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A layoff is when a company temporarily or permanently reduces its workforce. This can happen for several reasons, such as financial difficulties, company business strategy changes, or technological advances that make specific jobs obsolete.
Sprinklr, a customer experience firm, has laid off over 100 employees, roughly 4% of its global workforce, as it realigns its headcount in response to the ongoing economic slowdown. The layoff drive began last week, and the company is cutting its force in India, the United States, and other regions. […]
The management board of EY Germany has decided to make “various structural changes subject to co-determination,” the company said. EY Germany has announced plans to make “various structural changes” in response to its failure to detect fraud at Wirecard AG, resulting in a loss of several mandates and shaken confidence […]
The decision to close eight of the Go stores is seen as part of Amazon’s broader effort to cut costs and optimize its portfolio of physical stores. The company faces slowing sales and a worsening economic outlook and has been taking steps to curtail expenses in its grocery unit and […]
PT Goto Gojek Tokopedia, Indonesia’s most prominent tech firm, has announced another round of layoffs to boost the company’s profitability. The company said around 600 roles would be affected following the 1,300 jobs cut last year. The releases are part of the company’s efforts to streamline its organization and make […]
GitHub, a software development and version control service provider owned by Microsoft, has announced that it will cut 10% of its workforce to safeguard its immediate financial stability. In addition to the layoffs, the remaining employees will transition to remote work to further reduce costs. The move comes just weeks […]
The tech industry has recently seen a wave of layoffs, with companies such as Affirm, Google, Alphabet, Meta, and IBM cutting thousands of jobs. According to data compiled by Layoffs, 297 tech companies laid off nearly 95,000 workers in 2022. If this trend continues, the industry could cut more than […]
According to a report from Business Insider, Google’s chief people officer, Fiona Cicconi, has also revealed some of the factors considered for layoff. According to recent reports, Google’s CEO Sundar Pichai clarified that the layoffs were not random and were structured and prioritized based on each employee’s performance, productivity, and […]
On Monday, Twilio, a cloud communications software maker, announced that it is cutting approximately 17% of its workforce to streamline operations and become more efficient. This new round of job reductions comes after the company cut about 11% of its staff back in September 2022 as it works to drive […]
Bolt, a one-click checkout startup, recently laid off more employees, cutting its headcount by over half since last May. The company stated that it is focusing on the long-term success of its business and its customers and is restructuring its teams to strengthen its core products. According to The Information, […]
Rebel Foods, a cloud kitchen startup operating under brands such as Oven Story, Behrouz Biryani, Sweet Truth, and Faasos, has laid off around 2% of its employees. The company, which Sequoia backs, said that the layoffs resulted from an annual performance evaluation and realigning the organization to align with the […]