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OPENDOOR EMPLOYEE CUTS
For tech companies, years of easy money yield to hard timesFor more than a decade, investors desperate for returns sent their money to Silicon Valley, which pumped it into a wide range of startups t...
24 Jan, 2023, 03.10 PM IST
Tech companies keep slashing jobs in uncertain 2023 economyIn November, the most recent month for which data is available, the sector announced 52,771 cuts, for a total of 80,978 over the course of ...
06 Jan, 2023, 10.58 AM IST
Massive spike in unemployment coming soon; layoffs in America hit over 120,000Corporate America is drastically reducing its workforce as part of its restructuring efforts to prepare for a probable economic downturn br...
17 Nov, 2022, 05.18 PM IST
Facebook’s Meta-morphosis & this week's top tech storiesAround this time last year, Facebook – the world’s biggest social media company – decided to change course and rename itself Meta. Twelve m...
05 Nov, 2022, 09.29 AM IST
Employees sue Twitter as bloodbath looms; Udaan sacks another 1,000Elon Musk’s Twitter, as expected, has begun the process of sacking about half of its 7,500 workers by cutting access to their laptops, emai...
04 Nov, 2022, 07.17 PM IST
US tech layoffs skyrocket as companies struggle with shrinking global economySackings have intensified over the past few days, with several startups -- foreign and Indian -- firing workers to cope with the severe dea...
04 Nov, 2022, 06.39 PM IST