Articles for Layoffs Company

Ola Electric layoffs: 500 employees likely to lose jobs amid restructuring
1 month ago

Ola Electric layoffs: 500 employees likely to lose jobs amid restructuring

India Today  

Ola Electric is reportedly preparing for a restructuring drive that could impact over 500 employees, representing more than 12% of its 4,000-strong workforce, reported Business Standard. In its first post-IPO financial results for Q2 FY25, Ola Electric reported a 38.5% year-on-year revenue growth to Rs 1,240 crore, primarily driven by a 73.6% increase in deliveries. Ola Electric’s network of 782 …

Company Ola Electric Ipo Stock Exchange
General Motors layoffs: Automaker cuts nearly 1,000 jobs worldwide to lower costs
1 month, 1 week ago

General Motors layoffs: Automaker cuts nearly 1,000 jobs worldwide to lower costs

Live Mint  

DETROIT — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The company had 76,000 white-collar workers worldwide at the end of last year. Chief Financial Officer Paul Jacobson said last month that GM is on track to reach its goal of cutting $2 billion in fixed …

Company General Motors
Boeing says it's considering temporary layoffs to save cash during the strike by machinists
3 months, 1 week ago

Boeing says it's considering temporary layoffs to save cash during the strike by machinists

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Boeing Strike Workers Company
Paytm layoffs: Company warns of job cuts as revenue falls 2.7%
7 months ago

Paytm layoffs: Company warns of job cuts as revenue falls 2.7%

Hindustan Times  

Paytm announced that there may be job cuts at the company as it plans to trim non-core assets following its first-ever decline in sales on May 22. Paytm reported Q4 results after a regulatory probe into its financial arm Paytm Payments Bank by the Reserve Bank of India In a letter to shareholders, Vijay Shekhar Sharma said, “We expect near-term …

Payments Paytm Layoffs Company
Tesla layoffs: ‘Your last working day is today’, Elon Musk's ‘insensitive’ termination mail to employees goes viral
7 months, 2 weeks ago

Tesla layoffs: ‘Your last working day is today’, Elon Musk's ‘insensitive’ termination mail to employees goes viral

Hindustan Times  

As the bloodbath continues at world's one of richest man, Elon Musk's company Tesla, his former employees are now sharing experiences of how their association with the company was snapped with a single mail. Viral image of Tesla's separation letter as Elon Musk's company announces another round of layoffs In the latest round of layoff workers from the company’s software, …

Tesla Employees Work Company Mail Elon
Tesla lays off more staff in service and software team: Know why?
7 months, 2 weeks ago

Tesla lays off more staff in service and software team: Know why?

India TV News  

Tesla, an e-automobile headed by Elon Musk has reportedly laid off staff from the software, service and engineering departments- tech publication Electrek reported on Monday, citing sources familiar with the matter. The move took place after the Elon Musk-led automaker disbanded its EV charging department following Tesla's announcement last month that it was reducing its global workforce by more than …

Tesla Musk
Nike’s Layoffs Prove the Olympics Can’t Solve Its Midlife Crisis
8 months, 1 week ago

Nike’s Layoffs Prove the Olympics Can’t Solve Its Midlife Crisis

Wired  

As with any aging company, the reasons for this are complex. “Nike’s innovation is not where it should be … and the company has been distracted,” said David Swartz, a senior equity analyst for Morningstar, who cited a number of reasons why Nike’s business is no longer stellar. “However, is not a sneakerhead.” As if that weren’t enough, the creative …

Olympics Nike Company Swartz
Paytm layoffs: More employees across departments may face axe in annual performance review, says report
9 months, 1 week ago

Paytm layoffs: More employees across departments may face axe in annual performance review, says report

Hindustan Times  

Paytm layoffs: Paytm's parent company One 97 Communications will lay off more employees across departments in the annual performance review, it was reported. Citing people in the know, Moneycontrol reported that the exact number of people who will be impacted by the Paytm layoffs remains unclear, “some departments have been asked to reduce their team size by as much as …

Performance Report Paytm Layoffs Paytm Layoffs
Just for Laughs Montréal comedy festival canceled amid bankruptcy filing, layoffs
9 months, 2 weeks ago

Just for Laughs Montréal comedy festival canceled amid bankruptcy filing, layoffs

LA Times  

River Butcher performs at the Comics to Watch showcase during the 2017 Just For Laughs Comedy Festival in Montréal. The organizers behind Canada’s global Just for Laughs Montréal comedy festival have canceled this year’s edition as its parent company faces bankruptcy and additional layoffs. “Unfortunately, the 2024 edition of the Just for Laughs / Juste pour rire festival will not …

Festival Company Laughs Groupe Juste Jpr Montréal Just For Laughs
More layoffs at Roku as the streaming device maker plans to cut 10% of staff
1 year, 3 months ago

More layoffs at Roku as the streaming device maker plans to cut 10% of staff

LA Times  

Streaming device maker Roku on Wednesday said it will lay off 10% of its workforce — reportedly cutting about 300 people — in the third round of staff reductions within a year for the San Jose-based company. Hollywood Inc. Roku to lay off another 200 workers in latest round of cuts Roku on Thursday said it plans to cut 200 …

Company Million Cut Its Workforce Quarter Roku Streaming Device
Disney starts 2nd round of layoffs across parks, ESPN
1 year, 7 months ago

Disney starts 2nd round of layoffs across parks, ESPN

Associated Press  

The Walt Disney Co. will be laying off several thousand employees this week, a second round of cuts that’s part of a previously announced plan to eliminate 7,000 jobs this year. The company previously said that it doesn’t expect the job cuts to impact hourly frontline operations roles at its parks and resorts. Disney anticipates a third round of job …

Job Disney Cuts Parks Espn
McDonald’s temporarily closes US offices ahead of layoffs
1 year, 8 months ago

McDonald’s temporarily closes US offices ahead of layoffs

Associated Press  

McDonald’s has closed its U.S. offices through Wednesday and told its corporate staff to work remotely as it prepares to announce a round of layoffs. McDonald’s warned employees in January that layoffs would be coming as it tried to get more nimble and break down walls between its global markets. In a January memo to employees, McDonald’s President and CEO …

Corporate Employees Company Kempczinski Layoffs Offices Ahead
Marvel Entertainment’s Ike Perlmutter booted amid Disney layoffs
1 year, 8 months ago

Marvel Entertainment’s Ike Perlmutter booted amid Disney layoffs

LA Times  

Walt Disney Co. has bounced Marvel Entertainment chairman Isaac “Ike” Perlmutter. When Disney purchased the comic book publisher Marvel in 2009, Perlmutter instantly became one of the largest individual shareholders in the entertainment conglomerate, giving him rare powers. Perlmutter, according to Disney, said having Peltz would “help Mr. Chapek counter recent headwinds he had faced, solidify his position as CEO, …

Disney Marvel Company New York Studio Including Iger
Atlassian to cut 500 jobs in latest tech layoffs
1 year, 9 months ago

Atlassian to cut 500 jobs in latest tech layoffs

Hindustan Times  

Atlassian Corp. will cut about 5% of its workforce, or 500 full-time employees, becoming the latest software company to eliminate jobs. “We need to go further in rebalancing the skills we require to run faster at our company priorities,” co-Chief Executive Officers Mike Cannon-Brookes and Scott Farquhar wrote in a memo to employees disclosed in a regulatory filing Monday. The …

Company Tech Layoffs Cut 500
Twitter employees found out about their layoffs after they were denied access to their work emails and laptops
1 year, 9 months ago

Twitter employees found out about their layoffs after they were denied access to their work emails and laptops

India Today  

In November 2022, after firing the majority of Twitter's workforce, Elon Musk had promised that there would be no more layoffs at the company. However, since then, Musk has conducted multiple rounds of layoffs at Twitter and the company that once had over 7,500 people now roughly has around 2,000 left employees in it. As per latest reports, several Twitter …

Employees Musk Elon Musk Report Twitter Twitter Employees
Philips restructuring: Massive layoffs and recall of sleep apnea devices
1 year, 10 months ago

Philips restructuring: Massive layoffs and recall of sleep apnea devices

NL Times  

An expected restructuring involving a major round of layoffs will draw plenty of attention Monday when Dutch healthcare technology group Philips releases its 2022 results. According to the newspaper Eindhovens Dagblad, at least 1000 jobs will disappear in the Netherlands alone, as Philips made a loss of more than 1.5 billion euros last year. For example, Philips is still in …

Sleep Apnea Philips Sleep Apnea Device
After Layoffs, Google CEO Sundar Pichai Announces Pay Cuts For Senior Executives
1 year, 10 months ago

After Layoffs, Google CEO Sundar Pichai Announces Pay Cuts For Senior Executives

News 18  

Senior executives at Google will face pay cuts this year as part of cost cutting measures. In a meeting on Monday to address the ‘largest’ round of layoffs in tech giant’s history, CEO Sundar Pichai said that top executives will be subjected to pay cuts as part of the company’s cost-cutting measures, CNBC TV18 reported. Meanwhile, the layoffs are global …

Senior Pichai Layoffs Senior Executives Google Ceo Pay Cuts
From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January
1 year, 11 months ago

From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January

Firstpost  

While all firms may not be on Layoffs.fyi list, here is a look at the major job cuts in IT, IT services and other sectors in January 2023 New Delhi: From Google, Amazon to Microsoft, the first three weeks of January have already witnessed layoffs of 55,970 employees across 173 companies around the world, as per data on job cuts …

Job Employees Google Workforce Microsoft Cuts It Services
Layoffs at ShareChat to affect 600 employees
1 year, 11 months ago

Layoffs at ShareChat to affect 600 employees

Live Mint  

Ltd, which runs the social media platform ShareChat and short video platform Moj, on Monday laid off around 20% of its employees due to “external macro factors” impacting the cost and availability of capital. The affected employees lost access to Slack by 6am and received an email from Sachdeva on their personal email IDs around 8am, a former employee said. …

Employees Sachdeva Email Layoffs Sharechat Mohalla Tech Company Mohalla
Amazon starts layoffs in India: Over 1,000 employees to be handed pink slips
1 year, 11 months ago

Amazon starts layoffs in India: Over 1,000 employees to be handed pink slips

Live Mint  

As Amazon starts its second round of layoffs, it is expected that over 1000 employees in India will be handed the pink slip, as per a TOI report. The layoffs are likely to happen across various departments, including tech, human resources, and others likely to be handed pink slips. In last week's blog post, Amazon CEO Andy Jassy said that …

Amazon Layoffs Impacted Employees
Twitter layoffs: Dozen of staff fired in Dublin, Singapore
1 year, 11 months ago

Twitter layoffs: Dozen of staff fired in Dublin, Singapore

Live Mint  

Twitter Inc has fired a dozen of staff in the trust and safety team handling global content moderation and in the unit related to hate speech and harassment, Bloomberg news agency reported. As per Bloomberg's report, the affected staff include Nur Azhar Bin Ayob, the head of site integrity for Twitter’s Asia-Pacific region, a relatively recent hire; and Analuisa Dominguez, …

Twitter
January Is One Of The Most Notorious Months For Layoffs. Here's How To Get Through It.
1 year, 11 months ago

January Is One Of The Most Notorious Months For Layoffs. Here's How To Get Through It.

Huff Post  

sesame via Getty Images January is a busy month for layoffs and there are steps you can do now to prepare, whether or not you know for sure that you are losing your job this month. In a letter to employees, Salesforce CEO Marc Benioff said the company is cutting 10% of its workforce, explaining it had “hired too many …

Job Company Month Your Job Layoffs Sucher
Amazon CEO says layoffs will extend into next year
2 years, 1 month ago

Amazon CEO says layoffs will extend into next year

The Hindu  

The mass layoffs that began in Amazon's corporate ranks this week will extend into next year, CEO Andy Jassy said on Thursday. In a note sent to employees, Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. Mr. Jassy said this year's review is "more difficult" due to the economic landscape and the …

Next Year Jassy Company Amazon
How to beat recession making money with your home: Airbnb CEO floats this idea
2 years, 1 month ago

How to beat recession making money with your home: Airbnb CEO floats this idea

Live Mint  

After years of trying to expand into other sectors, the CEO of holiday home giant Airbnb, wants to get back to the basics: helping people make money. It also snapped the company's foray into travel "experiences", Airbnb's move into tourist activities. - 'Huge business' - In order to face the challenge, more hosts are needed: "We got to help people …

Airbnb Chesky