[ad_1] In a message to the staff, Spotify’s CEO Daniel Ek explained the job cuts as a measure to align the company’s growth with capital costs. [ad_2] Source link
[ad_1] Ek acknowledged the impact on individuals who have contributed significantly to the company, stating, “To be blunt, many smart, talented, and hard-working people will be departing us.” [ad_2] Source link
[ad_1] New Delhi: Edtech major Byju’s is going to lay off 4,000-5,000 employees in a “business restructuring exercise” in the coming weeks, the media reported on Tuesday. According to TechCrunch, Byju will go through the restructuring exercise “to pare down costs amid a broad restructuring of its business following a delayed IPO and pressure from lenders”. …
[ad_1] New Delhi: Airtable, a low-code platform for building collaborative apps, has announced to lay off about 27 percent of the workforce, or 237 employees, in the second round of job cuts. According to Forbes, the cuts are part of a strategy to focus the company on winning large enterprise clients while also controlling spending. …
[ad_1] New Delhi: Google is laying off hundreds of employees from its recruiting team globally, as the new hiring has slowed down at the Alphabet company, the media reported. The tech giant said in a statement that the “volume of requests for our recruiters has gone down”. Google, however, declined to reveal the exact number of…
[ad_1] The workforce reduction is expected to impact approximately 10 percent of the company’s employees. [ad_2] Source link
[ad_1] New Delhi: US-based cybersecurity giant Malwarebytes has laid off 100 employees as it prepares for a major restructuring that will see the business split into separate companies, a media report said. According to TechCrunch, citing sources, the job cuts come just weeks after the company’s chief product officer, chief information officer, and chief technology officer…
[ad_1] “These will be go-to-market roles in order to simplify our client engagement approach and better support our business strategy,” the company added. [ad_2] Source link
[ad_1] New Delhi: HackerRank, a leading technology hiring platform, has laid off 53 employees globally amid the ongoing economic uncertainty. Vivek Ravisankar, Co-founder and CEO of HackerRank, sent an email to employees last week, seen by IANS, saying “we notified 53 people today that we are going to be parting ways”. Ravisankar wrote that the…
[ad_1] New Delhi: Online math learning platform Cuemath has laid off 100 more employees amid a challenging macroeconomic environment for edtech companies, the media reported on Saturday. Peak XV Partners (formerly Sequoia Capital India) backs the startup. “Unfortunately, our revenue and cost trajectories are still divergent from expectations, and our problems are compounded by the…
