Pink Slips

Boeing has delivered layoff notices to more than 400 members of its professional aerospace labour union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its Machinists union. The pink slips went out last week to members of the Society of Professional Engineering Employees in Aerospace, or SPEEA, The Seattle Times reported. The workers will remain on the payroll through mid-January. Boeing announced in October that it planned to cut 10 per cent of its workforce, about 17,000 jobs, in the coming months. CEO Kelly Ortberg told employees the company must "reset its workforce levels to align with our financial reality". The Society of Professional Engineering Employees in Aerospace, or SPEEA, union said the cuts had affected 438 members. The union's local chapter has 17,000 Boeing employees who are largely based in Washington, with some in Oregon, California and Utah. Of those 438 workers, 218

Number of job cuts in tech sector has crossed 100,000 with major companies like Google and Toshiba also handing out pink slips

Unacademy has had multiple rounds of layoffs since 2022. Its workforce is down to below 3,000 as against 6,000 in the early part of 2022, according to sources

Simpl says it has laid out a 'comprehensive growth plan' while having a 'razor-sharp focus on profitability'

With this, Salesforce has become the fourth tech major to trim its workforce in 2024 after Google, Twitch and Amazon

The decision to dismiss these employees comes weeks after the fintech company announced it would reduce the disbursement of small-ticket-size loans as RBI tightened norms

The move aims to help the social media company Reddit to break even next year

In November 2021, Mensa Brands raised $135 million at a valuation of nearly $1.2 billion, making it the fastest Indian start-up to reach unicorn status

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The first round of layoffs began in March when Disney CEO Bob Iger announced three rounds of layoffs as the company aims to reduce its workforce by around 7,000 workers

Most of the employees of TikTok India were working in Brazil and Dubai markets after the Centre banned the app in India in June 2020

The screening tests may also get more stringent as the firms are under pressure to honour campus offers but are already overstaffed

It has sacked over 1,100 employees, so far, amid funding winter

Zomato, which currently has nearly 3,800 employees, stated that layoffs will be based on regular performance

You can claim only if the payout is voluntary and you have documentary proof to this effect

Rishad Premji says moonlighting is a 'complete violation of integrity in its deepest form'

Home Credit India said it was a tough decision and the organization is trying its best to help the impacted people in getting securing new opportunities

Senior staff of all the top groups have taken salary cuts up to 20 per cent to preserve jobs at the bottom of the pyramid.

The attrition is in line with the process we follow every year, says company

However, a spokesperson for the largest realty player in India attributed the lay-offs to performance reviews