[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…
[ad_1] New Delhi: Tech companies have laid off 226,000 employees so far this year, almost 40 percent more than in 2022, a report showed on Tuesday. Although the tech industry has seen a shocking number of job cuts last year, 2023 has been much worse. The massive wave of layoffs has shut down hundreds of…
[ad_1] New Delhi: Dell Technologies is the latest major firm to join the layoffs spree. A few days back, the American multinational tech giant announced that the company will resize its sales team, and for this, many employees from the same team will be asked to leave. In mid of these, a former employee of Dell…
[ad_1] New Delhi: Sambhav Jain and Kush Taneja’s Bengaluru-based finance app Fam announced the termination of 18 employees, citing a shift in emphasis from hyper-growth to sustainability. However, the owners have stated that they are willing to help the impacted employees find other employment. Jain acknowledged the hardship of parting ways with individuals in a…
[ad_1] New Delhi: In some respite in the layoff season, a new report has revealed that job cuts in the US dropped 49 percent in June, reaching a seven-month low, signalling that the worst may now be over. According to the report from career services firm Challenger, Gray & Christmas. US-based employers announced 40,709 cuts in…
[ad_1] New Delhi: More than 2.12 lakh employees — from Big Tech firms to startups — lost their jobs in the global tech sector in the first half of 2023, as layoffs continue amid the funding winter. As per the data by layoffs tracking site Layoffs. fyi, 819 tech companies have shown their doors to around…
[ad_1] New Delhi: Music streaming platform Spotify on Monday announced it was sacking 200 employees, 2 percent of its workforce, from its podcast division as part of a corporate reorganisation. Sahar Elhabashi, Spotify’s head of podcast division, announced that the company is expanding partnership efforts with leading podcasters from across the globe with a tailored approach…
[ad_1] New Delhi: Global chip-maker Qualcomm has started layoffs, impacting both full-time and temporary employees, as “workforce reduction is needed to support long-term growth and success”. According to reports, Qualcomm may eliminate 1,500 jobs in California alone. The reports came as Qualcomm struggles to close its purchase of NXP while concurrently meeting its goal to cut…
