Tag Archives: Layoffs

Paytm Announces Layoffs Amid Restructuring, Offers Bonuses to Employees

Paytm Announces Layoffs Amid Restructuring, Provides Bonuses and Outplacement Support

Paytm's parent company, One97 Communications Limited (OCL), has announced layoffs as part of its ongoing restructuring efforts. In a recent statement, the company confirmed that it is providing outplacement support to affected employees to ensure a smooth transition. The company's human resource teams are actively collaborating with over 30 companies currently hiring, facilitating immediate outplacement for employees who have chosen to share their information.

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“Elon Musk’s Tesla Layoffs: Indian-Origin Employee Describes it as a ‘Significant Transition'”

Elon Musk's Tesla Announces Layoffs, Indian-Origin Woman Among Affected Employees

Tesla, led by Elon Musk, has initiated a round of layoffs that includes two senior executives and nearly 500 employees in the Supercharger team, signaling a significant transition within the electric vehicle (EV) maker. Among those impacted is an Indian-origin woman who shared her experience on LinkedIn, describing it as a "significant transition" for herself and her team.

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