global layoffs

Some good news to chase away the Monday blues. Remember the thousands who lost their jobs globally? According to experts, a big chunk of those roles could move to outsourcing hubs like India in the coming months. This and more in today’s…

About 63% of technology professionals have started their own company post-layoffs, with 83% of these new ventures being in the technology industry, shows a report from lending firm Clarify Capital.According to the report, nearly one in four…

German online fashion retailer Zalando on Tuesday said it was cutting hundreds of jobs across its workforce of 17,000, saying it had expanded too much and citing a difficult economic environment since the coronavirus pandemic. "We have…

Telecom gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, the firm said on Monday.The company had earlier announced plans to cut costs by 9 billion crowns ($880 million) by the…

Business Matters: Will global layoffs jolt India’s IT industry? There has been a slew of layoff announcements in the Western corporate world these past months, gathering pace over recent weeks. The latest was Google’s announcement that…