A total of around 1,000 Zepto employees have been impacted since the beginning of the year, sources told Moneycontrol. Zepto is also cutting back its spends on AWS and other software and the company will go "very tight" on hiring.
A US federal judge blocked President Donald Trump’s administration from firing over 4,000 workers during the ongoing shutdown, calling the layoffs politically motivated and “a human cost that cannot be tolerated.”
The drastic restructuring comes at a time when Simpl is grappling with regulatory headwinds. The company had around 220 employees on role and will now retain around 50-60 for payment collections.
The U.S. faces a shutdown after Senate funding talks collapsed, with President Trump warning of mass federal layoffs. Around 150,000 staff already exiting, raising fears of long-term workforce losses and service disruption.
Workforce reductions and acquisition exits come as IT demand softens; TCS also cut staff amid industry-wide caution earlier.
Zupee joins a growing list of companies that have reduced their staff in recent weeks, as the industry grapples with the fallout of India's blanket ban on real-money games.
Head Digital Works joins a growing list of real-money gaming companies that have carried out large-scale layoffs in the past week following the government's blanket ban.
Games24x7, which operates the online rummy platform Rummy Circle and fantasy sports platform My11Circle, is the latest casualty of the government's ban on real-money games.
The job cuts at the PokerBaazi parent firm comes after the government introduced a new online gaming law that has imposed a blanket ban on real-money games in the country.
MPL and other real-money gaming firms had suspended contests and games involving money on their platforms after the Parliament passed the online gaming law that prohibits such games.
'We are interested in building with this talent to dig ourselves out of this hole’ said Harsh Jain, the co-founder of the co-founder of Dream Sports, the parent company of embattled fantasy sports major Dream11.
The Y Combinator-incubated startup attributed the move to an 'organisational restructuring exercise'
The advent of GenAI has made white collar workers more vulnerable than blue collar workers, an inversion of the traditional cycle. In any industrial revolution, it’s destruction effect and the consequent worker displacement which is apparent in the early stage
Analysts believe the growing expansion of GCCs in India may help offset any temporary impact caused by layoffs in traditional IT firms
India's largest IT company TCS is cutting 2 percent of its workforce or over 12,000 employees. In an interview to Moneycontrol, TCS CEO Krithivasan said this was a difficult #TCSLayoffs #TechLayoffs2025 #JobCuts #ITIndustryCrisis #TCSNews #EmploymentCrisis #IndianIT #LayoffNews #JobMarket2025 #TechNews
The investment firm currently employs around 7,000 people in its India GCC, and said it remains committed to maintaining that number.
Hiring activity among startups has rebounded meaningfully across sectors by 35–40% in H1 2025, according to industry experts and recruitment platforms.
The move comes amid a continued effort to streamline operations, cross-leverage talent across business units, and focus resources on growth segments, the company said in a statement on May 10.
This represents the fourth round of exits at the Bengaluru-based software giant, bringing the total number of affected trainees to approximately 800 since February.
This comes at a time when used car platforms have been reporting slowing growth, and are increasingly diversifying into new business verticals in a bid to spur growth.
Business Standard had reported that several senior executives have been asked to resign amid Revlimid-linked margin strain, a claim that has been denied by the company.
Layoffs are back—and more normalized than ever. In an age where “realignment” and “optimization” have become boardroom euphemisms for job cuts, junior employees continue to bear the brunt of decisions they had no hand in making. This piece unpacks the growing moral disconnect at the heart of modern corporate restructuring
The company had hired as many as 1,500 employees under its Zomato Associate Accelerator Program (ZAAP) a year ago in customer support roles, offering the chance to be elevated to senior positions within a year, However, a majority of these contractual workers did not get renewals at the end of their tenures.
On February 12, the company received a notice from the Karnataka labour department on the matter, a day after former employees filed the complaint.
This move comes after a similar downsizing in November 2024, which affected at least 500 employees.