A wave of layoffs in the information technology sector is set to unfold as Meta Platforms and Microsoft plan job cuts or announce buyouts that could affect as many as 23,000 employees.
I was not familiar with the concept of “layoff” when I was in India. My father used to work in a jute mill and occasionally faced “lock outs” which meant that gates of the mill were locked by the company and no employee was allowed to enter the premises and work; they did not get paid either.
While layoffs in the global tech industry continue unabated, employers in the US are planning to budget less for salary raises next year, according to a new report.
Barclays reinforces its Indian team while downsizing globally, emphasizing commitment to the Indian market.
Online food delivery platform Swiggy's losses doubled to Rs 3,629 crore in FY22 compared to Rs 1,617 crore in the last fiscal year.
Amazon CEO Andy Jassy has warned employees that there will be more layoffs at the company in early 2023 "as leaders continue to make adjustments". The e-commerce giant publicly confirmed some layoffs on Wednesday and now, Jassy has said more layoffs are coming as Amazon's annual planning process extends into the new year.
While expressing his gratitude and love for every individual who has ever worked for Twitter, he added that he did not anticipate that sentiment to ever be reciprocated.
As per the reports the layoffs are taken across the field of engineering, sales and marketing, and communications teams.
In January and February this year, the unemployment rate in the EU stood at 7.3 per cent and 7.5 per cent, respectively, equivalent to almost 16 million people.
Earlier, Uber Technologies Inc had said the COVID-19 crisis had impacted a total 6,700 jobs globally, including the 3,700 layoffs announced earlier this month.
