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    • Neobanking fintech FiMoney pivots to B2B, lays off staff in consumer business

      Most neobanks have struggled to monetise their customers meaningfully by providing a concierge banking service

    • Techie shares how he secured job with 50% hike within a month after layoff: ‘Felt like the worst…’

      A tech worker who was recently laid off explained how staying focused and consistent helped him earn a 50% salary boost.

    • Associated Press lays off Pulitzer-winning journalist after 7-year stint: 'Without any prior notice'

      Although the Yemeni journalist did not specify when the layoff took place, his post triggered a wave of reactions on X, with journalists and media workers drawing parallels with broader job cuts across the industry, including that at 'The Washington Post'.

    • Journalist shares video of being laid off by 'The Washington Post' via Zoom call: 'Sad and angry'

      Reacting to the viral video, one X user responded with a screenshot of their cancelled subscription to 'The Washington Post', while others offered words of consolation and wished the journalist luck for future endeavours.

    • Jeff Bezos spent $500 million on yacht, but no money for 'The Washington Post': Bernie Sanders

      'Please don’t tell me he needed to fire one‑third of the Washington Post staff,' US senator Bernie Sanders said referring to the media house's owner, Jeff Bezos, whose net worth is more than $244 billion. He bought the media house in 2013, a move initially welcomed by many journalists who hoped his deep pockets would provide long‑term stability.

    • Shashi Tharoor’s son laid off from 'The Washington Post' after 12-year stint, Congress MP reacts

      Ishaan Tharoor had joined 'The Washington Post' in 2014, after an eight‑year stint at 'Time' magazine. His column, WorldView, aimed at helping readers better understand international developments and attracted around half a million loyal subscribers.

    • Woman turns into dog content creator after layoff, earns more: ‘Luckiest person in the world'

      After losing her job, the 32-year-old had a difficult choice: find another role or try to build something of her own. She chose the latter. 'The choice, for me, was simple. I had to at least try to make a name for myself, doing what I loved most, which was helping dogs,' Isabel Klee said.

    • 600 Paramount Skydance employees quit after being told to return to office, costs firm $185 million

      Skydance completed its $8 billion acquisition of Paramount in August, and executives warned at the newly merged entity's first press conference that layoffs would be announced in November.

    • Labour Standing Committee member urges labour, IT ministers to act on TCS layoffs

      Singh suggested the actual figure appears much higher, characterising this as part of a wider trend where profit is prioritised at the cost of workers' livelihoods.

    • Ozempic maker Novo Nordisk to cut 9,000 global jobs, slash profit forecast

      Novo said operating profit will grow between 4% and 10% at constant exchange rates. The company had predicted in February that profit could grow as much as 27%

    • 'I cried at work, didn't feel like a leader': Mumbai founder recalls laying off 25 people

      Sampark Sachdeva clarified that he did not select the names, but was tasked with executing the decision.

    • Paytm reduces headcount by 4,500, employee expenses down by Rs 650 crore in FY25

      Paytm had 44,000 employees in FY24, which came down to 39,400 in FY25, resulting in higher than the estimated savings of Rs 400-500 crore

    • Microsoft employee laid off after 23 years still goes to office: 'Keen to be helpful'

      The former principal product manager at Microsoft said he felt relieved when I got laid off. 'I thought I might feel upset, but, in reality, it was kind of a relief,' the 59-year-old said.

    • Walmart layoff: US netizens accuse CTO Suresh Kumar of replacing Americans with H1-B users

      After Walmart announced the layoff of 1,500 employees, a memo from Walmart CTO Suresh Kumar and US CEO John Furner stated the job cuts are part of a long-term operational strategy, not a move to bring in foreign workers.

    • Laid off Google techie lives in Thailand, flies to Singapore once a week to work for 3 hours

      '[We are] earning in dollars, spending in baht,' Shao Chun Chen said. He earns around Rs 1.33 lakh to Rs 2.6 lakh per month teaching a weekly three-hour digital marketing class at National University of Singapore. He was laid off by Google in February 2024.

    • Rolls-Royce CEO laid off 2,500 employees as part of a plan that led to 500% share price jump: Report

      Tufan Erginbilgiç showed the employees the extent of the difficulties faced by the company, which both shocked and heightened their focus. Shortly after becoming the CEO, he told the staff that Rolls-Royce was a 'burning platform' and this was their 'last chance'.

    • Ola founder Bhavish Aggarwal asks employees to send him weekly updates: 'No exceptions'

      The 'Kya Chai Raha Hai?' initiative was put into immediate effect with the first deadline set for the end of the day following the announcement and future reports due every Sunday.

    • Meta hikes bonuses for executives from 75% to 200% after laying off 3,600 employees

      A committee for Meta's board of directors approved the hike in bonuses after determining that its cash compensation for its executives was much lower than that enjoyed by executives holding similar positions at rival companies.

    • Meta lays off employee who worked for 15 years. She sues it for sexual assaults, denied promotions

      Describing one dark incident, Kelly Stonelake said that at a party with a group of colleagues, a male executive in her management chain said drunkenly, ‘Hey Kelly, what would your husband say if you called him right now and said that you f####d me?’

    • 'Cruelest tech company': Meta employees claim layoff was 'more about money than performance'

      Meta had announced that it would be letting go of more than 3,000 employees, focusing on those with low performance ratings but employees claim that they are being laid off on factors other than poor performance.

    • Infosys terminates around 400 trainees in Mysuru, employees cry foul

      Sources say the company has deployed bouncers and security personnel to ensure that the trainees do not carry mobile phones

    • Internet slams YesMadam for 'insensitive PR stunt' on stressed out employees: 'No one was fired'

      Social media users also pointed out that the YesMadam campaign is likely to promote distrust among employees, while raising questions on how it was approved in the first place.

    • YesMadam didn't fire its employees for being stressed: 'Social media posts were a planned effort'

      Yes Madam said that employees who experienced stress were not fired but were given a break to reset. 'We sincerely apologise for any distress caused by recent social media posts,' the company stated.

    • Boeing issues layoff notices to 400-plus workers as it begins drastic cuts

      The pink slips went out last week to members of the Society of Professional Engineering Employees in Aerospace, or SPEEA, The Seattle Times reported. The workers will remain on the payroll through mid-January.

    • Zoho's Sridhar Vembu flays Freshworks layoffs, buyback: 'Should not expect loyalty from its employees'

      This comes a day after Freshworks' CEO announced layoff of 660 employees and $400 million in share buyback.

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