Workforce Reduction
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NASA To Lose About 20% Of Staff Amid Trump's Federal Workforce Cuts
The US space agency NASA will lose about 3,900 employees under Donald Trump's sweeping effort to trim the federal workforce -- at the same time as the president prioritizes plans for crewed missions to the Moon and Mars.
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Microsoft Shuts Pakistan Operations After 25 Years, Cites Global Restructuring
Tech giant Microsoft has announced to shut down its limited operations in Pakistan as part of its global strategy to reduce workforce, which various stakeholders termed on Friday as a "troubling sign" for the country's economy.
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Boeing Fires 180 Employees In India Amid Workforce Reduction Plan: Report
Boeing, which has been facing multiple headwinds globally, has around 7,000 staff in India, which is also a key market for the company.
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Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
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NASA Cuts Jobs, Shuts Key Offices Under Trump's Executive Order
The National Aeronautics and Space Administration (NASA) has initiated a workforce reduction, leading to the closure of several key offices, including the Office of the Chief Scientist and the Office of Technology, Policy, and Strategy.
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US Federal Agencies Ordered To Prepare Major Job Cuts
US federal agencies have been directed to prepare sweeping workforce reduction plans as part of President Donald Trump's Department of Government Efficiency initiative, according to a memo issued Wednesday by top administration officials.
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Freshworks Announces 13% Workforce Reduction In Strategic Restructuring
Dennis Woodside, CEO of Freshworks, announced the company's decision to reduce its workforce by 13 per cent, impacting around 660 employees.
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Dell To Layoff Workers In Sales Team Reorganization With New AI-Focused Unit
Dell previously announced a major workforce reduction in early 2023, shedding 13,000 jobs in that fiscal year.
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Electronic Arts to Lay Off 5 Percent of Workforce, Reduce Office Space
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.
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Paytm Announces Job Cuts in India to Save Costs
One 97 Communications, parent of fintech firm Paytm, confirmed a "slight reduction" in its workforce on Monday as part of cost-cutting measures without specifying the number of jobs. A company spokesperson, however, denied recent media reports that have suggested the non-bank lender could cut more than 1,000 roles.
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Bengaluru Start-Up Lays Off 18 Employees, Co-Founders Offer To Help Find New Jobs
Two Bengaluru-based startup founders announced a workforce reduction within their company. However, they offered assistance to the impacted employees in finding alternative employment opportunities.
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Uber to Lay Off 200 Employees in Recruitment Division to Cut Costs and Streamline Operations
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.
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EV Startup Lucid to Lay Off 1,300 Workers to Cut Costs, Will Incur Up to $30 Million in Related Charges
Electric-vehicle maker Lucid Group said on Tuesday it would lay off about 18 percent of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan.
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Robinhood Cuts 23 Percent Workforce in Another Round of Layoff Amid Weak Quarter
Robinhood has announced to reduce the headcount by 23 percent, laying off over 780 employees after the company reported quarterly losses. This will be second layoff for the company, which earlier cut 9 percent of its workforce. Robinhood’s monthly average users dropped to 14 million monthly active users in June, with a 44 percent revenue drop.
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Elon Musk Says a Few Unresolved Matters Remain With Twitter offer
Elon Musk said there are still a few unresolved matters with his Twitter deal including the number of spam users on the system and the coming together of the debt portion of the deal.
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NASA To Lose About 20% Of Staff Amid Trump's Federal Workforce Cuts
The US space agency NASA will lose about 3,900 employees under Donald Trump's sweeping effort to trim the federal workforce -- at the same time as the president prioritizes plans for crewed missions to the Moon and Mars.
-
Microsoft Shuts Pakistan Operations After 25 Years, Cites Global Restructuring
Tech giant Microsoft has announced to shut down its limited operations in Pakistan as part of its global strategy to reduce workforce, which various stakeholders termed on Friday as a "troubling sign" for the country's economy.
-
Boeing Fires 180 Employees In India Amid Workforce Reduction Plan: Report
Boeing, which has been facing multiple headwinds globally, has around 7,000 staff in India, which is also a key market for the company.
-
Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
-
NASA Cuts Jobs, Shuts Key Offices Under Trump's Executive Order
The National Aeronautics and Space Administration (NASA) has initiated a workforce reduction, leading to the closure of several key offices, including the Office of the Chief Scientist and the Office of Technology, Policy, and Strategy.
-
US Federal Agencies Ordered To Prepare Major Job Cuts
US federal agencies have been directed to prepare sweeping workforce reduction plans as part of President Donald Trump's Department of Government Efficiency initiative, according to a memo issued Wednesday by top administration officials.
-
Freshworks Announces 13% Workforce Reduction In Strategic Restructuring
Dennis Woodside, CEO of Freshworks, announced the company's decision to reduce its workforce by 13 per cent, impacting around 660 employees.
-
Dell To Layoff Workers In Sales Team Reorganization With New AI-Focused Unit
Dell previously announced a major workforce reduction in early 2023, shedding 13,000 jobs in that fiscal year.
-
Electronic Arts to Lay Off 5 Percent of Workforce, Reduce Office Space
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.
-
Paytm Announces Job Cuts in India to Save Costs
One 97 Communications, parent of fintech firm Paytm, confirmed a "slight reduction" in its workforce on Monday as part of cost-cutting measures without specifying the number of jobs. A company spokesperson, however, denied recent media reports that have suggested the non-bank lender could cut more than 1,000 roles.
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Bengaluru Start-Up Lays Off 18 Employees, Co-Founders Offer To Help Find New Jobs
Two Bengaluru-based startup founders announced a workforce reduction within their company. However, they offered assistance to the impacted employees in finding alternative employment opportunities.
-
Uber to Lay Off 200 Employees in Recruitment Division to Cut Costs and Streamline Operations
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.
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EV Startup Lucid to Lay Off 1,300 Workers to Cut Costs, Will Incur Up to $30 Million in Related Charges
Electric-vehicle maker Lucid Group said on Tuesday it would lay off about 18 percent of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan.
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Robinhood Cuts 23 Percent Workforce in Another Round of Layoff Amid Weak Quarter
Robinhood has announced to reduce the headcount by 23 percent, laying off over 780 employees after the company reported quarterly losses. This will be second layoff for the company, which earlier cut 9 percent of its workforce. Robinhood’s monthly average users dropped to 14 million monthly active users in June, with a 44 percent revenue drop.
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Elon Musk Says a Few Unresolved Matters Remain With Twitter offer
Elon Musk said there are still a few unresolved matters with his Twitter deal including the number of spam users on the system and the coming together of the debt portion of the deal.
