
Vimeo lays off 11% employees amid 'uncertain economic environment'
The majority of people impacted are in sales and R&D departments.
The majority of people impacted are in sales and R&D departments.
The layoffs were driven by external market external market forces, says co-founder and CEO Krish Subramanian.
About 33% CEOs in India and 39% CEOs globally have already implemented a hiring freeze, says KPMG.
39% of global CEOs have already implemented a hiring freeze, says survey.
The marginal growth in India's services PMI was attributed by panellists to greater bookings, better demand conditions and the retreat of the pandemic.
While the pandemic is causing employers to rethink their hiring forecasts, many are in a cash-conservation mode and are delaying or cancelling bonus payouts and increments, say HR experts.