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IT SECTOR LAYOFFS 2023
Manager who was about to be fired turned potential layoff into promotion: ‘Instead of updating resume he…’A Gurgaon tech manager faced termination but presented a fake AI product saving the company crores. This led to a promotion instead of a la...- 'Do what you love, Papa': Entrepreneur celebrates layoff anniversary, calls daughter his 'secret co-founder' after four words changed his lifeHimanshu Jha lost his job at 44. This setback became a turning point. His daughter's advice, 'Do what you love, Papa', inspired him. He lef...
- Laid off at age 44. Many fears. How a 4-word advice from his 5-year-old daughter helped corporate professional to start all over againA 44-year-old professional, Himanshu Jha, celebrated his first layoff anniversary, viewing it as a catalyst for entrepreneurship. He founde...
- Mark Zuckerberg says Meta made 'mistakes' in AI workforce shiftMeta's chief Mark Zuckerberg admits the company made errors during its AI shift. He is investing heavily in artificial intelligence to resh...
- Laid off from her dream tech job, woman says it was the best thing that happened to her. 'My hair stopped falling out'A woman who spent years trying to break into the tech industry says being laid off from her dream job ultimately helped her regain her heal...
- Laid off by Amazon and Microsoft in 3 years, techie shares the golden rule for surviving AI-era job lossAfter being laid off by Amazon and Microsoft within three years, tech professional Dave Lewis was forced to rethink his career path in an i...
- 'Not a real job': Rs 15 LPA salary of IIM graduate's relative fails to impress father. Forces him to prepare for government careerA post by IIM graduate and investor Ankit Kedia has sparked a debate online after he shared how a relative was unhappy despite his son secu...
- VCs turn the screws; Ex-Paisabazaar CEO’s new betHappy Friday! Investors are rewriting the rules of engagement with founders after governance blowups. This and more in today’s ETtech Morni...
- AI shift drives Opendoor’s India exit: Here's all you need to knowUS real estate firm Opendoor is closing its India operations. Nearly 250 employees in Bengaluru and Chennai will be laid off. This move is ...
- Techies slept in office to meet deadlines. Then given 3 days of leave and sudden layoff of whole team. What happened on the last day?Junior ML engineers at an Indian tech company faced extreme burnout and excessive demands, including working around the clock. After a majo...
- Infosys, HCL Tech, other IT stocks tumble up to 3%. What's spooking investors?Indian IT stocks, led by Infosys, HCLTech and LTIMindtree, fell up to 3% as hotter-than-expected US inflation fuelled concerns over prolong...
- Microsoft's Xbox plans for major layoffs next month: ReportThe job cuts would mark the first major restructuring under Asha Sharma, who took charge as CEO of the gaming unit in February.
- Meta-Reliance AI hub; SAP CEO on India's AI edgeMeta has tapped Reliance for India AI data centre. This and more in today's ETtech Top 5.
- Salesforce layoffs: Employees from Agentforce AI, Mulesoft IT teams handed pink slipsThe enterprise software company has undertaken a fresh round of layoffs, affecting employees working on its Agentforce AI product, Mulesoft...
- Q4 FY26 earnings: Metal companies lead growth, backed by robust volumes and favourable pricing trendsET Wealth presents an 8-quarter earnings assessment report of various sectors. The year-on-year net profit growth for 18 sectors is present...
- Six-figure salary, MNC job but still driving taxi: Bengaluru techie left surprised after realising who is driver wasA Bengaluru software engineer was surprised to discover that his Rapido bike taxi rider was also a software developer working at a multinat...
- Google Cloud layoffs: Threat intelligence team, Mandiant employees among those affectedGoogle Cloud has recently implemented job cuts, impacting teams including employees in Mandiant and its Threat Intelligence Group. These la...
- Firms on AI spending spree: US tech companies cut most jobs in nearly 2 yearsThe tech sector said last month it planned to eliminate 38,242 positions, the most since August 2024, according to data from outplacement f...
- US weekly jobless claims increase more than expected; labor market remains stableDespite high-profile job cuts by technology firms related to the adoption of artificial intelligence, layoffs have remained low, confining ...
- Job cuts in U.S: Lay offs total over 97,000 in May, highest in six years. Check what is disrupting jobs marketLay offs in the U.S. continue to make headlines as job cuts in the country were estimated highest since 2020.
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