Diabytes
Layoff News
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The pay raises will go to about 80 percent of TCS’s staff, specifically those in junior and mid-level roles—anyone up to grade C3A or an equivalent level.
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The layoffs will impact employees across various teams, regions, and levels of seniority—not just in the gaming and sales divisions, but throughout the company.
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A company spokesperson said in a statement the latest headcount reduction is in addition to the 6,000 job cuts announced last month, which is roughly 3 per cent of its global workforce.
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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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UPS said that it will reduce operational workforce by approximately 20,000 positions during 2025 and close 73 leased and owned buildings by the end of June 2025.
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Back in 2023, Google carried out a similar restructuring, cutting around 12,000 jobs — about 6 per cent of its global workforce — to better align with its product priorities.
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The Infosys-fired trainees had completed basic training at the company's Mysuru campus but were unable to pass internal assessment after three attempts, according to sources quoted by PTI.
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As part of its broader cost-cutting strategy, Intel focused on reducing expenditures across various non-essential areas.
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Employees were only informed in mid-September, leading to nearly a month of uncertainty.
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The layoffs which has already begun are expected to affect multiple divisions within Goldman sachs, according to the report.
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The announcement sparked a wave of reactions on social media including LinkedIn and Reddit.
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According to reports, the electric vehicle (EV) manufacturer concluded 2023 with a workforce of over 140,000 employees.
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Earlier, In February Bell revealed intentions to cut 4,800 jobs which is equivalent to approximately 9 percent of its workforce.
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Tech companies have fired more than 425,000 employees in the last two years.
1,178 tech companies have laid off 260,771 lakh employees this year globally.
582 employees lost their jobs every day in the last two years or more than 24 workers every hour.
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Nike has announced to cut hundreds of jobs.
Nike hasn’t witnessed a substantial sales surge in 2023.
The share prices of Nike fell 10 percent after hours of trading.
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Founded by Anil Nagar and Saurabh Bansal in 2016, Adda247 caters to the learning needs of millions of students from tier 2 and 3 cities. Meanwhile, edtech major Byju's has announced to lay off 4,000-5,000 employees in a “business restructuring exercise”.
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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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