Page 3 - Workforce Reduction News Today

(CTN News) - PayPal plans to slash another 2,500 jobs, or 9% of its global staff, a year after making a similar move.

With millions of users, Swiggy is the culinary architect in India's internet world, and it's about to undergo a strategic makeover. There are a lot of speculations suggesting that the corporation may lay off 400 workers as a preventative measure before filing draft papers with the regulator.

Salesforce is laying off about 700 employees, around 1% of its global workforce, according to The Wall Street Journal. The company has not made an off

In a major restructuring effort, Indian e-commerce giant Flipkart plans to lay off around 1000 employees, accounting for 5 per cent of its workforce. The company also confirmed a salary increment freeze and a hiring freeze for 2023.

This workforce reduction aligns with a broader trend of job cuts in the tech industry this year, with notable instances at companies like Google, Amazon, Unity, and Discord.

Corning Inc. cut about 2% of its global workforce due to revenue shortfalls, including several hundred positions in the Greater Corning area.

Macy's store closures come as a significant challenge when consumers turn to platforms like Amazon as their first shopping destination. Read more.

Following the strategic restructuring, Allakos reported that Lirentelimab failed in its Phase II studies for atopic dermatitis and chronic spontaneous urticaria. Read more.

From Canada mulling international student residency caps and BYDs Brazil collaboration talks to Boeing facing scrutiny over a 737 MAX 9 panel blowout, foreign investors selling Chinese equities, heres a look at some of the developments from the world of business.

Twitch is reportedly laying off 500 employees, cutting their workforce by 35% in the upcoming week. Check out the details here.