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TECH INDUSTRY LAYOFFS EFFECTS
‘I gave up on having kids while I’m at Meta’: Employee says layoff fears derailed family plans, internet eruptsAn anonymous Meta employee has gone viral after revealing that fears of future layoffs have made her postpone having children. In a candid ...- Hackers targeted US private equity, other firms including Blackstone, CME, data showsThe data shows the hackers devised websites aimed at stealing passwords from employees of private equity firms and financial companies incl...
- Gold heads for strongest week since January, US payrolls data in focusGold prices found stability on Friday, approaching their most significant weekly increase since January. Soothing concerns over inflation, ...
- Hackers targeted US private equity, other firms including Blackstone, CME, data showsThe data shows the hackers devised websites aimed at stealing passwords from employees of private equity firms and companies including Blac...
- US filings for jobless benefits rise to 199,000 last week, but layoffs remain historically lowU.S. jobless aid applications increased by one thousand last week. Filings for unemployment benefits reached one hundred ninety-nine thousa...
- Etsy posts strong second quarter, then cuts 12% of workforce; CEO Kruti Patel Goyal says layoffs aren't driven by AI or cost-cuttingEtsy is reducing its global workforce by approximately twelve percent. This significant restructuring impacts around two hundred twenty emp...
- 'Tough reality in the gaming industry': Halo Studios launches Halo: Campaign Evolved, then lays off several employeesHalo Studios has reportedly laid off several employees shortly after the game's launch. Multiple staff members have announced their departu...
- He received a 100% salary hike and a salary of Rs 40 LPA. Yet, techie is far from pleased: ‘I think they are not telling…'A Reddit user revealed how he was feeling anxious even after he heard the best news possible for an employee: He had received a 100% hike. ...
- A US cloud computing company reports $703.1 million in revenue, then announces plans to lay off 5% of its workforceNutanix plans to reduce its global workforce by approximately five percent. This strategic move aims to enhance operational efficiency and ...
- He turned a Rs 15k internship into a Rs 25 LPA offer in 2.5 years in Singapore. His classmate asks, ‘What if I had continued coding?’Techie Rutuja shared her classmate’s remarkable career journey, from a Rs 15,000 monthly internship to a Rs 25 LPA offer from a Singapore-b...
- Meta cut 8,000 jobs. CEO Mark Zuckerberg says AI is creating more work—but not inside MetaMeta's chief executive states artificial intelligence generates jobs via infrastructure demands. Thousands of corporate roles disappeared w...
- The AI layoffs are backfiring: Why companies are rehiring employees they let goCompanies are rehiring workers after AI failed to fully replace human expertise. Ford and Klarna found AI could not detect all defects or m...
- 'Millennials are getting laid off or quitting jobs, and they're happy': Viral video sparks debateA viral video highlights millennial burnout and dissatisfaction with corporate work environments. Many professionals are now voluntarily le...
- He was laid off. Then got a role bigger than his previous one. But he is far from happy: 'I consider this the biggest downfall...'A Hyderabad based employee shared how he once went from earning more than Rs 2 lakh a month to earning just over Rs 40,000 per month as his...
- Chime to cut 10% of total workforce on AI driven efficienciesFintech firm Chime is reducing its workforce by ten percent. This move aligns with a broader trend of companies using AI for operational ef...
- Global workforce layoffs now reach Indian shoresThe people said omnichannel retailer Walmart’s restructuring this May affected around 1,000 employees at Walmart Global Tech India, includi...
- Cognizant logs marginal dip in Q2 net, revenue rises 4.5%The Nasdaq-listed company revised its full year revenue forecast to $22.04-22.35 billion, implying 4.4-5.9% growth (4.0-5.5% in constant cu...
- Visa to lay off 7% of staff as efficiency push deepensVisa plans to reduce its workforce by approximately seven percent. This significant job cut will primarily affect technology and product te...
- Krutrim trims staff again, this time by another halfThe fresh job cuts come just months after ET reported on May 6 that the Bhavish Aggarwal-led startup had abandoned much of its original ful...
- Uber cuts 10% customer service jobs as AI becomes latest driver of tech layoffsUber has cut 10% of its customer service workforce, marking the first time the company has directly linked layoffs to artificial intelligen...
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