McKinsey & Co. Announces Layoffs; To Cut Around 360 Jobs
[ad_1] The reductions are part of McKinsey’s strategy to align the size of certain capabilities. [ad_2] Source link
IT Layoffs 2024
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IBM To Announce Layoffs In Marketing And Communications Divisions: Reports
[ad_1] New Delhi: The layoff spree that started in 2022 seems to be continuing. To date, there is no sign of relief from the job-cutting news. Many companies announcing a fresh round of layoffs. Following suit, tech giant IBM has once again joined the ranks of companies implementing layoffs this year. Employees To Be Affected…
Watch: YouTube Music Employee Informed About His Layoff During Live Speech In Council
[ad_1] New Delhi: A team of 43 contractors working for YouTube Music found themselves without jobs after advocating for improved pay and benefits, according to reports. These contractors were employed both directly by Google and by its subcontractor, Cognizant. Layoffs At The Company The contractors were reportedly blindsided by the layoffs, which occurred shortly after…
Dating App Bumble To Layoff 30% Of Workforce
[ad_1] New Delhi: It was anticipated that 2024 would mark the beginning of the IT industry’s rebound following two years of severe layoffs at IT organizations. However, preliminary indications indicate that employment in the industry is still being hit. With nearly 30,000 IT personnel put off in January 2024, the situation for staff members in all…
Tech Layoffs Surges By 136% In 2024; Is AI To Blame? Check What Study Claims
[ad_1] New Delhi: The tech sector has been hit hard by layoffs, with over 32,000 employees affected so far. But what’s behind this troubling trend? Let’s take a closer look at the factors contributing to the job cuts. Various factors contributed to this wave of layoffs, including mismanaged recruitments, struggles with ad revenue, and the…
Licious Is Latest To Join Layoffs Spree; To Cut 3% Of Its Workforce
[ad_1] The Bengaluru-based company, which boasted a workforce of around 3,000 employees as of January, stated that this strategic realignment is part of its efforts to streamline operations. [ad_2] Source link
Payments Firm PayPal To Reduce Global Workforce By 9% In 2024
[ad_1] New Delhi: Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9 percent of its global workforce, this year, a letter from CEO Alex Chriss, seen by Reuters, showed on Tuesday. In the letter to staff, newly appointed CEO Chriss said the decision was made to “right-size” the company through both direct…
Flipkart Announces Annual Workforce Restructuring: 1,000 Employees To Be Let Go
[ad_1] New Delhi: In its annual restructuring move, e-commerce giant Flipkart, owned by Walmart, is set to part ways with approximately 1,000 employees, constituting around 5 percent of its workforce. The decision comes as part of the company’s routine performance-based job cost cuts, sources familiar with the matter informed Moneycontrol. Employee Count And Exclusion Of…