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Mass Layoffs

Microsoft

Microsoft Layoffs Hit Again As Company Cuts Hundreds Of Jobs

These cuts extend beyond the 10,000 global layoffs that Microsoft announced in January

11 July 2023

Oracle layoffs 2023 and job cuts

Oracle Layoffs Hit Again As Company Gives Pink Slips And Cancels Job Offers In Health Unit: Report 

Oracle layoffs were reportedly largely due to Cerner’s challenged work with the US Department of Veterans Affairs

16 June 2023

Job Layoffs

SoftBank Layoffs May Hit 30% Staff Of Vision Fund Unit Soon: Report

Before this, SoftBank layoffs happened in September 2022 as well when the world economy was bracing for a global economic downturn

13 June 2023

Mass Layoffs at Ola

Olx Layoffs Hit 800 Employees As Group Shuts Down Some Markets: Report

Olx layoffs come at a time when the company started to close operations of its automotive business unit Olx Autos in some markets

21 June 2023

Accenture

After Mass Layoffs, Accenture Plans To Double AI Workforce: Report

Accenture will reportedly invest $3 billion in its Data and AI practice over the next three years

14 June 2023

Representational image of a man being fired.

Better.com Layoffs Resurface Months After CEO Vishal Garg Fired Employees Over Zoom Call: Report 

Better.com’s CEO has reportedly fired close to 4,000 employees till date, both in the United States and India

12 June 2023

Deepti Varma, VP, PXT, Amazon Stores India

'Amazon Has A Same Gender Partner Coverage Program': Deepti Varma, VP, PXT On Pride Month, Policies & More

In an exclusive conversation with Outlook Business, Deepti Varma, Vice President, PXT, Amazon talks about the company's efforts on DEI, pride month, inclusive policies, mass layoffs and more

16 June 2023

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Citigroup layoffs

Citigroup Layoffs To Hit London Unit Again, Months After Layoffs: Report

Citigroup layoffs have also reportedly impacted staffers across firm’s operations, technology organisation and US mortgage-underwriting arm

12 June 2023

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09 June 2023
BYJU’s Layoffs To Leave More Employees Out Of Jobs In Fresh Cost Cutting Drive: Report

BYJU’s Layoffs To Leave More Employees Out Of Jobs In Fresh Cost Cutting Drive: Report

BYJU’s layoffs come at a time when the company skipped a quarterly interest payment of about $40 million


08 June 2023
L.A. Times’ Layoffs To Leave 13% Newsroom People Out Of Jobs: Report

L.A. Times’ Layoffs To Leave 13% Newsroom People Out Of Jobs: Report

Despite these layoffs, going forward, the L.A. Times reportedly expects newsroom staff to be around 500 or more


07 June 2023
Reddit Layoffs Hit 5% Workforce As Company Reduces Hiring Plans: Report

Reddit Layoffs Hit 5% Workforce As Company Reduces Hiring Plans: Report

Reddit layoffs will reportedly be executed across the company and were announced by the company’s CEO Steve Huffman


06 June 2023
Spotify Layoffs Hit Another 200 Employees In Podcast Unit: Report

Spotify Layoffs Hit Another 200 Employees In Podcast Unit: Report

This round of Spotify layoffs amount to roughly 2 per cent of the company’s global workforce


01 June 2023
Amazon Layoffs, Work-From-Office Mandate Invite Protests From Nearly 2,000 Employees: Report

Amazon Layoffs, Work-From-Office Mandate Invite Protests From Nearly 2,000 Employees: Report

Amazon layoffs too, have been making headlines with thousands of people being sacked and left without jobs


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31 May 2023
Goldman Sachs Layoffs May Hit Nearly 250 Jobs In Coming Weeks: Report

Goldman Sachs Layoffs May Hit Nearly 250 Jobs In Coming Weeks: Report

Goldman Sachs layoffs could be spread across seniority levels and includes partners and managing directors


30 May 2023
Guild Layoffs Hit 12% Workforce As Company Focuses On Long-Term Growth: Report

Guild Layoffs Hit 12% Workforce As Company Focuses On Long-Term Growth: Report

Talking about mass layoffs, Guild CEO Rachel Romer said (as per the report) that the layoffs were “incredibly painful”


29 May 2023
Rolls Royce Layoffs Likely To Leave Thousands Out Of Jobs: Report

Rolls Royce Layoffs Likely To Leave Thousands Out Of Jobs: Report

Rolls Royce layoffs may have the most impact in its non-manufacturing unit, where close to 3,000 employees of its global workforce may be left without jobs


29 May 2023
JP Morgan Layoffs To Begin This Week; Nearly 500 Employees To Be Sacked: Report

JP Morgan Layoffs To Begin This Week; Nearly 500 Employees To Be Sacked: Report

The move of JP Morgan layoffs not just reflect the effects of a global economic downturn but also the company’s efforts in optimising its operations


26 May 2023
Telecom Major Verizon Layoffs May Hit Its Customer Service Division Soon: Report

Telecom Major Verizon Layoffs May Hit Its Customer Service Division Soon: Report

Verizon layoffs also come in the backdrop of a global economic downturn when several companies and world economies are navigating tricky waters


26 May 2023
Viral: Amid Layoffs, Wipro Chairman Rishad Premji Takes 50% Paycut

Viral: Amid Layoffs, Wipro Chairman Rishad Premji Takes 50% Paycut

Wipro's Premji reportedly received a total compensation of $951,353 which is almost half of the compensation he received last year


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25 May 2023
Silicon Valley Bank Layoffs Hit 500 Employees As First Citizens Bank Cuts Jobs: Report

Silicon Valley Bank Layoffs Hit 500 Employees As First Citizens Bank Cuts Jobs: Report

Silicon Valley Bank layoffs may end up impacting close to 3 per cent of the total workforce with India being insulated for now


25 May 2023
Zuckerberg-Led Meta Layoffs Begin Across WhatsApp, Instagram And Facebook: Report

Zuckerberg-Led Meta Layoffs Begin Across WhatsApp, Instagram And Facebook: Report

Referring to mass layoffs, Mark Zuckerberg in March announced that this round of job cuts is expected to be executed in three phases and over several months


25 May 2023
Amid Layoffs, Reliance Industries Slows Hiring, Reviews Compensation In Retail And Telecom: Report 

Amid Layoffs, Reliance Industries Slows Hiring, Reviews Compensation In Retail And Telecom: Report 

In the wake of these layoffs, both Reliance Retail and Reliance Jio Infocomm have reportedly slowed down their hiring and are expected to just hire on...


24 May 2023
Alibaba Layoffs To Impact 7% Employees In Cloud Division: Report

Alibaba Layoffs To Impact 7% Employees In Cloud Division: Report

Alibaba layoffs are however, leading to a scenario where the company is either giving people the option of accepting severance packages or transferring to...


23 May 2023
Disney Layoffs 2023 Begin For A Third Round As Company Cuts More Than 2,500 Jobs: Report

Disney Layoffs 2023 Begin For A Third Round As Company Cuts More Than 2,500 Jobs: Report

As Disney layoffs continue in line with February’s announcement by Iger, this time, it is not known that which departments/divisions will be affected by job...


23 May 2023
Reliance JioMart Layoffs Begin, Over 1,000 Employees Sacked: Report

Reliance JioMart Layoffs Begin, Over 1,000 Employees Sacked: Report

Reliance JioMart layoffs have impacted over 1,000 employees as the Ambani family-led entity steps up to align its operations with Metro Cash and Carry


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