TECH SACKING
Tesla ramps up job cuts in China as sales slowdown bites
Tesla Inc. is escalating job cuts in China to regain market share, with layoffs extending to various departments at its Shanghai plant. The company faces challenges amid a global EV demand slowdown, intense competition, and shrinking market share. Despite layoffs, Tesla secured approval for its driver-assistance system in China.
Google lays off at least 200 employees from its ‘Core’ teams: report
Google laid off 200 core team employees to cut costs. These core teams build Google's main products and keep users safe online. The company is moving some of these jobs to India and Mexico. This follows earlier layoffs in 2023 as Google restructures to focus on AI.
Google lays off employees from key teams ahead of developer conference: report
Layoffs at Google's Flutter, Dart and Python teams come weeks after the tech giant terminated staff from its real estate and finance teams as well. Google has said the layoffs are not company-wide.
Google layoffs: Tech giant undertakes fresh job cuts in cost optimisation push
Alphabet-owned Google is undergoing a restructuring, with layoffs and expansion plans in key hubs like India, Chicago, Atlanta, and Dublin. Concerns are being raised about further job cuts amid economic uncertainties as Google seeks to enhance efficiency and align resources with product objectives.
Microsoft employee sacked after 33 years of service as part of a strategy he passionately advocated
After 33 years at Microsoft, Jeff Bogdan, Director of Learning and Development, was suddenly let go, sparking reflection on his remarkable journey. Despite advocating for innovative strategies, Bogdan faced job elimination due to HR decisions, but remains resilient in seeking new career paths. His LinkedIn post garnered widespread support, highlighting the unpredictable nature of careers and the importance of resilience in navigating change.
Apple laid off 600 employees after car, smart screen projects shut shop: report
Apple layoffs come amid a wider restructuring in the tech industry. As per the report, 371 employees were let go from Apple’s main car-related office in Santa Clara, California, while dozens more at multiple satellite offices were impacted. Both the self-driving car and smartwatch products were scrapped by the tech giant earlier this year.
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More than 30,000 tech employees lose jobs globally in first month of 2024
Tech companies, including startups, around the world fired more than 425,000 employees in 2022 and 2023, with more than 36,000 employees being sacked in India in the same time frame.
Tech layoffs in 2024: TikTok, Google and Amazon among companies undertaking job cuts
The new year brings more job cuts to the tech industry as layoffs continue in 2024. Thousands of tech and startup employees have been laid off, with 48 tech companies sacking 7,528 employees so far. Big Tech giants like Google and Amazon are planning to cut more jobs to reduce costs. Riot Games, Google, Amazon Audible, Amazon Prime Video, Twitch, Discord, Unity Software, Xerox, and Frontdesk are among the tech companies that have announced layoffs in 2024.
Layoffs in 2024: List of companies that announced job cuts so far this year
According to data from Layoffs.fyi, a layoff-tracking website, a total of 2,62,595 employees were laid off last year by 1,187 tech companies. So far in January, 91 tech companies have already fired 24,564 employees.
RBI's draft rules on fintech SRO; Pixxel unveils mega facility
The main idea behind the guidelines is to empower the fledgling sector to function and innovate responsibly even in the absence of formal regulations.
Incoming CEO Emmett Shear shares 30-day plan for OpenAI, says Sam Altman’s sacking was not over safety issues
Emmett Shear, who cofounded live video streaming platform Twitch in 2003, was appointed by OpenAI’s board as the company’s interim CEO on Monday, pushing aside CFO-turned interim CEO Mira Murati.
Sam Altman, Greg Brockman & large group exit OpenAI to join Microsoft to form a new advanced AI research team
This move is significant for Microsoft, aiming to leverage the expertise of Altman and Brockman in strengthening its position in AI development.
Google fires hundreds of recruiters in another round of layoffs
Google has conducted another round of layoffs, this time affecting its recruiting group. Hundreds of recruiters were informed that they would be losing their jobs. This follows previous layoffs at Google earlier this year. The company is tightening its belt while still investing in artificial intelligence. The layoffs came as a surprise to employees, who were invited to a last-minute meeting to receive the news.
TCS jobs scam: IT firm fires six employees and staffing firms; Upgrad, Udacity in deal talks
N Chandrasekaran, Tata Sons chairperson, informed shareholders during the TCS Annual General Meeting (AGM) that the company has sacked six employees and banned as many staffing firms after allegations by a whistleblower surfaced a recruitment scam. This and more in today’s ETtech Morning Dispatch.
Indian techie sacked after 3 days at work by Meta, now lands new job
Vishwajeet Jha took to LinkedIn to share his story after getting laid off, saying: "Yesterday morning, I found out that I am one of the 11,000 employees impacted by the Meta #layoff. I joined Meta three days back, after waiting for a long visa process. Thanks to all the folks who made that transition smooth. Really sad that this happened, my heart goes out for everyone who is affected by the layoffs."
Foxconn’s Young Liu committed to Karnataka, Telangana projects; SoftBank's Arm aims to raise $8 bn in US IPO
In separate letters to Karnataka chief minister Basavaraj Bommai and Telangana chief minister K Chandrashekar Rao, Foxconn chairman Young Liu said he will "ensure successful grounding of the 'Project Elephant' in Bengaluru" while underscoring its commitment to setting up a manufacturing facility in Kongara Kalan in Telangana.
Blocked out of system in the middle of call: sacked Google recruiter
Among the 12,000 workers laid off by Google, an employee who worked as a recruiter said he got sacked by the company in the middle of an interview.
At 2 am while feeding my infant, I received notification: Sacked Google worker
Meanwhile, another Google employee who worked as a recruiter said he got sacked by the company in the middle of an interview.
Layoff season continues as 219 tech firms sack over 68,000 employees in January
The layoff season continued to hit the tech world in 2023 with some big names like Microsoft and Google joining the list. More than 3,400 tech employees are being laid off per day on average in January globally.
'Speak with people before walking them out.' Former Tech Mahindra CEO has a word of advice for tech bosses sacking staff
Kiran Deshpande urged tech leaders to be more empathetic towards staff.
View: The dispensability quotient of employees in India
Be it business plans going awry, cost-cutting, underperformance, the mistake of over-hiring or downright cooking of books — employees are the first to be shown the door — and often at the same time across industries. While the hiring frenzy is a more disparate exercise, the firing tsunami is in tandem across industries — be it edtech, ecommerce, IT or banking and financial services.
I'm on visa, have limited time: Sacked Indian Microsoft worker in the US
Harshita Jhavar, a data and applied scientist at Microsoft, who spent four years in the company in Washington, writes in her LinkedIn post, "I am affected by the layoffs at Microsoft today. Many teams from the hardware side fell on the chopping block within Microsoft".
‘A very difficult decision’: Sharechat CEO Ankush Sachdeva emails sacked employees
Mohalla Tech, which raised $255 million in funding in June 2022, joins the growing list of startups that have laid off employees to cut costs amid the funding winter.
Massive spike in unemployment coming soon; layoffs in America hit over 120,000
Corporate America is drastically reducing its workforce as part of its restructuring efforts to prepare for a probable economic downturn brought on by the U.S. Federal Reserve's fight against inflation and the war in Ukraine.
Employees sue Twitter as bloodbath looms; Udaan sacks another 1,000
Elon Musk’s Twitter, as expected, has begun the process of sacking about half of its 7,500 workers by cutting access to their laptops, emails and internal Slack channels. Anticipating the mass layoffs, employees filed a class-action lawsuit against the company, accusing it of violating US law by not giving them enough notice.
Microsoft continues layoffs, sacks nearly 1,000: report
The company has confirmed the ‘role eliminations’. This is the third round of layoffs at Microsoft in four months. In July, the Big Tech firm fired nearly 1% of its 180,000-strong workforce across offices and product divisions as part of a ‘realignment’.
Festive sales stoke demand; EPAM sacks 100 in India
The buoyant start to the festive sales – which will continue till Diwali -- comes after muted growth over the past six to eight months, owing to high inflation.
EPAM sacks 100 in India, revokes offers
Sources said the number of people forced to resign across both companies — EPAM Systems and EPAM Anywhere —could be at least 100 employees. ET couldn’t independently verify the number.
Wipro sacks 300 for moonlighting; Pepperfry eyes 2023 IPO
On August 22, Wipro’s executive chairman Rishad Premji kicked off the ongoing controversy over moonlighting – taking up more than one job at a time – terming it “cheating, plain and simple”. On Wednesday, he told us the company has since sacked 300 employees who were found to be working for its competitors on the side.
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