Lay Offs News

Special Report

The Long Goodbye: Why Laid-Off Employees Are Still on the Job

Forget the cardboard box and security-guard escort. Some employers are giving workers advance notice of their layoffs so they can look for a new job.

5 min read11 Dec 2023
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Companies

Google lays off 40-45 staff from its news division: Report

Google layoffs: Alphabet Workers Union states that 40-45 employees of Google News have lost their jobs.

1 min read19 Oct 2023
Companies

US-based tech company Pegasystems to lay off 240 employees: Report

US software company Pegasystems is laying off around 240 employees as part of a reorganization of its customer success roles. This is the second job cut at the company this year.

1 min read2 Sep 2023
Companies

Layoff Drive: Experts suggest these proactive measures for companies to retain talent

Layoffs rising in tech industry, presents opportunity for companies to recruit and retain top talent.

2 min read28 Aug 2023
Companies

Tesla Inc. cuts battery production workforce in Shanghai amid fierce price war in China, suggests report

Tesla has reportedly initiated layoffs of battery production workers at its Shanghai plant due to a challenging price war in China’s car industry. The exact number of affected workers and reasons for the layoffs remain unclear.

1 min read7 Jul 2023
Companies

Uber layoff: Uber to sack 200 employees from its recruitment division

Uber Technologies to lay off 200 recruitment employees, as announced on Wednesday, according to a Reuters report.

1 min read22 Jun 2023
Companies

Chingari short video app to cut 20% of workforce for ’organisational restructuring’

Chingari short video app announced a fresh round of layoff which will affect its 20 per cent workforce. The company’s move is aimed to initiate an organisational restructuring for better efficiencyl’

1 min read20 Jun 2023
Companies

Byju’s fresh round of layoffs comes amid legal battle with US lenders

Indian edtech giant Byju’s has laid off around 1,000 employees as part of its restructuring process, despite previously vowing no further layoffs beyond 2,500 staff.

1 min read20 Jun 2023
Companies

Citi group to cut 50 London investment and corporate banking jobs to deal with market condition

Citigroup Inc. is planning to cut 30 investment banking jobs and 20 more in its corporate banking unit in London in its latest wave of redundancies.

1 min read10 Jun 2023
News

Ford seen laying off 1,300 workers in China, local media reports

Ford’s wholesales in China fell below half a million units for the first time in a decade in 2022, continuing a slide since 2016, when the US automaker shipped 1.27 million vehicles and had a market share of 4.6%

1 min read15 May 2023
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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Byju's

Ever since Byju Raveendran founded the eponymous edtech company in 2011, Byju's has been the subject of much discussion. The Indian education sector seemed ripe for disruption, and by 2019, the company was an investor favourite. The onset of the pandemic brought the real riches for Byju's: with kids attending school through their laptops, phones, and tablets, Byju's was immediately seen as being at the forefront of facilitating this institutional method of learning — all the way to a $22 billion valuation.  But with the accolades, came the woes. As Covid-19 slipped into the rear-view mirror, ugly stories about the edtech's policies came to light. Impossible targets, poor management, and a slew of senior-level exits dominated the headlines. Finally, came the last straw — investors and regulators started asking the tough questions about the company failing to comply with statutory requirements. Growth, it seemed, had come at the cost of governance, like in so many messy startups.  Here’s a curation of original reportage and analysis about Byjus, once India’s most valuable startup.

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