Layoff News
27 Apr 2024
CryptocurrencyBored Ape NFT creator announces organizational shift, lays off employees
Yuga Labs Inc, the company behind the popular NFT collection, Bored Ape Yacht Club, is laying off an undisclosed number of employees during a restructuring phase.
20 Apr 2024
InfosysWipro, TCS, Infosys collectively lost 63,759 workers in FY24
In a first occurrence over the past two decades, leading Indian IT companies Tata Consultancy Services (TCS), Infosys, and Wipro have reported a collective annual decrease in their workforce.
19 Apr 2024
BusinessAI startup behind Stable Diffusion trims its workforce by 10%
Stability AI, the company behind Stable Diffusion AI image generator, has confirmed significant job cuts amidst a series of internal struggles.
17 Apr 2024
Grand Theft AutoGTA maker Take-Two Interactive announces job cuts and project terminations
Take-Two Interactive Software, the renowned creator of the Grand Theft Auto game series, has announced a 5% reduction in its workforce.
15 Apr 2024
Elon MuskElon Musk announces layoffs at Tesla, impacting 14,000 employees
Tesla, the world's leading electric vehicle company, has confirmed plans to lay off more than 10% of its global workforce.
13 Apr 2024
Gaming BytesIndie game studio Possibility Space ceases operations, lays off employees
Independent game studio Possibility Space has been closed down by its CEO, Jeff Strain.
11 Apr 2024
BusinessMcKinsey to lay off over 350 employees amid slowdown
McKinsey & Co., a renowned global consulting firm, has revealed plans to trim approximately 360 jobs worldwide.
29 Mar 2024
IndiaGeneral Electric to slash 1,000 jobs including in India
General Electric (GE) is preparing to cut 1,000 jobs within its renewable energy subsidiary, LM Wind Power.
19 Mar 2024
BusinessUnilever to separate ice cream business, layoff 7,500 employees
British FMCG giant Unilever has announced plans to separate its ice cream division, home to well-known brands such as Ben & Jerry's and Magnum.
19 Mar 2024
BusinessDeloitte initiates biggest global overhaul in a decade: Here's why
Deloitte, a titan among the Big Four accounting firms, has set in motion its most significant global overhaul in a decade, as reported by the Financial Times.
19 Mar 2024
ChinaWorld's leading solar manufacturer Longi to trim workforce by 30%
Longi, the global leader in solar manufacturing based in China, is poised to eliminate roughly a third of its workforce, as part of an aggressive cost-cutting plan.
04 Mar 2024
GoogleUnionized YouTube Music employees axed during ongoing city council meeting
In a surprising turn of events, Google laid off unionized YouTube Music workers in Austin, Texas, during a city council meeting last week.
29 Feb 2024
BusinessEA to fire over 650 employees amid gaming industry slump
Electronic Arts (EA) is laying off 5% of its workforce, leading to over 650 employees losing their jobs.
28 Feb 2024
BumbleBumble to fire 30% of its workforce in restructuring move
Bumble has revealed plans to lay off around 350 employees, which is about 30% of its workforce.
27 Feb 2024
SonySony to reduce headcount globally by 8%: Here's why
Sony has revealed plans to cut around 900 jobs from its PlayStation division, a global reduction of about 8%.
27 Feb 2024
Travel And TourismExpedia to lay off 1,500 workers amid slower travel demand
Expedia Group is eliminating around 1,500 jobs, which is about 9% of its global workforce, following a leadership change announcement earlier this month.
23 Feb 2024
YahooVice Media, Yahoo's Engadget announce job cuts
In a fresh round of layoffs in the media sector, Vice Media and Yahoo-operated Engadget are making big changes by cutting jobs and reorganizing their structures.
22 Feb 2024
BusinessBuzzFeed sells Complex for a loss, announces job cuts
BuzzFeed has sold entertainment media brand Complex to livestream shopping platform NTWRK for $108.6 million, marking a major strategy shift for the company.
16 Feb 2024
NikeNike plans to lay off over 1,600 employees: Here's why
Nike, the world's largest supplier of athletic shoes and apparel, is set to eliminate over 1,600 jobs, the Wall Street Journal has reported.
14 Feb 2024
Artificial Intelligence and Machine LearningMozilla is reducing headcount, focusing on Firefox and AI
Mozilla, the company behind the Firefox browser, is cutting back on staff and refocusing its efforts on Firefox and artificial intelligence (AI).
12 Feb 2024
SpiceJetCash-strapped SpiceJet to fire 1,400 employees to reduce costs
SpiceJet has announced plans to lay off approximately 1,400 employees, which is nearly 15% of its current workforce. The decision is aimed at reducing costs and maintaining investor interest.
06 Feb 2024
SnapchatSnap to lay off 10% of staff amid revenue struggles
Snap Inc is letting go of nearly 10% of its workforce or around 500 employees.
31 Jan 2024
GoogleGoogle spent $2.1 billion on layoffs and severance in 2023
Google has shelled out a whopping $2.1 billion on severance and related costs for laying off over 12,000 employees throughout 2023.
