Layoff

German software firm SAP recently said said that the company has planned to cut 3,000 jobs, or 2.5% of its global workforce, and explore the sale of its remaining stake in Qualtrics, as it looks to cut costs and focus on its cloud business

India’s IT and startup sectors may lay off 15,000 to 20,000 employees in the next six months, battling slowing demand after the hiring frenzy of the last two years inflated salary costs. Recruitment consultants expect fewer hiring mandates in the months ahead and have decided not to enter new businesses for now. However, even as some IT and startup companies will shed staff to manage costs, others within the same sectors are hiring, too. Let's find out in this video what kind of effect it will have on the economy, and is it likely that there will be more layoffs after this.

The year 2023 has been no better as more tech giants, from Google to Microsoft to IBM, have laid off their employees

The restructuring is expected to save the company $365 million this fiscal year, then about $630 million a year going forwardMacy's shares fell as much as 4.2% in New York. The stock was already down 60% this year, compared with a 5.6% decline in the S&P 500 Index.

Getting laid off is not the end of the world. Turn it into an opportunity

A layoff can be temporarily destabilizing, but let it not derail your career

Microsoft is laying off thousands of employees in a shake-up aimed at selling more subscriptions to software applications that can be used on any internet-connected device

Tesco's job cut is a response to multiple cost pressures including increases in minimum wage levels, higher sourcing costs resulting from sterling's depreciation since last year's Brexit vote

In other news, the Central government owes Rs451.75 crore to Air India on 31 March

China says it plans to eliminate another 500,000 jobs in smokestack industries with excess capacity, to support other sectors in services businesses to create new jobs