Layoffs In It Companies

Take-Two Interactive has announced it will lay off around 600 workers, or 5 percent of its workforce, while also scrapping several projects as the company looks to cut costs. The move to lay off workers and cut ongoing projects is expected to drive more than $165 million of annual cost savings, according to the firm.

Electronic Arts will reduce 5 percent of its workforce as part of a restructuring plan that also includes a reduction in real estate, the company said on Wednesday, as the video game industry struggles to grow amid high interest rates.

Wipro became the latest to join the ongoing layoffs by tech companies after reports claimed the company would let go of 1,000 employees. It will join the ranks of Google, Microsoft, Amazon, UPS, PayPal, SAP, Twitch, Discord, Swiggy, Flipkart, and other organisations that have already reduced headcounts by hundreds. The total jobs lost in one month ...

Microsoft will let go of 1,900 employees at Activision Blizzard and Xbox this week, it said on Thursday, the latest cuts in the technology sector that has extended massive layoffs over the past years into 2024.

US companies planned 721,677 job cuts last year, a 98% jump from 363,832 layoffs reported in 2022, a new report published by professional outplacement firm Challenger, Gray & Christmas has revealed.

Google CEO Sundar Pichai told employees to expect more job cuts at the Alphabet-owned company this year, The Verge reported on Wednesday, citing an internal memo. The move adds to signs that job cuts will continue this year, as companies look to adopt artificial intelligence software and automation to lighten workloads.

Fintech giant Paytm's parent company, One97 Communication, has laid off 100s of employees across verticals due to the firm's implementation of Artificial Intelligence (AI) to bring automation in its process and ensure cost-cutting.

Paytm's parent company One97 Communication has laid off 100s of employees across verticals including sales and engineering, due to the firm's implementation of Artificial Intelligence (AI) to bring automation in its process and ensure cost-cutting.

The company has slashed around 21,000 jobs since November 2022 as it has sought to reassure investors that it was reining in costs amid waning revenue growth, high inflation and concerns that Reality Labs was losing too much money.

CoinSwitch, after terminating 44 members from its customer support team, has said it tried to reassign employees internally to other verticals before offering them an exit from the company. A drop in customer queries regarding crypto investments has been cited as the main reason why the company decided to trim its customer support unit.

KuCoin has reportedly fired 30 percent of its workforce just days after tightening its KYC policy. In damage control, KuCoin CEO Johnny Lyu tweeted a clarification noting that the company’s finances were not an issue and that hiring and firing employees are part of day-to-day corporate functioning.

Binance’s ongoing legal troubles with the SEC could be forcing the firm to implement some effective cost cutting measures. The company is implementing layoffs, its CEO Changpeng Zhao has accepted. Contrary to what is being reported in the media, Zhao said, the layoffs have not affected 1,000 staff members. More staff terminations are reportedly t...

Uber Technologies said on Wednesday it would cut 200 jobs in the company's recruitment division amid plans to keep the staff count flat through the year and streamline costs. The reductions affect less than 1 percent of Uber's global workforce. The ride-share company laid off 150 employees in its freight services division earlier this year.

Chingari has laid off around 60 employees as part of its restructuring plan, the company said on Tuesday. The short-video-based social media app has laid off only 20 percent of its workforce. The Chingari spokesperson said that the company as part of severance package is offering two months' salary to the impacted employees to assist them during th...

Reddit said on Tuesday it is laying off about 5 percent of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America.

Take-Two Interactive has announced it will lay off around 600 workers, or 5 percent of its workforce, while also scrapping several projects as the company looks to cut costs. The move to lay off workers and cut ongoing projects is expected to drive more than $165 million of annual cost savings, according to the firm.

Electronic Arts will reduce 5 percent of its workforce as part of a restructuring plan that also includes a reduction in real estate, the company said on Wednesday, as the video game industry struggles to grow amid high interest rates.

Wipro became the latest to join the ongoing layoffs by tech companies after reports claimed the company would let go of 1,000 employees. It will join the ranks of Google, Microsoft, Amazon, UPS, PayPal, SAP, Twitch, Discord, Swiggy, Flipkart, and other organisations that have already reduced headcounts by hundreds. The total jobs lost in one month ...

Microsoft will let go of 1,900 employees at Activision Blizzard and Xbox this week, it said on Thursday, the latest cuts in the technology sector that has extended massive layoffs over the past years into 2024.

US companies planned 721,677 job cuts last year, a 98% jump from 363,832 layoffs reported in 2022, a new report published by professional outplacement firm Challenger, Gray & Christmas has revealed.

Google CEO Sundar Pichai told employees to expect more job cuts at the Alphabet-owned company this year, The Verge reported on Wednesday, citing an internal memo. The move adds to signs that job cuts will continue this year, as companies look to adopt artificial intelligence software and automation to lighten workloads.

Fintech giant Paytm's parent company, One97 Communication, has laid off 100s of employees across verticals due to the firm's implementation of Artificial Intelligence (AI) to bring automation in its process and ensure cost-cutting.

Paytm's parent company One97 Communication has laid off 100s of employees across verticals including sales and engineering, due to the firm's implementation of Artificial Intelligence (AI) to bring automation in its process and ensure cost-cutting.

The company has slashed around 21,000 jobs since November 2022 as it has sought to reassure investors that it was reining in costs amid waning revenue growth, high inflation and concerns that Reality Labs was losing too much money.

CoinSwitch, after terminating 44 members from its customer support team, has said it tried to reassign employees internally to other verticals before offering them an exit from the company. A drop in customer queries regarding crypto investments has been cited as the main reason why the company decided to trim its customer support unit.

KuCoin has reportedly fired 30 percent of its workforce just days after tightening its KYC policy. In damage control, KuCoin CEO Johnny Lyu tweeted a clarification noting that the company’s finances were not an issue and that hiring and firing employees are part of day-to-day corporate functioning.

Binance’s ongoing legal troubles with the SEC could be forcing the firm to implement some effective cost cutting measures. The company is implementing layoffs, its CEO Changpeng Zhao has accepted. Contrary to what is being reported in the media, Zhao said, the layoffs have not affected 1,000 staff members. More staff terminations are reportedly t...

Uber Technologies said on Wednesday it would cut 200 jobs in the company's recruitment division amid plans to keep the staff count flat through the year and streamline costs. The reductions affect less than 1 percent of Uber's global workforce. The ride-share company laid off 150 employees in its freight services division earlier this year.

Chingari has laid off around 60 employees as part of its restructuring plan, the company said on Tuesday. The short-video-based social media app has laid off only 20 percent of its workforce. The Chingari spokesperson said that the company as part of severance package is offering two months' salary to the impacted employees to assist them during th...

Reddit said on Tuesday it is laying off about 5 percent of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America.