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TCS Market Valuation Erodes By Rs 28,149 crore Since Layoff Announcement
Tata Consultancy Services (TCS) has lost Rs 28,148.72 crore from its market valuation in two days after the company announced that it will lay off about 12,000 employees of its global workforce this year.
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Tata Consultancy Services' Shares Drop After Layoff Announcement
Shares of tech major Tata Consultancy Services (TCS) were trading lower on Monday, following the company's announcement to lay off around 12,200 employees in FY26.
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Layoffs in 2025: HP, Intel, Meta, Microsoft, Ola and More Fire Over 75,000 Staffers; AI the Main Culprit
Layoffs in tech never really stopped in the post-pandemic world. Since the end of 2021, tech companies have been laying off employees in large numbers. Unfortunately, 2025 was also not different, as tech giants such as Intel, Microsoft, Meta, and Salesforce made headlines for their mass layoffs.
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Startup CEO Abruptly Lays Off 19 Employees Over Video Call: "We've Run Out Of Money"
The startup employee shared that their day began like any other, but the CEO called an urgent all-hands meeting, revealing that the company had run out of money and was shutting down.
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Bengaluru CEO Helps 67 Of 70 Laid-Off Employees Find New Jobs, Earns Praise For "Considerate" Approach
The company ensured transparent communication by having personal conversations with each of the 70 affected employees to explain the reasoning behind the decision.
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Bhavish Aggarwal's Ola To Cut 1,000 Jobs. 500 Were Laid Off In November
The current round of layoffs amounts to over a quarter of Ola's 4,000 employee size as of March 2024 but includes contract workers that aren't counted in the company's public disclosures.
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Starbucks To Lay Off 1,100 Jobs Amid Sluggish Sales
Starbucks will cut 1,100 corporate and administrative jobs as part of a reorganization as it aims to reignite sales growth, the company's new CEO said Monday.
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Jeff Bezos-Backed Space Company Blue Origin To Lay Off 10% Workforce
Jeff Bezos' space company Blue Origin LLC is cutting about 10% of its workforce, a significant pullback aimed at slashing costs and refocusing resources after years of development work.
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AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
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Finfluencer Sharan Hegde Lays Off 15% Staff, Explains Reasons: "Irony Isn't..."
Mr Hegde, the company's CEO, attributed the layoffs to "redundant expenses" and "mistakes in hiring."
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ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
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AI Chatbot Startup Character.AI Lays Off At Least 5% Of Its Staff: Report
Chatbot startup Character.AI laid off at least 5% of its staff, The Information reported on Thursday, citing a person briefed by company leaders.
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Amidst AI Push, Cisco To Lay Off Thousands In Second Job Cut This Year, Sources Say
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.
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Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
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Google Lays Off Employees, Shifts Some Roles Abroad Amid Cost Cuts
Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.
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TCS Market Valuation Erodes By Rs 28,149 crore Since Layoff Announcement
Tata Consultancy Services (TCS) has lost Rs 28,148.72 crore from its market valuation in two days after the company announced that it will lay off about 12,000 employees of its global workforce this year.
-
Tata Consultancy Services' Shares Drop After Layoff Announcement
Shares of tech major Tata Consultancy Services (TCS) were trading lower on Monday, following the company's announcement to lay off around 12,200 employees in FY26.
-
Layoffs in 2025: HP, Intel, Meta, Microsoft, Ola and More Fire Over 75,000 Staffers; AI the Main Culprit
Layoffs in tech never really stopped in the post-pandemic world. Since the end of 2021, tech companies have been laying off employees in large numbers. Unfortunately, 2025 was also not different, as tech giants such as Intel, Microsoft, Meta, and Salesforce made headlines for their mass layoffs.
-
Startup CEO Abruptly Lays Off 19 Employees Over Video Call: "We've Run Out Of Money"
The startup employee shared that their day began like any other, but the CEO called an urgent all-hands meeting, revealing that the company had run out of money and was shutting down.
-
Bengaluru CEO Helps 67 Of 70 Laid-Off Employees Find New Jobs, Earns Praise For "Considerate" Approach
The company ensured transparent communication by having personal conversations with each of the 70 affected employees to explain the reasoning behind the decision.
-
Bhavish Aggarwal's Ola To Cut 1,000 Jobs. 500 Were Laid Off In November
The current round of layoffs amounts to over a quarter of Ola's 4,000 employee size as of March 2024 but includes contract workers that aren't counted in the company's public disclosures.
-
Starbucks To Lay Off 1,100 Jobs Amid Sluggish Sales
Starbucks will cut 1,100 corporate and administrative jobs as part of a reorganization as it aims to reignite sales growth, the company's new CEO said Monday.
-
Jeff Bezos-Backed Space Company Blue Origin To Lay Off 10% Workforce
Jeff Bezos' space company Blue Origin LLC is cutting about 10% of its workforce, a significant pullback aimed at slashing costs and refocusing resources after years of development work.
-
AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
-
Finfluencer Sharan Hegde Lays Off 15% Staff, Explains Reasons: "Irony Isn't..."
Mr Hegde, the company's CEO, attributed the layoffs to "redundant expenses" and "mistakes in hiring."
-
ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
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AI Chatbot Startup Character.AI Lays Off At Least 5% Of Its Staff: Report
Chatbot startup Character.AI laid off at least 5% of its staff, The Information reported on Thursday, citing a person briefed by company leaders.
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Amidst AI Push, Cisco To Lay Off Thousands In Second Job Cut This Year, Sources Say
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.
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Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
-
Google Lays Off Employees, Shifts Some Roles Abroad Amid Cost Cuts
Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.
