Once known for hiring hundreds of thousands every year, five of India’s top six information technology services companies reported a reduction of 73,600 in their total headcount in the last fiscal yearHCLTech, the third largest, was the only exception among the top six, as it added 1,537 employees in the year ended March 31, even as Tata Consultancy Services, Infosys, Wipro, Tech Mahindra and LTIMindtree reported a fall in their headcount. After accounting for the addition at HCLTech, the...
The job cuts continue at Google and Rivian as both companies further trimmed their workforces Wednesday, part of a larger trend of layoffs in the tech industry this year. Google laid off an unspecified number of workers, though the cuts were not company-wide. The company classified them as a reorganization that was part of the normal course of business. Affected employees will be able to apply for internal roles. Google did not confirm or deny a report from Business Insider that teams in...
Technology giant Google is executing fresh layoffs in a bid to cut costs. The layoffs have impacted staff across Google’s real estate and finance departments, as per a Business Insider report. In the finance department, employees were let go in treasury, business services, and revenue cash operations.Google's finance chief Ruth Porat, in an email to staff, said that Google would build out its “growth hubs” in locations such as Bangalore, Mexico City, and Dublin as part of the restructuring, the...
Google layoffs: Tech giant Google announced major restructuring plans that could result in some employees getting fired, as per a report. Ruth Porat, chief financial officer at Google, sent a memo to employees informing them about company’s new plans, CNBC reported. What memo said on Google's restructuring plans?Ruth Porat wrote in the memo as per the report, “The tech sector is in the midst of a tremendous platform shift with Al. As a company, this means we have the opportunity to make more...
Alphabet's Google trimmed an unspecified number of employees from its workforce, a move it stated is part of a wider restructuring intended to simplify operations and increase efficiency.
Elon Musk has called for “absolutely hardcore” job cuts at Tesla, as the company lays off hundreds more employees in an attempt to control costs.
The restructuring plans were due to reduced demand, not external factors like the labour market situation, the company said.
EYEWITNESS NEWS (WBRE/WYOU) — The United States Postal Service (USPS) announced Thursday that it's hosting its Job Fair Day outreach on Tuesday. According to USPS, personnel with the postal service will be present at various post offices throughout the Commonwealth to help applicants during Job Fair Day, Tuesday, April 30, from 11:00 a.m. until 2:00 []
The story of TikTok's start highlights how visionary ideas, much like those of Steve Jobs, can have unexpected paths that profoundly impact global technology and culture. TikTok might not have existed without Steve Jobs A recent examination of court documents and business transactions reveals a complex web of investments and technological pivots that trace back to an obscure Chinese real estate venture. In 2009, Susquehanna International Group, a firm well-known for its strategic...
Google announced on Wednesday that it plans to lay off a significant number of employees and relocate some positions overseas. The layoffs will primarily affect Google’s finance and real estate departments. A spokesperson for the Mountain View company stated that these layoffs are part of a continuing restructuring initiative. Some impacted roles will be moved to developing hubs in India, Ireland and Mexico. “As we’ve said, we’re responsibly investing in our company’s biggest priorities and the...
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.Tesla last week reported a 55 percent drop in quarterly earnings to $1.1 billion, reflecting a decline in EV sales in a market with intensifying competition.
Trib Total Media of Pittsburgh reports UPMC is cutting 1,000 jobs because of post-pandemic challenges. Vice President and Chief Communications Officer Paul Wood said the reductions will impact just over 1% of UPMC’s more than 100,000-member workforce systemwide. He said layoffs primarily are taking place among non-clinical, administrative staff who don’t deal directly with patients. […]