Moneycontrol PRO
you are here: HomeNewsLayoffs
layoffs
Jump to
  • Feast to famine: How agritech Dehaat went from record funding to layoffs  Aug 18, 2022 10:35 AM IST

    Feast to famine: How agritech Dehaat went from record funding to layoffs 

    It is another cautionary tale of ambitious startups that attempted to conquer new markets and grow rapidly only to come up against a funding winter amid global market turmoil this year.  

  • Exclusive | Unacademy halves Relevel team to 700 as placements drop amid job market slowdown Aug 17, 2022 08:05 PM IST

    Exclusive | Unacademy halves Relevel team to 700 as placements drop amid job market slowdown

    Interestingly, the slowdown in the job market doesn’t seem to have affected other recruitment platforms like Naukri. That company, run by Info Edge, said its recruitment business recorded 49 percent growth in new customers and billing growth was witnessed across IT and non-IT.

  • Google warns employees of possible layoffs: ‘There will be blood on streets’ Aug 16, 2022 08:00 AM IST

    Google warns employees of possible layoffs: ‘There will be blood on streets’

    Google executives have reportedly warned their employees of dire consequences if things don’t start looking up for the tech giant.

  • Snap plans to lay off employees Aug 09, 2022 09:10 AM IST

    Snap plans to lay off employees

    The scope of the job cuts is currently unclear as managers are still planning it for their teams, the report said, adding that the Snapchat-owner has more than 6,000 employees.

  • Edtech unicorn Vedantu lays off another 100 employees Aug 02, 2022 09:18 PM IST

    Edtech unicorn Vedantu lays off another 100 employees

    According to sources, permanent employees from sales and training teams were laid off over the last month.

  • Exclusive | Unacademy suspends contracts of doubt-solving educators for 6 months in another cost-cutting move Aug 02, 2022 08:08 AM IST

    Exclusive | Unacademy suspends contracts of doubt-solving educators for 6 months in another cost-cutting move

    Unacademy told the educators that it has made 'strategic changes' to its customised learning solutions and owing to the change, it will 'significantly' reduce doubt solving on its platform.

  • Shopify cuts 10% of workforce on slowing online orders Jul 26, 2022 07:23 PM IST

    Shopify cuts 10% of workforce on slowing online orders

    The company had placed its bets on a pandemic-driven boom in online shopping. "It's now clear that bet didn't pay off," Chief Executive Officer Tobias Lütke said.

  • Profitable and capitalised, it is business as usual for us: Zetwerk CEO Amrit Acharya Jul 18, 2022 10:24 AM IST

    Profitable and capitalised, it is business as usual for us: Zetwerk CEO Amrit Acharya

    “While we also grew a lot last year, we grew profitably. And hence, in some way, destiny is under our control because we can now choose to go aggressive or not, without relying on extreme measures,” he said.

  • Tesla moves to push lawsuit over mass layoffs out of court Jul 15, 2022 07:05 AM IST

    Tesla moves to push lawsuit over mass layoffs out of court

    Tesla in a filing in federal court in Austin, Texas, where the company is based, said the workers who were terminated signed valid agreements to bring employment-related legal disputes in arbitration and to refrain from participating in class-action lawsuits.

  • Alibaba cuts a third of deals team staff after regulatory crackdown: Report Jul 14, 2022 06:58 PM IST

    Alibaba cuts a third of deals team staff after regulatory crackdown: Report

    Alibaba plans to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70, Reuters learnt from sources.

  • Twitter says it is not planning big layoffs Jul 14, 2022 08:06 AM IST

    Twitter says it is not planning big layoffs

    The filing comes a day after Twitter sued Tesla Inc Chief Executive Elon Musk for violating his $44 billion deal to buy the company and asked a Delaware court to order the world's richest person to complete the merger at the agreed $54.20 per Twitter share.

  • Rivian to address layoffs at Friday meeting, Tesla to cut 229 jobs Jul 13, 2022 07:47 AM IST

    Rivian to address layoffs at Friday meeting, Tesla to cut 229 jobs

    Separately, electric-car maker Tesla Inc will permanently shut its office in San Mateo, California, and will lay off 229 employees, a filing showed on Tuesday. They were working on the company's Autopilot driver-assistant system.

  • Unacademy to exercise internal migration for redundant employees: Gaurav Munjal Jul 12, 2022 05:19 PM IST

    Unacademy to exercise internal migration for redundant employees: Gaurav Munjal

    The company has laid off over 750 employees or about 12 percent of its workforce including educators and contractual employees since the start of 2022.

  • 'I stay out of the VC ecosystem because I fundamentally don’t believe in it:’ Zoho’s Sridhar Vembu Jul 12, 2022 05:16 PM IST

    'I stay out of the VC ecosystem because I fundamentally don’t believe in it:’ Zoho’s Sridhar Vembu

    Vembu’s comments come at a time when startups in India across sectors are cutting costs aggressively in a bid to survive in the near term with VC and private equity (PE) funding slowing down amid a correction in global financial markets.

  • Distressed healthcare startup MFine merges with LifeCell International's diagnostics arm Jul 11, 2022 01:12 PM IST

    Distressed healthcare startup MFine merges with LifeCell International's diagnostics arm

    LifeCell’s diagnostics business and MFine will have a combined user base of more than six million. MFine, as a brand, will continue to exist as the consumer-facing platform, under the new entity LifeWell

  • SoftBank-backed Ola kicks off cost-cutting exercise, may lay off 400-500 staff Jul 05, 2022 04:52 PM IST

    SoftBank-backed Ola kicks off cost-cutting exercise, may lay off 400-500 staff

    The move to undertake layoffs also comes days after Ola decided to shut down Ola Dash, its quick commerce business, and also recast its cars business to focus more on strengthening its electric division.

  • Shattered Dreams, Humiliation, Fight For Survival: How laid-off startup employees are coping Jul 04, 2022 10:59 AM IST

    Shattered Dreams, Humiliation, Fight For Survival: How laid-off startup employees are coping

    Moneycontrol spoke to 15 people who were laid off in the past six months to understand their hopes and fears as they navigate the new normal. All the names of the laid-off employees have been changed in the story to protect their identities.

  • Moneycontrol Masterclass: No stigma around laid off talent, rebadging of youth who lost jobs not taking much time Jul 04, 2022 06:52 AM IST

    Moneycontrol Masterclass: No stigma around laid off talent, rebadging of youth who lost jobs not taking much time

    People may find jobs, but experts say having a degree and the requisite skills both become important.

  • Tesla employee says sacked from dream job after just 2 months: ‘Sat in shock, cried’ Jul 03, 2022 10:13 AM IST

    Tesla employee says sacked from dream job after just 2 months: ‘Sat in shock, cried’

    Many Tesla employees have shared their termination stories online, seeking to connect with potential employers.

  • Substack laying off 14% of its staff Jun 30, 2022 09:29 PM IST

    Substack laying off 14% of its staff

    Substack CEO Chris Best told employees that the cuts affected staff members responsible for human resources and writer support functions, among others, according to a person familiar with the discussion.

  • Exclusive: Deep cuts at Byju's: Over 2,500 employees laid off across Byju’s, Whitehat Junior and Toppr Jun 29, 2022 06:23 PM IST

    Exclusive: Deep cuts at Byju's: Over 2,500 employees laid off across Byju’s, Whitehat Junior and Toppr

    Byju's has laid off full-time and contractual employees from Toppr, WhiteHat Jr, and its core team across sales and marketing, operations, content and design teams

  • Byju’s-owned WhiteHat Jr lays off 280-300 employees Jun 28, 2022 08:09 PM IST

    Byju’s-owned WhiteHat Jr lays off 280-300 employees

    Sources have also told Moneycontrol that employees from the sales and marketing team are largely impacted by this round of layoffs.

  • Amid startup layoffs, larger job market remains buoyant across sectors Jun 23, 2022 05:12 PM IST

    Amid startup layoffs, larger job market remains buoyant across sectors

    While thousands of startup employees have lost jobs, the number is small if one looks at the larger employment market canvas, experts said. While IT and ITes sector will continue its run, e-commerce and logistics as well as export oriented sectors including textiles, leather goods are doing well. Consumer goods sector will increasingly hire more as well as the retail and hospitality sectors.

  • Exclusive: Coinbase-backed crypto exchange Vauld lays off 30% of workforce, takes other measures to cut costs Jun 21, 2022 11:33 AM IST

    Exclusive: Coinbase-backed crypto exchange Vauld lays off 30% of workforce, takes other measures to cut costs

    Vauld will be looking at reducing marketing expense, slowing hiring, reducing executive compensation by 50% and pausing most vendor engagements

  • Moneycontrol Daily: Your Essential 7 Jun 21, 2022 06:13 AM IST

    Moneycontrol Daily: Your Essential 7

    A daily round-up of the most interesting articles to help jump-start the day.

Sections
ISO 27001 - BSI Assurance Mark