The year 2023 began on a bad note for tech workers globally and 91 companies have laid off more than 24,000 tech employees in the first 15 days this month, signaling worse days ahead, said job cuts tracker Layoffs. About 24,151 tech workers lost their jobs, dominated by companies like Amazon, Salesforce, Coinbase and others, according to layoff tracking website ...

Joining the Big Tech layoff season, networking major Cisco has reportedly started laying off 5 per cent of its workforce, which is more than 4,000 employees as a part of its “rebalancing” act and “rightsizing certain businesses”. Silicon Valley Business Journal reported that many workers took to TheLayoff.com and Blind portal to post about the job cuts at the company. ...

Homegrown micro-blogging platform Koo on Tuesday refuted earlier reports that it had  laid off 40 employees and clarified that only 15 employees, or 5 per cent of its workforce has been fired. In a fresh statement to media, the Twitter rival said that 15 positions “have been made redundant or removed due to performance issues.  This is completely aligned with ...

At least half of the companies worldwide are planning to cut jobs or prune bonuses and rescinding job offers due to the onset of a global economic downturn, said global financial monitoring firm PwC in its latest report. In its “PwC ‘Pulse: Managing business risks in 2022” survey in the US, it said 50 per cent of respondents are reducing ...

Crypto lending exchange Crypto.com has laid off more employees in the second round and this time, the firing of employees is worse than the previous job cut, as the global crypto meltdown gets deeper. According to a Decrypt report, the latest round of job cuts has not been announced publicly. During the call, “leadership expressed they had no intention of ...