I was not familiar with the concept of “layoff” when I was in India. My father used to work in a jute mill and occasionally faced “lock outs” which meant that gates of the mill were locked by the company and no employee was allowed to enter the premises and work; they did not get paid either.
While layoffs in the global tech industry continue unabated, employers in the US are planning to budget less for salary raises next year, according to a new report.
Barclays reinforces its Indian team while downsizing globally, emphasizing commitment to the Indian market.
Online food delivery platform Swiggy's losses doubled to Rs 3,629 crore in FY22 compared to Rs 1,617 crore in the last fiscal year.
Google and Apple are the only Big Tech firms remaining that have not announced any mega job cut globally.
While expressing his gratitude and love for every individual who has ever worked for Twitter, he added that he did not anticipate that sentiment to ever be reciprocated.
As per the reports the layoffs are taken across the field of engineering, sales and marketing, and communications teams.
In January and February this year, the unemployment rate in the EU stood at 7.3 per cent and 7.5 per cent, respectively, equivalent to almost 16 million people.
Earlier, Uber Technologies Inc had said the COVID-19 crisis had impacted a total 6,700 jobs globally, including the 3,700 layoffs announced earlier this month.
Swiggy’s big moves come a few days after its arch-rival, Zomato, layoff its 13 per cent of its workforce.
