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COMPANIES LAYING OFF EMPLOYEES
Explained: Microsoft's buyout offer to about 60,000 employeesStaff on select teams in the US, Canada, India, and Britain, at the level of vice president and below. Some groups are excluded, including ...- Microsoft buyouts: Which 60,000 employees in the US, UK and Canada qualify, benefits, severence package and more. Read the full memoMicrosoft buyouts: Microsoft is offering voluntary buyouts to eligible employees in the US, UK, Canada and India. Employees have until earl...
- Kia Sonnet diwali bonus to employees: Pharma company CEO gifts cars to workers for the fourth consecutive yearWhile layoffs and cost-cutting put jobs under pressure, a Chandigarh-based company has gifted four Kia Sonet SUVs to loyal employees. The i...
- No layoffs in 101 years: CEO of a company that has never laid off workers says businesses should cut costs elsewhere instead of firing employeesAs Microsoft offers voluntary buyouts to around 60,000 employees amid heavy AI investment, the CEO of a 101-year-old syrup maker says busin...
- Microsoft director took a voluntary exit offer in July. Now, he is a construction worker, plumber. What prompted a career change?After nearly 26 years at Microsoft, former director Shawn Mrzena retired in July and explored hands-on work, including construction, plumbi...
- Layoffs: Microsoft, Amazon, HP among companies reducing staff due to AI pushRecent developments reveal that leading tech firms like Microsoft and Amazon are making substantial job cuts due to the rise of AI technolo...
- Microsoft buyouts: MSFT stock price jumps but why is tech giant offering massive 'voluntary exit' package for 60,000 employees, including VP level? Check which countries workforce impactedMicrosoft, Amazon, Alphabet and Meta are collectively on track to pour roughly $700 billion into AI data centers, chips and computing infra...
- IMF, OECD warn AI could widen rich-poor country divideRecent conversations underscore the transformative possibilities of artificial intelligence in fostering global economic growth and improvi...
- IMF, OECD warn AI could widen rich-poor country divideArtificial intelligence holds the potential to significantly enhance global economic growth and productivity rates. However, poorer countri...
- Palantir says it cannot shut off NATO AI system as Europeans fear US tech dependencePalantir has proactively responded to European concerns about its military AI system by confirming there is no kill switch in place. This s...
- BioWare games shutdown: Why is Electronic Arts-EA closing, laying off employees of video game developer? What will happen to Mass Effect 5, Marvel's Iron Man, Star Wars Jedi?BioWare games shutdown: EA also said it was restructuring the team behind skateboarding simulation "skate." into a smaller, more focused st...
- EBay to lay off 9% of workforce in push to simplify operationsEBay will lay off about 1,000 employees, representing 9% of its workforce, to streamline operations. The company previously reduced its sta...
- Gratuity calculator: What can be your gratuity on Rs 50,000 last-drawn pay and 10 years of service?Gratuity is an essential payment made by employers in recognition of employees' long-standing loyalty and service. Typically, employees qua...
- Skydance bets big on AI-driven contentParamount Skydance has completed its acquisition of Warner Bros Discovery for $110 billion. The company plans to focus on reducing costs th...
- Netflix names former Disney executive Peter Rice as new content chief as Bajaria departsNetflix has appointed Peter Rice as the new chief content officer starting on October 26. Rice, previously at Disney, will manage the platf...
- 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...
- Zoho’s Vembu refuses to lay off people even as AI squeezes SaaS companiesThe cofounder and chief scientist of the SaaS firm said Zoho retrains people to deploy on new products or helping customers better, when AI...
- Netflix layoffs: Employee loses job after 12 years, says ‘it’s hard to put into words’, after 1,000 workers are laid offNetflix is laying off nearly 1,000 employees, around 6% of its workforce, amid organisational changes. Adam Mulder, who spent 12 years at t...
- Netflix lays off 6% of its workforce: Employee shares why he feels ‘relieved’: ‘I have no idea…’Netflix has slashed about six percent of its workforce – this has impacted more than 1,000 employees in total. Taking to Reddit, one Reddit...
- Microsoft Azure is not taking cost-cutting measures, says software giant spokesperson amidst AI overhaul reportsMicrosoft has announced the next generation of its custom AI chip and said it plans to deploy potentially more than a million of them next ...
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