job cuts

Bloomberg | | Posted by Lingamgunta Nirmitha Rao Rolls-Royce Holdings Plc could cut thousands of jobs after the company hired consultants led by McKinsey & Co. to advise on streamlining its operations, The Times reported.…

First Citizens, the new owner of now-collapsed Silicon Valley Bank's (SVB) US operations, has said that it plans to cut 500 roles previously held by SVB employees, reported BBC. The news outlet cited an e-mail by First Citizens' chief…

Last Updated: May 25, 2023, 06:38 ISTMeta's layoffs followed months of waning revenue growth amid high inflation and a digital ad pullback from the pandemic e-commerce boom.Dozens of employees working in marketing, program management,…

Hundreds of thousands have lost jobs across sectors in 2023 as technology behemoths raced to cut costs. The job cuts in the technology sector neared 90,000 in January 2023 and came down to 39,471 in February, 37,662 in March, 19,807 in…

Corporate expense management platform Happay, owned by credit Card bill payment provider CRED, has cut nearly 35 per cent of its workforce. The job cuts are reportedly part of a restructuring exercise. Founded in 2012, Happayprovides…

Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella.The tech giant did not immediately respond…

In March this year, tech giant Microsoft announced its massive job cuts. Now, the Microsoft-owned professional networking platform LinkedInhas joined the list of companies announcing layoffs.LinkedIn has announced that it will cut 716 jobs…

LinkedIn, the social media network owned by Microsoft that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.LinkedIn, which has 20,000…

In the last few months, there have been a spate of layoffs in the tech industry. It has been nothing short of a bloodbath in terms of job cuts. Google has laid off 12,000 employees, Amazon’s number stands at 27,000 whereas Microsoft, Meta…

E-commerce startup Meesho is the latest company to join the list of tech layoffs. According to an online report, the e-tailer has laid off 251 employees. As reported by The Economic Times, Meesho has fired 251 employees which accounts to…