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WORKFORCE TRIMMING
Over 114,000 jobs cut in tech so far in 2026 as AI drives layoffs at Amazon, LinkedIn, othersTech companies are implementing significant workforce reductions, with 114,210 roles cut in early 2026, driven by AI and automation. Major ...- OnePlus, Xiaomi among firms trimming marketing and sales roles in India amid cost pressureSmartphone companies are reducing staff in marketing and sales. Rising costs and slower sales are pushing brands to cut expenses and focus ...
- Lenskart, Ola’s Q4 scorecards; Visa maze for laid-off techiesLenskart has posted a sharp jump in its March-quarter revenue even as profit dipped marginally. This and more in today’s ETtech Top 5.
- ET Prime Special Series: Multibagger or IBC - Part 59: Japan taught it. Tata bought it. Now EVs will test this auto ancillaryThis is a story about a company that is simultaneously an asset and an anomaly. An asset because it builds a tangible, necessary product, g...
- Govt’s new ‘law-to-code’ push; UpGrad’s $1.7 billion valuationHappy Wednesday! The government plans to translate legal provisions into software code that enforces compliance by design. This and more in...
- Gig workers' incentives cool; YC attendees resell AI creditsHappy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in to...
- India crowns Meta AI; More layoffs hit techIndia is now the ground zero for Meta’s AI push, WhatsApp chief Will Cathcart told us. This and more in today's ETtech Top 5.
- GitLab to cut jobs, reinvest in AI agents push: CEO Bill StaplesGitLab is cutting jobs to redirect resources towards the growing market for AI agents, aiming to capitalize on emerging "agentic" opportuni...
- Swiggy, Urban Company report Q4 losses; Zepto gets IPO nodNew-age companies Swiggy and Urban Company closed the March quarter in the red, even as revenues surged. This and more in today's ETtech To...
- Startups seek digital gold rules; IT firms bet on freshersHappy Friday! The Centre may be open to creating an oversight framework for the digital gold sector. This and more in today’s ETtech Mornin...
- US jobless aid filings fall to 189,000 despite economic headwinds and war in IranUS jobless claims dropped significantly last week, falling below 200,000. This occurred despite ongoing economic challenges, including the ...
- Cognizant forecasts quarterly revenue below estimates on cautious IT spendingCognizant Technology has recently announced an unexpected decline in its quarterly revenue forecast, indicating that clients are exercising...
- Meta targets May 20 for first wave of layoffs; additional cuts later in 2026The Facebook and Instagram owner will lay off about 10% of its global workforce, or close to 8,000 employees, in that initial round.
- TCS declares Nashik WFH; Wipro Q4 resultsTata Consultancy Services has moved staff to work from home amid an ongoing investigation at its Nashik office. This and more in today’s ET...
- US jobless claims fall last week as layoffs remain low despite global economic uncertaintyJobless claims in the U.S. have decreased, staying within recent years' levels. This comes as the Iran conflict creates global economic wor...
- Moving up the value chain proves costly as tech majors and GCCs slash jobsGlobal layoffs are intensifying across large tech firms and global capability centres in India, as companies like Oracle, Cisco, Amazon and...
- Wells Fargo interest income misses estimates, shares fallWells Fargo's interest income fell short of Wall Street expectations in the first quarter on Tuesday, as a string of rate cuts from the U.S...
- Disney layoffs 2026: Why Disney is cutting 1,000 jobs now and and which departments are affected mostDisney layoffs 2026: The latest Disney layoffs 2026 move has sent shockwaves across the global media industry. Around 1,000 jobs are being ...
- US filings for jobless aid jump to 219,00 last week but remain within stable range of past few yearsU.S. applications for unemployment benefits rose last week before Iran, Israel and the U.S. announced a two-week ceasefire deal that inject...
- US Stocks: Block shares soar 16% as Jack Dorsey leans on AI to trim workforceBlock shares soared more than 16% on Friday after the fintech firm announced it would nearly halve its workforce as part of an overhaul to ...
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