Advertisements Binance, a cryptocurrency exchange, is said to have cut off around 1,000 employees in recent weeks as it battles federal investigations and regulatory crackdowns in the United States. Wall Street Journal reported on Saturday, the global layoffs included approximately three… Read More ›
Advertisements According to media reports, the Chennai-based company, Skill-Lync, has reduced its headcount by 20 per cent, or approximately 225 individuals, in order to streamline operations and limit future content and production investments, barely two months after purportedly laying off 400… Read More ›
Advertisements Twitter’s Indian rival Koo has fired almost a third of its employees as the firm struggles with losses and an inability to raise funds, as per media reports. The three-year-old microblogging app reportedly dismissed 30 per cent of its… Read More ›
Advertisements Tiger Global-backed Byju’s has fired about 1,500 employees, including senior executives. This is the second layoff exercise by the company in the last four months. The latest job cuts are in addition to the 2,500 employees Byju’s laid off… Read More ›
Advertisements Healthtech unicorn Innovaccer has laid off about 15 per cent of its workforce across teams in India and US. As per reports, the company plans to deprioritize certain areas and offerings and has hence taken this step. According to reports, the company… Read More ›
Advertisements Cloud virtualisation provider Nutanix hasannounced to lay off 270 employees, whichrepresents 4 per cent of its global workforce.The company said the decision has been takenfollowing a review of its business structure and after taking other cost-cutting measures to reduceexpenses…. Read More ›
Advertisements Global consumer robot company iRobot, acquired by Amazon for $1.7 billion last week, has laid off 10 per cent of its workforce — nearly 140 workers. The company said that to better align its cost structure with near-term revenue,… Read More ›
Advertisements Chinese tech conglomerate Alibaba has bid goodbye to nearly 10,000 employees in an effort to cut expenses amid sluggish sales and slowing economy in the country, the media reported on Saturday. According to South China Morning Post, more than… Read More ›
Advertisements SoftBank Group Corp is planning to cut headcount at its flagship Vision Fund investing arm, chief executive officer (CEO) Masayoshi Son said on Monday, after a crash in the value of its portfolio pushed his conglomerate to a record… Read More ›
Advertisements Layoffs at edtech platforms continue in India and now, one of the industry leaders Vedantu has asked 100 more employees to go and LEAD (formerly LEAD School) has also laid off a similar number of staff in the ongoing… Read More ›
