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SOFTBANK WORKFORCE REDUCTION
Oracle to complete 30,000 job cuts by June 15: What's the reason, which team is impacted the most and what Oracle workers could be giving up when they sign severance agreementsOracle layoffs 2026: Oracle is finalizing its largest workforce reduction, with approximately 30,000 employees departing by mid-June. Despi...- Job cuts at Freshworks; Meesho, PB Fintech Q4 earningsFreshworks announced job cuts as it ramps up AI focus. This and more in today's ETtech Top 5.
- Tech layoffs: India once again in the crosshairs, with 1 in 3 laid off by Oracle based hereThousands of Oracle employees in India faced immediate job termination via email. This action is part of a global workforce reduction affec...
- Intel stock up 90% in 2025 amid strategic funding and AI-PC demandIntel exceeded September-quarter expectations, supported by strategic investments, CEO cost cuts, and strong chip demand, driving stock gai...
- Even after strongest quarterly performance since June 2021, SoftBank to layoff 20% of its Vision Fund teamSoftBank Vision Fund layoffs 2025: SoftBank Group is reducing its Vision Fund workforce by 20%. This decision comes after the fund reported...
- TCS rolls out pay hikes; Paytm trims headcount in FY25Weeks after announcing massive layoffs, TCS said it will raise salaries for 80% of its workforce. This and more in today’s ETtech Top 5.
- Zomato layoffs; OpenAI’s $300 billion valuationFood delivery major Zomato has asked 500 of its junior-level employees to leave. This and more in today’s ETtech Top 5.
- Infy lays off trainees; Amazon, Flipkart warehouses raidedIT major Infosys has laid off more trainees from its Mysuru campus. This and more in today's ETtech Top 5.
- Layoffs in 2024: These startups grappled with workforce cutsThe year witnessed notable layoffs, with numbers ranging from a few hundred to a few thousand, at companies like Ola Electric, Paytm parent...
- How Unacademy board tweaked targets for founders’ voting rightsEdtech unicorn Unacademy has changed the target for its cofounders Gaurav Munjal and Hemesh Singh to access additional voting rights throug...
- Layoffs in 2023: Microsoft, Cognizant, Accenture among latest firms to cut jobs amid economic turmoilThe layoff wave has swept not only startups and mid-sized firms, but also big tech companies such as Amazon, Microsoft, and Google parent A...
- Unacademy launches gamified app for UPSC aspirantsThe new experiment at the Bengaluru-based startup comes at a time when the company is facing intense pressure to show profitability as Covi...
- Unacademy to be profitable at group level in April: CEO Gaurav MunjalWith a cash balance of Rs 1,977 crore and an average monthly burn of Rs 17 crore, the Unacademy group will have at least 116 months of runw...
- Unacademy leadership to take salary cuts of up to 25%, says edtech’s founder Gaurav MunjalIn a memo to employees, cofounder and CEO Gaurav Munjal told employees that the Bengaluru-based unicorn’s leadership including founders wil...
- Unacademy to slash 12% of workforce in another round of layoffsUnacademy had cut its headcount by 1,350 across two rounds of layoffs last year, while its subsidiary Relevel had fired 40 employees in Jan...
- Sandhya Devanathan is Meta India’s new head; Amazon begins mass layoffsMeta appointed Sandhya Devanathan as its India head on Thursday, a week after WhatsApp India chief Abhijit Bose left the technology firm, c...
- Govt may double IT hardware incentives; layoffs begin at SoftBankThe Union government had in April 2021 launched a production-linked incentive scheme for IT hardware makers and while 19 companies applied ...
- SoftBank plans Vision Fund job cuts after record net lossVision Fund, which upended the world of venture capital with splashy bets on startups such as Uber and Didi, posted a $23.1 billion loss in...
- SoftBank doubles Vision Fund chief, Rajeev Misra's, pay despite record lossThe pay hike for Rajeev Misra comes at a time when the Vision Fund is planning deep cuts in staffing.
- SoftBank’s Vision Fund is planning to cut 10% of staffThe Vision Fund has struggled since WeWork botched its efforts to go public last year and SoftBank stepped in to bail the company out.
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