Tag Archives: Layoffs

Zomato has reportedly laid off 600 customer support associates within a year of hiring them as the company increasingly integrates artificial intelligence (AI) to streamline operations and cut costs. The move comes amid slowing growth in its core food delivery business and mounting losses in its quick-commerce arm, Blinkit, according to a Moneycontrol report.

American aerospace giant Boeing has laid off around 180 employees at its Boeing India Engineering & Technology Center (BIETC) in Bengaluru as part of its ongoing global workforce reduction efforts, according to a source cited in a report by news agency PTI.

Bengaluru: IT giant Infosys has come under fire after reportedly laying off nearly 700 freshers from its Mysuru campus, according to claims made by the IT employees' union, Nascent Information Technology Employees Senate (NITES). The terminations have sparked widespread outrage on social media, with netizens expressing shock and sympathy for the affected employees.

Meta, led by CEO Mark Zuckerberg, is set to fire 3,600 employees next week as part of its latest round of mass layoffs, targeting 5% of its "lowest performers." The notices will be sent out starting Monday at 5 AM local time in most countries, including the United States, according to a report by Reuters.

Amazon is reportedly laying off approximately 200 employees in its Fashion and Fitness group, which is part of its broader effort to expand its apparel and fashion categories in the United States. This round of job cuts affects employees in San Diego, according to a report from Business Insider, citing internal communication shared on a Slack channel.

YesMadam, an at-home beauty services startup, has responded to growing social media speculation following the circulation of a viral email that suggested the company had fired employees who expressed stress in an internal survey. The beauty services company issued a statement on LinkedIn, apologizing for the distress caused by the controversy and clarifying that no employees were terminated.

Ola Electric, the electric vehicle (EV) company led by Bhavish Aggarwal, has announced plans to lay off at least 500 employees as part of a significant restructuring initiative aimed at improving operational efficiency and addressing mounting losses. The company, which has faced controversies, including a government probe and consumer complaints, is making the move to cut redundancies and streamline its workforce in an effort to drive profitability.

In a bid to boost employee morale following a significant reduction in workforce, Intel has decided to reinstate free coffee and tea for its staff. The tech giant had previously halted several employee perks, including free beverages and fruits, as part of broader cost-cutting measures.

Sharan Hegde, the CEO of the financial literacy company 1% Club, has come under scrutiny following the announcement of a 15% workforce reduction. The layoffs have sparked debate, particularly given Hegde’s status as a prominent financial influencer, known for his career built around financial education and promoting sound money management.

Samsung Electronics is set to lay off more than 200 executives across various functions in its Indian operations, according to reports. The decision comes in response to a slowdown in business growth and declining consumer demand, which have adversely affected the company's sales performance in the region.