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GLOBAL WORKFORCE REDUCTION
Amazon announces second round of layoffs this month, cuts 250 jobs in devices unitAmazon has confirmed a new wave of layoffs, impacting approximately 250 workers within its devices division. Just weeks ago, the company cu...- 'Dropboxers, today will be your last day': Dropbox lays off 9% of global workforce; CTO Ali Dasdan to step down. Read what the company said in memoDropbox is set to cut approximately 200 jobs as part of its growth-oriented reorganization plan. The focus will be on restructuring teams i...
- Dropbox announces reduction of global workforce by about 9%In a significant move, Dropbox Inc will reduce its global workforce by roughly 9%, expecting to incur extra costs of $20 million to $25 mil...
- 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...
- Former Microsoft employee tells wife he was lucky to be fired from tech sector in 2022. What is he doing now?Former Microsoft employee Ian Yong Hoe Tan says he feels fortunate to have been retrenched in late 2022, amid growing concerns about AI-dri...
- 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...
- Eternal’s strong Q2 report; Exits outpace hiring at top IT firmsHappy Thursday! Eternal’s Q2 revenue surged on Blinkit’s growth. This and more in today’s ETtech Morning Dispatch.
- Qualcomm may cut 600-1,200 jobs in India as part of global restructuringQualcomm has not disclosed the scale of the planned job cuts or the number of positions that could be affected, and it did not respond to E...
- Gameberry Labs posts 20% rise in FY26 revenue to Rs 711 crore, profit up 17%Gameberry Labs reported a 20% increase in revenue during FY26, reaching Rs 711 crore, alongside a 17% profit rise. The company's revenue fr...
- Software majors add more hands in Q2 on deal wins, growth optimismData showed the top six had added a net 5,500 to their rolls in the April-June quarter. Employee data of Infosys, the country’s second-larg...
- Dubai bets $1.4 billion on a new financial district after Gulf war slowdownDubai is advancing a significant $1.4 billion real estate project, which includes hotels and office spaces. Although property transactions ...
- Go slow on rate hikes: Make capital accessible and affordable to drive investment and job creationIndia is witnessing a notable increase in active companies, driven by the easing of regulations and lower capital costs. The government's f...
- Britain's BBC, Channel 4 discuss broader tie-up to cut costs, sources sayIn a groundbreaking move, BBC and Channel 4 have initiated talks about merging their operations to combat rising costs and ensure longevity...
- Warren Buffett calls out the worst accounting trick in corporate America, and the analysts who help it alongEvery loan that Warren Buffett’s home business makes, it keeps. When the borrower stops paying, the loss is borne by his company rather tha...
- Britain's BBC, Channel 4 discuss broader tie-up to cut costs, sources sayBBC and Channel 4 are engaging in preliminary discussions regarding a potential joint venture to combine operations. This collaboration wou...
- How AI is transforming India’s BPM industryIndia's business process management landscape is remarkably transforming as it embraces artificial intelligence and smarter operations. Thi...
- Disney Layoffs: Why is Disney cutting hundreds of jobs again under CEO Josh D’Amaro amidst future plans?Disney is undergoing significant staff reductions as newly appointed CEO Josh D’Amaro announces layoffs affecting hundreds of workers. Most...
- VCs hungry for kitchen startups; Vala Afshar’s blueprint for India’s AI futureHappy Thursday! Venture capital investors are betting on the premiumisation wave wafting into Indian kitchens. This and more in today’s ETt...
- GCCs may trim 30,000 routine roles to fire up 1.5 lakh tech role explosionArtificial intelligence-led productivity gains and global headcount reductions are driving job cuts in some centres, while small GCCs doing...
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