It Job Cuts

Big tech's bloodbath: 150,000 jobs cut as market shifts shake industry

In 2024, nearly 150,000 workers across major tech companies, including Tesla, Intel, Microsoft, and Cisco, are facing layoffs as these giants restructure and adapt to challenging economic conditions

Future beyond software: How can India bring next wave of lucrative jobs?

Policymakers in New Delhi have their sight on China's factory-to-the-world crown. They are spending $24 billion over five years on production-linked incentives

'Quiet firing': How to identify the layoff tactic of companies in India

It help firms cut costs by avoiding severance packages for resigning employees. Some 20,000 tech professionals in India may have lost jobs through 'silent' layoffs in 2023

Dell reduces workforce as part of broader cost cuts, limits external hiring

The layoffs come after sluggish demand for its personal computers for nearly two years partly contributed to a 11% drop in revenue in fourth-quarter earnings posted last month

Google slashes jobs in trust & safety while others work 'around the clock'

Google is increasing its reliance on its trust and safety staff, even if it's doing so with fewer people

Meta, Amazon job cuts in 2023, belt-tightening pay off for investors

The question now becomes whether leaner, more focused versions of Meta and Amazon can continue to strive for the bold and ambitious tech advancements that have made them household names

SAP unveils restructuring plan to trim costs, move to affect 8,000 jobs

Separately, SAP reported a 5 per cent gain in fourth-quarter non-IFRS revenue to €8.47 billion ($9.2 billion)

'Removing layers': Sundar Pichai hints at more layoffs at Google in 2024

Google CEO Sundar Pichai's remarks followed a day after the tech giant handed pink slips to around 1,000 employees in the advertising sales team in the first layoff wave of 2024

Tech industry records over 226,000 layoffs in 2023, up 40% since 2022

Since the beginning of 2021, tech companies have laid off over 405,000 individuals

At halfway mark, more technology sector layoffs in 2023 than in 2022

Bengaluru is worst-affected among cities, even as it continues to top start-up fundraising

Oracle lays off hundreds of employees at its health unit Cerner: Report

In May, another media report said that Oracle had laid off 3,000 employees at Cerner

Downturn still nascent, it is time for caution, not expansion: Zoho founder

In an exclusive interaction with Business Standard, Sridhar Vembu say the trend of large-scale layoffs in Silicon Valley has now hit Indian shores

Overall hiring intent for freshers improves for Jan-Jun 2023: Report

Learning solutions provider TeamLease EdTech on Thursday said a large number of Indian employers have expressed their intention to hire freshers in the first half of this calendar year. According to TeamLease EdTech's Career Outlook Report for January-June 2023, in spite of the global gloom, Indian employers' intent to hire freshers has marginally increased by 3 per cent to 62 per cent, as compared to July-December 2022, when it stood at 59 per cent. TeamLease EdTech surveyed 874 large, medium and small businesses between October-November 2022 for this report. The top three industries with the most robust intent to hire freshers are information technology (67 per cent), e-commerce & technology startups (52 per cent) and telecommunications (51 per cent). Amongst the Tier I cities, Bengaluru comes at the top with maximum openings for freshers at 75 per cent, closely followed by Mumbai (56 per cent) and Delhi (47 per cent). "Even in the face of a global muted sentiments around team .

2,500 IT freshers to be given pink slips for failing screening test: Report

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

Technology sector cuts 102,943 jobs in January in US, says report

Led by the technology sector, US-based employers announced 102,943 cuts in January, a massive 136 per cent increase from the 43,651 cuts announced in December, a new report has said

Tech layoffs surpass Great Recession levels, set to get worse in early 2023

The massive layoffs by the tech companies this year alone have surpassed the levels from the Great Recession the world went through 2008-2009 that began with Lehman Brothers collapse

Job cuts in IT sector likely if biz climate doesn't improve soon: Nasscom

Many of the industry's clients closed their set-ups globally as part of containment measures to check coronavirus. Travel and hospitality, aviation, retail, auto and manufacturing hit the hardest

IT companies may shed up to 40,000 mid-level employees: Mohandas Pai

'It's going to happen again and again and again every five years,' said Pai

IT firms reduce headcount by 3,000 people in Q1

First sequential decline in a decade as 8 of top 15 software firms report drop in manpower

IT's past, present and future: Industry and people will always be important

Layoffs have nothing to do with Trump's visa stance; its impact will show after rules are framed