Tuesday, May 21, 2024

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Job Loss

Meta announces 2nd round of layoffs to become ‘flatter and leaner’: 10000 jobs to be cut, 5000 openings not to be filled

Meta CEO Mark Zuckerberg announced that 10,000 jobs in the company will be cut in the second round of layoffs

Amazon to layoff over 18,000 employees, had fired 10,000 in November 2022

"Between the reductions, we made in November and the ones we're sharing today, we plan to eliminate just over 18,000 roles. Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PXT organizations," CEO Andy Jassy said in a statement.

Netflix lays off 300 employees in the second round of job cuts amidst falling subscriptions

Netflix has laid off 300 employees or 4 per cent of its workforce amidst slowing growth revenue.

West Bengal: TMC backed electricity board employees’ union asks private IT company to cancel appointment of a man ‘because he belongs to RSS’

TMC backed West Bengal State Electricity Board Employees' Union asks IT company Cosyn to not appoint RSS worker

Adani group shuts logistics park in Punjab due to seven-month blockade by farmer protesters, buys land in UP for data centre

After both state govt and high court failed to lift the blockade, Adani Logistics Ltd decided to shut the logistics park in Ludhiana, Punjab

UAE punishes Pakistan for not relenting on its anti-Israel stand? Pakistanis lose 3,000 jobs in a week after visa ban: Read details

While the visa ban by UAE was initially limited to tourist visas, it was later extended to employment and work visas for Pakistan

Over 250 shops closed and roads blocked since December: Shaheen Bagh protest cause loss of Rs 150 crores, per reports

250 Retail stores and commercial outlets have been shut for the past two and a half months, owing to the protests at Shaheen Bagh

Supreme Court judgments have led to 23 lakh job losses in the mining sector, says Federation of Indian Mining Industries

Federation of Indian Mining Industries (FIMI) stated that some SC judgments have led to job loss of 23 lakh people, both direct and indirect, in the mining sector, excluding petroleum and natural gas

Zomato to lay off 541 more employees, a total of 600 people fired since August

Zomato, which seems to be fighting a losing battle against its customers and partners, has also been at the loggerheads with the National Restaurant Association of India (NRAI) over deep discounts in its fine-dining Gold programme.

Parle responds to reports of 10,000 potential job losses, says no job loss yet, definite slowdown but issue blown out of proportion

The basic biscuits segment at Parle Products is seeing a decline in sales by 7-8 per cent. However, the company says no job losses yet.

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