Layoff

Funding may dry up for next 12-18 months: Unacademy CEO tells employees

Travel only if it is absolutely needed and meetings that can happen on Zoom should happen on Zoom, Gaurav Munjal tells employees

Cars24 asks 600 employees to leave on basis of 'poor performance'

Pre-owned e-commerce platform Cars24 said that around 600 employees have been let go based on their poor performance and not owing to any "cost cuts".

Amazon aggregator Thrasio Holdings appoints new CEO amid reported layoffs

Thrasio on Monday announced that Greg Greeley has joined its Board of Directors and will become the company's next CEO in August, succeeding current CEO and Co-Founder Carlos Cashman

Netflix lays off seasoned journalists after abysmal Q1 results

Netflix has reportedly laid off several experienced journalists and writers working for its entertainment site Tudum which it launched only in December last year

Alibaba, Tencent preparing to cut tens of thousands of jobs this yr: Rpts

The job cuts at the two companies would be their first major layoffs since Chinese regulators launched an unprecedented campaign a year-and-a-half ago to rein in its internet giants

Vishal Garg-led Better.com fires workers in US, India in mass layoff

Indian-American CEO Vishal Garg-run digital mortgage company Better.com on Wednesday started laying off thousands of employees in the US and India who received severance cheques in the payroll app

Better.com set for another mass layoff after CEO Vishal Garg's return

The return of Vishal Garg, the controversial Indian-American CEO of digital mortgage company better.com, is set for another round of mass layoffs next month, the media reported.

Unilever to slash thousands of jobs in over 100 countries: Report

It comes a week after the firm failed in its bid to buy the consumer health division of GlaxoSmithKline (GSK) for 50 billion pounds

Watch: Better.com CEO lays off 900 employees in US, India via Zoom call

'This isn't the news that you're going to want to hear but ultimately it is my decision and I wanted you to hear it from me,' Vishal Garg is heard saying

ByteDance furloughs hundreds after China's tutoring crackdown

It's unclear if ByteDance will lay off more employees. Local media had earlier reported the shutting of the services

US jobless claims rise as layoffs stay high despite drop in Covid-19 cases

Before the virus erupted in the United States last March, weekly applications for unemployment benefits had never topped 700,000, even during the Great Recession of 2008-2009

IndiGo starts hiring, gives offer letters to 32 pilots for ATR-72 fleet

The pandemic hit few sectors harder than air travel, wiping out tens of thousands of jobs. IndiGo had slashed its workforce by 10 per cent last year in view of travel disruptions

Uber lays off 185 workers at its food delivery service Postmates: Report

Meal delivery has been one bright spot for Uber amid the pandemic, as bookings in its Uber Eats division rose 135 percent year-over-year in the third quarter while its ride-hailing segment dropped 50%

Mahindra lays off two-thirds of staff at its North American subsidiary

Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency

Exxon to cut 14,000 jobs, including 1,900 in US, as Covid-19 hurts demand

The cuts would include everything from layoffs to retirements or performance-based exits

Govt proposes liberal hire-and-fire rules for firms with under 300 workers

Proposal will be a part of the Code on Industrial Relations, 2020 scheduled to be introduced by Labour and Employment Minister Santosh Kumar Gangwar in the Lok Sabha

Ford Motor to cut 1,000 North American salaried jobs amid overhaul

The job cuts are aimed at improving the automaker's efficiency and are not related to rising costs from the coronavirus pandemic, said people familiar with the action

Salesforce plans to cut 1,000 jobs after banner quarter, stock gains

Sales and customer-support roles are among those being eliminated, said two of the people, who asked not to be identified discussing private information

Covid-19 woes: American Airlines plans 19,000 furloughs, layoffs in October

American Airlines said Tuesday it will cut more than 40,000 jobs, including 19,000 through furloughs and layoffs, in October as it struggles with a sharp downturn in travel because of the pandemic

Chevron Corp posts $8.3 billion quarterly loss on writedowns, job cuts

The loss includes $1 billion to cover severance pay for up to 15% of its 45,000-person workforce