Breaking news: Ola Cabs CEO Hemant Bakshi has reportedly resigned, hardly four months after taking up the post. Multiple media reports also state that Ola is likely to lay off over 10 per cent of its employees as a part of company restructuring.
Spotify says it's cutting 17 per cent of its global workforce, the music streaming service's third round of layoffs this year as it looks to cut costs.
Ford and General Motors said around 500 more workers have been temporarily laid off due to "knock-on effects" from the ongoing strike at Detroit's "Big Three" automakers. The two companies sent home the employees who were left without work following United Auto Workers strikes on assembly plants, Ford and GM said Monday., Auto News, Times Now
. In March, Meta Founder and CEO Mark Zuckerberg had asserted that the company would cut 10,000 jobs across two rounds of layoffs in late April and late May. , Companies News, Times Now
Layoffs 2023: More than 6,000 of US telecom carrier Verizon's employees have received pre-recorded messages from the firm about "significant" upcoming layoffs as part of "restructuring" and "streamlining" measures. According to The Verge, Verizon told employees that they would be eligible for a severance offer (two weeks per year of tenure). In some cases, workers would also be able to apply for other roles in the company, IANS reports., Companies News, Times Now
Layoffs: LinkedIn is set to cut 716 jobs and close down its China-focused job application. LinkedIn employs around 20,000 employees, which translates the fresh job cuts to around 3.5%. Watch this Visual Story to know all about Google, Microsoft layoffs.