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TECH INDUSTRY DOWNSIZING
SpaceX, Anthropic, OpenAI can rewrite history for megacap IPOsInvestors face a key decision on when to buy shares in upcoming mega-tech IPOs like SpaceX, Anthropic, and OpenAI. Historical data shows te...- Techie reveals how he was laid off unceremoniously: ‘No prior indication….’A software engineer's abrupt job termination has sparked discussion on Developers India. The engineer described a sudden dismissal without ...
- 'Reskilling won't help': 2,00,000 tech jobs gone, 30,000 more lay offs likley in next two months, says reportThe global tech sector is experiencing unprecedented job cuts in 2025, with over 202,000 employees laid off, primarily by US firms. Driven ...
- Managing great tech churn requires careTech firms are adapting to AI's impact on jobs. Companies are offering better severance packages to employees not suited for AI roles. This...
- Elon Musk's xAI fires 500 data annotators amid plans to expand specialist AI tutor teamElon Musk's xAI has reduced its workforce. The company has laid off at least 500 workers from its data annotation team. This team helps dev...
- Intel cuts over 500 jobs in Oregon as part of layoff planThe Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15, Intel said in a regulatory filing. The layoffs are...
- Tech layoffs continue to climb in 2024 as Intel plans 1,300 job cuts: Why are tech jobs vanishing across the US?Intel will lay off 1,300 employees in Oregon as part of cost-cutting measures. This reflects a larger trend of tech layoffs in 2024, with c...
- Salesforce laying off 700 workers in latest tech industry downsizing: reportAccording to the Wall Street Journal, Salesforce still has 1,000 jobs open across the company, implying that the move could be more of a ro...
- Qualcomm denies to shut down Shanghai R&D Centre, plans to trim workforceIn August, the chip major warned of an ongoing slump in smartphone sales and likely job cuts.
- Online gaming likely to see hiring pullbacks; layoffsThe GST Council's decision, to be implemented from October 1, will not only impact fresh hiring but also lead to job losses, particularly a...
- Over 17,000 Indian startup employees laid off in the first half of 2023 as funding winter refuses to thawStartups, which heavily rely on external investments to fuel their growth, have been forced to downsize due to a decline in investor fundin...
- What’s driving mass layoffs in the tech sector globally?The report said that almost half of those laid off belonged to the age group of 30-40 years and had an average work experience of 11.9 year...
- Indian recruiters see replacement, new hiring aheadThe maximum hiring is expected for IT roles, given the demand for tech skills, as per the jobsite's Hiring Outlook Survey that covered 1,40...
- How Singapore's large-scale tech layoffs are impacting IndiansBased on 2021 Singapore Ministry of Manpower figures, about a quarter of the 177,100 employment pass holders or around 45,000, are from Ind...
- ByteDance pays $1.5 billion for China hospital chain in health forayTikTok’s Chinese owner paid about 10 billion yuan to take full ownership of Amcare Healthcare, which runs women’s and children’s hospitals ...
- Quess Corp reports 22% jump in Q1 profitThe company was focused on achieving a 20% return on equity on the back of a talent battle playing out in the tech sector, said Quess Corp ...
- Despite layoffs, 60% IT workers get jobs within 6 months:TechGig StudyMassive job cuts in the IT sector have made for troubling news since a long time. A heartening note is that most of the IT workers, who fac...
- Tech Mahindra reskilling employees amid automationThe IT services giant is reskilling employees through a three-tier internal training programme structure and collaboration with online educ...
- Automation will not kill but create more jobs; robots will generate new work for humans: Anant Gupta, HCL Tech CEOIT firms like Infosys and TechM have already gotten in on the act. A top executive at TechM said the company had set an automation target i...
- L&T Infotech goes into job cut modeL&T Infotech, the wholly-owned subsidiary of the country’s largest engineering company Larsen & Toubro (L&T), is trimming its workforce by ...
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