2024

Goldman Sachs To Cut Up To 1,800 Jobs In Annual Review Process: Report

The layoffs which has already begun are expected to affect multiple divisions within Goldman sachs, according to the report.

07 Aug 2024

Dell To Layoff 12,500 Workers, Focus On AI Products And Services

The announcement sparked a wave of reactions on social media including LinkedIn and Reddit.

15 Apr 2024

Elon Musk's Tesla To Reduce Over 10% Of Its Global Workforce

According to reports, the electric vehicle (EV) manufacturer concluded 2023 with a workforce of over 140,000 employees.

26 Mar 2024

Bell Layoffs: Hundreds Employees Laid Off In 10-minute Video Calls

Earlier, In February Bell revealed intentions to cut 4,800 jobs which is equivalent to approximately 9 percent of its workforce.

26 Dec 2023

24 Workers Lost Jobs Every Hour In Last Two Years

Tech companies have fired more than 425,000 employees in the last two years. 1,178 tech companies have laid off 260,771 lakh employees this year globally. 582 employees lost their jobs every day in the last two years or more than 24 workers every hour.

26 Dec 2023

Nike To Layoff employees, Amidst Tepid Sales

Nike has announced to cut hundreds of jobs. Nike hasn’t witnessed a substantial sales surge in 2023. The share prices of Nike fell 10 percent after hours of trading.

15 Oct 2023

Govt Exams-Focused EdTech Adda247 Cuts 250-300 Jobs Across Verticals: Report

Founded by Anil Nagar and Saurabh Bansal in 2016, Adda247 caters to the learning needs of millions of students from tier 2 and 3 cities. Meanwhile, edtech major Byju's has announced to lay off 4,000-5,000 employees in a “business restructuring exercise”.

13 Sep 2023

Binance To Sack Over 100 Employees, Ousts CEO Amid Fresh Layoff Round

Binance's Brian Shroder will be replaced by general counsel Norman Reed, who joined the company in December 2021, on an interim basis.

05 Sep 2023

MS Dhoni Backed Digital Lending Platform Khatabook Lays Off Over 40 Employees

People, who lost their jobs in the exercise, have been given standard severance packages, including three-months salary, among others, the report said, citing people aware of the matter.

25 Aug 2023

Chingari Fires Up To 50% Of Workforce In 2nd Job Cut Round In 2 Months

The latest round of layoffs impacted employees from product, customer support, design and marketing teams, reports leading startup news coverage portal Inc42, citing sources.

Mark Zuckerberg

11 Aug 2023

Mark Zuckerberg, Wife Lay Off 48 Employees From Their Philanthropic Org

The impacted employees were offered a severance package which includes 16 weeks of base pay, continued health insurance and a $10,000 stipend, according to a report in The 74, a nonprofit news site co-founded by Meta’s vice president of media partnerships, Campbell Brown.

20 Jul 2023

Microsoft Slashes 1,000 Jobs, Mostly In Sales, Customer Services: Report

According to a report in Insider, citing sources, the new layoffs are beyond the 10,000 jobs that the tech giant planned to eliminate earlier this year.

10 Jul 2023

This Company Has Laid Off Most Of Its Employees, Moves Operations To Europe

Evernote became one of the first popular note-taking apps when it was launched in 2008.

07 Jul 2023

Amdocs Lays Off 2,000 Employees In 2nd Job Cut Round This Year

In Israel where it was founded in 1982, Amdocs will slash 200 jobs, a reduction of approximately 4 per cent, according to a report in Israel-based website Calcalist.

07 Jul 2023

THIS Company Giving 9 Days Of Paid Leave To Employees To Rest And Recharge

Californian firm HackerRank announcing its company decision to give paid time off to its employees during the first week of July, i.e from 1st July to 9th July.

05 Jul 2023

Google's Mental Health & Wellbeing Manager Loses Job After 10 Years Of Service

On January 20, Google CEO Sundar Pichai had confirmed in a letter to employees that about 12,000 people will be laid off globally, accounting for more than 6 per cent of the total workforce.

30 Jun 2023

Pokemon Go Game Niantic Lays Off 230 Workers, Cancels NBA, Marvel Games

In June last year, the Pokemon GO game developer had laid off eight per cent of its workforce, which was said to be around 85-90 jobs.

National Geographic magazine

30 Jun 2023

This 135-Year Old Magazine Lays Off Last 19 Staff Writers

The company said its future editorial work will be done by freelance writers and the few editors remaining on staff.

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