1. Home
  2. Layoffs

Tag: Layoffs

Swiggy’s layoffs coming. Company fall 2X in 2022

Swiggy’s layoffs coming. Company fall 2X in 2022

Swiggy fell twice in 2022 to Rs 3,629 crore. Hence, this large company is planning to cut down its workforce to reduce the cost. The year 2022 was not good for many businesses. The giant

Alibaba, Tencent Layoffs Burst Property Bubbles In Cities Headquartered In Hangzhou, Shenzhen, Sending Prices Down

Alibaba, Tencent Layoffs Burst Property Bubbles In Cities Headquartered In Hangzhou, Shenzhen, Sending Prices Down

South China-A wave of job cuts among China's giant technology companies has sent the domestic market into neighborhoods where waves of tech professionals -- with higher salaries and housing perks -- have driven up prices

New layoffs: PayU is cutting 6% of its workforce

New layoffs: PayU is cutting 6% of its workforce

Fintech is a major of PayU. Now PayU in India is laying off 150 employees which are nearly 6%. The layoffs at the Naspers-owned company are spread across teams. Mostly it affects PayU's India unit

10 of the Biggest Retail Layoffs of 2022

10 of the Biggest Retail Layoffs of 2022

Many businesses have cut their workforce this year. They want to reduce the cost as there is no profit in the current market. StockX - A sneaker retailer cut its staff in June 2022. He

TuSimple 2022 Layoffs Begin Days Before Christmas

TuSimple 2022 Layoffs Begin Days Before Christmas

TuSimple Holdings Inc., a company that manufactures self-driving trucks, stated on Wednesday that it will lay off 25 percent of its workforce as part of a reorganization effort. The change impacts around 350 people, with

Layoffs 2022: Micron is cutting its workforce by 10%

Layoffs 2022: Micron is cutting its workforce by 10%

This announcement is done by Micron when results for its first quarter came to them, which ended on 1st Dec 2023. The company also announces in the recent US Securities and Exchange Commission, the restructuring

Tesla Stops Hiring Too Soon: 2023 Layoffs Breaking

Tesla Stops Hiring Too Soon: 2023 Layoffs Breaking

Recently, Tesla announced a hiring freeze, which will come into force soon. Many reports are indicating that Tesla will bring this layoff into the ground in the upcoming quarter between January to march.  All this

Christmas breaking – 44% of Leaflink’s workforce has been laid off

Christmas breaking – 44% of Leaflink’s workforce has been laid off

LeafLink is a well-known cannabis tech company, in New York. This week this company laid off 80 workers, which is around 44% of the workforce. By December about 180 workers had left the platform. Via

Xiaomi Layoffs 2022: Chinese Phone Maker Xiaomi Slashes 15% Workforce

Xiaomi Layoffs 2022: Chinese Phone Maker Xiaomi Slashes 15% Workforce

The news was reported by the South China Morning Post, based in Hong Kong. It cited social media posts from affected employees and local Chinese media.  According to the newspaper, social media platforms in China,

Why Do Companies Tend To Layoff Employees During Christmas?

Why Do Companies Tend To Layoff Employees During Christmas?

You might have noticed the usual layoffs around Christmas every year. But do you know the reason why companies layoff before christmas? Let’s reveal the harsh truth! The second-highest month for layoffs is frequently December.