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JOB CUTS IN TECHNOLOGY
Top performers at Accenture to get bonuses of up to 27%Accenture is rolling out performance-linked bonus payouts for its employees in November 2026. The bonus payouts range from 0% to 27% for el...- Accenture rolls out bonuses of up to 27% for employees; India payouts range 8-26%The payouts range from 8% to 26% in India, which accounts for around 3.5 lakh or roughly half of its 8.14 lakh employee base of the Ireland...
- Valuation of top diaspora-led firms jumps 53 pc to USD 15 trillion on AI boom: ReportThe valuation of top global companies led by the Indian diaspora has surged to USD 15 trillion. The sharp increase is largely attributed to...
- ‘The MBA model will remain the same. The content will change’: IIM Ahmedabad directorIIM Ahmedabad is gearing up to unveil a cutting-edge executive MBA program in Dubai, specifically designed for senior leaders. This initiat...
- Amid layoff season, this Bengaluru company is paying employees to quit and start their own business and return back if things don't work outAmid layoffs and voluntary buyout offers at global tech companies, Bengaluru-based iD Fresh Food is encouraging employees to quit and start...
- Xiaomi eyes local partners; Electronics firms target AI infraXiaomi is looking for local partners as it plans to manufacture home appliances in India. This and more in today’s ETtech Top 5.
- Tech layoffs were just the start: 1.6 million more US job cuts could push America toward recessionUS technology layoffs have crossed 200,000 in 2026, with Google, Microsoft, Amazon and other major companies cutting jobs. But the bigger c...
- Qualcomm layoffs severance package: 3 months' salary, extra payout based on years of service & one more month's pay for signing exit papers within 3 days; what employees are being offeredQualcomm has reportedly begun laying off employees in India as part of a global workforce restructuring exercise that could affect around 1...
- ShareChat hires creative directors as AI cuts microdrama costs by 40%: CTO Nitin JainNitin Jain told the Economic Times Digital that AI has lowered the barrier to entry for creators, while the company's engineers now supervi...
- Australia's Qantas Airways to cut 850 jobs as AI takes off, back-office work shifts to IndiaAustralia's largest airline Qantas will cut 850 jobs from mid-2027 as it shifts some corporate functions to India and accelerates the adopt...
- Disney, Adobe to co-develop custom AI models tailored for media giantThe move, announced Monday, will start with speeding up project development timelines at Disney's Experiences division, home to its global ...
- Voters demanded economic relief. Trump and Democrats face tough choices on how to deliverVoters have conveyed a clear message about the necessity of addressing inflation and economic issues. Both parties are preparing to respond...
- Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto marketsBitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncert...
- US stock market today: Why is the Nasdaq up 1% while the Dow Jones falls? S&P 500 turns green amid tech stock volatility and Fed rate hike fears over strong October jobs reportUS stock market today: Wall Street is seeing a split recovery on Friday after Thursday's AI-led sell-off. The Nasdaq has jumped 1.02%, whil...
- Canva to cut about 22% of staff as growth slowdown triggers restructuringAustralian graphic design platform Canva Group said on Wednesday it would cut 1,271 jobs, or about 22% of its workforce, as part of a restr...
- Disney weighs sweeping layoffs, with thousands of jobs at risk as CEO Josh D'Amaro targets 20% cost cutsWalt Disney is reportedly considering cutting thousands of jobs as part of a cost-saving restructuring initiative. The company's leadership...
- Canva may announce another round of layoffs in November, report claims; hiring freeze also possibleCanva appears to be bracing for possible layoffs or a hiring freeze after recently downsizing their team by cutting 32 employees from the t...
- HSBC to open Hong Kong AI Institute following Singapore launchThe AI unit will work with Hong Kong University of Science and Technology as its anchor academic partner, Elhedery said, though he did not ...
- Amazon layoffs to 'improve efficiency': What they mean for employees & how they compare with job cuts at Microsoft, Netflix and Oracle across Big TechAmazon layoffs: Amazon has cut around 250 jobs in its devices and services division, primarily in software development, as it looks to stre...
- 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...
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