UPS announced on April 29 that it would eliminate 20,000 positions this year, or around 4% of its global workforce. However, UPS clarified that the decision has nothing to do with tariffs and is instead the result of a previously declared goal to reduce its Amazon business and increase
The lender in the private sector was responding to news that over 100 top staff members had been asked to resign.
According to reports, tech firm Meta has laid off employees in its Reality Labs division, mostly affecting hardware development and Oculus Studios teams. One of the projects affected is Supernatural, a virtual reality fitness game that Meta purchased for more than $400 million. According to the firm, the change is
Intel's layoffs are intended to "streamline management and rebuild an engineering-driven culture". The chip giant undergoes significant reorganisation under its new CEO, Lip-Bu Tan who took over company's operations in March 2025.
Through NIIT and UpGrad, Infosys is providing free upskilling classes to those who are impacted. The layoffs occur while Infosys manages a low level of demand.
The startup laid off about 20 members of the engineering and product teams earlier this year, making this the second round of layoffs from these teams. According to the sources, it also fired its whole 40-person insurance staff early this year.
AI platform Gupshup has axed close to 500 people over the past five months in what it claims is an effort to boost profitability and streamline operations. About 200 were cut off earlier this month, following a larger chop of 300 in December 2024. The rapidly growing company that achieved
As it was previously reported in the media, Goldman plans to reduce its workforce by 3-4% in Q2, which translates to approximately 1,900 job losses. According to reports, Goldman is urging other VPs and managing directors (MDs) to relocate to less expensive areas like Salt Lake City.
The change is in line with a similar initiative by Andy Jassy, the CEO of Amazon, who has supported a more lean organisational structure throughout the business.
A former Zomato employee claims in a widely shared Reddit post that the firm unexpectedly and without warning fired over 300 employees, sparking uproar. According to the former worker, who says he was one of those affected, the decision was made based on an "average lateness" of only
Out of the 1,200 engineers that Infosys onboarded in October and November, 40 to 45 more trainees were let go after the company came under fire for firing about 400 trainees who didn't perform well in its rigorous assessment. An important internal evaluation that Infosys had planned
By early 2025, Amazon plans to let off 14,000 administrative staff members as part of a comprehensive restructuring strategy meant to boost productivity and cut expenses. It is anticipated that Amazon will save between $2.1 billion and $3.6 billion a year as a result of the decision,
A media report claims that as part of a reorganisation plan, audio series provider Pocket FM is laying off about 75 workers. The company has laid off employees twice in the last six months in an effort to reduce expenses and get closer to profitability. According to reports, Pocket FM
According to a media report, Breathe Well-being, situated in Delhi NCR, laid off over 100 workers during a reorganisation exercise last week. According to the report, the startup's inability to secure new investment and its short six- to one-year runway were the reasons for the layoffs. The reorganisation
Ola CEO Bhavish Aggarwal is said to have threatened employees with severe repercussions if they fail to report for duty amid rumours that the company is laying off about 500 workers. Aggarwal brought attention to the problem of low office attendance and urged staff members to put their work obligations
Yes, Madam is currently experiencing online backlash for purportedly terminating over 100 employees who reported experiencing increased work-related stress during a mental health survey conducted by the organisation. Anushka Dutta, a former copywriter at Yes Madam, vented her annoyance on LinkedIn, writing, "What's going on at Yes
The electric two-wheeler maker Ola Electric has restructured to reduce its workforce by roughly 500 employees due to concerns about its losses and after-sales service issues. According to the media, the exercise would affect workers at all levels and in all departments. In order to become profitable, the company managed
While reorganising its operations last week, 80–100 workers were let off by Mumbai-based audiobook platform Kuku FM. Additionally, contracted staff were affected by the exercise. According to the reports, 300 workers, both on and off the roll, lost their jobs overall. The exercise had the biggest effect on the
According to reports, Aakash Digital Classroom Program (AD-CRP), a digital classroom initiative, has been discontinued by Aakash Educational Services Limited (AESL). This occurs in the middle of the company's recent layoffs. The AD-CRP team, which was formerly a part of Byju's—which acquired Aakash in April
Amid a severe liquidity constraint, the domestic quick-grocery delivery service Dunzo is reportedly laying off at least "150-200" additional staff. The company is planning to raise $35 million in capital from existing supporters such as Reliance Industries and Google in addition to new investors. There have been various
To increase its profitability, the agriculture supply chain company Waycool has terminated the employment of more than two hundred people across all departments. This is the third wave of layoffs that have been implemented at the corporation situated in Chennai. Waycool's businesses are all working hard to put
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Despite the rough seas, Paytm appears to be continuing to navigate its course. The Reserve Bank of India (RBI) has already served the company with numerous notifications, putting it under its scrutiny. As part of their yearly evaluation cycle, Paytm is reportedly planning to lay off 20% of their workers.
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‘Dunzo karle!’ has now become a common phrase when it comes to delivering groceries and packages. How many companies can claim to have become synonymous with the products or services they offer? Bangalore-based fast delivery app Dunzo’s journey has been a rollercoaster ride like no other. Even now, Dunzo
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The rising prices of food and gas, the increasing rate of unemployment and layoffs, and the talks of recession are becoming the talk of the town. The massive layoff spree is one of the biggest contributors to the rising suspicions of a recession. Amid all this, a new element is