JOb cuts

Meta had announced its intention to cut approximately 11,000 jobs which represents 13% of its global headcount. Meta One of its main sources of income is advertising which has been hit by Apple’s new privacy policies and global…

IIT-Kharagpur graduate Himanshu V bagged a job with Meta. Caught in the maelstrom He relocated from India to Canada to join them. Unfortunately, he became one of the 11,000 Meta employees who have been laid off. He himself…

Cost reduction is again being used as an excuse in this case. 2022 has clearly been the year of sudden unemployment. Chief Executive Officer Mark Zuckerberg has now joined the party. Official statement Here’s his statement: …

Enterprise Software Company Salesforce is the latest tech firm to have cut hundreds of jobs. How many are affected? The company had 73,541 people on its payroll earlier this year. The layoffs could affect as many as 2,500…

The Dutch multinational electronics and electrical devices conglomerate Philips announced this week that it will cut jobs in its organisation, following a fifth consecutive quarter of declining sales and profitability in the September 2022…

Elon Musk Will Fire 10% Of Tesla Employees In Next 90 Days; 'Work From Home' Not Acceptable For Elon Musk Tesla CEO Elon Musk is once again at the frontpage. Incoming unemployment The company aims to fire 10 percent of its…

This 97 Year Old Company Is Firing 32,000 Employees In Next 6 Months: Find Out Why? One of the biggest names in the media and entertainment industry, is firing 32,000 employees in one of the largest ever layoffs. What is the reason? …

Recruiters Getting 100% More Resumes From IT Employees; Benched Employees At Highest Risk Of Layoff To overcome the impact of the COVID-19 pandemic, thousands of information technology professionals have lined up in the job market over…

Lockdown: Pune IT Firm Fires 100 Employees, 30% Salary Cut; Violates Govt Order On Job Security In a clear breach of Govt directives, System plus Technologies, a Pune based IT firm has fired 100 employees. Besides, 30% salary has been…

Indians Got Worst Salary Hike In 10 Years Joblessness and acute shortage in sales have been digging pits for the worst unemployment scenarios that the country has seen in last 10 years. According to the The Periodic Labour Force Survey…