Key Points
The New Year has just begun and already, thousands of tech and startup employees have found themselves jobless after surviving brutal mass layoffs in 2023, prompted by economic turmoil...
According to layoff-tracking website Layoffs.fyi, 48 tech companies have sacked 7,528 employees till January 15...
The cuts signal that this could be another tough year for the tech industry after tens of thousands of employees were laid off last year..
Big Tech companies, including Google and Amazon, plan to cut more jobs this year in a bid to cut costs...
Online rental platform Frontdesk became the first tech startup to execute layoffs in 2024 after it fired its entire 200-person workforce in a two-minute Google call...
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22, Feb, 242023 was a challenging year for tech professionals across the globe due to large-scale layoffs announced by various tech companies. Four IT giants - Infosys, TCS, Wipro and Tech Mahindra - alone laid off over 67,000 employees.
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20, Nov, 23Indian Edtech startup PhysicsWallah has laid off 120 employees following a performance review. This comes amidst a wave of layoffs in the tech sector, with both startups and large corporations downsizing their workforces.
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14, Apr, 23Madelyn Machado, who claims to be a former recruiter at Meta, revealed in a TikTok video that she received a $190,000 salary (which is approx around 1.5 crore) for doing "nothing" during her six-month tenure with the company.
Why are so many companies 'rightsizing'?
14, Jan, 24Alphabet, Google's parent company, cut 12,000 jobs, or about 6% of its global workforce, at the start of 2023. Meta laid off more than 10,000 employees, or roughly 13% of its staff. So did other household names, including Microsoft, Amazon and Disney.
Layoffs in 2023: Google, Microsoft, Salesforce and more fire thousands of employees in last 2 months
03, Mar, 23In the past two months, 567 layoffs were announced across big tech, startups and unicorn tech companies. The latest layoff spree impacted more than 150,000 IT employees around the globe.
Reddit to lay off around 5 per cent of its workforce, 90 employees to be affected
07, Jun, 23Social media website Reddit will be laying off around 5 per cent of its workforce and 90 employees will be affected by this decision. The company's Chief Executive reportedly sent a mail to employees informing them of the same.
In deep red! Indian startups lay off over 28,000 employees in 2023
19, Dec, 23India Business News: New-economy companies in India have laid off over 28,000 employees in the first three quarters of 2023 as a result of major restructuring to conserve
Unacademy to cut 12% jobs in fresh round of layoffs: Report
30, Mar, 23Earlier in November 2022, the company had fired 10 percent of its workforce or about 350 employees in third such round of layoffs within a year
Amazon employees are frustrated, plan to walk off job over layoffs and work from office mandate
24, May, 23A report from the Washington Post claims that hundreds of Amazon workers at the company’s Seattle headquarters are planning to walk off the job in the coming week.
Today’s Cache | Microsoft employees won’t get raises; Google I/O’s gadget and AI announcements; EU to scrutinise Apple Pay
12, May, 23Microsoft’s full-time employees will not be getting salary raises this year.