Stay updated with the latest news and articles about Layoffs.
Sony is laying off 900 employees (8% of its workforce) in the PlayStation division due to lower PS5 sales. Studios worldwide are affected, including closures and staff reductions. The company maintains this is crucial for long-term growth.
Microsoft lays off 1,900 gaming employees to maintain profitability in a stagnant market, focusing on resource optimization and team alignment.
Various Indian companies across industries have faced challenges, leading them to implement employee layoffs.
A new round of layoffs is planned by Meta's parent company, Facebook, according to a report.
The layoffs will affect almost half of Yahoo's ad tech personnel by the end of the year, including over 1,000 employees this week, according to Yahoo.
According to them, up to 40 workers were issued pink slips on Monday after receiving a call and were informed they would get up to nine months of severance money.
Zoom revealed intentions to let off around 1,300 employees, or 15% of its staff, in a blog post published on the company's website on Tuesday.
Dell laid off an undisclosed number of employees in the midst of the COVID-19 epidemic in 2020.
Microsoft has joined the round of layoffs! According to recent reports, Microsoft Layoffs 2023 are on the way and may begin sooner than we think. Microsoft is planning to lay off 11,000 employees, or about 5% of its workforce.
ShareChat has also been laid off. On January 16, 2023, the Mohalla Tech-owned corporation announced the departure of around 20% of its personnel. ShareChat layoffs have affected almost 400 staff. Prior to this wave of layoffs, ShareChat let off over 100 staff in December 2022.
PayU is regulated by the Reserve Bank of India and has advanced solutions to fulfil the Indian market's digital payment needs.
According to Oyo, the new hires would aid in expanding the number of lodging establishments and residences available on its platform. It also promised to support "as many employees as it can" with outplacement and maintain their medical insurance coverage for another three months.
According to Moneycontrol, Munjal informed staff in an internal email that layoffs will occur across verticals, some of which would also be shut down or trimmed back.
According to Mark Zuckerberg, it will take around ten years for the investments in the metaverse to pay off. To save costs in the interim, he was forced to halt employment, cancel projects, and rearrange personnel.
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