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TECHNOLOGY COMPANIES LAYOFFS
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.
- Software majors delete 24,000 jobs across IT and engineering in a yearOver the last one year, Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTIMindtree collectively recorded 92,00...
- Bola Sokunbi started investing during a recession in 2007; about 10 years later, her portfolio had crossed $1 millionBola Sokunbi saved $100,000 within three years of graduating and kept investing when markets fell in 2007. About a decade later, her portfo...
- Who is Tyler Shultz? The whistleblower who led to the toppling of Elizabeth Holmes’ $9 billion Theranos touted to become the ‘Apple of healthcare’Tyler Shultz became a whistleblower exposing Theranos, which was founded by Elizabeth Holmes in 2003. Holmes claimed Theranos could revolut...
- Infosys, TCS and Cognizant cut H-1B lottery registrations as Trump tightens US visa rulesInfosys, Tata Consultancy Services (TCS) and Cognizant registered far fewer candidates for the US H-1B visa lottery for fiscal year 2027, a...
- Netflix layoffs: 1,000 employees eliminated ahead of quarterly earnings results; biggest cut since 2022After a challenging year at Wall Street, Netflix lays off around 1,000 employees, comprising about 6% of its total workforce. The impact wi...
- Netflix layoffs: Senior designer laid off after launching two projects ‘from 0 to 1’, shares career updateSenior Product Designer, at Netflix, Heather Noddings has lost her job amid the streaming giant’s layoffs. Based in Los Angeles, she announ...
- Netflix layoffs: Employee loses job after 12 years, says ‘it’s hard to put into words’, after 1,000 workers are laid offNetflix is laying off nearly 1,000 employees, around 6% of its workforce, amid organisational changes. Adam Mulder, who spent 12 years at t...
- Skyroot eyes funding boost; MDR deferment cheers D2C brandsHappy Thursday! Skyroot is eyeing a big funding round as it gears up to scale rocket production. This and more in today’s ETtech Morning Di...
- 12,700 tech professional return from US in 9 monthsThe data sourced from staffing firm Xpheno shows that the numbers have been steadily going up, from 7,200 in 2023 and 9,800 in 2024. The fi...
- Netflix lays off 6% of its workforce: Employee shares why he feels ‘relieved’: ‘I have no idea…’Netflix has slashed about six percent of its workforce – this has impacted more than 1,000 employees in total. Taking to Reddit, one Reddit...
- Netflix announces its biggest layoffs to date, to fire 6% employees. Read the full letter of co-CEOs to staffIn a strategic move amid declining subscriber numbers, Netflix announced the layoff of approximately 1000 employees, making up about 6% of ...
- China solar giants shed another 40,000 jobs last year as overcapacity persistsChina's leading solar manufacturers have cut their workforce by 21% as they continue to face financial challenges. Despite increasing deman...
- AI skills redraw entry-level jobs map as IT-BPM fresher hiring reboundsCompanies are moving beyond bulk recruitment and willing to pay a premium for AI-native talent as routine work gives way to specialised rol...
- Sridhar Vembu net worth: Zoho co-founder who built a multi-billion dollar business ranks among India’s richest with his siblings; his career, education and wealthSridhar Vembu Net Worth: Zoho co-founder Sridhar Vembu and his siblings have a combined net worth of $5.8 billion, according to Forbes. He ...
- Kroger to cut 3,000 corporate jobs as CEO Greg Foran launches sweeping restructuring to take on rivals in the battle for cheaper groceriesKroger is embarking on a major restructuring by cutting around 3,000 corporate roles to boost operational efficiency. This strategic decisi...
- Zoho skips pay hikes, cites raised AI costs and geopolitical backdropIn a recent statement, Zoho's founder Sridhar Vembu announced that the company will not implement salary hikes for its employees. This deci...
- India’s AI rules take shape; TCS profit jumps 15%The government is set to release a consultation paper on AI regulations within a month. This and more in today’s ETtech Top 5.
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