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NETFLIX EMPLOYEE REDUCTION
Netflix layoffs: 1,000 employees eliminated ahead of quarterly earnings results; biggest cut since 2022After a challenging year at Wall Street, Netflix lays off around 1,000 employees, comprising about 6% of its total workforce. The impact wi...- Netflix announces its biggest layoffs to date, to fire 6% employees. Read the full letter of co-CEOs to staffIn a strategic move amid declining subscriber numbers, Netflix announced the layoff of approximately 1000 employees, making up about 6% of ...
- Netflix plans to cut about 5% of its workforce as early as next week, report saysNetflix is preparing to lay off approximately 5% of its workforce, with an announcement imminent next week. The decision follows previous l...
- Spotify has cut 15 jobs in podcast unit to reduce management layers: ReportThe streaming giant’s podcast journey since 2019 has been marked by strategic pivots. It initially pursued platform exclusivity before open...
- Social Security announces major shakeup affecting 70 million Americans: Will your benefits go up or down?The Social Security Administration (SSA), under Commissioner Frank Bisignano, is modernizing its services, leading to faster call response ...
- NASA Layoffs: Is Trump’s budget cut approved by Congress? NASA asks employees to opt for early retirement, deferred resignation, or voluntary separation. Here’s last date and terms of departureNASA has announced new staff reduction programs in response to a proposed 24% budget cut. Employees may opt for early retirement, deferred ...
- Healthkart’s secondary deal; Honasa shares plummetHealthkart has closed a secondary funding round that values the startup at $500 million. This and more in today’s ETtech Top 5.
- Wisconsin Assembly passes bills regulating AI use in elections, outlawing AI-produced child pornThe Assembly approved a bipartisan measure to require political candidates and groups to include disclaimers in ads that use AI technology....
- Debit cards' downward spiral; OTTs on inclusivity quotientOnline shoppers are increasingly swiping credit cards or using digital payments over debit cards, data shows. Numbers on this trend and mor...
- CXO-Driven Transformation: Success Stories and StrategiesChief Experience Officers (CXOs) play a crucial role in driving transformation within organizations. They prioritize customer-centricity, l...
- Walt Disney Co to begin second wave of layoffs, cutting several thousand jobsThe company will cut "several thousand" jobs through Thursday, with the latest round of reductions bringing the total number of jobs culled...
- Microsoft’s GitHub fires almost half of India workforce; ad-based OTTs set to take offAfter announcing in February that it will reduce its workforce by 7%, Microsoft-owned code-sharing and publishing service GitHub laid off 4...
- Walt Disney Co begins 7,000 layoffsSeveral major divisions of the company - Disney Entertainment, Disney Parks, Experiences and Products, and corporate - will be impacted, ac...
- An Indian FAANG? Lessons from Jeff Bezos and AmazonTill July, the year of 2022 had witnessed the birth of 19 unicorns with a total valuation of close to $25 billion. These Indian unicorns wi...
- ‘No longer sure bets’: Tech giants are dropping bad news dailyThe drumbeat continued yesterday, as Tesla Inc. Chief Executive Officer Elon Musk told employees the electric-vehicle maker needs to reduce...
- Elon Musk feels 'super bad' about economy, needs to cut 10% of Tesla staffMusk's stark warning of a potential recession and the knock-on effect for automakers is the most direct and high-profile forecast of its ki...
- ETtech Morning Dispatch on 21 Jan. 2021: Top tech news to start your dayFrom India's plan to revamp IT Act to Tesla India's one-seat office in Bengaluru and Joe Biden's tech to-do list, here are the must-read to...
- Having earned 50 crore each earlier, Snapdeal founders take a 100% pay cut to trim costsIn 2014-15, the founders received compensation of Rs 52.94 cr each, including salaries of Rs 1.5 cr and payment against founder stock optio...
- Snapdeal confirms layoffs, founders to take 100% pay cut; here's their letter to employeesSoftBank, Foxconn and Alibaba Group-backed company's founders, Kunal Bahl and Rohit Bansal, have pledged not to take salary, for an unspeci...
- Weakening dollar sends stocks and commodities rallying across global marketsRaw-materials producers led gains on the MSCI All Country World Index as US equity index futures rose.
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