Flipkart has cut 15% of its workforce, citing overstaffing following the festive season sales spike. The layoffs are part of a broader restructuring effort intended to streamline operations and maintain profitability in a competitive market.
Ride-sharing company Ola has laid off 20% of its employees as it struggles with cash burn and aims to streamline its business operations. These layoffs are part of an organisational restructuring to ensure long-term sustainability and profitability.
In response to declining demand, a major manufacturing company has decided to reduce its workforce in India. The layoffs are part of a broader strategy to align production with market conditions. Hundreds of employees are set to lose their jobs, raising concerns about the economic impact on local communities. The company is providing exit packages and support to help affected employees transition.
Cognizant's India operations have laid off 6,000 employees as the company pivots towards more digital and software services. This move is part of Cognizant's broader strategy to focus on high-margin sectors and reduce dependency on traditional IT services.
The tech sector witnessed a significant increase in job losses in August, with over 27,000 employees affected. Major tech firms, including Intel, IBM, and Cisco, along with more than 40 smaller startups, announced substantial layoffs. So far this year, the industry has seen over 136,000 tech professionals laid off across 422 companies. Intel cuts 15,000 jobs On Thursday, Intel announced in a memo to its employees that it...
The Indian startup ecosystem has witnessed a surge in layoffs as several companies struggle to secure funding and achieve profitability. Multiple startups across sectors have resorted to downsizing their teams. Employees affected by the layoffs are facing a tough job market, with limited opportunities available. Many companies are providing severance benefits and support for affected workers.
The hospitality industry in India is witnessing a wave of layoffs due to a sharp decline in tourism. Major hotel chains and travel companies are reducing staff to cope with reduced revenue. Affected workers face an uncertain future in a struggling job market. Many companies in the sector are providing severance benefits and exploring ways to support their former employees.
Facing severe financial difficulties, a leading telecom operator has initiated layoffs impacting its Indian operations. The decision comes as part of cost-cutting measures aimed at stabilizing the company's finances. Hundreds of employees across various functions have been let go, raising concerns about the sector's stability. The company is offering severance packages and job placement assistance to ease the transition.
The tech industry continues to face massive layoffs in 2024, with over 1,30,000 IT employees losing their jobs so far. Over 1,30,000 IT employees have lost their jobs in 2024 due to ongoing tech layoffs Cisco, Intel, Microsoft, among the top companies who announced workforce reductions Economic challenges are driving these job cuts The tech industry, which was shaken by mass layoffs at the start of 2023, has continued to experience rounds of...
A prominent IT services company has announced a series of layoffs affecting its workforce in India. The move is part of a larger restructuring effort aimed at enhancing operational efficiencies. Impacted employees have been offered severance packages and access to job search resources. The company is focusing on streamlining processes and realigning its business strategy.
Infosys recently revealed plans to lay off approximately 10,000 employees. The decision comes amidst global economic headwinds and increased automation of services. The company aims to reduce operational costs and focus on upskilling remaining employees to align with their digital transformation strategy.