recession | Zee News

Recession News

31 Jan 2023

Dutch Tech Giant Philips to Cut 6000 Jobs, 13% Workforce Globally

Dutch tech company Philips announces to cut 6000 jobs globally. Company aims to restore its profitability and improve safety of its products following a recall of respiratory devices knocking off 70% market value. Half of the job cuts will be made this year, the company said on Monday, adding that the other half will be realised by 2025.

Top Layoffs 2022-23

26 Jan 2023

Top Layoffs 2022-23: From Microsoft, Amazon, Google to Ford- Check List Here

Google has declared that it will remove 12,000 jobs from its workforce in 2023 After Musk took over the social networking site, over 3700 workers—more than 50% of workforce were let go The quick delivery service platform Blinkit, formerly known as Grofers, let go more than 5% of its staff, or about 1600 people

26 Jan 2023

Which BIG Companies Lay Off their Employees in First Month of 2023? Check LIST

Almost 60,000 employees with 209 companies globally have lost their jobs in the first month of 2023. SAP said on Thursday it planned to cut 3,000 jobs, or 2.5% of its global workforce. Tech giant IBM is laying off 3,900 employees.

26 Jan 2023

Software Giant SAP Announces to Cut 3000 Jobs, 2.5% of its Global Workforce

SAP plans to cut 3000 jobs or 2.5% of its global workforce. The company is exploring the sale of its remaining stake in Qualtrics to cut costs and focus on cloud business. SAP is the latest tech company to cut jobs after companies including Alphabet's Google, Microsoft and Amazon.

26 Jan 2023

Software Engr Pens Down a Heart-Wrenching Post After Being Laid off by Spotify

Spotify to lay off 6% of its employees amid fear of recession. An Indian Software Engineer pens down a heart-wrenching post. She says in the post the hardest part is not knowing the reason.

26 Jan 2023

IBM to Lay Off 3,900 Employees; Bets Big on Hybrid Cloud, AI

IBM to lay off 3,900 employees after missing annual cash target. IBM joins a slew of tech companies such as Meta, Alphabet, Microsoft and others in laying off thousands of employees amid the global economic headwinds. Earlier, Google laid off 12,000 employees globally.

25 Jan 2023

Every one in four Indians surveyed Worried about threat of job layoff: Survey

Every one in four Indians is concerned about the threat of job layoff while three out of four are worried about rising inflation. Three out of four people are worried about the rising inflation and want the government to introduce decisive measures to tackle the same. This is relatively higher in the affluent (32 per cent ), older 36-55 year-olds (30 per cent) and salaried classes (30 per cent).

Washington Post

25 Jan 2023

The Washington Post Lays off 20 Newsroom Staff, Shuts Gaming Division

Washington Post announces to lay off its employees including newsroom jobs. The newspaper will shut down its gaming section. Amazon Jeff Bezos bought The Post for $250 million.

Google lay offs

22 Jan 2023

Ex-Google employee's inspiring post goes viral; Netizens praise positive look

Google lay offs an employee who was working there for 17 years on Friday. Ex-Google employee's post is garnering a lot of praise and respect for offering help to others in hard time. The companies come and go; the people are what really matter, he wrote in the post.

22 Jan 2023

Loyalty vs Frequent switches: Linkedin post stirs debate amid mass lay offs

Over 50,000 employees in 153 companies lost their jobs globally. Microsoft, Google laid off even long-serving employees as well. A Linkedin post stirs debate on the question of loyalty and frequent switches.

20 Jan 2023

Over 50,000 employees laid off by 153 companies globally in 2023 so far

Over 50,000 employees have been laid off so far in 2023 by 153 companies globally. Google becomes the new participant in the league to lay off their employees. Earlier, Swiggy announces to lay off its 380 employees.

20 Jan 2023

Google to lay off 12,000 employees amid tough days: CEO Sundar Pichai

Google to lay off 12,000 employees: CEO Sundar Pichahi. The affected employees will get notice period salary and other bonuses. Sundar Pichai calls it one of toughest days.

20 Jan 2023

Swiggy lays off its 380 employees after town hall meeting

Swiggy lays off its 380 employees that accounts for 6% staff. Swiggy joins the list of 150 companies globally that lay off its employees in first 20 days of January. A total of 38815 employees have been laid off so far in 2023, according to layoffs.fyi.

17 Jan 2023

Goldman Sachs calls employees at 7:30 am morning for meeting and fires them

Goldman Sachs sacked more than 3,000 employees in disguise of business meetings as early as 7.30 a.m: Report. Once the employees arrived at the conference room -- some as early as 7.30 a.m. -- they were told by their managers that they were being fired. Those sacked were given the choice to leave the office immediately or wait for colleagues to arrive so they could say goodbye.

16 Jan 2023

91 tech companies lay off over 24,000 employees in first 15 days of January

In India, companies like Ola (which fired 200 employees), voice automated startup Skit.ai, dominated the headlines in January.In December last year, over 17,000 tech employees were shown the door.

16 Jan 2023

Indian startup ShareChat lays off its 20% employees amid fear of recession

India's ShareChat, a short video-sharing platform lets go of around 20% of its employees. Indian startups raised $24 billion last year, a third lesser than in 2021, according to Venture Intelligence. ShareChat confirmed employees would get two weeks' pay for every year served.

14 Jan 2023

'Economic crisis brewing, joblessness...': Rahul Gandhi in letter to public

Rahul Gandhi warned the public of an "economic crisis" in the future He wrote a letter to the citizens of India about the obstacles the nation faces

06 Jan 2023

Amazon India to lay off around 1000 of its employees in coming days: Report

Amazon India to lay off 1% of its employees in coming days. Earlier, Amazon announced to lay off 18000 employees globally. Google is also planning to lay off a significant number of employees in early 2023.

13 Dec 2022

US Inflation slows down further in November - Details Inside

U.S. consumer prices rose less than expected for a second straight month in November. The consumer price index readings last month reflected declines in the costs of gasoline, healthcare and used cars and trucks. For the first time we can say the Fed is winning its war on inflation: Report.

13 Dec 2022

US-tech company Cisco starts laying off its 5% employees -- Details Inside

Cisco has reportedly started laying off 5 per cent of its workforce, or more than 4,000 employees. Impacted workers took to TheLayoff.com and Blind portal to post about their job cuts at the company. Cisco reported $13.6 billion in revenue, up 6 per cent year over year.

Loading...