Diabytes
Lay off News
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The woman working with Microsoft for seven years said in a LinkedIn post that she plans to take the next few days to think about her career.
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These layoffs came just months after Google had offered voluntary buyouts to employees in the same unit in January this year.
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The laid off employees will be given three months salary as severance package.
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Nokia, which currently has 86,000 employees on its rolls, plans to bring the headcount down to between 72,000 and 77,000.
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Binance's Brian Shroder will be replaced by general counsel Norman Reed, who joined the company in December 2021, on an interim basis.
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People, who lost their jobs in the exercise, have been given standard severance packages, including three-months salary, among others, the report said, citing people aware of the matter.
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The latest round of layoffs impacted employees from product, customer support, design and marketing teams, reports leading startup news coverage portal Inc42, citing sources.
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The impacted employees were offered a severance package which includes 16 weeks of base pay, continued health insurance and a $10,000 stipend, according to a report in The 74, a nonprofit news site co-founded by Meta’s vice president of media partnerships, Campbell Brown.
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MPL has Peak XV, Times Internet, MSA Novo, Crown Capital, Composite Capital and Moore Strategic Ventures among its investors.
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According to a report in Insider, citing sources, the new layoffs are beyond the 10,000 jobs that the tech giant planned to eliminate earlier this year.
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Employees are hoping that they will get a good news from the company before or on the day Infosys announces its first quarter results of the financial year 2023-2024 on July 20.
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In May, Microsoft slashed 158 jobs in Washington State which were not not part of the 10,000 announced earlier.
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Evernote became one of the first popular note-taking apps when it was launched in 2008.
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In Israel where it was founded in 1982, Amdocs will slash 200 jobs, a reduction of approximately 4 per cent, according to a report in Israel-based website Calcalist.
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Californian firm HackerRank announcing its company decision to give paid time off to its employees during the first week of July, i.e from 1st July to 9th July.
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On January 20, Google CEO Sundar Pichai had confirmed in a letter to employees that about 12,000 people will be laid off globally, accounting for more than 6 per cent of the total workforce.
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The company said its future editorial work will be done by freelance writers and the few editors remaining on staff.
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The company slashed 150 jobs in its freight services division earlier this year.
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According to Grab CEO Anthony Tan, the move is to manage costs and remain competitive in a challenging business environment, reports Nikkei Asia.
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In January, OLX Group confirmed plans to slash 15 per cent of its workforce, or more than 1,500 employees, globally including in India as part of restructuring amid the global meltdown and recession fears.
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