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Sampark Sachdeva clarified that he did not select the names, but was tasked with executing the decision.
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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
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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.
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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.
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'[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.
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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'.
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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.
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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.
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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?’
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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.
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Sources say the company has deployed bouncers and security personnel to ensure that the trainees do not carry mobile phones
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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.
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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.
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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.
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This comes a day after Freshworks' CEO announced layoff of 660 employees and $400 million in share buyback.
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'I was brought into a conference room with HR and a manager several levels above me, and was told that Disney was eliminating my position,' Christine Collins, an acquiring assistant editor, said.
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Amazon had, since 2022, offered its laid-off employees a severance package that included a separation payment, transitional health benefits, and job placement. By 'silently sacking' employees, the tech giant will not have to go through the entire process, saving time and resources.
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The former Amazon employee, who was forced to quit after the tech giant asked him to move cities and work from the office, called the company's move an effort to reduce their headcount, avoid massive tax liability, and increase profit margins.
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Amazon CEO Andy Jassy's announcement has been called a 'stealth layoff' by many on social media because it is likely to push employees who want to prioritise a better work-life balance into finding new jobs.
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The 25-year-old said she came from a low-income family and always felt like an outsider among her peers who were dressed in designer pieces. The 11-hour shifts during the busy months also had a negative impact on her physical and mental health. 'My back ached from being glued to my seat all day... I gained 9 kg in just a few months,' she said.
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Sreela Venkataratnam had worked with Tesla for 11 years and is one of several senior employees to quit the company in recent months. Describing her tenure at the company, she said it was 'nothing short of extraordinary'.
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'I was a senior program manager at Microsoft in Hyderabad. No warning, no explanation - just a cheque and shown the door. The mix of emotions I felt: anger, confusion, and that sinking feeling of failure was overwhelming,' Kapil Kulshreshtha said.
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Ex-banker and financial advisor Sam Dogen made more than Rs 3 crore by 2023 through a mix of stocks, bonds, real estate, and other investments. He said it is more financially viable to get laid off than to quit.
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The Unacademy head has gathered support from business leaders such as Ola Electric founder-chairman Bhavish Aggarwal and the founder-CEO of Oyo Ritesh Agarwal.
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Vishal Kalyanasundaram claimed he even offered to move back to India to save his job but was informed that the company was replacing the entire team with that of 'Indians from India' with much lower salaries.
