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Several laid off employees took to professional networking platform LinkedIn talking about their terminations, with "Open to work" notifications. �� Tech Layoffs Continue! Cybersecurity Firm Kape Technologies Lays Off Nearly 200 Employees.
Airmeet CEO Lalit Mangal said in an internal email that lower marketing budgets and rapid commoditization of the virtual event category led to the decision.
Meta Platforms Inc, the parent company of Facebook, has recently made significant changes to its workforce, including the layoff of top executives and the elimination of entire business units in India.
According to CNBC, the job cuts at the London-based money transfer service provider, which is a Western Union rival, will mainly impact Zepz's customer care and engineering teams.
Several major companies continue to reduce their workforce globally to reduce costs.