Oracle 6 a.m. layoff notice: Will more employees get this letter on September 1 that 30,000 received on March 31 morning?On March 31, Oracle executed a massive layoff, affecting thousands of employees worldwide. Notices were sent through email, indicating that...
31 Aug, 2026, 04.23 PM IST
Over 114,000 jobs cut in tech so far in 2026 as AI drives layoffs at Amazon, LinkedIn, othersTech companies are implementing significant workforce reductions, with 114,210 roles cut in early 2026, driven by AI and automation. Major ...
25 May, 2026, 06.30 PM IST
Freshworks cofounder Mathrubootham rejects ‘SaaSpocalypse’ prediction, says AI agents won’t kill industryMathrubootham said Anthropic’s February Claude Cowork plugins triggered a sell-off in markets across the globe, erasing $285 billion in sof...
26 Mar, 2026, 03.33 PM IST
Year in Review: SaaS firms tackle funding dip and a slump amid AI disruptionIndia's SaaS industry is facing challenges such as slowing demand, cautious investor funding, and the impact of AI. Funding levels remain b...
30 Dec, 2024, 06.00 AM IST
Understand layoffs when struggling but this naked greed: Zoho CEO lashes out at company for reducing workforce by 13%Zoho CEO Sridhar Vembu criticized Freshworks for laying off 13% of its workforce, despite having $1 billion in cash and announcing a $400 m...
08 Nov, 2024, 09.03 PM IST
Ixigo IPO fully subscribed; more layoffs at PaytmThe initial public offering of subscription travel firm Ixigo sailed through on the first day on robust retail interest. Details on this an...
10 Jun, 2024, 07.55 PM IST
Bootstrapped SaaS startup Kissflow culls 11% workforceKissflow, a Chennai-based startup, announced the layoff of about 45 employees (11% of its workforce) across India, the US, and the UAE. The...
10 Jun, 2024, 05.54 PM IST
SaaS founders are grabbing talent amid tech layoffsHevo Data, a Peak XV Partners-backed data management SaaS startup, was finding it hard to even interview candidates just 6-9 months ago as ...
17 Aug, 2023, 01.28 PM IST
SaaS startup Actyv.ai fires 60 staffers as market downturn bitesThe layoffs were a result of a right-sizing initiative in response to prevailing market conditions, a company statement said.
02 Aug, 2023, 08.49 PM IST
Data analytics platform Sumo Logic lays off 79 employeesAnonymous Sumo Logic employees posted on online company review site Blind that laid off employees "had received two months of pay but no ot...
19 Jun, 2023, 10.33 AM IST
SaaS firm Freshworks undertakes fresh round of layoffsConcerns over margin and recessionary pressures and increasing interest rates in the US have led to a rout in technology stocks.
16 Mar, 2023, 09.11 PM IST
ETtech Interview | Non-tech sectors modernising faster as growth slows at tech firms: Postman CEO Abhinav AsthanaThe most valued Indian Software-as-a-Service (SaaS) startup at $5.6 billion, Postman has partnered with companies like Axis Bank and Disney...
16 Feb, 2023, 07.05 AM IST
SaaS platform Actyv.ai raises $7 million funding from CEO’s family officeActyv.ai said that the fresh funds will fuel global expansion, product enhancement, portfolio growth and talent acquisition.
10 Jan, 2023, 03.58 PM IST
2022 Year in Review | Slowdown cloud: Value-for-money software is silver lining for India SaaSIndian Software-as-a-Service companies are bracing for slower quarters as a potential recession in US could hurt topline.
30 Dec, 2022, 05.58 PM IST
Layoffs likely at product software company Freshworks amid reorganisationA person aware of the reorganisation said Freshworks was trying to match skills to demand across teams and the exercise may lead to some em...
15 Dec, 2022, 09.42 PM IST
SaaS companies lean on core business to ride out US market stormFirms turn to ‘efficient growth’ and ‘path to profitability’ as buyers review their spends.
23 Nov, 2022, 06.01 AM IST
FarEye lays off 250 employees at time of appraisalThe e-commerce focussed software-as-a-service (SaaS) provider last year raised $100 million from series E
11 Jun, 2022, 07.51 PM IST