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GOVERNMENT LAYOFFS 2023
Laid off by Amazon and Microsoft in 3 years, techie shares the golden rule for surviving AI-era job lossAfter being laid off by Amazon and Microsoft within three years, tech professional Dave Lewis was forced to rethink his career path in an i...- Firms on AI spending spree: US tech companies cut most jobs in nearly 2 yearsThe tech sector said last month it planned to eliminate 38,242 positions, the most since August 2024, according to data from outplacement f...
- US manufacturing activity scales four-year high in May, ISM saysAmerican manufacturing saw a significant boost in May, reaching its highest point in four years. Businesses are ordering ahead due to risin...
- US jobless claims rise to 215,000 but layoffs remain low despite Iran war uncertaintyThe persistently low number of claims suggests that most U.S. companies have not resorted to layoffs. But even if they're not cutting jobs,...
- US jobless claims rise to 215,000 but remain low despite Iran war uncertaintyAmericans sought more unemployment benefits last week. Layoffs remain low despite economic uncertainty. Jobless claims are up to 215,000. T...
- US company ClickUp lays off 22% workforce, but CEO says bigger rewards await those...ClickUp Layoffs: ClickUp is cutting 22 per cent of its workforce as the company shifts more aggressively towards artificial intelligence-dr...
- Google-backed Adda247 cuts 20% workforce amid slowing revenueEdtech platform Adda247 has reduced its workforce by 20%. This move comes as the company experiences slowing revenue growth. Adda247 is pre...
- Student loan forgiveness changes hit middle class hard: New bill counts jobless months, speeds up debt relief for laid-off workersNew student loan rules may help people who lose jobs. The plan could count no-payment months for loan forgiveness. This can help middle-cla...
- US weekly jobless claims fall more than expectedNew applications for unemployment benefits in the U.S. fell more than expected last week, indicating a stable labor market. However, federa...
- US weekly jobless claims rise more than expectedInitial claims for state unemployment benefits in the U.S. rose by 22,000 to 242,000 for the week ending February 22, surpassing economists...
- RBI's draft rules on fintech SRO; Pixxel unveils mega facilityThe main idea behind the guidelines is to empower the fledgling sector to function and innovate responsibly even in the absence of formal r...
- Top technology and startup developments of 2023ETtech's year-end stories delve into key events that shaped the technology and startup scene this year. Here are the top reads as we review...
- Israel tech firms to continue job layoffs in 2023: ReportOne-quarter of companies have stopped recruiting new employees and another quarter plan more layoffs - many of those planning to let go 5% ...
- Byju’s cuts another 1,000 jobs; ‘year of efficiency’ at Meta, says Mark ZuckerbergTroubled edtech firm Byju’s, in a fresh round of layoffs, has fired another 1,000 employees. This and more in today’s ETtech Top 5
- Budget should focus on falling imports, impact of slowdown: P ChidambaramHe said that the Union Budget should also focus on the danger of falling consumption leading to lower standards of living due to high unemp...
- Software firm Scale AI lays off 20% of workforceScale AI is waiving the one-year equity cliff for employees with less than one year of tenure and offering immigration assistance to those ...
- ETtech layoff tracker: job cuts continue as thousands fired in first week of 2023Big tech firms such as Meta, Twitter, Amazon, Alphabet, and Microsoft announced en masse layoffs last year citing 'global uncertainty, dwin...
- Tech firms lead companies with most December job cutsUS-based employers said they were cutting 43,651 jobs in the final month of 2022, down 43% from the number of cuts announced in November.
- After a roller coaster 2022 of strong growth & layoffs, what 2023 holds for IT industry?On one side, analysts are predicting a further slowdown, industry leaders are anticipating a positive outlook. Despite these crises, it is ...
- UPI market share rules postponed; Amazon plays down India layoffsIn November 2020, the National Payments Corporation of India announced controversial new rules that sought to cap the market share of indiv...
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