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SAP this week said it will let go of 8,000 employees and Microsoft removed 1,900 positions in its gaming division. Fintech startup Brex laid off 20% of its staff and eBay slashed 1,000 jobs, or 9% of its full-time workforce.
Swiggy is planning an IPO later in 2024, and it is looking to reduce cash burn from its Instamart grocery unit so it can present the "best possible numbers" when it goes public.
Google has conducted another round of layoffs, this time affecting its recruiting group. Hundreds of recruiters were informed that they would be losing their jobs. This follows previous layoffs at Google earlier this year. The company is tightening its belt while still investing in artificial intelligence. The layoffs came as a surprise to employees, who were invited to a last-minute meeting to receive the news.
When confronted, the boss claimed that she had been sitting on her phone for 'four hours'
SaaS platform for online stores Dukaan has laid off nearly 30 per cent of its workforce, or around 60 employees -- its second layoff in about six months. -- aaa