startup layoffs

Tata Consultancy Services (TCS) is not considering any layoffs as it believes in grooming talent for longer careers once it hires an employee, a top official said. The country's largest information technology services exporter is also…

The week gone by was a mixed bag for investors in listed new-age tech companies. While some startups narrowed losses, others reported a manifold rise in losses. Most of the listed tech companies have seen stock valuations halve as investors…

A slowdown in consumer demand post the Covid-19 years and uncertain macroeconomic conditions triggered mass layoffs across major US tech firms over the past few months. This included massive retrenchment at Meta, Amazon, Microsoft, and…

Ecommerce firm Dealshare has laid off around 100 employees, or over 6% of its 1,500-strong workforce, according to multiple people aware of the development. Dealshare, backed by Tiger Global and Alpha Wave Global, joins a growing number of…

This time last year, India’s startup ecosystem was counting unicorns. Now, it’s tallying layoffs. According to data compiled for us by Longhouse Consulting, 52 of India’s new-age companies sacked almost 18,000 employees between them in…

On October 2, 2015, Google restructured and renamed itself to Alphabet, a conglomerate that would serve as the parent company of Google and its many subsidiaries. Now, Zomato is planning a similar revamp – on a much smaller scale, of course…

More than 32,000 tech workers have been laid off in the US till July, including at Big Tech companies like Microsoft and Meta (formerly Facebook) and the worst has not been over yet for the tech sector that has seen massive stock sell-off.…

Amazon-backed connected fitness equipment maker Tonal is reportedly cutting 35% of its workforce, affecting all levels of its business. According to CNBC, the company employs about 750 people, compared with a little more than 110 before the…

As the tech and startup sector gets hammered by economic meltdown, more that 22,000 workers in the sector have lost jobs in 2022, along with more than 12,000 in the Indian startup ecosystem. Startups, especially the ones who benefited from…

New Delhi: Edtech platform Unacademy on Saturday said that a small fraction of its workforce (2.6%) has been asked to go as part of performance improvement programme (PIP). Sources earlier told IANS that nearly 150 employees (2.6%) from…